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  • Writer's pictureBusiness Council Staff

Businesses Eligible for $50 Million In tax Credits for Child Care

New York State is investing $100 million into child care for working families, including $50 million in capital funding and $50 million in tax credits.

Governor Hochul made the announcement on Wednesday, saying the the $50 million in capital funding will be in the form of grants for the construction or expansion of new child care centers and registered school-age child care programs. The $50 million in business tax credits will be available for eligible businesses to create or expand infant and toddler child care seats for their employees either directly or through a third-party.

“Quality child care is critical to our families, providing a safe environment for children and an educational foundation for the next generation of New Yorkers,” Governor Hochul said via a press release.

The application process for the funding begins in January 2024.


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