This is new: A bank offering companies incentives to hire. Today JP Morgan Chase announced that small businesses that open new business lines of credit can reduce their interest rates by .5 percent for each new hire by the end of the year, up to a 1.5 percent discount on credit lines of up to $250,000. Customers with existing credit lines can get the discounted rates for hiring if they increase their lines by $10,000. Customers that open a business checking account can get another .5 percent discount. CEO Jamie Dimon unveiled the plan at the bank’s headquarters in New York last night.
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