Economy

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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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Employer Confidence Remains Flat in October

Economy News | November 10, 2020

Massachusetts employers remained pessimistic during October amid conflicting signals from the economy and the COVID-19 pandemic. The Associated Industries of Massachusetts Business Confidence Index (BCI) lost four-tenths of a point to 46.2 last month, up from a low of 38.4 in April but still 14.7 points lower than a year ago. Overall business confidence was […]

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What a Biden Presidency Might Mean to Employers

Economy Energy HR & Employment Law International News | November 9, 2020

Joseph R. Biden, projected to become the 46th President of the United States, will take office at a singular moment in the history of a nation struggling to confront the convergence of a pandemic, an economic crisis and social upheaval. It’s also a singular moment for Massachusetts employers. The change of administrations in Washington will […]

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Could Employees Be the Next Owners of Your Company?

Economy HR & Employment Law News | November 5, 2020

Editor’s note: Daniel C. Kenary is Co-founder and CEO of Mass. Bay Brewing Company, Inc. (The Harpoon Brewery) and a former Board Chair of Associated Industries of Massachusetts. The crowd was unusually quiet and well-behaved for a Harpoon company meeting. It was a Wednesday afternoon in July 2014 in our Seaport Beer Hall.  The taps […]

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State to Mandate Face Coverings, Limit Gatherings and Some Business Hours

Economy News | November 2, 2020

Massachusetts will mandate face coverings, impose new restrictions on gatherings and limit the hours of some public-facing businesses as officials attempt to control rising cases of COVID-19. Governor Charlie Baker today announced what he called “targeted interventions” intended to keep schools open, the economy operating and the health-care system stable in the face of a […]

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Employers, Officials Cope with New Surge of Unemployment-Claim Fraud

Economy News | October 28, 2020

State officials and Massachusetts employers continue to deal with a surge of fraudulent unemployment insurance claims generated as part of a national scheme using stolen personal information to attempt to access jobless benefits. Criminal enterprises with access to stolen personal information from prior national data breaches have been taking advantage of the COVID-19 pandemic by […]

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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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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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Business Confidence Remains Flat in September

Economy News | October 5, 2020

Business confidence in Massachusetts was essentially flat during September as employers remained pessimistic about an economy that continues to struggle under the weight of the seven-month-old COVID-19 pandemic. The Associated Industries of Massachusetts Business Confidence Index (BCI) rose three-tenths of a point to 46.6 last month, up from a low of 38.4 in April but […]

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