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...

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...

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...

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...

MA Welcomes Fall Festivals and Foliage, Expects Rush of Tourism

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...

Common Core Standards Are Questioned in Massachusetts Education

  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...

How the Massachusetts Economy Is Weathering China’s Recession

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...

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...

MA Craft Beer Industry Pours Money Into the Massachusetts Economy

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...

Massachusetts Startup Creates Database to Connect Manufacturers

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...

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...

Millennials and Money: Where Financial Literacy Failed

Looking back on your high school days, you probably remember lessons like long division or the day you finally mastered a cursive “Q.” But what about the class where you learned to balance a checkbook? Or apply for a car loan? While Baby Boomers were more likely to reap the benefits of a home economics...

Public Housing Pushes Residents Toward A Better Life

Ray Mariano, executive director of the Worcester Housing Authority (WHA) and former four-term mayor of Worcester is on a mission to point individuals and families currently residing in public housing toward “A Better Life.” A Better Life (ABL) ABL is a program designed to encourage upward mobility for...

The Push for a Graduated Income Tax in Massachusetts

Raise Up Massachusetts, a coalition representing religious leaders, liberal community organizers, and unions, is advocating a constitutional amendment to raise income taxes on the state’s wealthiest residents. The proposal, which would affect those earning more than $1 million annually, would...

Massachusetts Tanning Ban Has Teens Seeing Red

Massachusetts legislators have initiated a push to make it illegal for teens under the age of 18 to use or operate tanning beds. A bill requiring tanning salon employees and patrons to be 18 or older, An Act Further Regulating Tanning Facilities, was passed without contest in the Massachusetts House last...

What’s Really at Stake in the Verizon Union Strike?

Verizon unions along the East Coast are at their wits’ end with the company due to lengthy negotiations over cost cutting measures that they believe will threaten their job security. The old contract had expired as of August 1st, but no work stoppage has been initiated yet. If talks continue in the same...

Massachusetts Cracks Down on Misclassified Independent Contractors

Economic growth and the power of the Internet have ignited rapid proliferation of startup companies across the US. Services like Uber have typically been filling their ranks with drivers who are employed as independent contractors rather than full employees. However, in Massachusetts the law regarding the...

TechSandBox Targets Unusual Demographic of Entrepreneurs with the Techubator

Hopkinton may soon be the home to a new start-up program for entrepreneurs, inviting not at the expected demographic of up-and-coming Millennials, but rather their parents, to join the startup revolution. This bucolic haven, snuggled in a collection of small communities and serene lakes, might not seem like...

Massachusetts Wealth is No Accident

This year has been a period of positive growth for the bay state. Unemployment has declined to a low of 4.8% as of March and current economic reports show that we are no longer in a recession. With just under 7 million workers at its disposal and a growing economy in many industries, the highly productive...

Solar Debate Heats Up As Massachusetts Raises Net Metering Cap

The Massachusetts Senate convened last week and responded to on-going pressure by solar supporters with a vote to raise the solar power net metering cap. Net metering, part of the incentives offered to consumers to encourage clean energy development, allows utility users to sell their excess energy back to...

Massachusetts Economic Growth Is an Encouraging Sign for Businesses

At the recent Economic Summit breakfast, hosted by Randolph Savings Bank, economic expert Dr. Elliott Eisenberg confidently declared that the state of Massachusetts is not in a recession. Corroborating data shows that since the beginning of 2015, Massachusetts economic growth is moving at a steady pace that...

MA Legislature Reaches Compromise on Tax Policy

Massachusetts Governor Charlie Baker reached a compromise with Massachusetts legislature and state business leaders last week regarding the earned income tax expansion. Presently, the state earned income tax credit is 15 % of the federal tax credit. The compromise will raise that percentage to 23%, or...

Piranha Pond Investing Opportunity—Entrepreneurs Latch On

Hopeful entrepreneurs and established businesses are always looking for more money to develop and expand. Finding investors through pitching to “angels” has become a popular way to make the connections necessary to learn the ropes and get the money necessary to make it big with a great idea. When it comes...

US Oil Fracking: Friend or Foe?

At least two decades of market uncertainty have kept Americans worried about the future of production costs and world market dominance. Fracking in the American Plains and middle regions have influenced a huge transition from complete reliance on near-Asian production, to the re-emergence of US-based goods...

Massachusetts Gambles on Casinos for Economic Pay Day

Last week marked the opening of the Plainridge Park Casino, the first of potentially many new slot parlors in the state of Massachusetts. Doors officially opened on Wednesday to an eager herd of gamblers, including several special guests and state gambling regulators. The grand opening took place amongst a...

Relaxed Regulations on Food Trucks Could Be Driving Up Business in Worcester

Massachusetts, and Worcester in particular, is a place known for embracing the American Dream in all its many forms. Now, the Worcester city administrators are looking at changing the rules governing one particular form of the big dream. Food trucks are a novel interpretation of American entrepreneurship,...

Worcester Businesses Meet to Discuss Growth and Regulation

Four local business leaders met in Worcester recently to discuss the fact that the city is growing at a phenomenal rate, despite the tight rein of regulations on business in the area. The discussion, which was named “Acting Locally”, was hosted by the Worcester Regional Research Bureau, and...

Stop & Shop and Hannaford – The Makings of an Arranged Marriage

The parent companies of regional grocery giants Stop & Shop and Hannaford have been looking into combining their operations under one umbrella for quite some time, but they may have a small roadblock in that plan – the Commonwealth of Massachusetts. The shareholders of Royal Ahold and the Delhaize...

Top CEO Salaries in Massachusetts

A current hot topic in the media is the growing gap between CEO and average workers’ salaries. In Massachusetts, the average CEO made 97 times the average worker’s salary. This data comes from “Executive Paywatch: High Paid CEOs and the Low Wage Economy,” published by the American Federation of Labor...

New England States Explore Energy Alternatives

Energy is expensive everywhere. However, while it may not be widely known elsewhere around the country, it is certainly no secret to those of us living here in Massachusetts that the commonwealth ranks as one of the most expensive when it comes to energy costs. With this in mind, state legislators and...

Report: Massachusetts One of Top ‘Middle Market’ States

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,...

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...

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...

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