Tuesday, August 31, 2010

This Week at the Chamber

We know it's the last day of August, and Labor Day weekend marks the unofficial end of the summer season. But you'll forgive us if we're somewhat excited to turn the calendar to September, as we've got a terrific month planned for our members!
  • A fall programs e-mail will be disseminated to all members on Wednesday, highlighting some of the leaders in industry and government who will be featured speakers at Chamber events over the next few months. There will be some terrific networking opportunities coming up!
  • Chamber Executive Vice President Jim Klocke will be representing the Chamber on Thursday for the weeekly "On the Record" segment on NECN's Business Day at 6:45 p.m.
  • Interested in building your brand? Yours truly is rolling out some terrific fall specials on bostonchamber.com advertising campaigns that will help you build your visibility within the region's business community. Send me an e-mail for more details before the formal roll-out, as we can only sell a limited number of ads at this reduced fall rate.
As always, thank you for your support of the Chamber!

Monday, August 30, 2010

Race to the Top funding & a new twist in solar power on 'This Week in Business'

Yesterday on 'This Week in Business,' Paul Grogan, president & CEO of The Boston Foundation, joined hosts Paul Guzzi and Mike Nikitas to discuss the $250 million that the Commonwealth is set to receive in Race to the Top funding. Grogan talks about the significant impact that this funding will have on the state's schools.

Click here to view this segment.

In the Briefing Room, Howard Berke, executive chairman and co-founder of Konarka Technologies, joins to discuss renewable energy and the power of the sun. He talks about Konarka's innovative Power Plastic product and how they are shedding new light on solar panels.

Click here to view this segment.

On the Business Beat, NECN business reporter Peter Howe joins to discuss the economic impact of the recent Ultimate Fighting Championship in Boston, and a downturn in the housing market and in NFL team values.

Click here to view this segment.

Friday, August 27, 2010

'On the Record' with Chamber CEO Paul Guzzi

Last night, Chamber CEO Paul Guzzi went 'On the Record' with NECN's Chet Curtis to discuss Mayor Menino's frustration with the stalled Downtown Crossing development project, and a recent Citibank survey indicating that Bostonians are currently less optimistic about the economy than they were a year ago despite some positive economic news. Guzzi also talks about the projected economic impact of the Ultimate Fighting Championship in Boston this weekend, and an expansion of New England's favorite brand - Dunkin' Donuts.

Click here to watch this interview.

Tuesday, August 24, 2010

Chamber statement on Massachusetts' selection to receive Race to the Top funding

The U.S Department of Education announced today that Massachusetts was selected to receive $250 million funding in the second round of the federal Race to the Top competition. The Chamber congratulates the Legislature and the Administration for having passed significant education reforms that included additional methods to promote innovation, tools to help turnaround underperforming schools, and an increase in the charter school cap. As the top scorer in this round, this funding will help ensure that Massachusetts continues to be a strong leader in education.

Monday, August 23, 2010

The facts about Triple-E & the changing media landscape on 'This Week in Business'

Yesterday on 'This Week in Business,' Massachusetts Department of Public Health Commissioner John Auerbach joined hosts Paul Guzzi and Mike Nikitas to discuss the facts about the Triple-E threat and how employers can prepare. He talks about his reactions to the state's management of the H1N1 epidemic, and a program called Mass in Motion that is focused on giving employers the tools they need to keep their workforce healthy and lower health care costs.

Click here to view this segment.

In the Briefing Room, Dan Kennedy, a professor of journalism at Northeastern University, and Steve Safran, editor of Lost Remote, discuss the changing media landscape. They talk about the Worcester T&G beginning to charge for some online content, and a recent Comcast survey indicating that 70% of Bostonians watch primetime TV on DVR. What are the implications for the newspaper and TV industries?

Click here to view this segment.

