
PLAYING
TO WIN - State Representative George Peterson delivers opening
remarks at BHI's recent State House conference on competitiveness
as Director of Research John Barrett (L). Mass. Department
of Business and Technology Renee Fry and BHI Senior Economist
Jonathan Haughton ewait to offer their remarks on how to
promote the right mix of policies to keep the Bay State
on top.

REGULATORY
ROADBLOCKS - American Alarm and Communications President
Richard Sampson underscores the need to streamline the state's
bureaucracy at BHI's conference on April 25
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While
it consistently ranks as a major league high-technology state
and center of finance, Massachusetts must persistently “play
to win” if it wants to sustain economic growth and a high
level of per capita income. That’s the message delivered by
several participants at The Beacon Hill Institute’s “Playing
to Win in Massachusetts” conference on April 25 at the State
House.
Building
upon BHI’s trendsetting Metro and State Competitiveness Reports,
the conference identified the prospective “obstacles to our
competitiveness”: namely housing, transportation, human capital
and business and government collaboration. The event sought
to bring together a forward-thinking group of academics, business
leaders, legislative aides and elected officials.
“Competitiveness
is a long-term concept,” said Senior Economist Jonathan Haughton.
“The fundamentals here remain (strong) but those could be
nullified quite quickly by the high cost of housing.”
Director
of Research John Barrett underscored the importance of developing
and retaining the region’s advantage in human capital as policymakers
worry about the increasing rate of “brain drain” due in part
to housing costs. He also spoke of the need for public and
private partnerships.
Renee
Fry, Director of the Department of Business and Technology,
noted that while the business climate in Massachusetts has
improved dramatically over the last decade, the Bay State
still is tagged with the “Taxachusetts” label. Some longstanding
issues like higher unemployment insurance costs need to be
addressed. She spoke of ongoing efforts by the Romney administration
to increase affordable housing by offering towns incentives.
Jonathan
Seelig, Managing Director of Globespan Capital Partners, a
venture capital firm in Boston, noted the strength of the
state’s diversified private sector that drives the state’s
competitiveness. When it comes to human resources, technology,
business incubation Massachusetts does well but it needs to
improve its tax and fiscal policies. However, Seeling noted
that some firms are finding it difficult to recruit medium
skilled workers and managers because of housing and transportation
challenges.
Michael
George, CEO of Bowstreet Software and a Suffolk University
trustee, spoke of the state’s strengths such as a highly skilled
workforce when his company needed to expand. In 2003, his
firm moved to Tewksbury from New Hampshire, which was attractive
because it offered lower cost housing.
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