From the Hartford Courant:
There’s no evidence that state tax hiring credits that are based on a company adding jobs, adding to payroll, or investing in buildings work, according to a new working paper from the National Bureau of Economic Research. But the paper, which was authored by David Neumark, an economics professor at University of California at Irvine, and an economics graduate student at that university, found there is one way for state governments to move the needle on hiring at private businesses. “The estimates show that hiring credits targeting the unemployed have significant and positive effects on employment, boosting employment by about 0.6 percentage points after four months, with the effect growing to 0.9 percentage points,” the authors write.

For the full story, please visit http://courantblogs.com/ct-jobs/do-hiring-tax-credits-work/.