Tuesday, January 10, 2012

Chamber Announces 2012 Business Growth Agenda

Our 2012 Business Growth Agenda is designed to advance the state's overall business climate by focusing on the four key areas outlined below.

Workforce Development
  • Talent Development – Expand the skilled worker pipeline via Chamber Intern Connect, talent retention efforts with the Boston Federal Reserve Bank, and strengthened business-academia relations.
  • STEM (Science, Technology, Engineering, and Mathematics) Education – Build support for STEM education as part of a statewide coalition to strengthen the STEM teacher pool and STEM funding.
  • Public Higher Education – Strengthen state financing for public higher education, including state matching funds for research and innovation grants.
Tax Competitiveness
  • State Tax Administration Reform – Improve state tax administration policies and procedures related to tax regulations, building on the implementation of Chamber tax reforms enacted in 2011.
  • Tax Credits & Incentives – Drive innovation and spur new technologies by increasing the state’s investment tax credit from 3 percent to 5percent, and create a new tax credit to promote energy efficiency among businesses.
  • Net Operating Loss Carry forwards for Financial Institutions and Utilities – Extend NOL carry forwards to the state’s finance and utility sectors, strengthening their competitiveness and bringing tax policy in line with that of most U.S. states.
  • Health Care Payment Reform – Advance payment reform to bring health care cost growth under control, improve the coordination of services, and diminish the use of fee-for-service payments.
  • Unemployment Insurance Reform (UI) – Freeze UI tax rates, thus averting a dramatic rate increase in the first quarter of 2012, and reform UI eligibility policies.
Economic Development
  • Leading Industries – Promote the growth of the region’s economic engines including financial services and life sciences, expanding opportunity for Greater Boston companies and workers.
  • Energy – Lower employers’ energy costs by promoting energy efficiency and expanding regional energy supplies, while promoting new technologies for cleaner and renewable energy.
  • Development – Promote development in critical areas such as the South Boston Waterfront, and remove legal/regulatory barriers to new development.


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