More than 1,000 hired through tax-credit program, state says

November 19, 2010|By Jamie Smith Hopkins, The Baltimore Sun

Maryland's tax credit for hiring off the unemployment rolls has been used to get more than 1,000 residents back to work, the state said Friday — a big jump in two months but still far short of what the program could support.

The state budgeted $20 million for the first-come, first-served initiative, enough to support 4,000 hires. The tax credits, which can be claimed through the end of the year, are $5,000 apiece. In September, when just 350 hires had been made through the program, businesses speculated that too few employers realized they could be eligible.

The O'Malley administration said in a statement Friday that the 1,000th hire was made by Middle River Aircraft Systems in November.

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