Delivering on the themes of the Economic Summit

Posted by:
Secretary Gregory Bialecki, Executive Office of Housing and Economic Development

Last October, when Governor Patrick brought together nearly 150 corporate, academic, and non-profit leaders for an Economic Summit, we worked together to find solutions together on how we could best define and accelerate recovery in Massachusetts.   Through that process, we identified true opportunities for long term success – opportunities like education reform that would translate to federal education funding; small business needs such as access to capital, unemployment insurance and health care costs; business expansion issues like permitting, and providing a trained workforce.  

On February 10th, Governor Patrick filed legislation to help small businesses hire new workers and reduce the cost of doing business, delivering on those opportunities. Taken as a whole, these business growth and job creation measures are predicted to create or retain 20,000 jobs, and save small businesses upwards of $400 million.

We are thankful for the partnerships that were formed at the Economic summit and led to those opportunities, and we will continue the collaborations that are necessary to ensure long term recovery in Massachusetts.

The Governor's plan includes:

Small Business Job Creation Tax Credit

Lowering Health Care Costs for Small Businesses

Unemployment Insurance Reform and Rate Freeze

Massachusetts Growth Capital Corporation

Additional Provisions

This is just the latest example of Governor Patrick's efforts to create good jobs at good wages in every corner of the Commonwealth, and a clear example of how, through collaboration, we can work towards a stronger Massachusetts.

Thank you,

Greg Bialecki