Economy

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Road to Recovery News 2021

Economy Health Care Costs HR & Employment Law News | November 30, 2021

State and federal governments continue to address the medical and economic consequences the COVID-19 issue. Here is a summary for employers. If you have questions regarding these or other public policy issues, please contact a member of the AIM Government Affairs Team. Schedule Tuesday November 30  Joint Committee on Veterans and Federal Affairs-Veteran Benefits-1:00pm-Virtual Hearing-https://malegislature.gov/Events/Hearings/Detail/4107 Joint […]

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Six Companies Earn 2021 Next Century Awards

Economy News | November 29, 2021

Six Massachusetts companies that found ways to succeed and serve their communities during the COVID-19 pandemic have been honored with AIM Next Century Awards for 2021. The honorees include a retail dry cleaning company that worked with employees to avoid layoffs; a financial institution that worked long hours to process Paycheck Protection Program loans; and […]

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Congratulations to the Top Women-Owned Businesses

Economy News | November 5, 2021

Associated Industries of Massachusetts congratulates 14 member employers named today to the 2021 Top 100 Women-Led Businesses list released today by The Commonwealth Institute and The Boston Globe. Two of the companies are led by AIM officers – Morgan Memorial Goodwill Industries of Boston, Joanne Hilferty, President and CEO; and Onyx Specialty Papers of South […]

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Business Confidence Drifts Lower

Budget, Tax, & Finance Economy News | October 31, 2021

Confidence among Massachusetts employers drifted lower during October, dampened by a slowing state economy and a persistent labor shortage. The Associated Industries of Massachusetts Business Confidence Index (BCI) declined five-tenths of a point to 58.4 last month. The Index remains 12.2 points higher than a year ago but now sits at its lowest level since […]

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Business Confidence Weakens in September

Economy News | October 6, 2021

Increasingly severe shortages of workers and critical supplies drove Massachusetts business confidence lower for a second consecutive month during September. The Associated Industries of Massachusetts Business Confidence Index (BCI) declined 3.1 points to 58.9 last month. The Index has now slipped 6.7 points since hitting a three-year high during July, though it remains 12.3 points […]

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Economic Secretary Presses Priorities for Federal Funds

Budget, Tax, & Finance Economy News | September 25, 2021

The top economic official in the Baker Administration urged the Legislature Friday to approve the governor’s plan to spend $2.9 billion from federal stimulus funds on housing, job training and other economic-recovery initiatives. Secretary of Housing and Economic Development Mike Kennealy said in a speech to the AIM Executive Forum that the $5.3 billion Massachusetts […]

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Hispanic-Americans Play Growing Role in the Economy

Economy News | September 16, 2021

Editor’s Note: Eduardo Crespo, an immigrant from Ecuador, is a bilingual/bi-cultural professional and founder/CEO of AIM member Hispanic Market Solution, Lawrence. President George H. W. Bush proclaimed the first Hispanic Heritage Month on September 14, 1989, to honor the achievements of Hispanic Americans. September 15 was chosen as the date of commemoration because it is […]

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Collaboration Seeks to Address Loss of Women from the Workforce

Economy News | September 12, 2021

Associated Industries of Massachusetts and the Boston Women’s Workforce Council today announced a collaboration to help employers stem the staggering loss of women from the workforce during the COVID-19 pandemic. The project will work with Massachusetts employers to develop policies that encourage women and other caregivers to return to the workforce. The two organizations will […]

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Government Issues Vaccine Mandate for Large Employers

Economy HR & Employment Law News | September 9, 2021

Private employers with 100 or more workers will be required to mandate COVID-19 vaccines or weekly testing under a rule announced this afternoon by President Joe Biden. The rule, which will be issued in the next several weeks through the Occupational Safety and Health Administration (OSHA), could impact as many as 80 million workers. Companies […]

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COVID, Worker Shortages Dampen Business Confidence

Economy News | September 6, 2021

Resurgent COVID-19 cases, persistent worker shortages and supply chain disruptions combined to dampen business confidence in Massachusetts during August. The Associated Industries of Massachusetts Business Confidence Index (BCI) declined 3.6 points to 62.0 after hitting a three-year high during July. The BCI remains 16 points higher than a year ago. Employers grew less optimistic last […]

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