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N.Y. Rolls Out $35 Million Return-to-Work Restaurant Tax Credit

July 29, 2021, 6:28 PM

New York Gov. Andrew Cuomo on Thursday unveiled a $35 million tax credit program for restaurants that move quickly to hire back workers in one of the sectors hardest hit by the pandemic.

Restaurants that qualify could receive a $5,000 return-to-work tax credit for every new hire, up to $50,000 in credits per business. The program was created as part of a $1 billion package of economic recovery initiatives included in the state’s fiscal 2022 budget finalized in April.

  • The credit will be available to small, independently owned restaurants in New York City or in areas that were designated ...

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