On the Business Beat, NECN business reporter Peter Howe discusses a recent jump in Massachusetts' private sector jobs, what a year without Senator Ted Kennedy has meant for Massachusetts and for DC, and the buzz around President Obama's vacation in Martha's Vineyard.

Click here to view this segment.

This Week at the Chamber

This week at the Chamber:
  • The Chamber's member services department will be meeting with members all week, as we gear up for the launch of the fall program season in September.
  • The Chamber's leadership team is busy reviewing applications received for the inaugural Women's Leadership Program with Simmons College. Thanks to all the terrific applicants! All applicants will be notified of their status within the next few weeks.
  • Chamber CEO Paul Guzzi will make his regular appearances on WBZ-AM 1030 and New England Cable News on Thursday.
  • The Chamber will launch its two newest television spots on New England Cable News - focusing on "Networks" and "Leadership." We will post to the blog shortly.
The September e-Calendar will be mailed during the week of Labor Day. But, why wait until then to get informed? Contact our director of member services, Melanie Axman, and let her put together a membership plan that works for you!

Friday, August 20, 2010

Massachusetts adds more than 19,000 private sector jobs in July

Earlier today, the Chamber released the latest Jobs & Policy Update showing that Massachusetts added more than 19,000 private sector jobs in the month of July - the largest monthly private sector job gain in 20 years.

Click here to read the complete Jobs & Policy Update, including the regional breakdown of jobs figures for July.

"Greater Boston" with Chamber CEO Paul Guzzi


Chamber president & CEO Paul Guzzi was a guest last night on WGBH's "Greater Boston" with host Emily Rooney. During the discussion, Paul touches on job creation, the impact of the recently-signed economic development bill, and the latest on the Chamber's "Renew Mass" economic recovery platform. Click here to watch the segment.

July Job Numbers and Tax Revenue "On the Record" with Paul Guzzi


Yesterday, Chamber president & CEO Paul Guzzi joined R.D. Sahl on New England Cable News for his weekly "On the Record" segment. Topics covered include the July jobs numbers indicating that the private sector added more than 19,000 jobs in Massachusetts, as well as state tax collections for the month. Click here to watch the segment.

Wednesday, August 18, 2010

Chamber EVP Katy O'Neil Selected as Part of Boston Business Journal's "40 under 40"

The Chamber is pleased to announce that Katy O'Neil, Executive Vice President, has been selected by the Boston Business Journal as a 2010 "40 Under 40" honoree.

According to Boston Business Journal publisher Christopher McIntosh, "Our 40 Under 40 class reflects the deep talent pool and community spirit that make Boston an economic powerhouse and a great place to live."

The Chamber congratulates Katy, and the "tremendous group of business and civic leaders" who comprise this year's honorees - including numerous members of the Chamber.

Click here to view the complete list of 2010 "40 Under 40" honorees.

Monday, August 16, 2010

Save the Date: Small Business of the Year Awards on October 14



This Week at the Chamber

Even though the formal legislative sessions have concluded, the Chamber is still working hard advocating for our members this week.
  • The July jobs data for Massachusetts will be released on Thursday. The Chamber will mail our monthly Massachusetts Jobs and Policy Update to government leaders later this week, and post the data to the Chamber blog.
  • Paul Guzzi will be a guest on "Greater Boston" hosted by Emily Rooney on WGBH. The show will air Thursday evening at 7 p.m. We'll post clips from the show to the blog this week.
  • Paul will also do his weekly interview with WBZ-1030 AM on Wednesday that will air throughout the day. He will also join NECN on Thursday evening at 6:45 for his weekly "On the Record" segment.
And be sure to watch New England Cable News this week to see the Chamber's newest television ads! We'll post them online as well in the near future.

A sputtering economy & a frustrated JetBlue flight attendant on "This Week in Business"

Yesterday on 'This Week in Business,' the Boston Business Editors Roundtable with 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 hosts Paul Guzzi and Mike Nikitas for their monthly segment. The editors analyze the sputtering economy and discuss the possibility of a double dip. They also talk about FMAP funding that Massachusetts is going to receive and the recent sales tax holiday weekend.

