Press Releases on the Massachusetts Economy

Aki Balogh on How U.S. Diversity Drives Business

This week on JobMakers, host Denzil Mohammed talks with Aki Balogh, immigrant from Hungary and cofounder of MarketMuse, which created an artificial intelligence powered content intelligence and strategy platform; and cofounder of dlc.link, which aims to decentralize Bitcoin. Moving to the U.S. after fleeing post-communist Hungary, Aki and his family did whatever they could do to survive, and that included delivering newspapers and phone books, and even starting a computer repair business at 15, as a young teen. Today, Aki is a pioneer in content intelligence technology and has created more than 90 jobs in the past eight years.

July 21, 2022/by Editorial Staff

New Report: Massachusetts Maintains Reasonable Debt Relative to GSP

Massachusetts has more debt than any New England state. Can we afford to pay it off or will we hand it down to future generations?

July 19, 2022/by Joseph Staruski

Chet Manikantan: Innovation Machine

This week on JobMakers, host Denzil Mohammed talks with Chet Manikantan, immigrant from India and founder of Aegis Studios, which builds crypto games. Chet was founder of a string of companies and a partner at two venture firms, but he was almost denied the opportunity to innovate and create jobs in the U.S. by our outdated immigration system, if not for a chance encounter that led to a workaround for select foreign-born entrepreneurs. And he’s keenly aware and grateful that this country gave him what he needed to succeed, as you’ll learn in this week’s JobMakers podcast.

July 14, 2022/by Editorial Staff

New Hampshire Tax Burden Dramatically Less than Massachusetts

New Hampshire collects less than half the amount of taxes per capita as Massachusetts. How do they do it, and which strategy produces better outcomes?

July 14, 2022/by Joseph Staruski

Pedro Zamora on Immigrant Entrepreneurs in Kansas City

This week on JobMakers, host Denzil Mohammed talks with Pedro Zamora, executive director of the Hispanic Economic Development Corporation of Greater Kansas City. Pedro and his organization work on initiatives that are crucial to the economic vitality of the area, and they’ve helped more than 4,700 businesses. Immigrants there are having an outsized economic and cultural impact, and so Kansas City is yet another example of how localities can bounce back and benefit from immigrants and refugees, as you’ll learn in this week’s JobMakers podcast.

July 7, 2022/by Editorial Staff

Survey of Business Sentiment: MA Income Tax Hike Would Lead to Employer Exodus

Nearly three quarters (73 percent) of Massachusetts business leaders think business associates will leave the state if a constitutional amendment appearing on the November ballot to hike taxes is successful, according to a survey conducted by Pioneer Institute.

July 6, 2022/by Editorial Staff

Looming Budget Crisis Reveals MBTA’s Dependency on Federal Funds

The MBTA is about to lose federal funding at a critical moment when ridership has not yet recovered. Will the state make up the difference?

July 5, 2022/by Joseph Staruski

Mei Xu on the Slow Burn to Success

This week on JobMakers, host Denzil Mohammed talks with Mei Xu, immigrant from China and founder of Chesapeake Bay Candle, which was acquired by Yankee Candle parent company Newell Brands for $75 million. Mei describes the journey to entrepreneurship, including a rough start, with dashed dreams and miserable timing that forced her to create opportunities for herself. Today, she seeks to empower women business owners around the world, to show them that they too can expand economies and horizons with a little guidance.

June 30, 2022/by Editorial Staff

Emigration from Massachusetts is at a Decade High, Despite Booming Economy and High Standard of Living

The economy is doing great, so why are people leaving Massachusetts?

June 23, 2022/by Joseph Staruski

Cris Ramón on How to Build Up Immigrant Businesses

This week on JobMakers, host Denzil Mohammed talks with Cris Ramón, son of immigrants from El Salvador, immigration policy analyst, and coauthor of the new report, Immigrant Entrepreneurship: Economic Potential and Obstacles to Success published by the Bipartisan Policy Center.

