News Summary Massachusetts’ 4% surtax on incomes exceeding $1 million has led to an increase in wealthy residents, with the number of millionaires rising significantly.
News Summary Boston’s vibrant biotech sector, crucial for innovation and healthcare solutions, faces uncertainty due to weakening intellectual property rights. A decline in IP protections
News Summary Springfield, Massachusetts is witnessing an uptick in its unemployment rate, now at 5.2%, triggering an automatic extension of unemployment benefits from 26 to
News Summary The Group Insurance Commission (GIC) in Massachusetts is confronting a severe financial crisis, projecting a $20 million monthly deficit. With funds potentially exhausted
News Summary Yvonne Hao, the first female and person of color to serve as Massachusetts’ economic development chief, has announced her departure from the Healey
News Summary Massachusetts is at risk of stagflation, highlighted by rising inflation rates and the impact of tariffs. Economic challenges could lead to decreased consumer
News Summary The annual MassChallenge award ceremony in Boston highlighted the state’s top startups and the importance of research and development. Governor Maura Healey emphasized
News Summary Massachusetts has solidified its position as a key player in the venture capital landscape, coming in third nationwide for deals and value in
News Summary The Atrius Health Equity Foundation is working to eliminate $500 million in medical debt for residents in Eastern Massachusetts. Recently, they funded the
News Summary CareSource has officially acquired Commonwealth Care Alliance (CCA), aiming to improve healthcare services for nearly 50,000 Massachusetts residents. This acquisition ensures continuity of
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