Economy

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Business Confidence Plummets

Budget, Tax, & Finance Economy News | April 7, 2020

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 […]

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Thank You

Economy News | April 3, 2020

“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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Manufacturers – Can You Make Personal Protective Equipment?

Economy News | March 29, 2020

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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What’s in the $2 Trillion Federal Disaster Relief Package?

Economy News | March 25, 2020

(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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AIM Expresses Support for Administration Steps to Contain Pandemic

Economy News | March 24, 2020

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 Orders Non-COVID-19 Essential Businesses to Close

Economy News | March 23, 2020

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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Here’s What COVID-19 Means for International Trade

Economy International News | March 23, 2020

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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Glimmers of Hope in the Age of COVID-19

Economy News | March 23, 2020

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 […]

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Business Leaders Issue Joint Statement on COVID-19

Economy News | March 18, 2020

The 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 […]

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White House Seeks Help from Manufacturers

Economy News | March 18, 2020

The 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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