Tag Archives: Massachusetts economy

Oh no! IKEA pulls out of Somerville!

The cosmopolitan dream is done. IKEA to back out of long-planned development in Assembly Square. Curtatone tries to put a spin on an “impediment” removed by the Swedish furniture giant’s decision not to build. According to the Boston Globe After more than a decade of planning, furniture giant Ikea had decided not to build a second Massachusetts store at Assembly…

Read More »

With Bialecki and Patrick it’s always the other guys fault

After multiple years of being the outlier of business competitiveness rankings when it came to Massachusetts, CNBC finally came in line with other rankings.  It finally showed, what most business people understand, Massachusetts is not that friendly of a place to do business.  If you are Greg Bialecki, the Secretary of the Executive Office of Housing and Economic Development and…

Read More »

Mass Biz Confidence Ranking takes second biggest drop ever this month

By: Michael Norton, State House News Service (Boston, MA) An index that measures business confidence among Massachusetts employers last month took its second biggest tumble in its 21-year history. The Associated Industries of Massachusetts Business Confidence Index fell 8.5 points in June to 48.3 – readings below 50 are considered in negative territory. “We had noted intermittent signs of weakening…

Read More »

BHI Forecast: State tax revenues to increase by 4.4% in FY 2012 and by 4.1% in FY 2013

(BOSTON ) -The Beacon Hill Institute at Suffolk University (BHI) estimates that Massachusetts state tax revenues will come in at $21.411 billion for Fiscal Year 2012, for a growth of 4.4% over FY 2011.  Revenues will be $22.287 billion for FY 2013, 4.1% above 2012.   David G. Tuerck, Executive Director of the Institute and Chairman of Economics at Suffolk…

Read More »

Faster and Stronger?

POST BY DAISY
My frustration with the Governor’s use of the phrase “faster and stronger” is one of the things that drove Dan to say “stop venting to me about it, vent to the internet!” So here I go. Dan has previously touched on Governor Patrick’s much-used phrases to describe the Massachusetts economy: “on the mend and on the move”…

Read More »