Tuesday, December 22, 2009

U.S. Senator Paul Kirk to address the Chamber January 8.

United States Senator Paul Kirk (D-MA) will be the featured speaker at the Greater Boston Chamber's Government Affairs Forum breakfast on Friday, January 8, 2010.

Senator Kirk was appointed in September 2009 to fill the vacancy created by the passing of Senator Edward M. Kennedy.  He will serve in the Senate through the special election on January 19, 2010.

To register for the event, click here.

Friday, December 18, 2009

Some hopeful economic signs 'On the Record'

Chamber Executive Vice President Jim Klocke went ‘On the Record’ last night to discuss the state's budget cycle, hopeful signs in state revenue, an education caucus on Beacon Hill, and Brian Moynihan’s appointment to chief executive officer of Bank of America.

Monday, December 14, 2009

Harvard's decision to stop construction in Allston & the financial services overhaul on the 'Business Beat'

On the Business Beat, NECN business reporter Peter Howe joins to talk about Harvard's decision to stop construction on a billion dollar science center in Allston, the financial services overhaul, and how the final candidates for the US Senate seat differ on business related issues.

AthenaHealth CEO discusses electronic medical records in the 'Briefing Room'

In the Briefing Room, Jonathan Bush, CEO of the electronic medical records company AthenaHealth, talks about healthcare reform and the role of electronic medical records in easing the paperwork and cost burdens incurred by medical practices.

The Boston business editors join 'This Week in Business'

Yesterday on ‘This Week in Business,’ Boston business editors Shirley Leung, business editor of the Boston Globe; Frank Quaratiello, business editor of the Boston Herald; and George Donnelly, editor of the Boston Business Journal joined to discuss the economic stimulus and President Obama's plans for job creation. The editors also share some of the biggest business stories of the year and make predictions about the year ahead.

Friday, December 11, 2009

Challenges facing the next Senator, health care & property taxes 'On the Record'

Chamber EVP Jim Klocke went ‘On the Record’ last night to discuss the challenges that the next Senator will face, the ongoing health care debate in Congress, and an increase in property taxes.

Tuesday, December 8, 2009

Mayor Tom Menino addresses Chamber in first public appearance since re-election.

Mayor Thomas M. Menino, the longest serving Mayor in Boston's illustrious history, addressed the Greater Boston Chamber this morning in his first major public appearance since his re-election and subsequent knee injury.


Menino spoke to nearly 500 Boston business leaders, promising a new era in city government and a bold vision for Boston's future.  The Mayor was joined on stage by three of his key cabinet members: Superintendent of Schools Carol Johnson, BRA Director John Palmieri, and budget chief Lisa Signori, each of whom called for action on the legislative front. 

Mayor Menino also announced the appointment of his new chief of staff, Mitchell Weiss, who currently serves as executive director of the Tobin Project

To view photos from the event, click here.

The Boston Globe's Michael Levenson reports on the speech.  The Boston Herald's Tom Grillo notes Menino's comments about Downtown Crossing, and the Boston Business Journal's Eric Convey focuses on the BRA plan for a Business Improvement District. 

Monday, December 7, 2009

Comcast, Bank of America, National Grid & Wal-Mart on the 'Business Beat'

On the Business Beat, NECN business reporter Peter Howe joins to talk about implications of the Comcast NBC deal, Bank of America paying off its TARP debt, National Grid's plan to buy power from Cape Wind, and a historic settlement between Wal-Mart and more than 87,000 Massachusetts employees.

MA Senator Scott Brown, Republican candidate for US Senate, is in the 'Briefing Room'

In the Briefing Room, Massachusetts Senator Scott Brown, Republican candidate for US Senate, gives us his take on healthcare and jobs creation.

An economic overview on 'This Week in Business'

Yesterday on ‘This Week in Business,’ Nariman Behravesh, chief economist of IHS Global Insight, joins hosts Paul Guzzi and Mike Nikitas to talk about the drop in the nation's unemployment rate. In a comprehensive overview of current economic conditions, Behravesh also discusses the cost of defense spending, the stock market, the cost of healthcare reform, holiday retail sales, and the debate over Ben Bernanke's future.

Chamber announces winners of 2010 Pinnacle Awards.

The Greater Boston Chamber of Commerce today announced the winners of its 2010 Pinnacle Awards

Honoring the accomplishments of eight women in Greater Boston who have achieved excellence in business and management, the Pinnacle Awards will take place on January 22nd, at the Westin Copley Place Boston. The awards luncheon will feature Lisa Hughes, anchor at WBZ-TV, as the master of ceremonies.

This year’s honorees will be recognized for their accomplishments in the following categories:

•    Lifetime Achievement: Mary Richardson, Anchor, WCVB-TV’s Chronicle;

•    Achievement in Entrepreneurship: Beth Tucker, President, KNF&T;

•    Achievement in Management, Private Sector:  Fredi Shonkoff, Senior Vice President, Corporate Relations, Blue Cross Blue Shield of Massachusetts, Inc.;

•    Achievement in Management, Government: The Honorable Therese Murray, President of the Senate, Commonwealth of Massachusetts;

•    Achievement in Management, Non-Profit: Lyndia Downie, President & Executive Director, Pine Street Inn;

•    Achievement in the Professions: Sharon Inouye, MD, MPH, Professor of Medicine, Harvard Medical School;

•    Excellence in Arts & Education: Renee Landers, Professor of Law, Suffolk University Law School; and

•    Emerging Executive: Tiziana Dearing, President, Catholic Charities, Archdiocese of Boston.

“This year’s honorees exemplify excellence in their respective fields and their commitment to the region’s civic community is nothing short of remarkable,” said Paul Guzzi, president and CEO of the Greater Boston Chamber.  “Each recipient is an inspiration to women aspiring to lead in business, government, academia, and media, and the Chamber looks forward to honoring them in January.”

Now in its 16th year, the Pinnacle Awards are presented by the Women’s Network of the Greater Boston Chamber. The awards honor women for outstanding achievement in the workplace, demonstrated leadership that has made a difference, and a commitment to enhance the quality of life in the region. The Women’s Network was founded in 1994 to promote and expand economic opportunities throughout the Greater Boston region for all women in business through shared leadership and expertise. The Women’s Network offers programs that provide career enrichment and development opportunities for women at all professional levels, spotlight the accomplishments of women, and promote the positive influence that women have upon the Greater Boston region.

