| New York State's Economic Development Service is the source for comprehensive wage tax credit programs available to New York State employers. The Economic Development Service brings employers and jobseekers together working to their mutual benefit. The Economic Development Staff serve as liaisons to help employers obtain information about federal and state tax credits and employment incentives. As an employer in New York State, you can seize the opportunity to gain valuable tax credits through hiring designated individuals and/or creating new jobs.
The Economic Development Services Program was devised to help cut costs to employers and taxpayers while simultaneously helping people who receive public assistance become self-sufficient. The program helps offset labor costs to employers, thereby increasing an employer's bottom line. The overall objective of the Economic Development Services Program is to give New York State employers the incentive to hire from groups that typically have the most difficulty obtaining jobs. The Economic Development Services Program aims to meet the mutual needs of employers and jobseekers.
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