New federal incentive creates more jobs for Hoosiers

INDIANAPOLIS(WISH) -
Indiana is listed as one of the top ten states in the nation for new hires thanks to a federal tax incentive program, said Congressman André Carson.

Carson, referring to a recent report from the U.S. Department of the Treasury, said about 173, 000 Hoosiers have been hired within the past five months. These spikes in jobs have made it possible for multiple Indiana companies to receive tax breaks because of all the new hires.

The Hiring Incentive to restore Employment Act that was passed earlier this year is how companies will receive those tax breaks. The HIRE Act will provide a $1,000 tax credit to employers who keep workers for 52 weeks. The act will further exempt employers from having to pay out their 6.2 percent share of the Social Security payroll tax for the rest of 2010.

Indiana is ranked 10th in the nation right behind Michigan.

"The early success of the HIRE Act is welcome news for our economy," said Congressman Carson. "There are companies on the cusp of growth, and with these additional tax incentives, they're moving to hire people now--putting unemployed Hoosiers back to work and building momentum for our local economy."

The Congressman is sponsoring a job fair in collaboration with Ivy Tech Community College Aug. 25 from 9 a.m to 3p.m. at IUPUI’s campus Center in downtown Indianapolis. Carson hopes the fair will encourage companies to continue to take advantage of federal tax breaks.

Available jobs range from service-based jobs to skilled-trades positions to professional, high-wage jobs.

Anyone who wants to participate can find more information on the job fair can call 317-921-4539 or visit www.ivytech.edu/carsonjobfair.