Click here to view this segment.

In the Briefing Room, the editors are back to discuss the headlines that the JetBlue flight attendant made last week and whether or not his frustration captivates a larger worker dissatisfaction. They also discuss stories that their own papers are focusing on, and predict what stories will make headlines in the week ahead.

Click here to view this segment.

On the Business Beat, NECN business reporter Peter Howe talks about a decision on maternity leave made by the state's Supreme Judicial Court, the business that Shaq is bringing to Boston, and the Commonwealth's second application for Race to the Top funds.

Click here to view this segment.

Friday, August 13, 2010

FMAP funding, sales tax holiday & health care legislation 'On the Record'

Last night, Chamber president & CEO Paul Guzzi went 'On the Record' with NECN's RD Sahl to discuss the $655 million in FMAP funding that the Commonwealth will receive from the federal government, projections for the upcoming sales tax holiday weekend, and health care legislation signed this week by Governor Patrick.

Click here to watch this interview.

Thursday, August 12, 2010

Chamber releases July / August 2010 Policy Update

This morning, the Chamber released its July / August 2010 Policy Update. The legislative session came to a formal close on July 31, and several issues that the Chamber has been involved with were acted up. This issue features updates on economic development, health care, the state budget, and casino gaming. It also features highlights from the Chamber's most recent Massachusetts Jobs & Policy Update.

Click here to view the latest Policy Update.

Monday, August 9, 2010

Op-ed by Chamber CEO Paul Guzzi in today's Boston Herald

An op-ed written by chamber president & CEO Paul Guzzi is featured in today's Boston Herald. The op-ed draws attention to the significant economic development bill signed last week by Governor Patrick, and applauds leaders on Beacon Hill and the business community for working together to focus on job creation and to make Massachusetts a more competitive place to do business.

Click here to read the op-ed.

Sales tax holiday & a turnaround at Old Sturbridge Village on 'This Week in Business'

Yesterday on 'This Week in Business,' Jon Hurst, president of the Retailers Association of Massachusetts, joined hosts Paul Guzzi and Mike Nikitas to discuss the upcoming sales tax holiday weekend, the impact of health care regulations on small businesses, and back-to-school shopping.

Click here to view this segment.

In the Briefing Room, Jim Donahue, president & CEO of Old Sturbridge Village, joined to discuss a recent turnaround at the living and breathing historic museum. He talked about what it took to increase traffic and sales.

Click here to view this segment.

On the Business Beat, NECN business reporter Peter Howe discussed new job numbers, the fate of expanded gaming in Massachusetts, the "Giving Pledge," and Shaq coming to Boston.

Click here to view this segment.

This Week at the Chamber

After last week's Annual Summer Reception, Chamber programs will resume in September with a terrific lineup of speakers and networking opportunities. Click here to access the online calendar of events, or sign up to receive the monthly Chamber calendar e-mail.

Nevertheless, this is still going to be a busy week at the Chamber! Check out what is going on over the next few days:
  • Chamber President & CEO Paul Guzzi has an op-ed in today's edition of The Boston Herald on the positive impact that the economic development bill will have on the region's business community. Click here to read the op-ed.
  • Paul Guzzi will be a guest on "Greater Boston" hosted by Emily Rooney on WGBH. The show will air Tuesday evening at 7 p.m. We'll post clips from the show to the blog this week.
  • The Chamber will be launching a radio ad campaign this week touting the impact of the Chamber's "Renew Mass" platform that was included in last week's economic development legislation. We will post the :30 spots to the blog tomorrow.
  • With the recent activity on Beacon Hill at the close of the legislative session, the Chamber will mailing out its Summer Public Policy Update sponsored by M.I.T. Sloan Executive Education to membership. Click here to sign up to receive the monthly update from our public policy team.
  • Paul Guzzi will do his weekly interview with WBZ-1030 AM on Wednesday that will air throughout the day. He will also join NECN on Thursday evening at 6:45 for his weekly "On the Record" segment.
  • The Chamber will be mailing its monthly Massachusetts Jobs Update to federal, state, and local government leaders this week. All of the Jobs Update documents are archived on bostonchamber.com.
  • The "Save the Date" for the Chamber's 26th Annual Small Business of the Year Awards on October 14 will be mailed to members this week. Scott Griffith, chairman & CEO of Zipcars, Inc. will be the keynote speaker at the awards luncheon. Honorees will be announced in September.
Remember, the summer is a great time to contact the Chamber and find out how you can get involved. Melanie Axman, director of member services, is your resource for getting informed, getting active, and getting results from your Chamber membership. If you are a Chamber member, reach out to her this week. You'll be glad you did.

