York Builders Association Workforce NOW Foundation Approved as Education Improvement Organization under 2024 EITC Program
We are thrilled to announce that the York Builders Association Workforce NOW Foundation has recently been approved as an Educational Improvement Organization (EIO) under the 2024 Education Improvement Tax Credit (EITC) Program. This prestigious designation enables our Foundation to accept EITC funds from approved businesses, allowing us to further our mission to raise awareness and connect future industry professionals with the opportunities available to them in the local building industry.
The EITC Program, administered by the Pennsylvania Department of Community and Economic Development (DCED), encourages businesses to contribute to educational improvement organizations by offering tax credits in return. With this new status, the YBA Workforce NOW Foundation is poised to enhance our initiatives, which include providing scholarships, funding educational programs such as our Building Trades Pre-Apprenticeship, and supporting career development activities.
How to Become an Approved EITC Business
Businesses in Pennsylvania looking to support educational initiatives and gain tax benefits can become approved EITC businesses. The process involves several steps:
- Eligibility Check: Ensure your business qualifies under the EITC guidelines. Generally, businesses paying certain taxes to the Commonwealth of Pennsylvania are eligible.
- Application Submission: Complete the online application on the DCED’s Single Application for Assistance page. Applications for the 2024 program year will open on July 1, 2024.
- Approval and Contribution: Once approved, businesses can choose to contribute to an approved EIO, like the York Builders Association Workforce NOW Foundation. Contributions must be made within 60 days of the approval date.
- Claim Tax Credit: After making the contribution, businesses can claim the tax credit on their tax return, offsetting a portion of their tax liability.
For detailed guidelines and to apply, visit the DCED EITC Program page.
We are excited about the new opportunities this approval brings and look forward to partnering with local businesses to drive educational and workforce excellence in our community. For more information on how your business can contribute to the Workforce NOW Foundation, please get in touch with us directly or visit our website.
Together, we can make a significant impact on the future of our workforce and community!
For detailed steps and eligibility requirements, please refer to the DCED’s official EITC page
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ABOUT YBA WORKFORCE NOW FOUNDATION
The YBA Workforce NOW Foundation is a 501 (c)(3) nonprofit organization dedicated to raising awareness and connecting future construction industry professionals with the opportunities available to them in the local building industry. To learn more, contact the Foundation at 717-767-2444 or visit www.ybaworkforcenow.org