Economy

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Reflections on the Juneteenth Holiday

Economy HR & Employment Law News | June 17, 2021

Associated Industries of Massachusetts and the commonwealth’s business community join with our fellow citizens in celebrating the first official state observance of Juneteenth, which commemorates the day in 1865 that the last enslaved people held in Galveston, Texas learned of their freedom, two years after President Abraham Lincoln issued the Emancipation Proclamation. The day is […]

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Governor Signs Extension of Some COVID Policy Provisions

Budget, Tax, & Finance Economy News | June 15, 2021

Governor Charlie Baker signed a bill this morning that extends several policy provisions adopted during the COVID-19 public health State of Emergency. The measure addresses provisions that expired at the end of the official State of Emergency order yesterday. Visit the AIM Web Site The legislation will allow publicly traded companies in Massachusetts to continue […]

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Business Confidence Moved Higher in May

Economy News | June 6, 2021

An emerging economic recovery and good news about COVID-19 pushed business confidence slightly higher in Massachusetts during May. The Associated Industries of Massachusetts Business Confidence Index (BCI) rose 1.2 points to 61.9 last month leaving it almost 20 points higher than a year ago. Confidence levels remain comfortably in optimistic territory. The increase was the […]

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Income Surtax Would Be Grave Mistake for Massachusetts

Budget, Tax, & Finance Economy | June 4, 2021

The Massachusetts Legislature has scheduled a vote Wednesday to advance a massive income surtax on thousands of small and medium-sized businesses in the commonwealth. The tax is ill-considered and threatens to pull the plug on the nascent post-COVID economic recovery in the commonwealth. Lawmakers meeting in Constitutional Convention are expected to vote on a proposed […]

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Bringing People Back into the Workforce

Economy HR & Employment Law News | May 26, 2021

As the Massachusetts economy re-opens, employers across all sectors are struggling to fill job openings. The problem is a national one – even as the COVID-19 pandemic recedes, millions of Americans are not returning to work for a variety of reasons and employers cannot meet their hiring needs. In a survey conducted by Associated Industries of Massachusetts in late March, […]

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Massachusetts Reinstates Work-Search Requirement for Unemployment

Economy HR & Employment Law News | May 20, 2021

Massachusetts next month will reinstate the requirement that people who collect unemployment benefits must actively search for a job, a move that is expected to draw more people into the workforce. Governor Charlie Baker today rescinded an emergency regulation that had previously waived the work-search requirement. Starting June 13 claimants collecting unemployment will be required […]

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State to Lift COVID Business Restrictions on May 29

Economy News | May 17, 2021

Massachusetts will remove all pandemic-related business restrictions on the Saturday before Memorial Day, effectively ending a 14-month state of emergency that restricted wide swaths of the commonwealth’s economy as part of an effort to moderate the COVID-19 pandemic. Governor Charlie Baker announced this morning that improving vaccine and public-health numbers make it possible to lift […]

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Commerce Secretary: Infrastructure Plan Will Boost Competitiveness

Budget, Tax, & Finance Economy Energy News | May 14, 2021

The Biden Administration’s proposed $2 trillion American Jobs Plan will make historic investments in roads, bridges, broadband internet and other infrastructure that is key to US business competitiveness, Secretary of Commerce Gina M. Raimondo told the AIM Annual Meeting today. And while the administration is in “deep negotiations” with Congress over how to pay for […]

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Employers May Now Arrange Vaccines for Workers

Economy HR & Employment Law News | May 12, 2021

The Baker Administration announced today that Massachusetts employers may now arrange COVID-19 vaccines for their workers by either booking dedicated slots at vaccination sites or hosting on–site vaccine clinics.   Option 1: Group Appointment at Mass Vaccination Locations Employers may request a block of appointments at any of the commonwealth’s mass vaccination sites. Employers should fill out this form to reserve slots for their employees. Employers may help to register […]

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State Updates Key Dates for Tax-Relief Programs

Budget, Tax, & Finance Economy News | May 6, 2021

The Massachusetts Department of Revenue (DOR) today announced changes to the administrative tax relief provided to certain businesses in response to the COVID-19 pandemic.   Monthly filing and payment remittance will resume starting June 30, 2021 for vendors and operators and continue going forward starting with returns and payments for May, 2021 tax collections.   The department is also extending the previously announced deferral of regular sales tax, meals tax, and room […]

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