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STATE OF MINNESOTA DEPARTMENT OF ADMINISTRATIONTARGETED GROUP DESIGNATION FOR PURCHASING AND CONTRACTING CONDUCTED UNDER MINN. STAT. CHAPTER 16C, MINN. STAT. 161.321, AND MINN. STAT. 473.142FINDINGS
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Typically, organizations or institutions may require targeted group designation to determine eligibility for programs, grants, tax credits, or other resources.
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Examples of individuals who may need targeted group designation include minority-owned businesses looking to qualify for government contracts, individuals with disabilities seeking accommodations, or veterans seeking specialized services.
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It is important to check the specific guidelines and regulations of the organization or institution providing the targeted group designation to understand who is eligible and the benefits associated with it.
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What is targeted group designation for?
Targeted group designation is for identifying specific groups of individuals or businesses that qualify for certain tax incentives or benefits.
Who is required to file targeted group designation for?
Employers or businesses seeking to take advantage of tax incentives or benefits for hiring individuals from targeted groups are required to file targeted group designation.
How to fill out targeted group designation for?
To fill out targeted group designation, employers or businesses must provide information about the targeted group they are seeking to hire from and submit the form to the appropriate tax authority.
What is the purpose of targeted group designation for?
The purpose of targeted group designation is to encourage employers to hire individuals from specific groups that may face barriers to employment, such as veterans or individuals with disabilities.
What information must be reported on targeted group designation for?
Employers must report information such as the specific targeted group being hired from, the number of individuals hired from that group, and the tax incentives or benefits they are seeking to claim.
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