CEO Guide to Site Selection

Massachusetts

BIG BETS ON NEW DEVELOPMENT

Despite downward economic indicators in Q1 2022, the Bay State continues to see new announcements and expansions. As of May 2022, Gov. Charlie Baker was urging the approval of a $3.5 billion economic development plan that would use American Rescue Plan Act funds and borrowing to fund economic development plans and hundreds of shovel-ready projects that would help Massachusetts cities attract new investments. Swiss technology company Nexthink announced plans to double its U.S. presence with a new headquarters in Boston. Additionally, Israeli diagnostics firm MeMed is embarking on a $93 million expansion at its local head- quarters in Boston.

“Massachusetts is home to the greatest people, innovation and know-how in the world, and it’s going to be the job of our next governor to harness these resources to grow our economy.”
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 %

increase 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.

Research & Development Tax Credit: Offers a 10% tax credit for R&D activities with an increase in credits for collaboration with a local college or university.

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

The new HireNow program offers eligible employers a grant of up to $4,000 per employee to cover training costs or as a signing bonus. Funding is up to $400,000 per employer and on a first-come, first-served basis, for jobs that are paid at least $14.25 per hour.

BIG DEALS

  • Factorial Energy announced in August 2022 it will estab- lish a $45 million manufacturing facility and create 166 jobs in Methuen.
  • Thermo Fisher Scientific announced in August 2022 a new state-of-the-art facility and 300 jobs in Plainville.
  • Shanghai-based Zai Lab Limited announced in Septem- ber 2022 an expansion of its Cambridge headquarters.
  • Waters Corp. opened in September 2022 a new manu- facturing plant in Taunton and will create 25 jobs.
  • Ventus Therapeutics opened in September 2022 a new lab facility in Waltham as the first phase of a planned global expansion.

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.