Guam - The Guam Contractors Association will be holding an
apprenticeship action clinic this Friday as they try to spread the word about
tax credits that are offered by public law for companies that look to increase and
train the local workforce. GCA executive director James Martinez says the Guam
Registered Apprenticeship Program Law that expires at the end of next year can
help local companies.
He explained, "It gives tax credits to companies to hire and
train apprentices, so when you hire an apprentice and you train an apprentice
you get a 50% of your total costs, including their salaries, their personal
protective equipment, the salary of their journeyman shadow overseeing them and
Martinez says last year $1.5 million in tax credits were issued to
local companies while the year before that $3 million in tax credits were
issued. He adds the Contractors
Association will be asking lawmakers to extend the law for an additional five
years in light of the pause in the military buildup.
For more information about the clinic you can call 647-4841.