A recent press release from the New York State Department of Labor.
Thousands of Dollars in Federal Work Opportunity Tax Credits, Training Grants Available for Businesses, Layoff Aversion Programs Available for Businesses in NYC
New York City, NY (July 06, 2009) – At a press event at Modell’s Sporting Goods in Harlem, State Labor Commissioner M. Patricia Smith and Chairman Charles Rangel today outlined a wide range of initiatives administered by the NYS Department of Labor designed to help businesses in New York City weather the current recession. These include federal Work Opportunity Tax Credits (WOTC) for new hires, training programs and an initiative that helps companies avoid potential layoffs. In New York City, the area’s unemployment rate (not seasonally adjusted) was 8.7 percent in May 2009, compared with 7.8 in April and 4.8 in May 2008. (more…)