Economy

Mass. Congress Members: Keep Control Towers Open

March 22, 2013

BOSTON — Six of the towers facing the budget ax serve Massachusetts airports.

Mass. Awarded $44M In Film Tax Credits In 2011

March 22, 2013

BOSTON — That’s a jump from the $18 million in film tax credits awarded in 2010.

Mass. Jobless Rate Drops To 6.5 Percent; 500 Jobs Added In Feb.

March 21, 2013
(March 2013 figures from the state Office of Labor and Workforce Development)

BOSTON — The state labor department says Massachusetts has now surpassed pre-recession overall jobs levels.

Single Parents In Massachusetts Struggling, Study Finds

March 21, 2013

BOSTON — An estimated three in four families led by a single parent in Massachusetts do not earn enough money to make ends meet, according to a recent study.

Report: 3 Minimum Wage Jobs Needed To Afford A Mass. 2-Bedroom Apartment

March 20, 2013
In Massachusetts, minimum wage earners would have to work 120 hours per week to afford a two-bedroom apartment (Courtesy National Low Income Housing Coalition)

BOSTON — An employee earning the Massachusetts minimum wage would have to work three of those jobs to afford a two-bedroom apartment in the state, according to a new report.

Colleges Say Federal Cuts Could Cause Brain Drain

March 16, 2013
Massachusetts Institute of Technology doctoral candidate in mechanical engineering Nikolai Begg poses in an MIT workshop in Cambridge, Mass., Friday, March 15, 2013. Begg is concerned about whether government funding losses could force undergraduates who are contemplating higher degrees to enter the workforce for financial reasons, meaning a loss of American ingenuity in the end. (Michael Dwyer/AP)

BOSTON — University officials say they’re worried research funding cuts could lead young scientists away from discovery.

State Throws Support Behind New Bedford Wind Energy Efforts

March 11, 2013

NEW BEDFORD, Mass. — Massachusetts officials are pledging support for a New Bedford port project the city hopes will attract offshore wind developers.

Former Supplier Questions Cape Wind’s Future

March 11, 2013
A large wind turbine, similar to the devices Cape Wind Associates would like to construct in Nantucket Sound, stands next to Hull High School. (Stephan Savoia/AP)

MIDDLEBOROUGH, Mass. — The president of a company expected to supply steel for Cape Wind’s offshore turbines is doubting the project’s commitment to domestic wind production.

57 Mass. Economists Back Patrick’s Tax Hike

March 11, 2013

BOSTON — The university economists said that the investments are critical to the state’s long-term economic health.

Boston Family Finds Riches In Arctic Adventure

March 11, 2013
Marcus, Kristin, Winston, and Nora (left to right) left their "Arctic Dream" in the summer of 2012 to return to Boston. (Courtesy Winston Chen)

BOSTON — Imagine retiring from your job — but only for a year. That’s how one Massachusetts family ended up living on an Arctic island and having an adventure that changed their fortunes.

Lawmakers: Obama Wooing Might Break Budget Logjam

March 10, 2013

WASHINGTON — Republicans cautioned that years of hurt feelings were unlikely to heal simply because Obama dined last week with GOP lawmakers.

Mass. Added 16,100 Jobs In Jan.; Jobless Rate Holds At 6.7 Percent

March 7, 2013

BOSTON — Revised federal numbers also show the state gained, in 2011 and 2012, 32,100 more jobs than previously estimated.

Future Of Charitable Giving In Boston Looks Positive, Study Finds

March 5, 2013

A new study finds as much as $1 trillion could go to Boston nonprofits over the next 50 years.

Boston’s Federal Workers Fear Sequester Furloughs

March 1, 2013

BOSTON — Across Massachusetts, many government workers will be getting furloughed as a result of the budget cuts.

Mass. Republican Lawmaker: Sequester Cuts Painful But Necessary

February 27, 2013

BOSTON — Rep. Vincent deMacedo says the sequester cuts may be a bitter pill the country has to swallow.

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