Education and Workforce Development Committee Update
April 30, 2013
- Memo in Support of Amended New York Youth Works Tax Credit
- Perkins Act Up for Reauthorization
- NYATEP to Hold 2013 Policy and Research Symposium
The Business Council supports S.4762 (DeFrancisco), a measure that would amend the eligibility provisions of the New York Youth Works Tax Credit, which was recently extended to cover 2014 through 2018.
This program is designed to bring at-risk youth into the private sector workforce. Under its provisions, employers in specified areas of the state can qualify for the tax credit by hiring at-risk or low-income youth age 16-24 (who were previously unemployed) for a minimum of 20 hours/week. The employer receives $250/month for the first six months that each individual is employed, and $500/month after an additional six month time period.
This program is available to full-time students. However, working 20 hours/week could impede a high school or college studentís ability to allot adequate time for academics.
To address this concern, the legislation would reduce the minimum hours a week an employee needed to work from 20 hours to 10 hours in order for the employer to qualify for the tax credit. Otherwise, this legislation does not affect the overall cost of the tax credit program.
The Carl D. Perkins Career and Technical Education Improvement Act (2006) is up for reauthorization this year.
As the sunset date approaches, conversations on the actís reauthorization have centered on how to better align CTE programs with high-tech labor market needs, and the role that partnerships play between the private sector, secondary and postsecondary institutions.
The Business Council will include more information on the Perkins Act in the coming months through committee updates.
The New York Association of Training and Employment Professionals (NYATEP) is holdings its 2013 Research and Policy Symposium on May 21-22 at the Sheraton Syracuse University Hotel. Plenary sessions and discussions will include: college completion challenge; investing in veterans; best practices in one-stops; collective impact; youth employment; health sector initiatives; and much more.
The early bird rate and hotel block ends on May 3. Click here for more information and sign up today!