Friday, August 6, 2010

The Economic Development Bill "On the Record" with Chamber CEO Paul Guzzi

Last night, Chamber President & CEO Paul Guzzi went "On the Record" with NECN's R.D. Sahl to discuss the impact of the economic development bill signed into law by Governor Patrick yesterday. As reported on the Chamber blog, the economic development bill included the Chamber's NOL extension and 3-in-3 incentive from the "Renew Mass" economic recovery platform.

Click here to watch the entire segment on necn.com.

Thursday, August 5, 2010

Pictures from last night's Annual Summer Reception Now Online

Thanks to everyone who came out last night for the Annual Summer Reception. More than 250 Chamber members gathered in the Taj Boston's Rooftop Ballroom for a night of networking.

Click here to view pictures from last night's reception. The Chamber would like to thank Citibank for sponsoring the event.

The Chamber is looking forward to an exciting slate of programs in the fall. Visit the online Calendar of Events for the latest information on upcoming programs.

President's Update: Governor Patrick Signs Economic Development Bill with Two Chamber "Renew Mass" Proposals

It is with great pleasure that I write to inform you that the Chamber's net operating loss (NOL) carry-forward extension and "3-in-3" investment incentive were both signed into law by Governor Patrick this morning (see image below).

These significant tax policy changes, which were enacted as part of an omnibus economic development bill, were first proposed by the Chamber in March as part of our Renew Mass economic recovery platform. Their enactment will provide a powerful boost to startups and innovation-based companies in Massachusetts.

This economic development bill also contains important provisions to extend development permits, improve combined reporting rules, and streamline state economic development efforts. Overall, this bill represents a thoughtful and targeted approach to economic and job recovery for Massachusetts. Details on the Chamber's tax incentives are as follows:
  • NOL Extension: A change in the state's net operating loss carry-forward period (currently among the most restrictive in the country) from 5 to 20 years - making the state more competitive for startups, innovation-based sectors, and cyclical industries such as manufacturing, construction, high technology, and life sciences.
  • 3-in-3 Incentive: The creation of a new 3% state capital gains tax rate on investments in Massachusetts-based startups held for at least three years - encouraging in-state startup activity and investment, promoting patient capital among investors, and spurring innovation and product commercialization.
The enactment of this bill, and the Chamber's tax incentives, will mean more jobs, investment, and innovation. In short, it will make Massachusetts a more competitive place to do business. This is a significant win for the Chamber, but more importantly, for the Massachusetts economy. It is an example of what government and the employer community can achieve when they work together.

Thank you very much for your continued support of the Chamber. Today's bill signing would not have been possible without it.

Sincerely,

Paul Guzzi
President & CEO
Greater Boston Chamber of Commerce

Wednesday, August 4, 2010

Annual Summer Reception TONIGHT!

It's not too late to register for the Annual Summer Reception tonight at the Taj Boston's Rooftop Ballroom. We're expecting a great crowd on this gorgeous summer evening!


