On Nov. 7, 2011, President Barack Obama announced executive orders to give tax credits to employers who hire post-9/11 veterans and wounded warriors, as well as enhanced career counseling and related services for veterans.
The new Returning Heroes Tax Credit will provide companies up to $5,600 in credits for each unemployed veteran they hire. Similarly, a new Wounded Warriors Tax Credit offers employers up to $9,600 for each veteran with service-connected disabilities they hire.
Post-9/11 veterans can also download a Veteran Gold Card that entitles them to six months of personalized case management, assessments and counseling services at One-Stop Career Centers nationwide. This service could benefit more than 200,000 post-9/11 veterans, according to White House officials.
In addition, the Labor Department launched My Next Move for Veterans, an online tool where veterans can enter information about their military experience and skills to identify civilian careers that put those skills to use. The site also offers information about salaries, apprenticeships, and other related education and training programs.
A new job bank, developed in partnership with leading job search companies, will allow employers to tag job postings for veterans, helping connect unemployed veterans to job openings. According to the White House, more than 500,000 job openings have already been tagged.
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