A first-of-its-kind job portal from financial technology leader FIS™(NYSE: FIS) is helping Electronic Benefit Transfer (EBT) recipients find jobs, while connecting the employers who hire them with up to $9,600 in federal tax credits per hire.
As a leading EBT processor, FIS is offering the Tax Credit Job Board as a way to link EBT recipients and other qualifying job seekers with open positions at participating employers. Qualifying individuals include food stamp or supplemental security recipients, veterans, those unemployed for 27 weeks or more, and people who live in low-income areas. Applicants must complete an online profile to determine eligibility and can post their resume, picture and a video to the website or mobile app.
Participating employers are eligible for a potential tax incentive under the federal Work Opportunity Tax Credit, which provides them with $2,400 to $9,600 in tax credits per qualified hire. Employers are notified when qualified candidates apply along with the tax credit value they could earn. The platform automates the tax credit application process.
“FIS has been processing EBT programs for over two decades and we saw a need in the marketplace for a platform that could help our state partners and more importantly, qualifying job seekers and local employers,” said Kim Bynan, head of the EBT business at FIS. “The new portal is a win-win-win. It provides an advantage to millions of job seekers, new talent and tax credits to employers, and reduced dependency on government programs for the states.”
