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As the initial economic recovery from the COVID-19 pandemic has slowed, a new study from Pioneer Institute finds that governments must continue to provide short-term relief to stabilize small businesses as they simultaneously consider longer-term reforms to hasten and bolster recovery – all while facing a need to shore up public sector revenues.
https://pioneerinstitute.org/wp-content/uploads/pexels-photo-3888048.jpg 1300 861 Darley Boit https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Darley Boit2020-08-20 12:30:452020-08-21 09:38:53Effects of Covid-19 on the Accommodation and Food Services Industry
Since March, lockdowns and safety regulations from the Covid-19 pandemic have dramatically affected the Accommodation and Food Services industry. The sector is predicted to lose at least 2.1 billion dollars in Massachusetts before recovering. These losses affect individuals, businesses, and Massachusetts’ economy as a whole.
https://pioneerinstitute.org/wp-content/uploads/Dollar-bills-1.jpg 1079 1527 Thomas O'Rourke https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Thomas O'Rourke2020-08-14 10:00:422020-08-13 09:52:45Massachusetts PPP Benefits Big Businesses, Data Called Into Question
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The coronavirus has wreaked havoc on all parts of the economy,…
https://pioneerinstitute.org/wp-content/uploads/dollar-in-decline-1.jpg 1412 2124 Nina Weiss https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Nina Weiss2020-08-03 11:00:272020-08-24 10:05:20Data, Attitudes, and Ecommerce: Noteworthy trends in retail for the present and future
Following the July 16th release of the June Retail Sales Report…
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A new guide to economic recovery in the retail and hospitality industries published by Pioneer Institute calls for the federal and state governments to consider consumption-based refundable tax credits for brick and mortar businesses; the federal government to conduct a detailed study of the costs and benefits of suspending employer-side payroll taxes; businesses to pay special attention to developing and marketing their cleanliness, hygiene and contactless procedures; and third-party customer review sites to include comments about the implementation of COVID safety measures to provide options and reassurance to safety-minded consumers
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To advance transparency regarding public funds, Pioneer Institute developed this Paycheck Protection Plan Loan Tracker. This web tool allows you to track PPP loans by recipient, lender, location, industry, and loan range. According to this data, from the Small Business Administration, 18,177 Massachusetts small businesses received PPP loans, which the companies claim retained 738,613 jobs.
https://pioneerinstitute.org/wp-content/uploads/people-wearing-backpacks-1454360-scaled.jpg 1707 2560 Nina Weiss https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Nina Weiss2020-07-07 11:40:482020-08-21 14:03:45One UMass System, Different Reopening Plans
One UMass System, Different Reopening Plans On March 11, UMass…
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“This couldn’t come at a worse time,” said rep. Bill Keating…
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At a time when state tax revenues are plummeting, a plan to modernize sales tax collection could get money into state coffers more quickly, according to a new policy brief published by Pioneer Institute.
https://pioneerinstitute.org/wp-content/uploads/pexels-photo-917494.jpg 1300 1769 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-06-02 09:50:452020-06-10 13:29:48Even for the most remote part of Massachusetts (Franklin County), it’s far from business as usual
The Connecticut River valley is home to some of the most productive…
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Safely bringing employees back into workplaces presents a significant challenge for employers located in office buildings, particularly when it comes to elevator operations and building entry and exit. To address the challenge, managers must develop plans to control the flow of workers, according to a new study published by Pioneer Institute.
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Hampden County, Massachusetts, home of Western New England’s…
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Last month, Pioneer Institute showed that the hospitality and…
https://pioneerinstitute.org/wp-content/uploads/photo-of-abandoned-shopping-cart-on-grass-3283451-scaled.jpg 2389 2560 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-05-22 13:16:262020-05-25 11:16:50Today's Bureau of Labor Statistics estimate of a 15.1 percent unemployment rate in April only reflects half of Massachusetts' COVID-19 unemployment surge
Today's release by the Bureau of Labor Statistics of a 15.1%…
https://pioneerinstitute.org/wp-content/uploads/pexels-photo-2467649.jpg 1253 1880 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2020-05-21 14:23:162020-05-25 11:17:5932.9 percent of the Massachusetts workforce and 26.2 percent of the U.S. workforce have filed unemployment claims over the past nine weeks.
Data released today by the U.S. Department of the shows that 33.0 percent of the Massachusetts workforce and 26.2 percent of the U.S. workforce have filed unemployment claims since the COVID-19 unemployment surge began nine weeks ago.
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In this episode of Hubwonk, Host Joe Selvaggi & Pioneer Research Analyst Rebecca Paxton to get reactions to Massachusetts Governor Charlie Baker’s phased reopening, from the leaders of two statewide business organizations, NFIB and Retailers Association of Massachusetts.
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Standards enforced at the federal and state levels are insufficient to address chronic staffing issues reported by staff and residents’ families at the Holyoke Soldiers’ Home, making that facility particularly vulnerable to the COVID-19 pandemic, according to new Pioneer Institute research.
https://pioneerinstitute.org/wp-content/uploads/pexels-photo-3778952.jpg 1500 1071 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2020-05-15 09:27:242020-05-25 11:21:2228.9 percent of the Massachusetts workforce and 24.1 percent of the U.S. workforce have filed unemployment claims over the past eight weeks.
