State offers $5K tax credit for restaurants to hire more workers

A new state program aims to ease the labor shortage at restaurants by giving restaurants a tax credit for each new hire between April and December.

Gov. Andrew Cuomo announced that the state would put $35 million into the Restaurant Return-to-Work Tax Credit program.

Restaurants that were in a Covid-19 area designated by the state as an Orange or Red Zone for 30 consecutive days are eligible. They can claim $5,000 for each new hire, and the credit maxes out at $50,000, or 10 hires. For restaurants that make these hires by the end of August, there is an option to receive the cred as an advance payment,

→ Continue reading at Crain's New York Business

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