To register for the event, click here.

Friday, December 4, 2009

Job creation & unemployment insurance 'On the Record'

Chamber president & CEO Paul Guzzi went ‘On the Record’ last night with NECN’s RD Sahl to discuss the most recent jobless figures, incentives for job creation, and the legislative hearing on unemployment insurance rates.

Thursday, December 3, 2009

Chamber hosts 2009 Annual Holiday Reception

Last night, the Chamber hosted its Annual Holiday Reception at the State Room. More than 500 Chamber members came out to network, toast the holiday season, and enjoy a beautiful view of the Boston skyline.

To view images from the event, click here.

Wednesday, December 2, 2009

Chamber on unemployment insurance: 43% increase will hamstring job growth, reform needed now.

Massachusetts’ unemployment insurance costs are already among the very highest in the country. Under current state law, employers will face a 43 percent increase in UI premiums next year. Imposing such a dramatic increase is a mistake during a steep recession – widening our UI cost disparity versus other states, and undermining our collective goal to mount an economic and job recovery.

The Greater Boston Chamber testified today in support of legislation that would provide UI rate relief and systemic reform in early 2010. Special legislation that imposes a more moderate increase in UI premiums could provide $300 million in rate relief to employers next year as compared to current law – without jeopardizing the solvency of the UI trust fund. Coupling rate relief with systemic reforms to experience rating and workforce attachment provisions could improve the efficiency of the UI system, and place it on solid footing in the years ahead.

As companies struggle through the downturn, such special legislation would help support hiring and economic recovery and send an important signal to employers that Massachusetts is prepared to compete for their business.

Mayor Thomas Menino to address Chamber

On December 8, Boston Mayor Thomas Menino will address the Chamber's Government Affairs Forum. Please join us for Mayor Thomas M. Menino’s first major public appearance since his historic re-election last month.  At this unique Government Affairs Forum, Mayor Menino will address Chamber members and will be joined on stage by key members of his administration.

On November 3, 2009, Thomas M. Menino was re-elected to a record 5th term as mayor of the City of Boston. The longest serving mayor in the city’s history, Menino has been a strong advocate for the business community – providing critical leadership through periods of financial growth as well as slowdowns. As the nation and the region work to emerge from recession, Mayor Menino is committed to improving Boston’s economic vitality and is working with the Chamber and employers to grow jobs, spur development, and lay the foundation for the city’s economic future. He has steered the city to the highest bond rating in its history, improved schools, and worked to make Boston a leader in green development and clean tech innovation.

A lifelong resident of the Hyde Park neighborhood of Boston , Menino was first elected mayor in 1993. He served his neighborhood as a city councilor for nine years prior to becoming mayor and earned a degree in community planning at the University of Massachusetts.

Click here to register for this event.

Tuesday, November 24, 2009

A&F Secretary Jay Gonzalez addresses the Chamber’s Government Affairs Forum

On Friday, November 20 the Commonwealth’s Secretary of Administration and Finance, Jay Gonzalez, spoke to the Chamber’s Government Affairs Forum. Secretary Gonzalez said he felt that the state legislature was engaging in risky behavior by adjourning for the year without closing a projected $125 million budget deficit. Gonzalez noted that responsible budget management is much more than simply hoping revenues will get better and solve the state’s problems on their own, and that actions to balance the budget must be taken. He also divulged that four unions representing 75 percent of the state’s 40,000 person unionized executive branch have agreed to forgo raises in order to combat potential layoffs. Secretary Gonzalez added that the state is continuing negotiations with other unions.

Click here to view images from the event.

Coverage of this event can be seen in the Boston Globe and the Associated Press.

The Chamber would like to thank Bank of America for sponsoring the Government Affairs Forum series.

Chamber hosts Republican Senate candidates forum.

Yesterday morning, the Greater Boston Chamber of Commerce hosted a special Government Affairs Forum featuring the two Republican candidates for U.S. Senate - State Senator Scott Brown and businessman Jack E. Robinson.


Brown and Robinson answered a series of questions on issues important to the business community, including health care, education, and job creation.

Photos from the event can be found here.

The forum was attended by a number of media outlets:

-The Boston Herald, WBUR , and the Associated Press reported on the candidates' health care positions.

-NECN has more:

Monday, November 23, 2009

The next Bank of America CEO & education reform on the 'Business Beat'

On the Business Beat, NECN business reporter Peter Howe predicts that Brian Moynihan will not be the next CEO of Bank of America, and discusses education reform and the possibility of the state’s first public law school.

US Senate candidate Attorney General Martha Coakley is in the 'Briefing Room'

In the Briefing Room, Democratic candidate for US Senate Massachusetts Attorney General Martha Coakley talks about business related issues in the Senate race, including healthcare, job creation, financial regulation, and stimulus funds.

The implications of President Obama's trip to China on 'This Week in Business'

Yesterday on ‘This Week in Business,’ Boston College associate finance professor Jun Qian joined hosts Paul Guzzi and Mike Nikitas to talk about whether or not President Obama's trip to China was a success. He discusses the likelihood of moving forward and forging a partnership between our two countries.

Friday, November 20, 2009

A drop in unemployment & the end of the legislative session 'On the Record'

Chamber president & CEO Paul Guzzi went ‘On the Record’ with NECN’s RD Sahl to discuss a drop in jobless numbers in Massachusetts. Guzzi talks about the end of the Massachusetts legislative session and the key bills left unfinished. He also touches upon the UMass plan to open the state’s first public law school.

Tuesday, November 17, 2009

Chamber to hold Annual Holiday Reception on December 2.

On Wednesday, December 2, the Greater Boston Chamber of Commerce will host its Annual Holiday Reception at the State Room Boston.

The Chamber invites members to kick off the holiday season at the business community's signature holiday gathering.

Join fellow members for an evening of cocktails, hors d' oeuvres, and networking, and enjoy a spectacular view of the Boston skyline.

To register for this event, click here.

Monday, November 16, 2009

Chamber to host Republican candidates forum.

The Greater Boston Chamber of Commerce will host the Republican Candidates for United States Senate in Massachusetts at a Special Government Affairs Forum on Monday, November 23, 2009.

The forum is the second in a series of election forums, and will feature State Senator Scott Brown and Jack E. Robinson, Esq., attorney and private investor.

To register for the event, click here.

