Audit Shows MGCC Misreported Job Creation Statistics
The Massachusetts Growth Capital Corporation, a quasi-public agency that works to foster economic growth and create jobs in economically distressed communities, has found itself in hot water.
A Complex Recipe for Housing Financing
Unlike in Boston’s red-hot real estate market, the market-rate units in Gateway Cities cannot cross-subsidize affordable units due to relatively low rents.
Spilka Offers More Details on Economic Development Reform
After alluding to tax and economic development reform in an address to her colleagues last week, state Senate President Karen Spilka sketched out a few more details of her approach to taxation over the weekend.
Senate Pres. Spilka Calls for New ‘Economic Development Framework’
State Senate President Karen Spilka sketched out an ambitious agenda for the next two years as she was sworn in on Wednesday, calling for a new “economic development and tax framework,” and promising to pour funding into public education.
GE Mess Should Serve As Warning for Boston Pols
The rich subsidy package that brought General Electric’s headquarters to the Boston waterfront was not long ago hailed as a landmark win for both the city and the Bay State as a whole.
MA Among Few States That Did Not Respond to Eminent Domain Ruling
Thirteen years ago Saturday, the U.S. Supreme Court ruled that a private organization could legally use eminent domain powers granted by the city to seize private property in a seaside Connecticut neighborhood and hand it over to another private corporation in the name of economic development.
Country Bank Donates Former Building for Economic Development
Ware-based Country Bank is giving a piece of its former self to the community.
‘Different Animals’ Amazon Could Require Own Legislation
On the hunt for a second headquarters, Amazon doesn’t quite fit into the state’s current set of job-boosting programs, according to Gov. Charlie Baker, who raised the idea of a bespoke piece of legislation to suit the tech giant’s needs.
Who Are You Calling ‘Blighted’?
The dreary and stunningly mediocre Charles River Park apartment complex is all that remains of a big chunk of the old West End, torn down via eminent domain by Boston officials back in the 1950s.
Wells Fargo To Provide $800K To Brookline Economic Development Fund
Wells Fargo & Co. announced earlier this week that it will provide $800,000 to the Local Enterprise Assistance Fund (LEAF), the mission of which is to promote human and economic development by providing financing and development assistance to cooperatives and social purpose ventures that create and save jobs for low-income people.
$1B Economic Development Legislation Becomes Law
Gov. Charlie Baker signed new economic development legislation into law today, funding up to $1 billion in community and workforce investments.
Baker Bullish On Prospects For $918M Economic Development Bill
His proposal hasn’t even received the...
