Tuesday, September 6, 2011

Boston Mayor Proposes Incentives For Nonprofit Hiring

It doesn't take a rocket scientist to realize that jobs are hard to find in this market.  That's why federal and local governments are trying to come up with ways to boost hiring.  One example of this is developing in Boston, MA, as The Boston Globe reports that Mayor Tom Menino is proposing financial incentives to boost nonprofit hiring as part of a 10-point jobs proposal.

According to the report, hospitals and other nonprofit jobs that hire unemployed Bostonians would receive a $1,000 credit that would be deducted from the amount they would pay each year in lieu of taxes.  This credit would be increased to $1,500 if the individual had been unemployed for six months or more.

Whether these incentives will be enough to encourage nonprofits to hire remains to be seen.  The article quotes some experts, such as the president of the Boston Municipal Research Bureau, who believe the credits are too modest to have a big impact, especially in lieu of federal budget cuts and Boston's recent insistence that nonprofits pay more to the city.  To read the rest of the article, head on over to The Boston Globe.

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