Education reform & the future of Hollywood East on the 'Business Beat'

On the Business Beat, NECN business reporter Peter Howe talks about education reform and the future of Hollywood East.

US Senate candidate Congressman Michael Capuano is in the 'Briefing Room'

In the Briefing Room, United States Congressman Michael Capuano, Democratic candidate for the United States Senate, discusses health care reform, jobs creation, executive pay, financial regulation, and transparency.

The Boston business editors join 'This Week in Business'

Yesterday on ‘This Week in Business,’ Boston business editors Frank Quaratiello of the Boston Herald, Shirley Leung of the Boston Globe, and George Donnelly of the Boston Business Journal joined hosts Paul Guzzi and Mike Nikitas to focus on the business of economic forecasting. The editors gave predictions about how slow the economic rebound will be in New England.

Friday, November 13, 2009

The Chamber's latest Competitiveness Scorecard & the Joint Education Committee's recent bill 'On the Record'

Chamber EVP Jim Klocke went ‘On the Record’ last night with NECN’s RD Sahl to discuss the findings of the Chamber’s recently released Competitiveness Scorecard on Higher Education and the Chamber’s recommendations. Klocke also talked about a bill released this week by the Joint Education Committee and its implications for education reform in the Bay State.

Wednesday, November 11, 2009

ABC World News Anchor Charlie Gibson speaks at the Chamber’s Government Affairs Forum

Yesterday, ABC World News Anchor Charlie Gibson spoke to the Greater Boston Chamber’s Government Affairs Forum. After having spent much of his career working in the news industry, Gibson addressed the changes that have taken place in the media. He specifically spoke about networks that cover news to target niche audiences like MSNBC and Fox News – warning that the lack of objectivity could damage the future of the news business. Gibson also touched on his experience covering national politics for four decades, noting that the partisan nature of our current political system is prohibiting action. He referenced the Republican strong-hold against passing a health care reform bill under the Obama Administration, and some of the roadblocks instituted by liberals during the Bush Administration. Charlie Gibson’s vast amount of media and political knowledge attracted a crowd of over 200 Chamber members at the Mandarin Oriental Boston.

To view imagery from this event, please click here. For press coverage, check out the Boston Herald.

Don’t miss the next Government Affairs Forum with the Commonwealth's Secretary of Administration and Finance Jay Gonzalez on November 20. For event details and registration, click here.

The chamber would like to thank Bank of America for sponsoring this event.

Chamber releases Competitiveness Scorecard on innovation generated by state's Higher Education Industry.


The Greater Boston Chamber of Commerce today released its second Competitiveness Scorecard, a barometer of cost and competitiveness issues facing the Massachusetts economy and a comparison of how the Commonwealth fares against the 49 other states.  The November edition of the Competitiveness Scorecard focuses on innovation generated by the state’s higher education sector.

The Scorecard shows that Massachusetts’ colleges and universities play a vital role in promoting and sustaining innovation – providing the basis of the ‘innovation engine’ that drives our economy.  Massachusetts ranked 1st in the nation per capita for the total number of patents produced by higher education institutions - with a rate nearly twice as high as the next closest state. 

A high rate of patent production indicates success in research and development, and also indicates that Massachusetts is a fertile ground for inventors and entrepreneurs.  Massachusetts ranked 3rd in the country in the total number of start-up companies created from university R&D, suggesting that the high patent numbers translated into a robust entrepreneurial market for the state.

Despite its relative strength, Massachusetts’ higher education institutions are threatened by the economic downturn and global competition.  The recession and the resulting decline in institutional endowments have left our leading colleges and universities vulnerable to other states and nations that are quickly closing the gap in research funding – challenging our leadership position in innovation.

In order to maintain and strengthen the Massachusetts higher education sector’s position as an innovation leader, the Chamber proposes:
  • Maintaining the financial strength of colleges and universities by sustaining the strong commitment to federally sponsored R&D and not taxing institutional endowments that continue to fuel research;
  • Promoting patient capital in Massachusetts start-ups by adopting a “3 in 3” investment incentive, which would apply a 3 percent capital gains tax to Massachusetts-based start-ups [vs. current 5.3% and 12% rates]; and
  • Strengthening higher education-business connections for talent development to keep college and university talent in the region.
“Massachusetts is clearly an innovation leader, and that strength is a testament to our colleges and universities,” said Chamber president & CEO Paul Guzzi.  He added, “But the rest of the world is catching up, and we must do everything we can to sustain our advantage.  The Chamber’s proposals will help ensure we maintain our innovation edge.”

The Chamber will advocate for these recommendations, and will work with college, university, civic, business, and government leaders to ensure that the higher education sector maintains its leadership position as an engine of innovation.  Download the full scorecard at bostonchamber.com.

Monday, November 9, 2009

Retiring "World News" Anchor Charlie Gibson to address Chamber tomorrow.


Charlie Gibson, anchor of ABC's flagship broadcast "World News," will address the Greater Boston Chamber's Government Affairs Forum, tomorrow, November 10. Gibson announced in September that he will retire from ABC News at the end of 2009.

Gibson has served well as ABC's principal anchor for breaking news, election coverage, and special events. With more than 40 years of experience, 33 of those at ABC News, he is one of the most distinguished journalists in television.

Since being named anchor of ABC’s "World News" in May 2006, Gibson reported from around the country and the world. During the 2008 election cycle, he covered the pivotal primaries and caucuses, moderated several presidential debates, covered both the Democratic and Republican conventions, and interviewed numerous Presidential candidates.

Before being named anchor of "World News," Gibson was co-anchor of "Good Morning America” (GMA). He returned to GMA to re-launch the broadcast with Diane Sawyer on January 18, 1999. At GMA, Gibson reported on many of the pivotal events that have shaped our world. Anchoring the morning broadcast on September 11, 2001, Gibson, along with Sawyer, began the network's award-winning coverage of the attacks on the World Trade Center and the Pentagon.

Gibson has interviewed each of the last seven American presidents, as well as leaders from around the globe, including Kofi Annan, Tony Blair, the late Yasir Arafat, and Nelson Mandela. Gibson also served as chief correspondent at the House of Representatives for ABC News from 1981 to 1987. He is a graduate of Princeton University, where he was news director for the University's radio station, WPRB-FM.

Click here to register for the event tomorrow.

