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New York Youth Works Tax Credit Fact Sheet

Contact: Margaret Moree
December 9, 2011

A new tax credit was approved by the Legislature to promote the hiring of at-risk youth across New York State. The tax credit is available for a limited period of time to employers. This fact sheet is intended to give employers a snapshot of the credit that can be used as part of your business planning for 2012.

Employer Requirements:

  • Must be pre-qualified by the New York State Department of Labor (NYSDOL), on a form and process set by the NYSDOL Commissioner
  • Application must be submitted after January 1, 2012 but no later than June 30, 2012
  • New hires must be paid equivalent wages for similar jobs with appropriate adjustments for experience; they cannot be used to replace a position that was terminated
  • Employers are ineligible if they reduce their workforce solely for the purpose of accessing the tax credit
  • The Commissioner may set additional rules on industry preferences, including for “in demand occupations” and those sectors identified as regional growth sectors by the regional economic development councils.* Statute specifically references clean energy, healthcare, advanced manufacturing and conservation as possible preferential sectors
  • Preference may be given to employers who offer advancement and employee benefit packages to qualified employees.

Employee Requirements:

Must be pre-qualified, through a process set by the NYSDOL Commissioner

Tax Credit:

Tax Credit Terms:

*See table below for a snapshot of regional growth sectors

** See table below for a listing of cities and towns which meet this threshold, based on The Business Council's analysis of recent U.S. Census Bureau data.

Growth Sectors Identified by Regional Economic Development Councils
Region Advanced
Manufact.
Life
Sciences
Information
Technology
Nanotech Tourism/
Agribusiness
Financial
Services
Clean Energy “Big Data” Defense/
Homeland
Security
Logistics/
Transp.
NYC Regional Growth Sector Checkmark
(health)
Checkmark  
(technology)
Checkmark Checkmark    
Long Island Checkmark Checkmark Checkmark       Checkmark   Checkmark  
Mid Hudson Valley Checkmark Checkmark Checkmark              
Capital Region Checkmark     Checkmark Checkmark          
Mohawk Valley Checkmark     Checkmark Checkmark Regional Growth Sector
(back office)
       
Finger Lakes Checkmark Checkmark Checkmark   Checkmark   Checkmark      
Western NY Checkmark Checkmark     Checkmark   Checkmark     Checkmark
Central NY Checkmark Checkmark     Checkmark Checkmark Checkmark      

 

City or Town Regional Economic
Development Council
Albany Capital Region
Buffalo Western NY
Mount Vernon Mid Hudson Valley
New Rochelle Mid Hudson Valley
New York New York City
Rochester Finger Lakes
Schenectady Capital Region
Syracuse Central New York
Utica Mohawk Valley
Yonkers Mid Hudson Valley
Town of Hempstead Long Island
Town of Brookhaven Long Island

Other Workforce-Related Investments included as part of Budget Package: