Mass Business Blog

News and Perspectives on Massachusetts Business and Economy

Paying Boston’s Sky-High Rent Price: Housing at $2,000 a Month Across Massachusetts

If you’re a resident of Massachusetts, you’re certainly no stranger to rent prices that are, well, wicked high. You also aren’t going to be too surprised to hear that rent is continuing to rise . . . and rise, and rise some more. As of early 2016, the average per-person rent in Boston—a city of 655,884...

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Paying Boston’s Sky-High Rent Price: Housing at $2,000 a Mon...

If you’re a resident of Massachusetts, you’re certainly no stranger to rent prices that are, well, wicked high. You also aren’t going to be too surprised to hear that rent is continuing to rise . . . and rise, and rise some more. As of early 2016, the average per-person rent in Boston—a city of 655,884 residents—was over $2,000 a month. But why?...

Biotechs and Robotics Pay Off for Massachusetts

A law passed in 2008 that provides subsidies to biotech and robotics companies in Massachusetts is helping to grow these industries in the commonwealth. Some say the biotech and robotics industries in MA are beginning to rival those of Tokyo and California, which have long been considered the global leaders in this type of business. Massachusetts...

Is It Legal for Hospitals to Ban Nicotine-Positive Employees...

In 2011, UMass Memorial Marlborough Hospital adopted a tobacco-free policy for its property. Recently, the same hospital announced that they would be establishing a nicotine-free hiring policy for all new employees as well. Nicotine will join amphetamines, benzodiazepines, cocaine, and others on the list of prohibited chemicals. Hospitals test...

Everything You Need to Know about a Styrofoam Ban in MA

Two legislators in Massachusetts have sponsored a bill that would eliminate the use of Styrofoam containers in the commonwealth. The bill has been endorsed by eighteen other lawmakers who agree that Styrofoam is harmful to the environment and should no longer be offered to consumers. Styrofoam Bans Across the United States Many national chains,...

WE BOS Supports Women Entrepreneurs in MA

A new initiative in Boston seeks to close the gender gap in business ownership and success. In 2012, women owned about 36% of all small businesses in the US; however, men-owned firms average a 67.9% higher profit margin. Boston Mayor Marty Walsh recently announced WE BOS, a plan to help establish and grow women-owned businesses in Massachusetts...

Millennials and Manufacturing: Can They Work Together?

An Incredible (and Daunting) Opportunity for Manufacturers US manufacturing is an absolute behemoth of an industry. CNBC recently reported that manufacturers contribute over $2 trillion to the US economy each year, and remarkably, it’s still growing. Experts predict that over the next ten years, there could be more than 3 million jobs opening up...

MA Welcomes Fall Festivals and Foliage, Expects Rush of Tour...

Fall in New England has always attracted crowds of hikers, bikers, zipliners, wine-drinkers, leaf-peepers, shopaholics, and anyone simply hoping to enjoy the crisp autumn air. However, over the past few years, seasonal sales have been better than ever. Some believe the region’s success can be linked to a growing interest in fall-themed festivals...

How Legislation Is Fighting Airbnb in Massachusetts

Airbnb is an online community that connects short-term renters to people with space to rent. The company began in 2008 as “Air Bed and Breakfast” and was imagined after its founders rented out airbeds in their home. Six years since its humble beginning, Airbnb has shortened its name and inflated its offerings to include small rooms for...

Common Core Standards Are Questioned in Massachusetts Educat...

  A spirited group of MA citizens, End Common Core MA, hopes to eliminate Common Core standards from the commonwealth’s education system. The MA state attorney general has officially declared the potential vote to be constitutional—a significant leap toward End Common Core MA’s goal. The group’s next (grueling) step is to gather 65,000...

How the Massachusetts Economy Is Weathering China’s Recessio...

China’s economic slowdown has affected countries around the world; many economies rely heavily on exports to China. In the United States, Massachusetts companies have begun to feel the impacts of China’s declining manufacturing industry. China’s Manufacturing Decline Causing Losses for MA Businesses In early September, several Massachusetts-based...

Worcester Named Most Business-Friendly City in Massachusetts

Massachusetts Small Businesses Make a Remarkable Turnaround in Just a Year Business confidence in Massachusetts cities continues to grow . . . and you may not believe which city is at the top of the list. A recent survey of small business owners in New England ranked Worcester, Massachusetts, as the most business-friendly city in the state. When...

MA Craft Beer Industry Pours Money Into the Massachusetts Ec...

According to a report compiled by John Dunham & Associates, more than 25,900 new jobs in the commonwealth could be directly attributed to the the growing MA craft beer industry. Not only has craft brewing brought a rush of jobs into Massachusetts, it has generated over $2.5 billion in sales and taxes for the commonwealth. MA Craft Breweries:...

Massachusetts Startup Creates Database to Connect Manufactur...

While experts have regularly acknowledged the decline of the manufacturing industry in America, they have done very little to reverse it. An innovative, new-business incubator in Somerville, MA is starting to take steps in a better direction. Greentown Labs—A Manufacturing and Technology Incubator Greentown Labs assists other startups in the...

Massachusetts Confidence Index Offers Promising Data

Stemming the tide of declining confidence in the Massachusetts economy for the first time in three months, employers indicated that they had a more positive view of the state’s economic outlook during the month of July. The Associated Industries of Massachusetts Confidence Index, which serves as a barometer of local business activity, increased...

Massachusetts Looks to Regulate Short-Term Rentals

The “sharing economy” has taken the United States by storm. In less than a decade, companies such as Uber, Handy, and Airbnb have become well-known brands and, in some places, market leaders. But the laws regulating these companies and their users can often seem like a gray area. Now some lawmakers are taking a close look to see if it’s...

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