Island's 'best kept secret': Benefits of tax credits highlighted at apprenticeship forum | Local Business
Funding And Grants

Island's 'best kept secret': Benefits of tax credits highlighted at apprenticeship forum | Local Business

The Guam Daily Post
May 1, 2025

Summary

Over 150 participants from nearly 100 companies gathered at the Hyatt Regency Guam for the 2025 Guam Apprenticeship Forum, organized by the Guam Department of Labor. The forum highlighted the benefits of the Guam Registered Apprenticeship Program (GRAP), showcasing how businesses can receive significant tax credits while investing in workforce development through apprenticeships.

This initiative aligns with a growing recognition of the importance of apprenticeships in building sustainable career pathways for residents. By fostering collaboration between the government and the private sector, the forum aimed to enhance awareness of the apprenticeship program's potential to address workforce challenges and improve employee retention across various industries in Guam.

Why this matters for apprenticeships

This story underscores the critical role that registered apprenticeship programs play in developing a skilled workforce and supporting local economies. By promoting tax incentives and collaborative efforts, GRAP not only addresses immediate workforce needs but also encourages long-term career development for apprentices, ultimately benefiting businesses and the community alike.

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