Patrick package looks to boost Mass. economy

Gov. Deval L. Patrick this month announced an economic-development package that extends business incentives to innovative companies, invests in the state’s Gateway Cities program and provides other workforce-training tools. More

To continue reading this article, please do one of the following.



Patrick package looks to boost Mass. economy

Posted 4/21/14

BOSTON – Gov. Deval L. Patrick this month announced an economic-development package that extends business incentives to innovative companies, invests in the state’s Gateway Cities program and provides other workforce-training tools.

The legislative package includes creation of a Global Entrepreneur in Residence Program, designed to retain and attract entrepreneurs who are growing companies and creating jobs in the state. According to a statement, the program will allow “qualified, highly skilled, international students currently in Massachusetts to stay here after graduation if they are starting or growing a business.”

The package will also codify Patrick’s STEM Advisory Council, a public-private collaborative effort to increase student interest and proficiency in science, technology, engineering and mathematics. Other items included in the package are:

Expand the state’s international marketing efforts to increase foreign travel, business for tourism-related industries and tax revenue.

Recapitalize MassVentures, the state’s public venture-capital-investment agency.

Revamp the research and development tax credit program to give companies whose expenditures are rising a larger credit.

The governor’s plan also invests in the state’s 26 gateway cities, which include Fall River and New Bedford. Gateway cities are defined as “midsize urban centers that anchor regional economies around the state,” facing “stubborn social and economic challenges” while retaining “many assets with unrealized potential.”

Patrick expects the economic-development package to represent a multiyear, $100 million investment. •

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement