G.R. Reid Associates, LLP
Certified Public Accountants
631.425.1800
New York Youth Works Program
On December 9, 2011, Governor Andrew M. Cuomo signed into law "The New York Youth Works Program" in an effort to combat excessively high unemployment rates among inner city youths. This statewide initiative is designed to encourage businesses to hire disadvantaged and unemployed youth by allowing tax credits of up to $4,000 for hiring eligible individuals during 2012. To be eligible, employees have to be between ages 16 to 24, certified to participate in the program and live in one of the following areas of New York State:
Cities of:
- Albany
- Buffalo
- New York City
- Rochester
- Schenectady
- Syracuse
- Mount Vernon
- New Rochelle
- Utica
- Yonkers
- Brookhaven
- Hempstead
- to be in good legal standing
- situated within a reasonable commuting distance for youth who live in specified areas and
- fill job openings that meet one of three conditions:
- Considered an in-demand occupation,
- Located in a regional growth sector,
- Deemed a priority for the area's Regional Economic Development Council.
Businesses interested in participating in the program, should keep in mind that NYS has set aside only $25 million in available tax credits for this program. Those considering applying should act quickly in order to meet the deadline which is set for November 30, 2012.
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