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.

September 28, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Our View: Workers need affordable option to return to office

The Eagle Tribune

“People are moving in droves to lower cost jurisdictions,” Eileen McAnneny, president of the Massachusetts Taxpayers Foundation, a fiscal watchdog group, told WBUR. “We may have to more proactively recruit and retain talent than we’ve had to in the recent past.”

August 24, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Mass. is losing its competitive edge

Warnings signs are everywhere, particularly with people leaving the state

Eileen McAnneny ,

Commonwealth Magazine

IT IS A WELL-ESTABLISHED fact that Massachusetts sits at the top of many lists which rank how we compare to other states – on healthcare, on education, on the economy (not to mention our sports teams). And by many of these measures, we have historically done well.

August 17, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Editorial: Costs are forcing Massachusetts residents out

Boston Business Journal

The Massachusetts Taxpayers Foundation said in a report that 750,000 people have left the state over the past three decades, and it’s only gotten worse during the pandemic. One of the main reasons? The high costs of everything from child care to housing to transportation. Businesses are also feeling the pain, both from the resulting workforce shortage and the heavy tax burden our state places on businesses.

August 08, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

RE: H.5034: An Act Relating To Economic Growth And Relief For The Commonwealth

Dear Senate President Spilka and Speaker Mariano:

As a coalition of business organizations, we write to urge you to pass the economic development bill in informal session as soon as possible. Both chambers unanimously passed comprehensive bills with permanent tax relief, critical investments and smart policy. Those unanimous votes indicate the widespread support for advancing such legislation and underscore the importance of the bills’ provisions. We urge you to enact the final version without delay.

August 12, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Report warns Massachusetts could lose competitive edge with rise of remote work

Yasmin Amer ,

WBUR

According to census data, more than 46,000 people emigrated out of Massachusetts between 2020 and 2021, the fourth largest exodus in the country behind New York, California, and Illinois. A new report warns this is one of several concerning trends that could erode the state's economic growth, particularly at a time when more employees can work from almost anywhere.

August 12, 2022
ECONOMIC DEVELOPMENT & COMPETITIVENESS

Is Massachusetts losing its competitive economic edge?

Shira Schoenberg ,

Commonwealth Magazine

THE MASSACHUSETTS Taxpayers Foundation released a dire warning Friday that the state’s competitive economic edge is being jeopardized by the high cost of living and working in Massachusetts.

The core of the argument is not new, but the 44-page report marshals a host of statistics and evidence to argue that pandemic-related factors like the ability to work remotely threaten to worsen existing problems.