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

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

news.google.com
May 1, 2025

Summary

Over 150 participants from nearly 100 businesses attended the 2025 Guam Apprenticeship Forum, where they learned about the benefits of the Guam Registered Apprenticeship Program (GRAP), including significant tax credits for training costs. The forum highlighted the importance of collaboration between government and industry, with officials emphasizing the program's potential to foster workforce development and address local employment challenges.

The GRAP serves as a vital resource for businesses seeking to cultivate talent and improve employee retention rates. By focusing on earn-and-learn models, registered apprenticeship programs help create career pathways that not only benefit apprentices but also contribute to the overall economic growth of the region.

Why this matters for apprenticeships

This story underscores the importance of registered apprenticeship programs in developing a skilled workforce and promoting collaboration between businesses and government entities. As organizations recognize the financial and operational advantages of such programs, it can lead to increased participation and investment in workforce development initiatives.

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