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The Massachusetts High Technology Council recommends that the Patrick Administration and the Legislature, work with the leadership of the state’s technology economy to develop a comprehensive economic development plan that boosts the state’s overall competitiveness, by reducing barriers to economic growth and supporting investments in job-producing collaborations between industry and universities.
Adopting a multi-year, technology-based economic development strategy will help elected officials anticipate economic dynamics and avoid repeating the state’s frequent past practice of instituting permanent tax hikes to solve temporary budget challenges when they arise.
We recently released the results of our 2008 CEO survey, which identifies the fiscal and education policy priorities necessary to support such a strategy. Competitive, stable and predictable tax rates, lower business costs, and increased economic incentives lead to greater capital formation, employment growth and more revenue for the state’s vital services. We strongly advocate a comprehensive economic plan that affords business the ability to accurately plan for their future in
Massachusetts.
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