Budget, Tax, & Finance

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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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Governor Unveils Budget with No Tax Increase

Budget, Tax, & Finance Economy News | October 14, 2020

Governor Charlie Baker today unveiled a $45.5 billion budget for Fiscal Year 2021 that balances the state’s books without increasing taxes on struggling businesses or individuals. The blueprint proposes to manage through the fiscal uncertainty caused by the COVID-19 pandemic by concentrating on stabilizing the economy, tapping the state’s reserve fund and anticipating federal relief […]

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Massachusetts Businesses Need Support – Not New Taxes

Budget, Tax, & Finance Economy News | October 9, 2020

Massachusetts policymakers face a stark choice as the Commonwealth struggles through the eighth month of the COVID-19 pandemic – support thousands of businesses and their workers hanging by a thread during the worst recession in almost a century or raise taxes and push those companies over the edge. The devastation brought about by the pandemic […]

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Employers Have Short Window to Challenge Unemployment Charges

Budget, Tax, & Finance Economy News | August 20, 2020

Associated Industries of Massachusetts today alerted members to keep an eye out for their unemployment benefit charge statements for the month of July 2020 and to file any protests to those charges within 30 days. According to the Massachusetts Department of Unemployment Assistance (DUA) all COVID-19 related benefit credits will be reflected on the July […]

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Legislature Set to Negotiate Key Issues during Extended Session

Budget, Tax, & Finance Economy Energy Health Care Costs HR & Employment Law News | August 7, 2020

The Massachusetts Legislature will attempt to reach consensus on multiple issues affecting employers – from health care to transportation to economic development – during a lawmaking session that has been extended for six months because of the COVID-19 pandemic. The state House of Representatives and Senate traditionally wrap up formal business on July 31 of […]

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Next Stimulus Must Stabilize Unemployment Insurance System

Budget, Tax, & Finance Economy News | July 27, 2020

The new economic stimulus bill being discussed by Congress and the White House must provide money to shore up the Massachusetts unemployment insurance system and invest in long-term transportation infrastructure projects that create jobs, Associated Industries of Massachusetts said this morning. The largest business association in Massachusetts also called for the federal government to adjust […]

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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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