Employer Incentives helps employers in New York take advantage of substantial New York tax credits in addition to federal tax incentives. New York tax credit, wage subsidies, and training grants include:
New York City’s Wage Subsidy Program
Employers can earn up to 40% of a person’s salary for 6 months if the individual hired qualifies under New York City’s grant diversion program. Eligible employees are those currently on public assistance in New York City.
New York City's Job Training Grants
New York City will pay up to 75% of the cost of training a new employee in order to help employers upgrade their staff. The maximum any one company can receive in a year is $400,000. The program is funded by the Workforce Investment Act (WIA).
At the completion of the WorkPAYS2 program, you may also be eligible for the Work Opportunity Tax Credit Program.
Governor Cuomo's "NY WORKS"
This proposal will give employers up to $3,000 per unemployed worker hired in tax credits. NYCity also has a wage subsidy program that pays 100% of the employee's salary through the end of the fiscal year if they're between the ages of 18 and 24.
NY Youth Works
The Governor and legislative leaders designed the NY Youth Works program to provide permanent, unsubsidized employment for youth across New York State. Under the program, thousands of young people can receive work readiness, occupational training and digital literacy training to build a foundation for future success. Businesses will also be offered up to a $3,000 wage subsidy in the form of tax credits to immediately put inner-city youth to work for six months. An additional tax credit of up to $1,000 will be available to employers who retain the participating youths for an additional six months. The program is a central part of Governor Cuomo's urban agenda which is designed to revitalize underserved communities across the state and address the chronic needs of those living in poverty.
Contact Employer Incentives to find out more about how these New York tax credits, wage subsidies, and training grants can benefit your company!
Take advantage of your New York tax credits, wage subsidies, and training grants:
Call Employer Incentives at (888) 236-7339.