The auto industry, the latest with Evergreen Solar & the future of Citizens Bank on the 'Business Beat'

On the Business Beat, NECN business reporter Peter Howe joins to talk about the road to profitability in the nation's auto industry, the future of Evergreen Solar, and the future of Citizens Bank.

US Senate candidate Steve Pagliuca joins the 'Briefing Room'

In the Briefing Room, Democratic candidate for US Senate Stephen Pagliuca discusses the nation's 10.2 percent jobless rate and what can be done to bring more jobs to Massachusetts. He also weighs in on healthcare reform and financial services regulation.

The MBTA's safety concerns and financial instability on 'This Week in Business'

Yesterday on ‘This Week in Business,’ David D'Alessandro, former CEO of John Hancock, joined hosts Paul Guzzi and Mike Nikitas to talk about a report commissioned by Governor Patrick that raises major safety concerns and questions about the financial health of the MBTA. He takes a look at what can be done to turn it around.

Friday, November 6, 2009

A drop in first-timers seeking jobless benefits, a new MBTA report & 'Race to the Top' funds 'On the Record'

Chamber EVP Jim Klocke went ‘On the Record’ last night with NECN’s RD Sahl to discuss the drop in the number of people seeking first time jobless benefits. This is positive news for the national economy, but what does it specifically mean for Massachusetts? Klocke also talks about a recent MBTA report revealing shortfalls in revenue and safety risks for T riders, as well as President Obama’s recent discussion on ‘Race to the Top’ funds and the possible impact of these funds on Massachusetts.

Wednesday, November 4, 2009

Best-selling author Suzy Welch addresses the Chamber's Women's Network

This morning, the Chamber hosted a Women’s Network Breakfast with best-selling author, commentator, and business journalist Suzy Welch. With nearly 300 people gathered at the Fairmont Copley Plaza Hotel, Suzy Welch led a discussion on the importance of finding a balance between work and personal lives. She shared her own inspirational tale, and advised women to define their own values and then incorporate them into daily decisions that they make. Welch promoted her new book “10-10-10” that provides management advice, recommending that women weigh the impact that their decisions can have in 10 minutes, 10 months, and 10 years. She discussed the transitions she has made throughout her life, and acknowledged that those transitions have helped her to reshape her life so that it better reflects her personal values. Welch closed by saying that she has never been happier.

Click here to view images from this Women’s Network Breakfast.

Coverage of today’s event can be found in the Boston Herald.

Don’t miss the next Women’s Network Breakfast panel discussion titled “Leading a successful non-profit and the next generation” on December 9. This event will feature Dr. Joan Wallace-Benjamin, president & CEO of The Home for Little Wanderers, Ruth Bramson, CEO of Girl Scouts of Eastern Massachusetts, Connie Chow, executive director of the Science Club for Girls, and Sylvia Ferrell-Jones, president & CEO of the YWCA Boston. For event details and registration, click here.

The Chamber would like to thank PricewaterhouseCoopers for sponsoring this event.

Monday, November 2, 2009

Health care reform, gaming in Massachusetts, JetBlue's expansion & changes at the Boston Globe on the 'Business Beat'

On the Business Beat, NECN business reporter Peter Howe looks at the House Democrat versions of U.S. healthcare reform, the intensity over the future of casino gambling in Massachusetts, JetBlue’s expansion at Logan Airport, and the announced departure of The Boston Globe publisher Steve Ainsley.

MFS Investment Management chairman discusses how to fix the financial system in the 'Briefing Room'

In the Briefing Room Robert Pozen, chairman of MFS Investment Management, talks about what caused the meltdown of the nation's financial system and gives his opinion on how to fix the system. It's a preview of his upcoming book: "Too big to save? How to fix the U.S. Financial system."

The state of the Massachusetts economy on 'This Week in Business'

Yesterday on ‘This Week in Business’ Northeastern University professor Alan Clayton-Matthews joins hosts Paul Guzzi and Mike Nikitas to talk about why the Massachusetts economy shrunk in the third quarter while the national economy grew. He touches upon state budget cuts and how to improve the local economy.

Friday, October 30, 2009

State sees more budget cuts 'On the Record'

Last night, Chamber president & CEO Paul Guzzi went ‘On the Record’ to discuss Governor Patrick’s announcement of a new series of budget cuts that will be made to close a $600 million budget gap. Guzzi shares some insight into the move and what is means for the state's economy. He also touches on the significance of the Governor's recent business summit.

Tuesday, October 27, 2009

CEO pay, expanded support for casinos in the Commonwealth & the future of Harvard on the 'Business Beat'

On the Business Beat, host Paul Guzzi and NECN business reporter Peter Howe discuss some of the week's top stories including CEO pay, the Greater Boston Chamber supporting resort style casinos in Massachusetts, and Harvard president Drew Faust talking about the future of the university.

An inside look at Google's latest products & unique company culture on 'This Week in Business'

Sunday on ‘This Week in Business,’ Steve Vinter, engineering director of Google Boston, joined host Paul Guzzi and NECN business reporter Peter Howe to talk about Google’s latest products, the importance of collaborative thinking, net neutrality, and Google's unique company culture.

Monday, October 26, 2009

Photos from today's candidates forum now online, plus additional coverage.


Photos from today's candidates forum are now available here.

The event has dominated the news cycle for most of the day.

You can find coverage of the forum on Channel 5, Boston.com, WBZ, and the Boston Herald here and here.

NECN's Peter Howe has more:

Chamber hosts forum for U.S. Senate candidates.


This morning the Greater Boston Chamber of Commerce hosted a special Government Affairs Forum featuring the candidates for United States Senate.

The program was designed to offer Chamber members some insight into the candidates' positions and philosophies on the role of the federal government in health care, the economy, and education.

All four Democratic candidates, Congressman Michael Capuano, Attorney General Martha Coakley, Alan Khazei, and Steve Pagliuca, participated.

The event was recorded for rebroadcast by both C-SPAN and WBUR (details on airing times/dates will be forthcoming), and attended by a variety of news outlets.

More photos and links will be available shortly.

Friday, October 23, 2009

Chamber monthly jobs update shows loss of 9,200 jobs in MA in September

The Greater Boston Chamber of Commerce publishes the monthly Massachusetts Jobs Update to provide public officials with a snapshot of regional and national job markets and trends. The Chamber is currently working with business and government leaders to advance a policy agenda that will have significant impact on job growth and economic growth in the years ahead -including priority issues of health care reform, skilled workforce development, and corporate tax policy.

