If you are hiring new employees or training both existing and new employees, you may be eligible for the following programs:

Empire Zone Wage Tax Credit
What it is: Five year business tax credit up to $4,000 per employee
When to apply: Annually for 5 years
Who is eligible: Empire Zone certified businesses
Which agency: NYS Dept. of Taxation and Finance
To apply: Please contact your Empire Zone Coordinator

Empowerment Zone Benefits
What it is: Package of tax credits, accelerated depreciation, wage tax credit and various loan and work opportunity programs for businesses located within the zone, which include the following:
South Bronx Empowerment Zone Facilities Bond Program and Section 179 Deduction Benefit
South Bronx Empowerment Zone Wage Tax Credit
Upper Manhattan Empowerment Zone Facilities Bond Program and Section 179 Deduction Benefit
Upper Manhattan Empowerment Zone Wage Tax Credit
When to apply: Generally within tax year
Who is eligible: Retail, commercial and industrial businesses located in zone
Which agency: Upper Manhattan Empowerment Zone (UMEZ) or Bronx Overall Economic Development Corporation (BOEDC)
For additional information: If you are located in Upper Manhattan, please contact the Upper Manhattan Empowerment Zone Office
If you are located in the Bronx, please contact the Bronx Overall Economic Development Corporation

Job Creation and Retention Program
What it is: Provides discretionary grants, up to $4,000 per new full-time job, to eligible companies commiting to create a minimum of 75 new jobs in Lower Manhattan, as well as to employers making a commitment to retain at least 200 Lower Manhattan jobs
When to apply: Prior to making a commitment to locate NYC workforce
Who is eligible: Companies that project creating at least 75 full-time permanent jobs in Lower Manhattan (south of Canal Street) that are also new to NYC
Which agency: Empire State Development Corporation (ESDC) and New York City Economic Development Corporation (EDC)
To apply: Please complete Preliminary Assessment Questionnaire

NYC Business Solutions Recruitment
What it is: Recruit and prescreen candidates for employment based upon your company's specific employment needs
When to apply: Rolling application
Who is eligible: Qualified New York City businesses
Which agency: NYC Dept. of Small Business Services
To apply

NYC Business Solutions Training Funds
What it is: Technical support and funding to assist NYC employers to train and develop employee skills
When to apply: Rolling application
Who is eligible: Businesses that meet the eligibilty requirements
Which agency: NYC Dept. of Small Business Services
Click here for additional application criteria
Click here for pre-application

NYC Capital Access
What it is: A streamlined method to obtain loans and lines of credit up to $250,000 for working capital, leasehold improvements, equipment purchases, and some consideration for start-up loans
When to apply: Prior to investment or initiating project
Who is eligible: Retailers, manufacturers, wholesalers, non-profit organizations, contractors, and distributors located and doing business in New York City
Which agency: NYC Economic Development Corporation
To apply: Access participating lenders
NYC Capital Access Brochure

New York State Trade Adjustment Assistance Center (NYS TAAC)
What it is: A cost sharing grant to assist manufacturers in funding projects that improve their competitive position
When to apply: Applications can be made at any time
Who is eligible: Manufacturers whose employment and sales have been negatively impacted by import competition
Which agency: U.S. Department of Commerce
Preliminary Information Form
Funding Approval Process
Contact: Gary S. Youmans, (212) 921-1662

Qualified Emerging Technology Company (QETC) Employment Credit
What it is: A New York State employment credit designed to encourage the creation of jobs by emerging technology companies
When to apply: Within the tax year of investment. The credit can also be claimed for three consecutive years
Who is eligible: A qualified technology company subject to tax under Article 9-A of the Tax Law and demonstrates employment growth
Which agency: New York State Department of Taxation and Finance
To apply for credit: Instructions and Form

Qualified Emerging Technology Company (QETC) for Facilities, Operations, and Training Credit
What it is: A New York State tax credit to qualified emerging technology companies, up to $250,000 annually for at least four (4) years, for research and development, qualified research expenses, and high technology training
When to apply: Generally claimed for the tax year when the eligible expenses were incurred. The benefits can be claimed for four (4) consecutive years (five years if relocating from an academic incubator facility) and is fully refundable
Who is eligible: A qualified technology company subject to tax under Article 9-A or Article 22, have 100 full-time employees or less, with at least 75% employed in New York State, have ratio of research and development funds to net sales which equals or exceeds 6%, and have gross revenues less than $20 million for the preceding year
Which agency: New York State Department of Taxation and Finance
To apply: Instructions and Form
Related links: BioNY/QETC; NYSTAR Incentives

Work Opportunity Tax Credit (WOTC)
What it is: Federal tax credit up to $9,000 that encourages employers to hire from targeted groups of job seekers
When to apply: Must apply within 28 days of the first day of work for certification with the NYS Deptartment of Labor, then employer submits Form 5584 with their tax return
Who is eligible: Employees that meet certification requirements within one of the targeted groups
Which agency: U.S. Deptartment of Labor
To apply: Instructions for Form 8850, Form 8850, and ETA Individual Characteristics Form 9061, Form 5584

Workers With Disabilities Employment Tax Credit (WETC)
What it is: State tax credit up to $2,100 to encourage employers to hire disabled job seekers
When to apply: Within the second year of employment
Who is eligible: Employees that meet the eligibility for certification under the Work Opportunity Tax Credit (WOTC) program
Which agency: New York State Department of Labor
To apply: Pre-screening Application, Instructions and Form