Economy

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Administration Delays First-Quarter Unemployment Insurance Payments

Economy HR & Employment Law News | April 16, 2021

The Baker Administration today filed an emergency regulation pushing back the deadline for first-quarter unemployment insurance payments from April 30 until June 1, a move that will allow policy makers time to see if solutions exist to offset an unexpectedly high increase in solvency assessments. Employers will still be required to file their wage data […]

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New Commonwealth Fund Honored with Inaugural AIM Latimer Award

Economy News | April 14, 2021

Associated Industries of Massachusetts (AIM) today announced the creation of the Lewis Howard Latimer Award to be presented annually to a Massachusetts innovator, organization or business leader who has broken barriers to innovate and create economic opportunity. The award honors Lewis Latimer, a Chelsea-born Black inventor who in 1882 patented a method for the production […]

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AIM Urges Steps to Stabilize Unemployment Insurance System

Economy HR & Employment Law News | April 12, 2021

Associated Industries of Massachusetts last week again urged elected officials to use federal stimulus money to reduce the deficit in the state Unemployment Insurance Trust Fund as part of a broader effort to stabilize the unemployment system in Massachusetts.   Using some of the money the commonwealth will receive as part of the $1.9 trillion […]

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Business Confidence Surges in March

Economy News | April 5, 2021

As the battle to moderate COVID-19 continues, Massachusetts employers have become enthusiastic about the direction of the economy. The Associated Industries of Massachusetts Business Confidence Index (BCI) surged 4.5 points in March to 60.9, its highest level since the pandemic and consequent business restrictions went into effect a year ago. Confidence levels have increased 11.6 […]

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UI Freeze Represents Key Step for Economic Recovery

Economy HR & Employment Law News | April 2, 2021

Governor Charlie Baker yesterday signed a two-year Unemployment Insurance rate freeze, along with a tax benefit for small companies that borrowed money under the federal Paycheck Protection Program. The governor returned to the Legislature proposed changes to a COVID leave program for workers. The unemployment measure is great news for employers, who will avert a […]

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Senate President Seeks to Move State ‘Back to Better’

Budget, Tax, & Finance Economy Energy Health Care Costs HR & Employment Law News | March 26, 2021

Massachusetts Senate President Karen Spilka is inviting the business community to work with state lawmakers to create a post-pandemic future that is “back to better rather than back to normal.” The Ashland Democrat told the AIM Executive Forum this morning that the Senate has established several committees that will seek to re-imagine Massachusetts in areas […]

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AIM Congratulates Secretary of Labor Walsh

Economy HR & Employment Law News | March 22, 2021

The 3,300 member companies of Associated Industries of Massachusetts today congratulate former Boston mayor Marty Walsh on his Senate confirmation as United States Secretary of Labor.  Massachusetts and the nation are fortunate to have Secretary Walsh’s thoughtful and experienced leadership at the Department of Labor, an immensely important agency that oversees federal laws regarding occupational safety, wage-and-hour standards, unemployment and re-employment services. The department also […]

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State to Move to Phase 4, Step 1 Re-Opening

Economy News | March 18, 2021

Ballparks, arenas and indoor and outdoor stadiums will be able to open with a 12.5 percent capacity limit when Massachusetts moves to Phase 4, Step 1 of its economic re-opening plan next Monday, Governor Charlie Baker announced today. The state will also modify its previous travel testing order to an advisory and increase the gatherings […]

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State Expands Vaccine Eligibility

Economy HR & Employment Law News | March 17, 2021

Everyone in Massachusetts will be eligible to receive the COVID-19 vaccine by mid-April under a schedule announced this morning by Governor Charlie Baker. People 60 years of age and older, along with about 360,000 workers in a range of essential industries, will be able to get in line for shots starting Monday. Residents 55 years […]

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Business Confidence Picks Up Steam

Economy News | March 8, 2021

The recovery of business confidence in Massachusetts picked up steam during February, driven by surging optimism among employers in their own company prospects and an increasingly bullish outlook among manufacturers. The Associated Industries of Massachusetts Business Confidence Index (BCI) gained 4 points to 56.4 during a month marked by accelerating business re-openings and progress in […]

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