September Headlines:
  • State lost 9,200 jobs last month; unemployment rate rises to 9.3%, up 3.7% last 12 months
  • State falls to 207,600 jobs below previous peak, lowest jobs level since April 1998
  • All 12 regions shed jobs last 12 months; seven of 12 regions shed jobs last month
  • State posted 3.4% job loss last 12 months, moderately better than US job loss rate of 4.2%

You can find all of the 2008-2009 monthly Massachusetts Jobs Update documents archived on the Chamber's website, bostonchamber.com.

Thursday, October 22, 2009

Chamber statement on Race to the Top funds: We can do better

In discussion about Massachusetts competing for Federal Race to the Top Funds, it has been estimated that the Commonwealth could receive as much as $100 million or more from the federal government.  The Chamber believes that we can, and should, do better. 

While $100 million is a large number, it is only 2.3% of total Race to the Top Funds—a percentage only slightly greater than Massachusetts’ percentage of the total U.S. population (2.1%).  Aiming for an average share of Race to the Top funds is aiming too low—especially since many states are not expected to receive any Race to the Top funds.  State officials expect that 10 to 15 states will receive such funds.

The Chamber recommends that Massachusetts set a goal of $400 million in Race to the Top funds.  These funds will provide a powerful boost to the state’s efforts to strengthen schools, expand innovation, and provide every student with a high-quality education.  We will work with leaders in the government, education, non-profit and business sectors to achieve those goals.

Harvard President Drew Faust addresses Chamber

This morning, Harvard University president Drew Faust spoke to the Greater Boston Chamber’s Executive Forum. Faust discussed the adjustments being made by the university in order to maintain quality academics and keep expansion plans moving forward during this economic downturn. Faust noted the significant loss that the Harvard endowment suffered during the past fiscal year. This loss is especially damaging to the institution since 38 percent of the university’s budget is drawn from its endowment. Faust later discussed Harvard’s re-assessment plans for the Allston expansion given the economic challeneges the school continues to face. She did, however, emphasized the university’s lasting commitment to the Allston community.

Click here to view images from today’s event.

Coverage from today’s event can be found in the Boston Globe and Boston Herald. The event can also be heard in its entirety this Sunday, October 25 at 8:00pm on WBUR 90.9.

The Chamber would like to thank Citibank for sponsoring this event.

Tuesday, October 20, 2009

Chamber to host Democratic candidates for U.S. Senate.

On Monday, October 26, 2009, the Greater Boston Chamber of Commerce will host the Democratic candidates for United States Senate.

Congressman Michael Capuano, Attorney General Martha Coakley, Alan Khazei, founder and CEO of Be the Change, Inc. and co-founder of City Year, and Steve Pagliuca, managing partner and co-owner of the Boston Celtics, are all running in the special election to replace Senator Edward M. Kennedy.

The four candidates are vying for the Democratic nomination in the primary election on December 8. The winner will face off against a Republican candidate and several independent candidates in the special election on January 19, 2010.

The forum on October 26 will be moderated by Bill Purcell, director of the Institute of Politics at the John F. Kennedy School of Government at Harvard University.  It will be the first in a series of special Government Affairs Forums election forums hosted by the Chamber.

To register for the event, click here.

Chamber to host Best Practices Seminar on corporate wellness

On November 6 the Chamber will host a Best Practices Seminar titled ‘A panel discussion: How does a healthy workforce impact your bottom line?’ This special program will be moderated by Michael Parent, senior vice president of Fitcorp, and will feature three panelists: James Blue, chairman and CEO or Bostonian Group; Helen Durkin, J.D., executive vice president of Public Policy for International Health Racquet & Sportsclub Association; and Tina Wiskow, senior benefits project manager for John Hancock.

This unique Chamber program will explore the importance of corporate wellness initiatives, highlight preventable health risks, and provide information on impacting the bottom line through promoting a healthy workforce. Attendees will also gain insight into proposed legislation that would provide financial incentives for the creation of corporate fitness programs. Learn best practices for achieving a healthier workforce!

Click here to register for this event.

Harvard University President Drew Faust to address Chamber Thursday.


On Thursday, October 22, Harvard University President Drew Gilpin Faust will address the Chamber's Executive Forum.  Click here to register for the event.

Faust took office as Harvard University’s 28th president on July 1, 2007. A historian of the U.S. Civil War and the American South, Faust is also the Lincoln Professor of History in the Faculty of Arts and Sciences. She previously served as founding dean of the Radcliffe Institute for Advanced Study (2001-2007).

Before coming to Radcliffe, Faust was the Annenberg Professor of History and director of the Women’s Studies Program at the University of Pennsylvania. She is the author of six books, including This Republic of Suffering: Death and the American Civil War (January, 2008), which was awarded the 2009 Bancroft Prize, the New-York Historical Society 2009 American History Book Prize, and recognized  by The New York Times  as one of the Ten Best Books of 2008 .

Faust’s honors include awards in 1982 and 1996 for distinguished teaching at the University of Pennsylvania. She was elected to the American Academy of Arts and Sciences in 1994 and the American Philosophical Society in 2004. She received her bachelor’s degree from Bryn Mawr in 1968, magna cum laude with honors in history, and master’s (1971) and doctoral (1975) degrees in American civilization from the University of Pennsylvania.

For more information or to register for this event, click here.

Monday, October 19, 2009

Budget cuts, a surge in the Dow & the future of the Boston Globe on the 'Business Beat'

On the Business Beat, Peter Howe discusses Massachusetts budget cuts, the Dow reaching 10,000, and the future of the Boston Globe.

Job predictions from Manpower's Jonas Prising in the 'Briefing Room'

In the Briefing Room, Jonas Prising, president of the Americas for Manpower, makes predictions about when the job market will turn around.

Boston University professor gives a health care update on 'This Week in Business'

Yesterday on ‘This Week in Business,’ Boston University School of Management Professor Stephen Davidson joined hosts Paul Guzzi and Mike Nikitas to talk about what to expect on the road to passing a health care reform bill.

Friday, October 16, 2009

Pictures from the 2009 Small Business of the Year Awards are now available

Pictures are now available from yesterday's 2009 Small Business of the Year Awards luncheon honoring Infoscitex, RDK Engineers, and Diane Hessan of Communispace.

