Archive for May, 2011

Report: Mass. recovery continues to outpace nation's

Thursday, May 26th, 2011

The Massachusetts economy continues to recover ahead of the nation due to the strength of the state’s education, health care, and high-technology sectors, yet many people continue to struggle, the University of Massachusetts reported today.

A key element of the state’s recovery has been a rise in exports to other countries, including Germany, China, and India, largely due to a relatively weak dollar, the report said.

“Overall it’s good news, we’re moving in a positive direction,” said UMass Dartmouth public policy professor Michael Goodman, co-editor of MassBenchmarks, the UMass journal that released the analysis. “But there are still troubling imbalances.”

The quarterly report is based on an assessment of conditions by the journal’s editorial board, which comprises economists from several Massachusetts universities and the Federal Reserve Bank of Boston. The recovery, the economists said, has been slow and uneven, and the state continues to struggle with a moribund housing market and persistent long-term unemployment. Read More.

Report: Mass. recovery continues to outpace nation’s

Thursday, May 26th, 2011

The Massachusetts economy continues to recover ahead of the nation due to the strength of the state’s education, health care, and high-technology sectors, yet many people continue to struggle, the University of Massachusetts reported today.

A key element of the state’s recovery has been a rise in exports to other countries, including Germany, China, and India, largely due to a relatively weak dollar, the report said.

“Overall it’s good news, we’re moving in a positive direction,” said UMass Dartmouth public policy professor Michael Goodman, co-editor of MassBenchmarks, the UMass journal that released the analysis. “But there are still troubling imbalances.”

The quarterly report is based on an assessment of conditions by the journal’s editorial board, which comprises economists from several Massachusetts universities and the Federal Reserve Bank of Boston. The recovery, the economists said, has been slow and uneven, and the state continues to struggle with a moribund housing market and persistent long-term unemployment. Read More.

Brown pushes job creation in op-ed

Thursday, May 26th, 2011

Senator Scott Brown pushed a multi-pronged approach to job creation today in an op-ed column for the Worcester Telegram & Gazette.

The Massachusetts Republican called for congressional approval of trade agreements, boosting education, and promoting job re-training are all elements of the plan.

“This year, I have worked across the aisle on a targeted approach to boost our economy,” Brown wrote. “As your senator, and a member of the Senate’s Manufacturing Task Force, I will continue to look for common sense economic policies that help create jobs. With the passage of these trade agreements, we can start to tear down some of the barriers holding us back.” Read More.

Parts from Mass. firms make gadget boom whole

Tuesday, May 24th, 2011

Massachusetts doesn’t make the iPhone. But this is where chips are made that make it ring. Read More.

Deval Patrick Says Lowering Health Care Costs Critical To Economic Recovery

Monday, May 16th, 2011

Deval Patrick said at a legislative hearing on Monday that lowering health care costs in Massachusetts is crucial to the economic recovery of the state.

Monday’s hearing concentrated on Patrick’s bill, proposing that the state move away from a “fee-for-service” model for health care payments and toward a system that rewards providers for healthier patient results. Read More.

Malloy to unveil new jobs plan Tuesday

Monday, May 16th, 2011

Governor Dannel P. Malloy will announce a new jobs initiative at the UConn Health Center Tuesday at 11:30 a.m. A press release from the governor’s office said, “The proposal, which will help Connecticut become a leader in the bioscience industry, will create jobs now, sustain economic growth going forward, and spur innovation in the future.” Read More.

Pharmaceutical co. to add jobs in RI

Monday, May 16th, 2011

SMITHFIELD, R.I. (WPRI) – A bio-pharmaceutical company is expanding its local manufacturing plant – a move expected to bring new jobs to Rhode Island. Governor Lincoln Chafee and other state officials attended a special groundbreaking ceremony at the Alexion Pharmaceuticals Plant in Smithfield Monday morning. The Connecticut-based company is adding 20,000 square feet of laboratories and office space to the Smithfield plant. Read More.

Rollinsford oil reprocessing facility 80% complete; First one in New England

Sunday, May 15th, 2011

ROLLINSFORD — Construction at Green View Technologies is about 80 percent complete and owners are excited their dream of creating New England’s first oil reprocessing facility has almost come to fruition.

Green View President Mark Wentworth, whose family owns Wentworth Greenhouses, said the state-of-the-art plant on Green View Drive will likely be completed in mid-to-late summer, something he and others involved in the project are eagerly awaiting. Read More.

Connecticut needs a “Plan J”

Friday, May 13th, 2011

The Governor announced his budget this week that he appropriately named “Plan B”, since the previous budget,  “Plan A” was slightly less than realistic. It’s great that Governor Malloy is encouraging his legislature to think about the budget, but we think they need to move on to “Plan J” where J stands for JOBS!

We know that there are many people who are willing to work but haven’t had the opportunity. We have to have the type of state that encourages investors, if we want businesses to rebuild here. We have plenty to offer in this great state, but we have to make sure that we continue to help ourselves by implementing job creating and sustaining legislation. So,  whatever we call the budget, let’s just make sure we remember that the number one thing we need, is jobs!

Irish Company Opens Office in Framingham

Thursday, May 12th, 2011

DPS Biometics opened its Framingham office at 959 Concord St. on Monday, with a large audience comprised of employees, community and business leaders.  An Irish-based engineering company, DPS Biometics provides architectural, engineering and validation services to the pharmaceutical and biotechnology sectors. Read More.