Budget, Tax, & Finance

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Regan: Priority for Massachusetts is Economic Recovery

Budget, Tax, & Finance Economy HR & Employment Law News | January 22, 2021

The unprecedented upheaval of 2020 will change the way we live and work for years to come, AIM President and Chief Executive Officer John Regan said Friday. Regan punctuated the annual State of Massachusetts Business Address with a call for state policymakers to support the recovery of an economy that remains fragile in the wake of […]

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Here’s a Summary of the Legislature’s 2019-2020 Session

Budget, Tax, & Finance Economy Energy Health Care Costs HR & Employment Law News | January 11, 2021

The Massachusetts Legislature ended an extended 2019-2020 session on January 5 having passed significant laws dealing with everything from economic development to transportation to health care. What will the new laws mean to employers? And how will they influence the ability of the commonwealth’s economy to recover in the wake of the COVID-19 pandemic? The […]

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Legislature Passes Economic Development, Transportation Bills

Budget, Tax, & Finance Economy News | January 6, 2021

The Massachusetts Legislature wrapped up its two-year session near sunrise this morning by passing both a $626 million economic development bill and a $16.5 billion transportation bond measure that, due to aggressive advocacy by AIM and others, did not raise corporate minimum taxes. The flurry of activity ended the COVID-dominated 2019-2020 session without any broad-based […]

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Speaker Mariano Provides Stable Transition on Beacon Hill

Budget, Tax, & Finance News | January 3, 2021

The election of Ronald Mariano as Speaker of the Massachusetts House of Representatives provides a welcome dose of stability to employers at a time of unprecedented uncertainty. The Quincy Democrat, elected Wednesday after former speaker Robert DeLeo took a job at Northeastern University, brings a moderate and diligent approach to one of the three top […]

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Governor Announces New Capacity Restrictions

Budget, Tax, & Finance Economy News | December 22, 2020

Today Governor Baker announced new temporary orders to reduce capacity across many businesses to 25% from the current 40% for most businesses (See graph below).  The new orders go into effect at 12:01 December 26, 2020 and will remain in place until noon on January 10, 2021.    The Governor also announced a new order related to gatherings, impacting residential, public and business gatherings, to no more than 10 people for inside gatherings and 25 people […]

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Stimulus Bill Would Re-Invigorate PPP; Clarify Tax Status

Budget, Tax, & Finance Economy News | December 21, 2020

Congressional negotiators announced agreement Sunday on a $900 billion COVID-19 economic relief package, delivering help to businesses and individuals and providing money to deliver newly approved vaccines. Lawmakers plan to vote on the stimulus legislation today. AIM will continue to monitor the action by Congress to advance this legislation. The agreement follows several months of […]

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Legislature Avoids Broad-Based Tax Increases in Proposed Budget

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

Editor’s Note – The following article was written by Brad MacDougall, Senior Vice President of Government Affairs at AIM, and Vasundhra Sangar, Associate Vice President. The Massachusetts Senate and House of Representatives voted to pass a compromise version of the Fiscal Year 2021 (FY21) state budget on Friday afternoon. AIM applauds the Legislature’s decision not […]

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Governor: COVID Case Increase Coming from Gatherings, Not Businesses

Budget, Tax, & Finance Economy News | November 13, 2020

Rising COVID-19 cases in Massachusetts are coming largely from informal social gatherings like game nights and barbecues, not from workplaces or schools, Governor Charlie Baker said this morning. The governor told more than 600 business leaders gathered virtually for the AIM Executive Forum that Massachusetts employers have brought hundreds of thousands of people back to […]

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Economic Recovery Plan to Aid Small Business

Budget, Tax, & Finance Economy News | October 22, 2020

The Baker Administration announced a $774 million economic recovery plan today that includes $115 million in new money to support workforce training and Main Street small businesses affected by the COVID pandemic. Beginning today, small businesses may apply for $50.8 million in grants made available through the Massachusetts Capital Growth Corp. at https://www.empoweringsmallbusiness.org/. Companies have […]

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New Survey Underscores Fragile Nature of Massachusetts Economy

Budget, Tax, & Finance News | October 20, 2020

A new Associated Industries of Massachusetts survey of Massachusetts employers tells the story of businesses in the state and underscores the uniquely fragile nature of the economy. AIM polled more than 300 businesses and heard from companies of all sizes, and from all industries and locations. What we heard from the Berkshires to Boston, from […]

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