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.