Budget, Tax, & Finance

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Employer Confidence Rises in June

Budget, Tax, & Finance Economy News | July 6, 2020

Business confidence continued to rebound during June as Massachusetts methodically re-opened its economy and COVID-19 cases surged elsewhere in the country. The Associated Industries of Massachusetts Business Confidence Index rose 6.9 points to 49.0, just a point shy of the level that denotes an optimistic outlook among employers. The increase, which came three months after […]

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Re-Opening Plan an Encouraging First Step

Budget, Tax, & Finance Economy News | May 18, 2020

Associated Industries of Massachusetts said today that Governor Charlie Baker’s four-phase plan marks an encouraging first step to re-opening state economy in a safe and efficient manner. The first phase of the four-stage re-opening plan will allow manufacturing and construction companies, along with houses of worship, to resume operations under a strict set of safety […]

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Closure of Non-Essential Businesses Extended Until May 18

Budget, Tax, & Finance News | April 28, 2020

Governor Charlie Baker today extended until May 18 the order requiring non-essential Massachusetts businesses to close their physical operations to limit the spread of COVID-19. It marked the second time the governor has extended the shutdown as the commonwealth continues to confront a surge of novel coronavirus cases and a simultaneous economic crisis that has […]

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You’ve Been Approved for a Paycheck Protection Program Loan. Now What?

Budget, Tax, & Finance Economy News | April 28, 2020

The Paycheck Protection Program, enacted under the Coronavirus Aid, Relief and Economic Security Act (CARES Act), is an extension of the Small Business Administration (SBA) 7(a) loan program, allowing financial institutions to provide federally backed, forgivable loans to eligible businesses.  The Paycheck Protection Program and loan forgiveness are intended to provide economic relief to small […]

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State Begins Accepting Unemployment Claims from Gig Workers

Budget, Tax, & Finance Economy HR & Employment Law News | April 20, 2020

The Executive Office of Labor & Workforce Development (EOLWD) announced that claimants were able to file for Pandemic Unemployment Assistance (PUA) beginning at 8:30 am today. PUA claimants can apply here.  The PUA is a program open to the following individuals: Self-employed individuals, including “gig” workers, freelancers, and independent contractors Those seeking part-time employment Claimants […]

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Surge of 1099 Jobless Filings Poses Risk for Employers

Budget, Tax, & Finance Economy HR & Employment Law International | April 15, 2020

An expected surge of unemployment insurance applications from independent contractors poses a significant legal threat to employers in Massachusetts and elsewhere. The federal CARES Act extends pandemic unemployment insurance benefits for the first time to independent contractors whose work has ceased or been substantially reduced by COVID-19. The problem, according to experts, is that many […]

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Business Confidence Plummets

Budget, Tax, & Finance Economy News | April 7, 2020

The Associated Industries of Massachusetts Business Confidence Index recorded the largest monthly drop in its history during March as the COVID-19 pandemic unraveled the global economy. Confidence dropped 21.9 points to 40.2 on a 100-point scale, moving the reading into pessimistic territory for the first time since October 2013. The largest monthly decline in confidence […]

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Here is Where We Stand on Transportation

Budget, Tax, & Finance News | January 31, 2020

Editor’s note – The following excerpts are from a letter than AIM sent on Wednesday to House Speaker Robert DeLeo outlining the association’s views on transportation. Brooke Thomson is Executive Vice President of Government Affairs at AIM, which represents 3,500 companies in all industries located throughout Massachusetts. AIM supports policies and responsible new investment to […]

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More Substance, Fewer Stunts in Education Debate

Budget, Tax, & Finance News | September 12, 2019

A so-called “beach party” set up outside the State House last week by education funding advocates was a disrespectful and frivolous stunt carried out by people who should instead be focused on the well-being and economic futures of Massachusetts schoolchildren. The point of the beach party, complete with beach balls and shaved ice with flavors […]

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An Open Letter to Raise Up Massachusetts

Budget, Tax, & Finance | August 26, 2019

Editor’s note – Raise Up Massachusetts, the coalition of community organizations, religious groups and labor unions behind the so-called “millionaires tax,” sent an open letter to legislators last week maintaining that “the current transportation and education funding crisis” is the responsibility of the business community. AIM President and CEO John Regan responds.

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