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Business Confidence Weakens in September

Business Confidence Weakens in September

Economy News | October 6, 2021

Increasingly severe shortages of workers and critical supplies drove Massachusetts business confidence lower for a second consecutive month during September. The Associated Industries of Massachusetts Business Confidence Index (BCI) declined 3.1 points to 58.9 last month. The Index has now slipped 6.7 points since hitting a three-year high during July, though it remains 12.3 points […]

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Economic Secretary Presses Priorities for Federal Funds

Economic Secretary Presses Priorities for Federal Funds

Budget, Tax, & Finance Economy News | September 25, 2021

The top economic official in the Baker Administration urged the Legislature Friday to approve the governor’s plan to spend $2.9 billion from federal stimulus funds on housing, job training and other economic-recovery initiatives. Secretary of Housing and Economic Development Mike Kennealy said in a speech to the AIM Executive Forum that the $5.3 billion Massachusetts […]

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Hispanic-Americans Play Growing Role in the Economy

Hispanic-Americans Play Growing Role in the Economy

Economy News | September 16, 2021

Editor’s Note: Eduardo Crespo, an immigrant from Ecuador, is a bilingual/bi-cultural professional and founder/CEO of AIM member Hispanic Market Solution, Lawrence. President George H. W. Bush proclaimed the first Hispanic Heritage Month on September 14, 1989, to honor the achievements of Hispanic Americans. September 15 was chosen as the date of commemoration because it is […]

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Collaboration Seeks to Address Loss of Women from the Workforce

Collaboration Seeks to Address Loss of Women from the Workforce

Economy News | September 12, 2021

Associated Industries of Massachusetts and the Boston Women’s Workforce Council today announced a collaboration to help employers stem the staggering loss of women from the workforce during the COVID-19 pandemic. The project will work with Massachusetts employers to develop policies that encourage women and other caregivers to return to the workforce. The two organizations will […]

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Government Issues Vaccine Mandate for Large Employers

Government Issues Vaccine Mandate for Large Employers

Economy HR & Employment Law News | September 9, 2021

Private employers with 100 or more workers will be required to mandate COVID-19 vaccines or weekly testing under a rule announced this afternoon by President Joe Biden. The rule, which will be issued in the next several weeks through the Occupational Safety and Health Administration (OSHA), could impact as many as 80 million workers. Companies […]

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COVID, Worker Shortages Dampen Business Confidence

COVID, Worker Shortages Dampen Business Confidence

Economy News | September 6, 2021

Resurgent COVID-19 cases, persistent worker shortages and supply chain disruptions combined to dampen business confidence in Massachusetts during August. The Associated Industries of Massachusetts Business Confidence Index (BCI) declined 3.6 points to 62.0 after hitting a three-year high during July. The BCI remains 16 points higher than a year ago. Employers grew less optimistic last […]

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Slow Phase-Out of Combined Heat and Power Incentives

Slow Phase-Out of Combined Heat and Power Incentives

Energy News | August 30, 2021

Associated Industries of Massachusetts is calling on state energy officials to slow the reduction of financial incentives for a tool that many AIM-member companies use to control their energy costs. The statewide business association argued in recent comments to the Massachusetts Department of Energy Resources (DOER) that the proposed pace of reducing subsidies for Combined Heat and Power (CHP) […]

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Boston Businesses Open to the Public Face Mask Mandate

Boston Businesses Open to the Public Face Mask Mandate

Economy HR & Employment Law News | August 24, 2021

Employees and customers of Boston businesses that are open to the public – including restaurants and retail establishments – will be required to wear masks beginning Friday under a new mandate imposed by Acting Mayor Kim Janey.  The mandate is part of the city’s “Five-Point Plan for the Delta Variant” and was issued in response […]

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Governor Proposes Using $1 Billion for Unemployment System

Governor Proposes Using $1 Billion for Unemployment System

Budget, Tax, & Finance HR & Employment Law News | August 18, 2021

Governor Charlie Baker today proposed to use $1 billion of a budget surplus from last fiscal year to pay down the deficit in the state unemployment insurance system. The governor characterized the payment as a first step toward addressing an estimated $5 billion gap in the state fund used to pay jobless claims. Associated Industries […]

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New Leaders Set Direction for AIM Board of Economic Advisors

New Leaders Set Direction for AIM Board of Economic Advisors

Economy News | August 16, 2021

The Associated Industries of Massachusetts Board of Economic Advisors, which oversees the monthly AIM Business Confidence Index (BCI), has new leadership as the Index marks its 30th anniversary. Sara L. Johnson, Executive Director of Global Economics at London-based IHS Markit, has been named Chair of the 13-member Board of Economic Advisors. Michael A. Tyler, CFA, […]

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