Click here to view images from the event.

Coverage from yesterday's event can be found in the Boston Herald.

Thursday, October 15, 2009

Chamber Hosts 2009 Small Business of the Year Awards

Presented annually for 25 years, the Chamber hosted the 2009 Small Business of the Year Awards this afternoon honoring the achievements and significance of small businesses. The event was emceed by WBZ’s Anthony Silva, and Randy Papadellis, CEO of Ocean Spray Cranberries Inc., was the keynote speaker. Papadellis spoke to the importance of maintaining small business roots no matter how large your company becomes.

This year’s honorees include Dianne Hessan, CEO of Communispace Corporation, who was named Entrepreneur of the Year for her creativity, ingenuity, and teamwork – traits that have fueled the company’s continued growth and made it one of the region’s best places to work. RDK Engineers took home the Award for Business Excellence for their focus on employees, workforce development, and outstanding results. Infoscitex was named Small Business of the Year for their innovative solutions in the defense, aerospace, life sciences, energy, and environmental markets.

The Chamber would like to thank Blue Cross Blue Shield, FedEx, Sovereign Bank, and Boston Globe Media for sponsoring this event.

Tuesday, October 13, 2009

EnerNOC CEO discusses demand response in the 'Briefing Room'

In the Briefing Room, Tim Healy, CEO of EnerNOC and a pioneer in the green energy movement, discusses EnerNOC’s demand response product, how it is working, and who is using it.

The Boston business editors join 'This Week in Business'

Sunday on ‘This Week in Business,’ the Boston business editors roundtable comprised of Shirley Leung, business editor for the Boston Globe; Frank Quaratiello, business editor for the Boston Herald; and George Donnelly, Boston Business Journal editor, joined hosts Paul Guzzi and Mike Nikitas to talk about the budget shortfall in Massachusetts, questions over how economic stimulus money is being used, and how businesses are preparing for swine flu outbreaks.

Massachusetts budget gap, heath care reform progress & a new coalition pushing for charter schools 'On the Record'

On October 8, Chamber president Paul Guzzi went ‘On the Record’ with NECN’s RD Sahl to discuss troubling predictions of the Massachusetts budget gap, the status of health care payment reform, and the formation of the “Race to the Top” Coalition.

Thursday, October 8, 2009

CDC encouraging businesses to prepare for H1N1



The Centers for Disease Control (CDC) is pressing employers to take precautionary steps that will help prevent against a disruptive flu season for business.

In a new email sent to business leaders, the CDC provides a number of links with information on vaccines and suggested practices for employers to implement.  The organization also provides some helpful FAQ's on H1N1, a preparedness guide for small business, Massachusetts specific information, and answers to HR questions on policies.

According to the CDC, here some actions employers should take now:
  • Review or establish a flexible influenza pandemic plan and involve your employees in developing and reviewing your plan;
  • Conduct a focused discussion or exercise using your plan, to find out ahead of time whether the plan has gaps or problems that need to be corrected before flu season;
  • Have an understanding of your organization’s normal seasonal absenteeism rates and know how to monitor your personnel for any unusual increases in absenteeism through the fall and winter.
  • Engage state and local health department to confirm channels of communication and methods for dissemination of local outbreak information;
  • Allow sick workers to stay home without fear of losing their jobs;
  • Develop other flexible leave policies to allow workers to stay home to care for sick family members or for children if schools dismiss students or child care programs close;
  • Share your influenza pandemic plan with employees and explain what human resources policies, workplace and leave flexibilities, and pay and benefits will be available to them;
  • Share best practices with other businesses in your communities (especially those in your supply chain), chambers of commerce, and associations to improve community response efforts; and
  • Add a “widget” or “button” to your company Web page or employee Web sites so employees can access the latest information on influenza: www.cdc.gov/widgets/
The Chamber will continue to provide employers with information from the CDC and other health organizations throughout the Flu season. 

Monday, October 5, 2009

Nobel Laureate Dr. Phillip Sharp discusses impact of Nobel Prize on community.


On the same morning that the Nobel Prize in Physiology or Medicine was awarded to Jack Szostak, a scientist at Massachusetts General Hospital and professor at Harvard Medical School, Nobel Laureate Phillip Sharp joined the Chamber's Life Science Forum.

Dr. Sharp was awarded the same prize in 1993, and spoke to Chamber members about the impact that the Nobel Prize can have on a community or research institution. He also spoke briefly about what Szostak's award meant specifically for MGH and Harvard.

Bank of America shake up, BIO & the future of the public option on the 'Business Beat'

On the Business Beat, NECN business reporter Peter Howe analyzes the departure of Bank of America CEO Ken Lewis, BIO returning to Boston in 2012, and a key Senate Committee’s vote against the public option in health care reform.

COO of Veolia Energy talks about the business of energy in the 'Briefing Room'

In the Briefing Room, Bill DiCroce, the COO of Veolia Energy, talks about the company's products and how they are helping to reduce the nation's carbon footprint and business's energy bills. He explains co-generation and district energy and how they are changing the way cities, universities, and businesses are getting their energy.

AIM's Andre Mayer discusses the beginnings of economic recovery on 'This Week in Business'

Yesterday on ‘This Week in Business’ Andre Mayer, senior vice president of the Associated Industries of Massachusetts, joined hosts Paul Guzzi and Mike Nikitas to talk about the rising jobless rate and the Massachusetts economy. He discusses where we are seeing the beginnings of recovery, and says employers are becoming more cautiously optimistic about the future of the economy.

Friday, October 2, 2009

More coverage from today's Financial Services Forum with Federal Reserve Bank of Boston President & CEO Eric Rosengren

Imagery from today's breakfast with Eric Rosengren is now available online. Please click here to view images.

For extensive press coverage from this event, visit the Chamber's news page. Highlights can be found in the Boston Globe, Wall Street Journal, Boston Business Journal, Boston Herald, and Reuters.

The Massachusetts economy, BIO & Ken Lewis 'On the Record'

Chamber president & CEO Paul Guzzi went ‘On the Record’ to discuss parts of the Massachusetts economy, like housing, that are beginning to show glimmers of a turnaround, and other areas, like jobless figures, that continue to struggle. Guzzi also talks about the impact of BIO returning to Massachusetts and the sudden resignation of Bank of America CEO Ken Lewis.