Data released yesterday by the U.S. Department of Labor and the Massachusetts Executive Office of Workforce Development show that 28.9 percent of the Massachusetts workforce and 24.1 percent of the U.S. workforce have filed unemployment claims over the past eight weeks.
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Over the past two months, we have all learned a great deal about COVID-19 and the efficacy of - and the new challenges created by - our policy responses. Pioneer Institute believes it is time to shift to a more thoughtful, science-based footing in our approach to COVID-19 policymaking. The following are principles for state and local public officials to consider as we move forward.
https://pioneerinstitute.org/wp-content/uploads/Untitled-design-26.png 512 1024 Rebekah Paxton https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Rebekah Paxton2020-05-14 08:00:232020-05-25 11:22:32Where in Massachusetts is being hit hardest by unemployment due to COVID-19?
Pioneer’s new tool, called “COVID Unemployment Tracker,” provides an interactive look at how economic shutdowns in response to the COVID-19 pandemic are affecting jobs and lives across the state of Massachusetts.
https://pioneerinstitute.org/wp-content/uploads/blue-and-white-n95-mask-3993242-scaled.jpg 1707 2560 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2020-05-08 09:06:062020-05-25 11:25:59The past seven weeks of Massachusetts unemployment claims total 25.8 percent of the civilian workforce.
The U.S. Department of Labor released its weekly report on jobless claims Thursday morning at 8:30 a.m., reporting that Massachusetts received 55,448 initial unemployment insurance (UI) claims during the week ended May 2. This brings the total of regular UI claims filed in Massachusetts since March 14, the beginning of the unemployment surge, to 781,110.
https://pioneerinstitute.org/wp-content/uploads/Massachusetts-municipal-budgets.png 512 1024 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-05-06 09:43:042020-05-25 11:26:26COVID-19 will likely lead to a recession. Can Massachusetts municipal budgets handle one?
Using municipalities' experiences during the Great Recession, a new policy brief examines the likely impact of COVID-19 on local property taxes, as well as political implications for state aid. We list the municipal revenues by category among the least tax-reliant communities in Massachusetts, show the trajectory of tax revenue growth rate in Massachusetts state and local governments, and rank stabilization fund assets per capita among Massachusetts Gateway Cities.
https://pioneerinstitute.org/wp-content/uploads/woman-in-green-and-white-stripe-shirt-covering-her-face-with-3991311-scaled.jpg 2560 1647 Greg Sullivan https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Greg Sullivan2020-04-30 14:39:122020-05-25 11:28:48The past six weeks of Massachusetts unemployment claims total 24.0 percent of civilian workforce
The U.S. Department of Labor released its weekly report on jobless claims this morning at 8:30 a.m., reporting that Massachusetts received 70,714 initial unemployment insurance (UI) claims during the week ended April 25. This brings the total of unemployment claims filed in Massachusetts since March 14, the beginning of the unemployment surge, to 725,018.
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Weeks away from re-opening, now is a time when employers and real estate managers must act. To assist our community in doing a great job of preparing, Pioneer Institute, in partnership with the law firm of Verrill, is sharing two checklists that will help you keep your employees safe, anticipate challenges, and develop feasible and useful methods to successfully deal with those challenges when they do.
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New study compares the reopening of three European countries – Austria, Denmark, and Germany – to highlight approaches that could inform the Commonwealth’s reopening strategy.
https://pioneerinstitute.org/wp-content/uploads/pexels-photo-259950.jpg 1500 2514 Andrew Mikula https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Andrew Mikula2020-04-28 16:14:442020-05-25 11:30:44States across the country have enacted eviction moratoriums. What does this mean for the housing market in the long-term?
Last week, Massachusetts Governor Charlie Baker signed a bill…
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Based on today’s jobless claims report, Pioneer Institute projects that the current unemployment rate in Massachusetts is at least 20.4 percent, with a minimum of 762,299 currently unemployed individuals.
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In this episode of "Hubwonk," host Joe Selvaggi and Pioneer’s Chief Financial Officer & Director of Government Transparency, Mary Connaughton, speak with attorney and entrepreneur Kosta Ligris about how Massachusetts’ requirement for live attestation for many vital contracts is putting attorneys and clients at risk of exposure to coronavirus.
https://pioneerinstitute.org/wp-content/uploads/Untitled-design-18.png 512 1024 Editorial Staff https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Editorial Staff2020-04-20 08:31:042020-07-17 13:44:08Hospitality, Retail Trade, Healthcare Among ‘Most Vulnerable Industries’ in Terms of Unemployment due to COVID-19
Recent data provided by the Massachusetts Executive Office of Labor and Workforce Development show that hospitality, retail trade, healthcare and social assistance, and construction are the industries that have suffered the most unemployment as a result of the coronavirus outbreak, according to the new Pioneer Institute report, “A Look at the Massachusetts Industries that are Most Vulnerable Due to COVID-19.”