CEO Guide to Site Selection

Massachusetts

ECONOMIC BOOM IN THE BAY STATE

Massachusetts continues to land new groundbreakings and expansions across several sectors. Swiss technology company Nexthink announced plans to double its U.S. presence with a new headquarters in Boston. Israeli diagnostics firm MeMed is also embarking on a $93million expansion at its local headquarters in Boston. Gov. Maura Healey taking on new initiatives to cut taxes, including an expansion of the apprenticeship tax credit, lowering the short-term capital gains tax, and raising the Dairy Tax Credit cap to make state farmers more competitive.

“We are thrilled to deliver on our promise to pass tax cuts that will result in real savings for the people of Massachusetts, including the country’s largest child and family tax credit that will go back in the pockets of parents and caregivers. Everywhere we go, we hear about how people are struggling to keep up with the rising cost of living. This tax package delivers savings for those who need it most, while making long overdue changes that will better allow Massachusetts to compete with other states."
Maura Healey
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

decrease between 2010 and 2020

KEY INCENTIVES

Massachusetts Life Sciences Center (MLSC): Offers 10 different tax incentives of up to $15,000 for each job created in a calendar year and maintained for the followingfour years.

Economic Development Incentive Program (EDIP): Offers state and local tax incentives for full-time jobs creation, job retention and private investment commitments.

Manufacturers Investment Tax Credit: Offers a 3% investment tax credit towards any state tax obligation for qualified equipment and facility improvements.

Workforce Training Fund: Offers cash grants of up to $250,000 over a two-year period to train new employees or to upgrade the skills of existing employees.

EDCs

MassDevelopment
massdevelopment.com

MassEcon
massecon.com

Metropolitan Area Planning Council
mapc.org/get-involved/economic-development

Worcester Regional Chamber of Commerce Economic Development worcesterchamber.org/economic-development

HIGHLIGHTED PROGRAM OR INITIATIVE

In April 2023, The Healey-Driscoll Administration announced a $2.5 million award to expand green job training and education in the state. The first award goes to Benjamin Franklin Cummings Institute of Technology for planning and support resources to increase the number of students of color prepared to enter the green job workforce of Massachusetts.

BIG DEALS

  • Shahnghia-based Zai Lab limited announced in September 2022 the expansion of its headquarters in Cambridge.
  • Biopharmaceutical company Ventus Therapeutics announced in September 2022 a global expansion in Waltham.
  • LEGO Group announced in January 2023 it will relocate its Americas head office from Connecticut to Boston in 2026.
  • Moderna announced in May 2023 it was acquiring a biomanufacturing facility in Marlborough for $91 million.
  • Embue announced in June 2023 an expansion of operations and 38 new jobs in Worcester.
  • Eli Lilly & Co. announced in June 2023 it will open a $700 million institute for genetic medicine in Boston’s Seaport District.

BIG COMPANIES

18 Fortune 500 companies headquartered in state:

  • General Electric
  • Raytheon Technologies
  • Liberty Mutual Insurance Group
  • Thermo Fisher Scientific
  • TJX
  • Massachusetts Mutual Life Insurance
  • BJ’s Wholesale Club
  • Wayfair
  • Global Partners
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.