State expanding business tax credits for hiring at-risk youth
Tue, 08 Apr 2014 15:42:27 GMT —
New York state is expanding a program that offers businesses tax credits in exchange for hiring at-risk youth.
Gov. Andrew Cuomo announced Monday that annual funding for the program has grown from $6 million to $10 million.
Participating businesses can earn a tax credit of up to $3,000 for hiring workers age 16 to 24 who are from New York City, Buffalo, Rochester, Syracuse, Albany or several other urban areas covered by the program.
More than 1,000 businesses participated in the initiative in 2012, hiring nearly 13,000 young employees.