Eric Rosengren discusses U.S. economy, role of Federal Reserve at Chamber breakfast

At this morning's Greater Boston Chamber Financial Services Forum, Eric Rosengren, president & CEO of the Federal Reserve Bank of Boston, discussed inflation and monetary policy for these extraordinary times.

Rosengren, an economist who has studied Japan's economy and their financial crisis in the 1990's, spoke of lessons that the United States could take from Japan. Based on his experience with inflation in both the U.S. and Japan, Rosengren reflected: "I personally expect our primary short run concern to be disinflation rather than inflation."

In his concluding remarks, Rosengren summed up his feelings on the economic recovery:
"While I expect that we will see positive growth in the third and fourth quarter of this year, it will not be sufficient to make significant headway in improving labor-market conditions right away...Despite the many positive signs we are seeing in the economy, the financial markets and the real economy need more time to heal...The extraordinary economic times we have been experiencing give us all pause, and leave many observers with concern about policy actions and their possible outcomes. I believe, however, that...the lessons from Japan's experience are illuminating and should bring comfort that current U.S. policy is on the right path - with benificial implications for the trajectories of both inflation and economic growth."
During the Q&A with Chamber members, Rosengren touched on a variety of issues, including resolution authority and the role of the Federal Reserve. Check out the video below for his answer:



The Boston Globe's Rob Gavin has more on Rosengren's remarks.

Thursday, October 1, 2009

Chamber monthly jobs update shows loss of 400 jobs in MA in August

The Greater Boston Chamber of Commerce publishes the monthly Massachusetts Jobs Update to provide public officials with a snapshot of regional and national job markets and trends. The Chamber is currently working with business and government leaders to advance a policy agenda that will have significant impact on job growth and economic growth in the years ahead -including priority issues of health care reform, skilled workforce development, and corporate tax policy.

Click on the following link to access the latest edition of the Massachusetts Jobs Update: August 2009 Massachusetts Jobs Update

August Headlines:
  • Massachusetts lost 400 jobs in August; falls to 198,100 jobs below previous peak
  • All 12 regions shed jobs over last 12 months; Greater Boston and North Shore regions added most jobs in August
  • State posted 3.2% job loss last 12 months; moderately better than U.S. job loss rate of 4.3%
  • State manufacturing job growth (-5.9%) ranked 6th among states last 12 months

You can find all of the 2008-2009 monthly Massachusetts Jobs Update documents archived on the Chamber's website, bostonchamber.com.

Wednesday, September 30, 2009

Dr. Phillip Sharp to address the Chamber on Monday


On the same day that the Nobel Foundation announces the 2009 Nobel Prize in Physiology or Medicine, Nobel Laureate Dr. Phillip A. Sharp will address the Greater Boston Chamber of Commerce.

Dr. Sharp was awarded the same prize in 1993 for his discovery of split genes. Now an institute professor at MIT, Dr. Sharp's research is focused on understanding how RNA molecules act as switches to turn genes on and off (RNA interference). These newly discovered processes have revolutionized cell biology and could potentially generate a new class of therapeutics.

In 1978 he co-founded Biogen (now Biogen Idec) and in 2002 he co-founded Alnylam Pharmaceuticals, an early-stage therapeutics company. He has authored more than 350 scientific papers, received numerous awards and honorary degrees, and has served on many advisory boards for the government, academic institutions, scientific societies, and companies.

To register for Monday's breakfast with Dr. Sharp, click here.

Monday, September 28, 2009

Interim Senator appointment, Hyatt Hotels debacle & CSX rail deal on the 'Business Beat'

NECN business reporter Peter Howe joins the Business Beat to talk about the choice of Paul Kirk as interim Senator from Massachusetts, Governor Deval Patrick's actions regarding Hyatt hotels firing housekeepers, and a CSX rail deal that should help expand commuter rail service in Massachusetts.

First Wind CEO talks about recent developments in the IPO market in the 'Briefing Room'

In the Briefing Room, Paul Gaynor, CEO of First Wind, discusses the upturn in the IPO market and his recent meeting in Washington with Treasury Secretary Geithner and Energy Secretary Chu about the role stimulus money has played in helping his business. Gaynor also talks about how to determine whether to set up a wind farm on land or offshore.

OnForce CEO discusses his company's move to Massachusetts and successful business model on 'This Week in Business'

Yesterday on ‘This Week in Business,’ Peter Cannone, CEO of the technology outsourcing firm OnForce, joins hosts Paul Guzzi and Mike Nikitas to talk about why he moved his company from New York City to Lexington, Massachusetts. Despite the recession, OnForce has been able to grow dramatically, and Cannone describes the business model that has made this possible.

Friday, September 25, 2009

Interim Senator appointment, CSX rail deal & life sciences investment 'On the Record'

Chamber EVP Jim Klocke went ‘On the Record’ last night with NECN’s RD Sahl to discuss Governor Patrick’s interim Senator appointment, a new deal on the rails, and an investment in life sciences.

Wednesday, September 23, 2009

Lieutenant Governor Timothy Murray announces state agreement with CSX at the Chamber's Government Affairs Forum

This morning, Lieutenant Governor Timothy P. Murray addressed more than 200 Chamber members at the first Government Affairs Forum of the fall. He announced that the state has entered into an agreement with national freight carrier CSX to expand commuter rail services to Worcester, New Bedford, and Fall River. The Commonwealth will purchase the Worcester to Boston and New Bedford - Fall River lines to increase probability of additional commuter service. Lieutenant Governor Murray stated that the Administration is dedicated to improving both passenger and freight rail services for the long-term prosperity of the economy and environment.

Click here to view a highlight of Lieutenant Governor Murray's address.

To view images from today's event, click here. Tune into WBUR 90.9 at 8:00pm this Sunday, September 27 to listen to the entire event.

Coverage of today's event can be found in the Boston Herald.

Don't miss the next Government Affairs Forum with ABC World News Anchor Charlie Gibson on November 10. For event details and registration, click here.

The Chamber would like to thank Bank of America for their sponsorship of this series.

Monday, September 21, 2009

Lieutenant Governor Murray to address Government Affairs Forum Wednesday


Lieutenant Governor Timothy P. Murray will be addressing the Greater Boston Chamber’s Government Affairs Forum this Wednesday at the Westin Copley Place Boston. Don’t miss this great event! Click here to register.

