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80,000 Employer Incentives
1. Amend WOTC section 51 (Employer Incentive).
- Law change: Increase $ 2,000 incentive to $25,000 per person.
- Incentivize 80,000 employers to hire former inmates.
- Employer Tax incentive: $ 25,000 per employee.
- Annual IRS cost: $ 2.0 billion (80,000 people @ $25,000 each).
- Avoided cost: $ 12.0 billion (60,000 people @ $200,000 each).
- Recidivism rate goal: 25%.
- State wide job placement at scale.
- State wide data collection.
- 300 person call center.
Avoided Cost
1. Amend WOTC section 51 (Employer Incentive).
- Law change: Increase $ 2,000 incentive to $25,000 per person.
- Incentivize 80,000 employers to hire former inmates.
- Employer Tax incentive: $ 25,000 per employee.
- Annual IRS cost: $ 2.0 billion (80,000 people @ $25,000 each).
- Avoided cost: $ 12.0 billion (60,000 people @ $200,000 each).
- Goal: 25% recidivism rate (20,00 less arrests!)
Call Center
1. Amend WOTC section 51 (Employer Incentive).
- 80,000 weekly calls (Evaluation)
- 300 call center operators.
- 250 operator apartments.
- Inside and out call center training jobs.
- 30,000 sqft needed.
- Program verification.
- Program cost: $ 2,000 per incentive.
- Gross sales: $ 160.0 million.
- Operating cost: $ 35.0 million.
- Surplus capital: $ 125.0 million annually.
Federal & State Income Tax
1. Amend WOTC section 51 (Employer Incentive).
- 80,500 people paying Fed & State income tax.
- Average tax payment $ 5,000 per year.
- $ 400,0 million fed & state income tax per year.
- Two years to recover $ 600,000 program investment.
- 25 years of tax payments per person, $ 125,000!
- Investment: $ 25,000 per person.
Less Victims
1. Amend WOTC section 51 (Employer Incentive).
- 80,000 people are not committing crimes via employment.
- 80,000 fewer victims via stable employment.
- $ 12.0 billion savings by not arresting 60,000 people.
- Goal: 25% recidivism reduction annually.
Solve The Problem, Long Term Employment Is The Solution
1. Amend WOTC section 51 (Employer Incentive).