SBA Massachusetts Names Unic Pro Woman-Owned Business of Year
The U.S. Small Business Administration has named Unic Pro Inc. the 2018 Woman Small Business Owner of the Year for Massachusetts.
Average Home in Massachusetts Requires Income of $101K
To afford an average home in Massachusetts based on a 30-year mortgage and 10 percent down, one would need to make a salary of $101,320, according to a recent study by HowMuch.net.
Study: Fed Rate Hike Will Impact MA Communities
With the Federal Reserve slated to raise the federal funds rate this week, the cost of debt is expected to increase another $1.6 billion for U.S. households, according to WalletHub. This will bring added pressure to communities in Massachusetts including Hingham, Needham and Marshfield, among others.
MA Joins Cohort of States in First Effort to Streamline Fintech Licensing Process
Massachusetts became just one of seven states to sign an agreement yesterday that should significantly streamline the licensing process for fintech companies.
Study: MA Residents Average $42.K In Debt
The average Massachusetts resident has $42,000 in debt, according to a recent study from GoBankingRates.
Massachusetts Nation’s Second Most Expensive State For Common Expenses
The average Massachusetts resident spent about $52,000 on common expenses in 2016, which includes housing, utilities, health care services, food and gas, among other items, according to recently released analysis from from the Bureau of Economic Analysis.
Massachusetts Division Of Banks Releases November News
The Massachusetts Division of Banks recently released its news from November of this year.
State-Chartered Banks Increase Net Income; Assets Decline
State-chartered banks in Massachusetts collectively reported roughly $2.6 billion in net income through the first nine months of 2017, up about $353 million from the end of the third quarter of 2016.
Survey: Community Banks View MA Market Favorably, But Better In Major Cities
In general, community bankers view the Massachusetts market as favorable, although it is clear that those closer to major cities in the market are doing much better than those in rural areas or Gateway Cities.
Massachusetts Turns Up $32.83B In Student Loan Debt
The Consumer Financial Protection Bureau has collected complaints pertaining to student loan repayment issues over the last five years.
Massachusetts Has Another Big SBA Lending Year
Massachusetts is coming off another strong year of small business lending.
Study: Growth In Massachusetts Cities Slower Than Other Parts Of Country
Many cities in other parts of the country have grown faster than cities in Massachusetts over the last seven years, according to a recent WalletHub study.
MA Employers Express Optimism In September
Employers in Massachusetts felt more optimistic about the state’s economic outlook in September than they have all year.
Large Banks Control About 65 Percent Of Massachusetts Deposits
Large banks continued to dominate market share in terms of deposits, with six banks controlling about 65 percent of the market in Massachusetts, according to recently released FDIC data for the end of the second quarter of this year.
Massachusetts Unemployment Drops To 4.2 Percent
Unemployment in Massachusetts dropped to 4.2 percent in the month of August, once again bringing the number of people that do not have a job, but have actively looked in the last four weeks, below the national average of 4.4 percent.
Nine Fewer Banks In Massachusetts From One Year Ago
At the end of the second quarter, there were nine less banks in Massachusetts from one year ago and roughly $6 million fewer assets controlled by the remaining 128 banks in the state, according to recently released FDIC data.
Massachusetts Unemployment Rate Falls Into Line With US Rate
Massachusetts lost 200 jobs in July as the state’s unemployment rate slid into line with the national rate at 4.3 percent, the first time unemployment in the state has not been lower than the country overall since 2008.
State Division Of Banks Announces CU Changes
In the month of July, the Massachusetts Division of Banks allowed, or received applications, regarding credit unions looking to merge, expand membership and to relocate, close or establish branches.
Massachusetts GDP Grows 4 Percent In Q2
Wage and salary growth boosted real gross domestic product in Massachusetts by 4 percent in the second quarter of 2017, outpacing real GDP growth in the U.S. of 2.6 percent during the same period.
MA Life Sciences Jobs Reach New High
Life sciences jobs in Massachusetts hit an all-time high in 2016 and the industry will have thousands of new jobs to fill in the coming years, according to a report released Wednesday morning at a conference in Boston.
