People in business in North Central Massachusetts
Companies by name in North Central Massachusetts
Industries/trades in North Central Massachusetts
As a service to our members, the Chamber advocates on behalf of small businesses on local, state and federal issues affecting the economic climate of our state and in particular of the north central Massachusetts region. Check out what the Chamber has been working on and learn about important legislative changes that affect your business.
As the result of a referendum question on the November 2, 2010 ballot, the law extending the Massachusetts sales and use tax to alcoholic beverages sold at package stores and liquor stores for off-premises consumption, which was enacted on August 1, 2009, has been repealed, effective for sales on or after January 1, 2011. All impacted sellers are advised to review the guidance document issued today by the MA DOR, which can be found here: TIR 10-24: Repeal of Sales Tax on Alcoholic Beverages.
• implements strategically-focused economic development policies that will promote job retention and job creation throughout the entire Commonwealth and within the targeted sectors in which Massachusetts can be competitive.
• enables all segments of the workforce to grow in a coordinated and concentrated manner.
• eliminates redundancy and waste in the economic development activities funded by the government and holds the entities conducting those activities responsible for delivering results.
• facilitates assistance for new and existing businesses,
• strives to ensure that state government is not an obstacle to job creation.
We cannot be content with the status quo when other states consistently win competitions for business in which the Commonwealth also competes.
• We require MOBD to contract for regional “one-stop shopping” and business prospect management services with regionally-based organizations
• Private regional economic development organizations exist throughout most of the Commonwealth and provide many services to businesses.
• These existing organizations were created locally in geographic regions where communities self identified as being economically interdependent.
• Eligible organizations: non-profits, service area of at least 10 municipalities, describe interrelation of economic assets, history of collaboration with businesses, governments, higher ed, other organizations in the identified region, private financial support
• Not eligible organizations: government entities such as RPAs, REBs, Tourism councils, municipal owned entities.
• MOBD’s job will be to oversee the efforts of these organizations, provide leads to the regional organizations and provide information about state programs and services.
• MOBD will provide initial assistance to any business contacting the state and connect the business with the regions.
• Require a written economic development plan to be filed by the Governor by December 31 of the Governor’s first year after being elected at a quadrennial election, with input from an economic development planning council, including members of the regional organizations and including measurable and verifiable performance goals
• Form a commission to study the formation of a state-owned bank
• Make the Secretary of the Executive Office of Housing and Economic Development (EOHED) chair of most quasi-public boards of directors that do economic development work.
• Require most private or quasi-public economic development agencies to publish written comprehensive annual reports each fiscal year, with financial statements audited by the Auditor of the Commonwealth and publish a strategic plan for each year approved by the Secretary of HED.
• Create the office of performance management in EOHED to establish performance measurement standards and techniques for all Executive Branch and quasi-public agencies involved, and any private organizations that receive taxpayer dollars or Commonwealth bond proceeds. Performance results will be used in negotiating contracts.
• The Secretary of HED will publish an annual report on all public lending activities to businesses with an assessment of the economic impact of those activities.
• Include a special report evaluating public lending activities to small businesses
• Require in statute that back office functions of several authorities, including the MA Life Sciences Center, be contracted out, as some authorities already do.
• Eliminate the “Department of Business Development” – instead, MOBD reports directly to the Secretary.
• Re-constitute the Health and Educational Facitilities Authority as a division of the Massachusetts Development Finance Agency, with increased transparency and constraints to ensure that the fees charged to non-profits do not increase during the transition.
• Commission a study by EOHED of energy cost drivers in MA
• Change the administrative procedure act (MGL 30A) to expand the “statement of considerations” currently required for the impact on small businesses and require that the statement be published concurrent with draft legislations.
• A review of existing regulations within four years of enactment for their impact on businesses, and a subsequent review at least every twelve years thereafter.
• Extend for two years (until August 2010) state and local permits held by any developer who has been unable to proceed with their project because of tight credit markets, except for comprehensive permits under 40B
• Allow municipalities to negotiate the percentage of personal property exemption awarded to businesses in a tax increment financing zone
• District Improvement Financing improvements – redefining the inflation factor and making its use optional, and extending the duration of the district.
• Extend manufacturing or R&D property tax credits to disregarded LLCs by local option
• Raise the jurisdiction limit of small claims court from the current $2,000 limit to $7,000. Create a sliding scale of filing fees to discourage corporations which purchase consumer debt from dramatically increasing their use of small claims procedure.
• New program of expedited state permitting in the Commonwealth’s designated growth districts
• Massachusetts Growth Capital Corporation. Combine the Community Development Finance Corporation and the Economic Stabilization Trust into the Massachusetts Growth Capital Corporation in order to provide direct lending and financing assistance to small businesses. Preserve CDFC’s preferences for providing assistance to CDCs and minority and women contractors. Remove current restrictions that loan applications must be submitted through a community development corporation
• Create a certification process for CDC’s in the statute governing Community Economic Development Assistance Corporation.
• The GCC will be empowered to operate a program of loan guarantees and debt restructuring and to continue the mission of the EST to provide turnaround financing and employee ownership transition assistance.
• GCC will create a robust program of financial and managerial consulting assistance for companies it serves which will include collaboration with the SBA and the Small Business Development Center Network.
• Authorize the PRIT to institute a program of working capital support for growth companies. The trust will invest between 25 and 50 Million in a finance company or bank that makes working capital loans to fast growing small businesses. This investment of the pension funds must still adhere to the funds requirements for sound, prudent investments.
• Require that technical assistance be provided in conjunction with any loan (or loan guarantee) to a business by a public entity.
• Emerging Technology Fund. Expand the mandate of the ETF to make working capital loans
• Create a “Massachusetts Marketing Partnership” overseeing the following activities:
• Marketing of the Commonwealth
• Travel and tourism (including sports and film)
• The Partnership includes EOHED. MOBD, MCCA, MassPort, Mass Econ and 6 gubernatorial appointments
• Eliminate MOTT, MOITI and MITCI’s role in managing MOITI
• Continue to fund these operations as currently provided.
• Sales tax holiday for the weekend of August 14 and 15, 2010
• Clarify the application of combined reporting rules to foreign-owned companies doing business in Massachusetts
• Extend the brownfields tax credits
• Extend the current net operating loss carryforward from five to twenty years
• Create a new housing development incentive program within the ceiling of the current economic development incentive program
• Create a new 3% tax rate on capital gains on investments in Massachusetts –based companies, for investment held more than three years
• Allows item pricing in big box, membership stores
• Allows for wine to be sold at agricultural events