Increasing health care premiums, a new transportation secretary, and casinos on the 'Business Beat'

On the ‘Business Beat’ NECN business reporter Peter Howe joins hosts Paul Guzzi and Mike Nikitas to talk about the high price of health insurance, advice to the new Transportation Secretary Jeffrey Mullan, and the future of casinos in Massachusetts.

A uniform internet sales tax rate & August retail numbers in the 'Briefing Room'

In the ‘Briefing Room’ United States Representative Bill Delahunt (D-MA) and Jon Hurst, president of the Retailers Association of Massachusetts, talk about the push for The Main Street Fairness Act, which aims at ensuring that customers from all retailers -- including internet and catalogues -- are taxed the same way. While retail sales are up nationally, Hurst says August numbers were down twenty percent.

Congressman Bill Delahunt joins 'This Week in Business'

Yesterday on ‘This Week in Business’ United States Representative Bill Delahunt (D-MA) sat down with hosts Paul Guzzi and Mike Nikitas to talk about national healthcare reform, stating that he personally favors a public option. Congressman Delahunt also discusses his push for a commission to study the financial collapse, a national tourism act, and the future of United States - Cuba relations.

Friday, September 18, 2009

An Increase in Health Care Costs & Charter School Reform 'On the Record'

Chamber president & CEO Paul Guzzi goes ‘On the Record’ with NECN’s RD Sahl to discuss an upcoming increase in health care premiums and the Legislature’s Joint Committee on Education’s hearing on charter school reform.

Thursday, September 17, 2009

Chamber statement on charter school hearing.

The Chamber supports raising the cap on Charter Schools and expanding innovation via Readiness Schools. Education is the cornerstone of economic competitiveness. The Chamber strongly believes that in order to strengthen our future economy, Massachusetts must do more to strengthen public education. All of us – business leaders, teachers, civic and government leaders – need to do our part to make schools better. Charter schools are a key component of this effort. By lifting the cap on charters schools and promoting innovation in the classroom, we can expand the talent pipeline that will help sustain Greater Boston’s economy.

Wednesday, September 16, 2009

Women's Network Breakfast with Cynthia Ashworth Attracts More Than 200 Attendees

The Greater Boston Chamber officially kicked off the fall program season this morning! More than 200 attendees turned out for the Women's Network Breakfast with Cynthia Ashworth, vice president of consumer engagement with Dunkin Brands, Inc.

Ms. Ashworth's presentation focused on the notable "America Runs on Dunkin" campaign, and the importance of knowing your brand and knowing your audience. As part of the program, she showcased the wide array of media vehicles that were utilized in the campaign, including television ads, radio spots, and social networking vehicles such as Facebook and Twitter.

Click here to access pictures from the program. Thank you to MS&L Worldwide for sponsoring this morning's breakfast.

We hope you can join us for the next Women's Network Breakfast on October 14 at the Four Seasons Hotel with Vicary Graham, Regional President, BNY Mellon. Click here to register.

Wednesday, September 9, 2009

Chamber announces winners of 2009 Small Business of the Year Awards

The Greater Boston Chamber of Commerce today announced the winners of its 2009 Small Business of the Year Awards. Infoscitex Corporation was named the ‘Small Business of the Year.’ RDK Engineers will receive the ‘Business Excellence Award’ and Diane Hessan, president & CEO of Communispace Corporation, will be honored with the ‘Entrepreneur of the Year’ award.

This year’s Small Business of the Year Awards Luncheon will be held at the Sheraton Boston Hotel on October 15, 2009 at 12 p.m. Randy Papadellis, CEO of Ocean Spray, will be the event’s featured speaker, and Anthony Silva of WBZ-AM 1030 will be the Master of Ceremonies.

Celebrating 25 years, the Chamber’s Small Business of the Year Awards recognize the entrepreneurial achievements of Greater Boston’s smaller for-profit companies who have gross revenues over $2 million and display strong financial performance, achievement in management, workplace excellence, product innovation, and community and social responsibility.

“This year’s winners are an excellent representation of the innovative spirit, focus on excellence, and commitment to the community that define the region’s small business community,” said Paul Guzzi, president & CEO of the Greater Boston Chamber. “Each award recipient demonstrates the best of business and entrepreneurship in Greater Boston. We look forward to honoring each of them on October 15.”

This year’s Small Business of the Year, Infoscitex Corporation (IST), is an engineering services firm that provides innovative solutions in the defense, aerospace, life sciences, energy, and environmental markets. Founded in 2000, IST has established itself as a highly competent organization with a reputation for developing solutions that meet the unique requirements of its varied customers, including Reuters, Johnson & Johnson, the U.S. military, NASA, and the National Institutes of Health. IST’s first spinoff, IST Energy Corporation, recently launched its flagship product, the Green Energy Machine (GEM) which turns waste into energy.

The recipient of this year’s Award for Business Excellence, RDK Engineeers, is a specialized mechanical and electrical engineering firm that offers total building system solutions. Founded in 1897, RDK has become an innovative leader in adopting and developing green solutions and incorporating the use of a wide variety of cutting edge, environmentally conscience technologies. Over the past ten years, RDK has experienced average sales of growth of 19%, profit growth of 20% per year, grown the staff 400% and consistently been recognized as one of the best places to work.

Diane Hessan, president & CEO of Communispace Corporation, will be honored with this year’s Entrepreneur of the Year Award. Hessan has served as CEO of Communispace since its founding in 1999. Over the past ten years under her leadership, Communispace has developed the first online communities that allow organizations to truly listen to the “voice of their customers.” As social media continues to grow as a business tool, Communispace offers the only social-networking model with a proven track record of providing real business value and competitive advantage to businesses.

Winners were selected from a large pool of qualified applicants that was first narrowed down to nine semi-finalists, from which a group of finalists was selected. The Small Business of the Year selection committee made site visits to the finalists to gain first-hand knowledge of their operations. Previous winners include Hartney Greymont, Baker’s Best, Elizabeth Grady, Cafco Construction Management Inc., The Piantedosi Baking Company, Stacy’s Pita Chip Company, Finagle a Bagel, Boston Duck Tours, Gentle Giant Moving Company, Nantucket Nectars, and J.P. Licks. The two previous entrepreneur of the year winners were Dr. Janet Wolfe of Wolfe Laboratories, Inc. and Dr. Ian Lane Davis of Mad Doc Software, Inc.

To register to attend the event, click here.