Mass Business Blog

News and Perspectives on Massachusetts Business and Economy

Massachusetts’ Unemployment Rate Lowest In 7 Years

The Executive Office of Labor and Workforce Development (EOLWD) announced Thursday that Massachusetts unemployment fell from 4.9% in February to 4.8% in March. This is the lowest unemployment figure since February of 2008. The “Great Recession” drove Massachusetts’ unemployment to a high...

Read More

recent posts

Report: Massachusetts One of Top ‘Middle Market’...

The Middle Market Power Index from American Express and Dun & Bradstreet reports that Massachusetts has 3,963 middle market companies with annual revenues between $10 million and $1 billion. This translates to just a bit over one-percent of all businesses in the Commonwealth. According to the report, this ranks fourth in the country in terms...

Some MA Business Owners Urging Delay of Sick Time Law

In November of 2014, by a margin of 19 percent, voters in Massachusetts clearly expressed their wishes that a statewide provision be implemented requiring all employers to offer sick time. Every employer in the state will soon be required to offer either paid or unpaid sick time, depending on their number of employees. In each case, employees...

Worcester Chamber Lists Annual Business Award Winners

The Worcester Regional Chamber of Commerce announced their list of local business award winners, all of whom will be honored at a special ceremony commencing at 4:00 p.m. on May 14, 2015, at The Haven Country Club in Boylston. The Richard B. Kennedy Business of the Year award goes to Imperial Distributors, located in Worcester and Auburn, a...

Massachusetts’ Unemployment Rate Lowest In 7 Years

The Executive Office of Labor and Workforce Development (EOLWD) announced Thursday that Massachusetts unemployment fell from 4.9% in February to 4.8% in March. This is the lowest unemployment figure since February of 2008. The “Great Recession” drove Massachusetts’ unemployment to a high of 5.9% in March 2014. The labor force...

Raytheon buys 80% of Websense for $1.9 billion

In an effort to improve its cyber-protection technology, Waltham-based Raytheon has reached agreement with private-equity firm Vista Equity Partners LLC  to acquire an 80 percent share of Websense Inc. for $1.9 billion. Vista acquired Websense two years ago for about $990 million. Raytheon plans to integrate Websense into its existing  Raytheon...

Advanced Manufacturing Report Urges a Change in Public Perce...

The New England Council released a report on Wednesday that urged for increased training for advanced manufacturing workers throughout New England. At the same time, they recommended changing the public’s view of these industries by focusing on its safety. The report, titled “Advanced to Advantageous,” identifies influential...

Baker Being Urged to Replace MBTA Board

Based on findings recently  issued  by a panel he appointed in February to investigate blizzard-related system shutdowns, Governor Charlie Baker is now being urged to find new leadership for the beleaguered MBTA. including asking for the resignations of the entire MassDOT Board of Directors. In a press conference, Baker stated there was a need to...

Spaulding Closing Salem Location

Administrators at Spaulding Hospital have announced that it will shut down The Spaulding Hospital for Continuing Medical Care North Shore’s inpatient operations by the end of September 2015, with the hospital saying that new federal regulations will severely impact patient volume. Approximately 320 people are scheduled to be laid off because of...

Boston to Investigate Gender Wage Gap

On Tuesday, Boston Mayor Martin J. Walsh jumped head first into the bickering swirling around the issue of the gender wage gap. He did so by announcing that the city is getting set  to study the wages of male and female employees at dozens of  local companies. This is the first attempt by any major U.S. city to quantify the gender wage gap by...

Coffee is… GOOD FOR YOU??

Over 50% of the American adult population drink coffee daily. The next time you feel bad about making your fourth trip to the break room in two hours, allow yourself to bypass the guilt of relying so heavily on the bean and remind yourself that your caffeine habit (it’s totally not an addiction) could actually be doing some good for your...

Berkshire County Rep. Proposes Change to Minimum Wage for Ti...

Representative Tricia Farley-Bouvier of Berkshire County, Massachusetts has presented a bill that, if passed, would gradually increase the minimum wage for tipped workers in the state until they are paid the same as other minimum wage workers. This is an addition to the current law, which will increase minimum wage for tipped workers to $3.75 per...

Gains Reported in State’s Human Services Sector

A new research study released by the Donahue Institute at the University of Massachusetts in conjunction with UMass Dartmouth has revealed that human services sector employment in the Bay State increased nearly 48 percent during the years spanning 2003-2011, a fact many in the industry will surely find to be a source of encouragement. In...

WPI Introduces Data Tool to Evaluate Massachusetts’ Competit...

Worcester Polytechnic Institute has announced the development of a new system to help evaluate Massachusetts’ competitive position among leading technology states. The program has been dubbed the Massachusetts’ Technology, Talents and Economic Reporting System (MATTERS). MATTERS is an online system that consolidates a collection of...

GE Prepares for Marlborough Site Summer Launch

General Electric’s decision to move its Healthcare Life Science division from New Jersey to Marlborough was initially met with tempered enthusiasm by those gauging its economic impact on the region. However, recent projections predict that the center will employ over 500 full time employees no later than 2017. Luckily for the already stressed...

Study Says a Carefully Planned Boston Olympics Could Bring i...

As Boston prepares its bid for the 2024 Summer Olympic Games, supporters and detractors have come out of the woodwork. However, according to a study done by The Boston Foundation and the UMass Donahue Institute, the Olympics could bring up to $4 billion to the state’s economy. According to the study, the bulk of the revenues generated would come...