Join the Massachusetts Apprentice Network for the one-year anniversary of its launch.
9:30am - 11:00am
Greater Boston Chamber of Commerce
This event will explore why in-game advertising is becoming the next big advertising channel and how companies can tap into the gaming ad space.
5:30pm - 7:30pm
Thank you for joining us for our second Government Affairs forum of the year that featured Ronald J. Mariano, Massachusetts Speaker of the House.
9:45am - 11:00am
Designed for mid-level managers and supervisors, this new certificate program addresses workplace well-being through unique, innovative, and actionable methods.
Join our Transformational DEI Certificate! Our comprehensive learning & development offerings are designed to connect and grow strong leaders who lead both inside and out of the office.
Our Women’s Leadership Program enables you to take your leadership to the next level by arming you with the most in-demand leadership toolkit.
Expand your DEI professional development with a virtual workshop focused specifically on LGBTQIA+ identities and inclusion.
Our Economic Inclusion Committee provides strategic support around research, policies, and programs that are focused on building equal opportunity.
We are developing an ecosystem of corporations and partners with the influence and buying power to transform economic inclusion for minority business enterprises (MBEs).
The Fierce Urgency of Now Festival brings Boston’s diverse young professionals together with business leaders, organizations and their peers to build connection, advance careers and ignite positive change.
City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.
BIMA (the Boston Interactive Media Association) serves a vibrant community of like-minded professionals from agencies, brands, publishers, and ad-tech companies with business interests in the New England market.
For more than 25 years, the Chamber’s Women’s Network has connected female professionals of all background and career levels. Today, our Women’s Network is the largest in New England, strengthening the professional networks of women each year.
Through MITX (the Massachusetts Innovation and Technology Exchange), we’re building valuable connections between the people and ideas behind technology and its impact on the future of customer experiences, all to create a community that’s finding tomorrow’s solutions together.
We support small business through public policy initiatives, events designed to connect small businesses in Greater Boston to their peers and established business leaders, professional development offerings, and free small business advising.
Explore our mission and values to better understand how we are leading the business community forward.
Our member directory is your resource to discover, connect, and engage with Boston’s businesses from every industry and sector.
October 28, 2022
The Greater Boston Chamber of Commerce appreciates recent comments made by key legislators in both branches that a final bill will likely make it to the Governor’s desk before the end of the year. As healthy state revenues continue to exceed expectations and federal resources remain available, we hope measures that bolster the state’s economic competitiveness and support our workforce remain priorities for the Legislature as it negotiates a final bill for passage.
The Chamber recognizes that the provisions of chapter 62F complicated the state’s envious fiscal situation and that one-time, temporary tax relief will likely be released this year. The short-term relief is welcome, but a one-time refund should not replace long-term policy improvements supported unanimously by both the House and Senate that make Massachusetts a more affordable place to live and do business. Many provisions of the underlying economic development bills contain meaningful policy changes that improve the state’s competitiveness and help retain desperately needed workers and employers in Massachusetts.
As you know, employers and businesses placed a high priority on tax reform this year, recognizing that their employees would benefit from increasing the renters’ deduction and raising the dependent care credit in an economic climate confronting high inflation. The Earned Income Tax Credit is widely embraced because it is a sensible investment in both taxpayers and the broader economy. And our estate tax structure, without reform, means property owners and family-owned businesses in Massachusetts face the lowest exemption level in the country, despite having some of the highest property values. Crucially, many of these tax reforms target those that may not realize significant relief under chapter 62F.
Importantly, the state can afford these policy changes and improvements. Revenues greatly exceeded benchmarks again in September, and the Legislature prioritized a record level of savings in the Rainy Day Fund to weather unforeseen revenue disruptions. An additional $1.2 billion in federal funds that must be spent by 2024 remain from ARPA as well. In comparison, the tax reform measures adopted by both branches represent critical long-term relief to taxpayers with a modest impact to state revenues and would reinforce that our economic health is a priority for the Commonwealth.
Competitiveness is an increasingly significant factor for both employees and employers when determining where to locate. Remote work environments mean employers have access to talent across state lines, and workers can relocate more easily without leaving their positions. For those employers and workers that do not have options for remote work, a high cost of living puts Massachusetts at a disadvantage to lower cost states. While some of these costs are unavoidable, we believe the Legislature supported an economic development bill that made targeted progress in areas that improve our business environment. The Chamber hopes this legislation, including the complete tax reform package adopted by both branches, is enacted this year.