By Jay Fitzgerald
EMC Corp., the largest technology company in Massachusetts, thinks Wall Street doesn’t understand it.
So on Tuesday, the Hopkinton company — known best for its data-storage business, it employs 68,000 people worldwide and reaps $24 billion in annual revenue — will hold a strategy summit in New York City. EMC hopes to convince analysts, investors, and others it really is on the right track.
Most of its top executives, including longtime chief executive Joseph Tucci, will be present to share information, review strategic options, answer questions, and listen to ideas and criticisms.
But chances are the summit won’t change many minds. Increasingly, critics say EMC has become a stagnant goliath that isn’t doing enough to pump up its share value and articulate a long-term vision for the 36-year-old company. Continue reading
By Robert Weisman and Priyanka Dayal McCluskey
The Baker administration is considering a plan to merge the Massachusetts Life Sciences Center with quasi-public agencies that support the clean energy and high-tech industries.
Jay Ash, the state’s new housing and economic development secretary, said state officials have been talking to business groups about possibly consolidating the agencies.
“It’s being discussed,” Ash said. “We’re looking at ways to better coordinate our services. Everything’s on the table for economic development. But there’s no proposal.” Continue reading
By Jordan Graham
A top tech industry group unveiled a new tool to compare Massachusetts to other states yesterday as Gov. Charlie Baker said the state needs to solidify its position as a high tech leader by working harder to be more competitive and lowering the cost to do business.
“The goal here is to strengthen the areas we have a national lead in, and rectify or improve the areas we can now see a disadvantage,” said Chris Anderson, president of the Massachusetts High Technology Council. “This is actually going to be very helpful for not only keeping track of what our peer states are doing, but informing our decisions.” Continue reading
By Sara Castellanos
A new online data analytics tool being unveiled this week by the Massachusetts High Technology Council will show how the state measures up against other states in key areas including talent and business competitiveness.
The project, called Massachusetts Technology, Talent and Economic Reporting System (MATTERS), has been in the works for about a year, according to Mark Gallagher, executive vice president of Mass. High Tech Council’s Public Policy and Communications division.
The MATTERS tool will have its own website and will contain more than 30 different metrics including tax policy, cost, talent supply and demand, from various databases, indices and sources.
“The purpose here is to make this data actionable and to use the data to identify where Massachusetts is performing well or not performing well,” Gallagher said in an interview. Continue reading
By Matt Murphy
NEWTON, MASS., FEB. 25, 2015…..Gov. Charlie Baker warned the state’s high-tech executives on Wednesday that their edge in the national economy is under attack from other states, hinting that he will put forward ideas soon to help ensure a strong supply of workforce talent to keep their businesses growing.
Baker returned to Massachusetts this week after spending the weekend in Washington D.C. at the National Governors Association winter meeting where he dined at the White House on Sunday night at a table with President Barack Obama, Colorado Gov. John Hickenlooper and Indiana Gov. Mike Pence.
“Colorado is coming on and coming on strong,” Baker told a banquet hall full of executives at the annual meeting of the Massachusetts High Technology Council at the Newton Marriott. “I saw Governor Hickenlooper from Colorado when I was at the NGA meeting and he couldn’t help but make this point to me many, many times over the course of several days. I need a really good rejoinder on that one, folks.” Continue reading
By Emily Micucci
Worcester Polytechnic Institute announced the development of a new system to help evaluate Massachusetts’ competitive position among leading technology states.
Known as Massachusetts’ Technology, Talents and Economic Reporting Systems (MATTERS), the system was developed by WPI students and faculty in collaboration with the Massachusetts High Technology Council, an advocacy group. It provides corporations with critical information regarding expansion, as well as essential data for developing public policy that attracts and retains business.
“This reporting dashboard makes important data accessible to those who need it. It also demonstrates the impact that our faculty and students can have on the state’s competitiveness, especially in the technology sector,” Stephen Flavin, vice president of academic and corporate development at WPI, and a member of the Massachusetts High Tech Council, said in a statement Wednesday.
MATTERS allows users to compare technology strengths between states. For example, they can look at how Massachusetts and New York stack up on talent, cost and economy metics, as well as national rankings on tax climate and technology indexes. The tool can be accessed online here.
Solution protects local aid, avoids tax hikes and any draw from the Stabilization Fund
By Governor of Massachusetts – Press Office
BOSTON – Governor Charlie Baker and Lieutenant Governor Karyn Polito today announced a series of proposals to close the Fiscal Year 15 (FY 15) budget gap recently identified by the Administration. The fixes include a combination of the Governor’s 9C authority to adjust Executive Branch spending, as well as legislation for additional spending reductions, non-tax revenue adjustments, and other one-time fixes.
As originally promised, the plan announced today does not raise taxes, cut local aid, or draw down on the state’s Stabilization Fund. The total budget imbalance addressed for FY 15 was adjusted slightly, from $765 million to $768 million due to updated tax data and other factors such as last week’s winter storm. After today’s proposal, spending for FY 15 is still a 7.7% increase over FY 14. Continue reading
By The Associated Press
Massachusetts education officials say the state’s high school graduation rate is up to 86.1 percent, with some of the strongest gains among minority and low-income students.
On Tuesday, the Department of Elementary and Secondary Education announced that the four-year graduation rate for students who entered as ninth-graders in 2010-11, or who transferred in, improved for the eighth consecutive year.
In addition, the state’s annual dropout rate declined to 2 percent in the 2013-14 year, the sixth consecutive year below 3 percent and the lowest rate in more than three decades.
The biggest gains were made by black males, whose graduation rate improved by 3.1 percentage points over the previous year; Hispanic students showed a 2.4 percent improvement; and students from low-income families improved by 2.5 points.
By Jon Chesto
State lawmakers are reviving efforts to limit or ban contracts that restrict employees from working for competitors after a compromise failed last summer.
Noncompete agreements represent one of the most divisive issues in the technology sector, pitting entrepreneurs and venture capitalists who argue noncompetes stifle innovation against established companies, such as EMC Corp. of Hopkinton, which say the contracts protect intellectual property. Noncompetes often prohibit people from working for competing firms for a year or more after departing their previous employer.
Legislators last week filed at least six bills seeking to limit the use of such agreements. They include bills by Representative Lori Ehrlich, a Marblehead Democrat, and Senator Will Brownsberger, a Belmont Democrat, that would essentially ban noncompetes in the state. (Company owners who sell their businesses could still be bound by noncompetes after the sale.)The New England Venture Capital Association, a trade group in Cambridge, plans to unveil a coalition encompassing different industries next month to push the Legislature to outlaw noncompete agreements in most instances. The goal is to make the rules here similar to those in California, one of three states in which noncompetes are essentially illegal and Massachusetts’ biggest competitor in the innovation economy. Continue reading