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 […]
Read More“The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity.” Ulysses S. Grant I thought of President Grant’s “friend in adversity” comment last week as […]
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If your manufacturing company could potentially contribute to making personal protective equipment (PPE) for the health-care professionals fighting COVID-19, state officials want to hear from you. Frustrated by what Governor Charlie Baker called a “messy thicket” of issues impeding efforts to get masks, surgical gowns and other protective items to doctors, nurses and EMTs, the […]
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(This article will be updated as events develop during the day) The Senate and White House have reached agreement on a $2 Trillion economic stimulus bill. The measure is expected to inject money into the economy, providing tax rebates, four months of expanded unemployment benefits and a slew of business tax-relief provisions aimed at shoring up […]
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Associated Industries of Massachusetts (AIM) today expressed support for Governor Charlie Baker’s order closing non-essential workplaces, even while acknowledging the economic burden that the order is placing on the organization’s 3,500 members and their employees. The order, which takes effect at noon today, requires all businesses and organizations that do not provide “COVID-19 Essential Services” […]
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Governor Charlie Baker issued an emergency order requiring all businesses and organizations that do not provide “COVID-19 Essential Services” to close their physical workplaces and facilities to workers, customers and the public as of Tuesday, March 24 at noon until Tuesday, April 7 at noon. These businesses are encouraged to continue operations remotely. The Baker-Polito […]
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COVID-19 is affecting international trade. Here’s an update on the United States-Mexico-Canada Agreement (USMCA), air freight, tariffs, Buy American, DPA, export restrictions and China’s recovery. USMCA—The US Trade Representatives informed Congress that the USMCA (new NAFTA) will come into force June 1. This ten-week time frame is ambitious and and is causing concern, particularly among […]
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It is said that crisis doesn’t change people. It reveals them. Massachusetts employers are creating glimmers of hope amid the COVID-19 crisis even as they wrestle with daily questions about how to pay their employees and lingering uncertainty surrounding the future of their companies. The Massachusetts business community has launched an unprecedented response to the […]
Read MoreThe Massachusetts business community issued the following joint statement today on the COVID-19 situation: As businesses and families across the country continue to be impacted by the disruptions brought by COVID-19, we have been encouraged to see business leaders from across the Commonwealth and the country step up to take care of their employees, and […]
Read MoreThe White House is reaching out to U.S. manufacturers to identify their capabilities to help the United States during the COVID-19 crisis. The administration is seeking volunteers who can donate and provide and/or produce within two weeks large-scale quantities of critical supplies to help the nation respond to the COVID-19 pandemic. AIM and its partners […]
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