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Posted: 6:23 p.m. Thursday, March 14, 2013
By Kathryn Burcham
CHARLOTTE, N.C. —
A local senator wants to help small businesses and the unemployed with a new bill aimed to provide tax credits.
Sen. Gene McLaurin (D-Richmond) introduced Senate Bill 255, the Small Business New Job Creation Initiative, this week.
SB 255 would give small businesses with 50 employees or less a $2,000 tax credit for each long-term unemployed person they hire in 2013.
"It really offers a tremendous incentive to small businesses that would hire people in these tough economic times,” said McLaurin, who is a small business owner.
McLaurin said he designed the bill to particularly help the long-term unemployed, who are often considered undesirable to employers.
"Small businesses are, I think, key to an economic comeback here in North Carolina," McLaurin said.
In Mecklenburg County the bill could help as many as 25,000 businesses.
Ewa Powel, owner of Modern Fabrics in South, said she would love to hire another full-time employee if she could afford it.
"We are a small business so every little drop helps. We have to grow carefully but we are growing," Powel said.
SB 255 is under review by the Senate Finance Committee.
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