Tap into thousands of tax credit and economic development incentives
Location benefits are negotiated and/or statutory tax incentives offered to businesses to encourage economic development, often in designated areas or zones. The ability to keep up with the wide array of available benefits and know the rules for recognizing such benefits can be a daunting and time-consuming task for most organizations. For this reason, many companies rely on the expertise of Maximus to administer their location benefits.
Enterprise and Empowerment Zones
In conjunction with state and local government incentives designed to encourage job creation and capital investment, tax incentives are also available to businesses that hire qualified workers who both live and work within designated boundaries. Similar economic development and hiring incentives are available to businesses at the federal level.
Unlock Tax Benefits in Empowerment Zones – Download the infographic
State Hiring Tax Credits
Many states offer their own hiring tax credits, targeting groups similar to those targeted by the federal program. Capitalizing on these state hiring tax credits gives you additional savings. Our experts help you navigate the process, screen candidates, and file the required paperwork.
Empower Youth Employment and Boost Your Business – Discover More
Negotiated Benefits
These negotiated and/or statutory tax incentives are offered to businesses to encourage economic development, often in designated areas or zones. We work in conjunction with your tax and real estate team to coordinate the necessary identifying and claiming procedures on local, state, and national levels. We administer the entire process, from identification to application and retrieval — searching out, identifying, and applying for all incentives that are advantageous to your business.
New York Youth Tax Credit
The New York Youth Tax Credit is designed to incentivize businesses to hire young individuals aged 16 to 24, fostering employment opportunities and economic growth in our communities. By hiring eligible youth, your business can benefit from substantial tax credits while helping to create a brighter future for the next generation.
This credit supports not only the financial well-being of your business but also promotes workforce development and skill-building among young workers. With straightforward eligibility criteria and rewarding benefits, the NY Youth Tax Credit is an opportunity you don’t want to miss.
Ready to learn more? Download our comprehensive guide to the NY Youth Tax Credit and discover how your business can qualify for this valuable incentive. Simply click the link below to access the guide and start maximizing your potential savings today!
