After pointing out “three out of five jobs in the state are created by small and family-owned businesses,” O'Malley outlined plans to help businesses gain more access to credit by creating the Maryland Small Business Credit Recover Program which offers loan guarantees; proposed a Job Creation and Recovery Tax Credit to give businesses a $3,000 tax credit for every unemployed worker it hires; and pledged to introduce emergency legislation to resolve the increased rate impact small businesses face next year for the Unemployment Trust Fund.

via Governor unveils plans to help small businesses.

It looks good on paper but i can guarantee you it costs much more than 3k/yr to hire an employee.