The Semiconductor Manufacturing Workforce Training Incentive Program is designed to help New York build a robust, highly skilled talent pipeline to support the growing chip industry and other advanced manufacturers statewide.

The program provides a 75% refundable tax credit on eligible training costs - up to $25,000 per employee trained - to advanced manufacturers and semiconductor manufacturing business that invest in training their workforce. Qualified costs include wages during training and "wrap-around" expenses to ensure successful training completion.

The business entity must operate in the State as a semiconductor manufacturing business or a manufacturing business and conduct eligible training.

Eligible training means training provided to an employee hired within 12 months (prior or post) of the business entity applying for this program. Such training may be offered by the applicant, a third-party provider, or a New York State registered apprenticeship program that is:

1. to upgrade, retrain or improve the productivity of employees;
2. to satisfy a business need on the part of a participating business entity;
3. not designed to train or upgrade skills as required by a Federal or State entity; and
4. structured to result in measurable advancements in skills and competencies that will contribute to opportunities for advancement for employees who complete the training

All potential applicants will need to fill out and submit a completed Consolidated Funding Application (CFA) for the program to be considered for the program. A link to the CFA can be found here. 

Applications must be filed before eligible training commences. Once an application is submitted, it will be reviewed and if approved, a certificate of conditional eligibility will be issued to the applicant. Certificate of eligibility does not guarantee tax credits. Applicants will be required to submit final requests for tax credits including a summary of eligible program costs, details about trained employees, and proof of payment. A performance workbook template will be provided to participants. Participants must submit final tax credit requests no more than two (2) years from the date of the conditional letter of eligibility.

The total amount of tax credits issued annually is limited to $20 million. Of that $20 million, any individual applicant may only receive up to:

• $1 million tax credit limit per eligible manufacturing business or
• $5 million tax credit limit per eligible semiconductor manufacturing business

Such credit limits shall apply to the lifetime of the eligible business.

View Program Regulations

For program inquiries please reach out to email: [email protected] and/or [email protected]

For CFA assistance please contact: [email protected]