June 23, 2022/by Editorial Staff

Taxation Without Legislation: Exploring Inflation’s Causes, Curses & Cures

Hubwonk host Joe Selvaggi talks with Bloomberg Columnist and National Review Editor Ramesh Ponnuru about the reasons for the sustained spike in inflation, its impact on savers and consumers, the possible policy remedies, and the likely intensity and duration of this cycle.

June 21, 2022/by Editorial Staff

Hubwonk360 Video: If we tax them, will they leave?

In this brief, six-minute video, Pioneer Institute Executive Director Jim Stergios and Director of Government Transparency, Mary Z. Connaughton, walk through an amendment to the Massachusetts constitution that could dramatically increase the income tax on retirees and small businesses.

June 20, 2022/by Editorial Staff

Julie King Brings Authentic Mexican Cuisine to Boston

This week on JobMakers, host Denzil Mohammed talks with Julie King, immigrant from Mexico and founder of Villa Mexico Café in the financial district of Boston. They discuss the challenges of re-launching a career in a new country. It’s not atypical for an immigrant to start at a lower rung of the economic and social ladder than they previously enjoyed - but it’s a win when they persevere despite the pains, and thrive.

June 16, 2022/by Editorial Staff

Lifelines for the Untethered: Research to Reach and Recover Homeless Americans

This week on Hubwonk, host Joe Selvaggi talks with Stephen Eide, Senior Fellow at the Manhattan Institute about his newly released book, Homelessness in America: The History and Tragedy of an Intractable Social Problem, in which he asserts that a better understanding of the many challenges facing each homeless individual can lead to a tailored and more durable policy solution to this enduring societal problem.

June 14, 2022/by Editorial Staff

As States Compete for Talent and Families, Massachusetts Experienced a Six-Fold Increase in Lost Wealth Compared to a Decade Earlier

With competition for businesses and talent heating up across the country, in 2020 Massachusetts shed taxpayers and wealth at a clip six times faster than even just a decade ago. Between 2010 to 2020, Massachusetts’ net loss of adjusted gross Income (AGI) to other states due to migration grew from $422 million to $2.6 billion, according to recently released IRS data now available on Pioneer Institute’s Massachusetts IRS Data Discovery website. Over 71 percent of the loss was to Florida and New Hampshire, both no income tax states.

June 9, 2022/by Editorial Staff

Property Crime Rates and Motor Vehicle Theft in Eastern Massachusetts Cities

An article published in May by WBUR shined a light on the recent…

June 7, 2022/by Mitch Bove

Empowered or Exploited Entrepreneurs: Voters Determine Rideshare Drivers’ Fate on November Ballot

Hubwonk host Joe Selvaggi talks with communications expert and cofounder of South & Hill Strategies Lizzy Guyton about what the research on the profiles and preferences of rideshare drivers tells us about the industry, and the possible effects of designating independent contractors as employees.

June 7, 2022/by Editorial Staff

Healthcare Employs More on Cape Cod Than Any Other Sector

Despite being a major tourist destination, the largest employment sector on Cape Cod is not related to tourism: it is healthcare!

June 3, 2022/by Joseph Staruski

Daniel Perez Takes Tenacity to Transport

This week on JobMakers, host Denzil Mohammed talks with Daniel Perez, immigrant from Colombia and founder, president and CEO of DPV Transportation Worldwide, based in Everett, Massachusetts. Daniel shares what it meant to tap into his entrepreneurial spirit and become a success, pivoting into healthcare and community service when the transportation sector was impacted by the pandemic, and finding a way to use his fleet for good.

June 2, 2022/by Editorial Staff

Searching For Space: Massachusetts Real Estate in a Time of Covid

Hubwonk host Joe Selvaggi talks with real estate expert and broker/owner Pauline Donnelly about the disruption and trends created by the Covid-19 pandemic and steps buyers and renters can take to become more informed, prudent, and competitive in the frenzied market of Greater Boston and Martha’s Vineyard.

May 31, 2022/by Editorial Staff

With Declining Enrollment, Public Colleges in Massachusetts Cut Back Adjunct Faculty Positions

The number of adjunct faculty positions is declining at public colleges and universities in Massachusetts.

May 26, 2022/by Joseph Staruski