January 26, 2023
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Healey tells business leaders Mass. will compete at ‘new, historic levels’

Benjamin Kail ,

Boston Business Journal

Last summer, a report from the Massachusetts Taxpayers Foundation suggested high costs and taxes were helping drive tens of thousands of taxpayers out of the state every year. Between 2010 and 2019, about 800,000 tax filers with a combined $65 billion in adjusted gross income, left Massachusetts, based on Internal Revenue Service and U.S. Census Bureau data, the group said.

January 21, 2023
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Competitiveness is the key: Here’s what’s needed

In Mass., being competitive is fundamentally about people

JD Chesloff ,

Commonwealth Magazine

Yet, even with this solid foundation, there are warning signs we must heed.

According to a recent report from the Massachusetts Taxpayers Foundation, Massachusetts lost 46,000 residents in 2021, the 4th greatest state population loss in the country.

December 24, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Editorial: Hard choices needed to save Massachusetts

The Sun

The Massachusetts Taxpayers Foundation, in a report released last week, said the state’s population already was aging and growing at a slower rate before the COVID-19 pandemic, but that’s been “exacerbated” by employees’ ability to work remotely, which gave them the mobility to take new jobs in a tight labor market.

MTF President Eileen McAnneny said the state’s talent pipeline is contracting, a threat to sectors that have traditionally helped the state economy grow, like higher education and health care.

December 20, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Rate of Massachusetts residents leaving the state the highest since 2005

WWLP-22 News

The pandemic put a strain on our workforce here in Massachusetts. The latest report from the Massachusetts Taxpayers Foundation (MTF) found startling trends when it comes to the population of Massachusetts, and they were all exacerbated by COVID-19.

December 21, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Massachusetts economy threatened by changing demographics, report warns

Massachusetts Taxpayers Foundation urges aggressive action to reverse the trends

Paul Tuthill ,

WAMC

Demographics pose a problem for the health of the Massachusetts economy. The state’s population is aging. The number of people in the workforce is declining.

While policy makers may not be able to do anything to increase the birth rate, there are steps to take to encourage young adults to stay in Massachusetts, or perhaps move here. That is the message to state legislators in a new report from the business-backed Massachusetts Taxpayers Foundation.

WAMC’s Pioneer Valley Bureau Chief Paul Tuthill spoke with MTF President Eileen McAnneny.

December 15, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Report: Mass. Economy Threatened by Demographic Shifts

Michael Norton ,

State House News Service / Banker and Tradesman

The Massachusetts Taxpayers Foundation, in a report released Wednesday, said the state’s population was aging and growing at a slower rate before the COVID-19 pandemic, but the trends have been “exacerbated” by more employees being able to work remotely and move to take new jobs in a tight labor market.

MTF President Eileen McAnneny said the state’s talent pipeline is contracting, a threat to sectors that have traditionally helped the state economy motor along, like higher education and health care.

December 15, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Low birth rates, slow immigration harms state workforce

Mass. Taxpayers report flags demographic challenges

Shira Schoenberg ,

Commonwealth Magazine

“The decline in the birth rate over the past few decades, the aging of our population, the shrinking of our workforce age population, and then the reduction in international immigrants into Massachusetts, all are somewhat troubling because it means our workforce has been and will continue to contract,” said Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a business-backed group. “I think the trends were ongoing. I think COVID exacerbated some of it.”

December 14, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Massachusetts labor shortage driven by aging population, people leaving the state, report says

Gayla Cawley ,

The Boston Herald

The jobs are there in Massachusetts, but nobody seems to want them, says a new report, which shows there are twice as many job openings as unemployed people in the state.

The report, released Wednesday by the Massachusetts Taxpayers Foundation, lays out a grim economic outlook for the state, which is facing a contracting workforce driven by an aging population, declining birth rate and people choosing to move elsewhere at the fourth-highest rate in the country.

December 14, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

People leaving Mass., workforce shortages harming state economy, report says

Alison Kunitz ,

MassLive

An overwhelming outmigration of Bay Staters, an aging state population and a shrinking number of international college students are among the demographic trends imperiling the economic growth potential and labor market in Massachusetts, a new report sent to lawmakers finds.