Press Releases on the Massachusetts Economy

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Ballot Question 1: Risks & Regulations Regarding Right to Repair

Join host Joe Selvaggi and security technologist Prof. Bruce Schneier as they discuss risks associated with car telematics as well as how best to ensure public safety in the future of the internet of everything.
October 13, 2020/by Editorial Staff

Small Business Life Support: Policy Relief for Firms Sickened by COVID?

Host Joe Selvaggi talks with Pioneer Institute’s Andrew Mikula and Retailers Association of Massachusetts' Jon Hurst about the state of small business in Massachusetts six months into the pandemic.
October 6, 2020/by Editorial Staff

Pioneer Report Underscores Wide Disparities in Economic Performance between Industry Sectors in Massachusetts

Service-based industries have significantly outperformed manufacturing and other traditional blue-collar economic sectors in Massachusetts since 2008, according to a new report from Pioneer Institute that draws on data from the MassEconomix web tool. In “Broad Industry Sector Trends in Massachusetts, 1998-2018,” two decades of data show fluctuating employment changes across the state, as well as changes in firm size and the types of firms disproportionately headquartered in the Commonwealth.
September 28, 2020/by Editorial Staff

Study: Economic Recovery from COVID Will Require Short-Term Relief, Long-Term Reforms

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.
September 24, 2020/by Editorial Staff

Massachusetts PPP Benefits Big Businesses, Data Called Into Question

August 14, 2020/by Thomas O'Rourke

Where Did the Largest PPP Loans Go? Assessing the distribution of loans by industry

The coronavirus has wreaked havoc on all parts of the economy,…
August 13, 2020/by Nina Weiss

Non-Profits Facing COVID-19: Charles River’s Esplanade Association on Why It’s No Walk in the Park

Join host Joe Selvaggi as he talks with Esplanade Association’s executive director Michael Nichols about how he and other non-profits adapt to a surge in demand for services while coping with a collapse in fundraising opportunities.
August 11, 2020/by Editorial Staff

Data, Attitudes, and Ecommerce: Noteworthy trends in retail for the present and future

Following the July 16th release of the June Retail Sales Report…
August 3, 2020/by Nina Weiss

New Study Offers Guide to Recovery in MA Retail, Accommodation and Tourism, and Restaurant Sectors

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
July 28, 2020/by Editorial Staff

PPP Loan Tracker

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.
July 7, 2020/by Editorial Staff

Pioneer Institute Study Calls for Streamlining State Sales Tax Revenue Collection

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.
June 10, 2020/by Editorial Staff

Even 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…
June 2, 2020/by Andrew Mikula

Study: Safely Reopening Office Buildings Will Require Planning, Innovation

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.
June 1, 2020/by Editorial Staff

38.8 percent of the Massachusetts workforce and 28.3 percent of the U.S. workforce have filed unemployment claims over the past ten weeks.

Data released today by the U.S. Department of Labor shows that 38.8 percent of the Massachusetts workforce and 28.3 percent of the U.S. workforce have filed unemployment claims since the COVID-19 unemployment surge began ten weeks ago.
May 28, 2020/by Greg Sullivan

Once anchored by higher education, Hampshire County, MA finds itself out of work after a cancelled semester

The 38,000 college and university students at the Five College…
May 28, 2020/by Andrew Mikula

In Hampden County, COVID-19 exacerbates a stark employment divide between urban and rural areas

Hampden County, Massachusetts, home of Western New England’s…
May 27, 2020/by Andrew Mikula

As stay-at-home orders remain in place at the start of summer tourist season, COVID-19 takes a bite out of resort towns’ economies

Last month, Pioneer Institute showed that the hospitality and…
May 26, 2020/by Andrew Mikula

Survey Suggests Demand for Telecommuting After COVID-19 Crisis

Citing an avoidance of the commute and more flexible scheduling, nearly 63 percent of respondents to Pioneer Institute’s survey, “Will You Commute To Work When The COVID-19 Crisis Is Over?” expressed a preference to work from home one day a week, and a plurality preferred two to three days a week, even after a COVID-19 vaccine is available. Respondents cite social isolation as the biggest drawback of remote work. The survey was conducted from April 22nd to May 15th, and received responses from over 700 individuals.
May 26, 2020/by Editorial Staff

Today’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%…
May 22, 2020/by Andrew Mikula

32.9 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.
May 21, 2020/by Greg Sullivan

Hubwonk Ep. 6: COVID-19 and Commerce: Main Street’s Concerns with Governor Baker’s Course

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.
May 19, 2020/by Editorial Staff