In hopes of creating and preserving jobs in Boston, city officials recently proposed a deal with JPMorgan Chase & Co. In exchange for $4 million in tax breaks, the company would move from downtown to South Boston’s rapidly growing waterfront area. Half of the money used to provide the incentive will come from subsidies meant to aid in rehabilitating struggling areas and the other half will come from $2 million worth of tax reductions at the state level.
Archive for May, 2008
JPMorgan Chase & Co. Bringing Jobs to Boston
Monday, May 19th, 2008The Maryland Job Search
Monday, May 12th, 2008Maryland’s jobless rate rose in March to 3.6 percent, according to the Department of Labor, Licensing and Regulation. This figure is only up .1 percent from March of 2007 and .2 percent higher than the unemployment rate of February of this year.
Despite increasing slightly, Maryland has the 10th lowest unemployment rate in the nation and remains well under the national jobless rate average of 5.1 percent. Three of the state’s counties, Howard, Calvert and Montgomery, all had unemployment rates under 3 percent.