Second Chance employers can access a range of public subsidies and incentives designed to encourage inclusive employment practices. The Work Opportunity Tax Credit (WOTC) offers a one-time credit to employers for each new employee facing pre-identified barriers, including criminal records. The Federal Bonding Program is a free insurance product to protect against losses that may result from hiring candidates with criminal records. State and local governments and workforce boards also have targeted incentives designed to further motivate private-sector employers to engage in Second Chance employment.