New York, New Jobs
Job creation has long been a top priority for the Assembly Majority. This new law delivers on our promise to work with the governor to create jobs for New York.

Workforce and job-creation programs

The plan provides $61 million to help New Yorkers gain the knowledge and skills they need to enter and reenter the workforce. In doing so, New York's economy will grow and our young people will have the skills necessary to ensure that future generations continue to thrive in New York.
  • The Summer Youth Employment Program: $25 million;
  • Higher Education Opportunity Programs: $9 million;
  • Career Pathways: $2.5 million;
  • Advanced Technology Training and Information Networking (ATTAIN): $2 million;
  • The Displaced Homemaker Program: $2.5 million;
  • Childcare Facilitated Enrollment Demonstration Programs: $7 million;
  • The Center for Employment Opportunities (CEO): $1 million; and
  • Youth Employment Readiness Training Program: $12 million.

Infrastructure investment and job creation

The law establishes a $1 billion infrastructure to rebuild roads, bridges and other infrastructure. This "design-build" fund will ensure that one entity designs and completes a project, streamlining the process and making it easier to get infrastructure projects off the ground. This will mean that more jobs can be created quickly and the economy of New York can grow.

Tax credit for employing disadvantaged youth

The law appropriates $25 million in tax credits to businesses that hire disadvantaged youths and also funds inner-city youth jobs programs, because it's critical to give at-risk youths the skills necessary to succeed and provide them with job opportunities to excel in spite of their environment.

Tax relief for manufacturers

The corporate tax rate for upstate manufacturers will be cut in half, a $25 million tax cut to boost job creation in the manufacturing sector. New York wins when manufacturers thrive, so by decreasing their tax burden, manufacturing companies will be more likely to hire and spur the economy.

Cutting the MTA Payroll tax to promote hiring

To encourage hiring, the MTA payroll tax will be cut or totally eliminated for more than 700,000 businesses and self-employed New Yorkers who currently pay the tax. The tax will be completely eliminated for small businesses with annual payrolls of up to $1.25 million. And business with payrolls between $1.25 and $1.75 million will see their payroll tax rate cut by up to two-thirds.

Flood recovery

The new law also includes significant relief for individuals and businesses affected by tropical storms Irene and Lee, specifically:
  • a job retention tax credit for companies with more than 100 employees who maintain or exceed their previous employment levels despite being affected by a natural disaster;
  • $50 million in grants to areas damaged by tropical storms Irene and Lee; and
  • property tax relief for flood-damaged properties.

As many New Yorkers still recover from the devastating effects of recent storms, this law provides them with the help they desperately need by providing tax relief and recovery funds and creating jobs to get these hardworking families back on their feet.

To read the complete legislation, click here