Check out today's Chamber ad in the Boston Herald

The Chamber has a full-page in today's Boston Herald, with a message from our president & CEO Paul Guzzi on the economic development bill.



The full text of the ad is below:

Legislation Needed for Sustained Economic Recovery

While our state economy is currently outperforming the U.S. economy, a marked slowdown in the national economic recovery is likely to negatively impact Massachusetts. Due to the economic uncertainty that lies ahead, Massachusetts must seize the opportunity to position ourselves to sustain our fragile economic recovery and improve our competitive position.

We have this opportunity in the economic development bill passed last week by the Legislature. This bill contains important provisions to extend development permits, improve combined reporting rules, and streamline state economic development efforts. In addition, the bill contains the Chamber’s “Renew Mass” net operating loss carry-forward extension and “3-in-3” investment incentive – two proposals which will provide a powerful boost to startups and innovation-based companies in Massachusetts.
  • NOL Extension: A change in the state’s net operating loss carry-forward period (currently among the most restrictive in the country) from 5 to 20 years – making the state more competitive for startups, innovation-based sectors, and cyclical industries such as manufacturing, construction, high technology and life sciences.

  • 3-in-3 Incentive: The creation of a new 3% state capital gains tax rate on investments in Massachusetts-based startups held for at least three years – encouraging in-state startup activity and investment, promoting patient capital among investors, and spurring innovation and product commercialization.

These and other key incentives contained in the economic development bill represent a thoughtful and targeted approach to economic and job recovery for Massachusetts. This bill will mean more jobs, investment, and innovation. In short, it will make Massachusetts a more competitive place to do business. The Chamber has urged the Governor to sign this bill into law, and will continue working over the next several days to secure its enactment.

Tuesday, August 3, 2010

Chamber EVP Jim Klocke Quoted in Boston Globe Story on Economic Development Bill

Today, the Boston Globe's featured a column on the economic development bill that was approved by the legislature last week. This important bill contains two of the Chamber's Renew Mass initiatives that are designed to significantly improve Massachusetts’ competitive position and stimulate job creation in our region, with a focus on innovation and investment in Massachusetts-based start-up companies.

Chamber Executive Vice President Jim Klocke was quoted in the article:

...by attracting additional investment from companies expanding in Massachusetts, the chamber estimated the changes would produce an increase of at least $94 million a year in state tax revenue.

“We feel strongly it will be a net revenue producer,’’ Klocke said. “It will make a big difference in our ability to grow jobs in the innovation sector.’’

Click here to read the entire article on boston.com.

For more information on the Chamber's "Renew Mass" economic recovery platform, visit bostonchamber.com.

Monday, August 2, 2010

This Week at the Chamber

This Wednesday, the Chamber will hold it's Annual Summer Reception at the Taj Boston. Join us for a night of networking from the spectacular Rooftop Ballroom. Always a great event, we're expecting another big crowd this year with Chamber members from a variety of industries. Click here to view pictures from the 2008 and 2009 Summer Receptions.


Click here to register for the Annual Summer Reception.

The Massachusetts Taxpayers Foundation & Boston World Partnerships on 'This Week in Business'

Yesterday on 'This Week in Business,' Michael Widmer, president of the Massachusetts Taxpayers Foundation, joined hosts Paul Guzzi and Mike Nikitas to discuss slow economic growth, the potential impact of casino gambling legislation, and the factors that impacted Curt Schilling's decision to move his company to Rhode Island.

Click here to view this segment.

In the Briefing Room, Dave McLaughlin of Boston World Partnerships and Frank Britt, CEO of Pre-Med, joined to discuss what Boston World Partnerships really is, how it works, and what it can do to build the economy.

Click here to view this segment.

On the Business Beat, NECN business reporter Peter Howe joined to talk about a rise in the number of city foreclosures, Massachusetts colleges becoming universities, plans for the Edward M. Kennedy institute, and a drop in Red Sox ratings.

Click here to view this segment