Log in to your IBTimes Account

close
ID
Password

Governor tries to imagine new economy for Mass.



By STEVE LeBLANC, AP
21 July 2008 @ 11:37 am EST

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
ESLR 2.35 0.31

SYMBOL LOOKUP

Patrick has had to fend off criticism from the state's longtime industries and business owners who are feeling left out as administration officials and lawmakers swoon over flashy new technologies.

"We are concerned about businesses and industries that have made significant investments who wouldn't benefit from these initiatives," said Brian Gilmore, of the Associated Industries of Massachusetts, which represents 7,000 Bay State employers.

What's particularly grating, business groups say, is the sense that the state is trying to pick winners and losers by favoring certain industries.

Add that to Patrick's signing of a new state budget that relies on $285 million in new revenues from closing so-called corporate tax "loopholes"--and his recommendation that employers kick in another $33 million to help bail out the state's landmark 2006 health care--and not everyone is cheering.

"We need an economic growth strategy that will benefit all parts of the state," Gilmore said.

Not all of Patrick's efforts have been so cutting edge.

Along with the Legislature, Patrick pushed for film tax credits which have lured big budget movies to Massachusetts.

He also pushed a plan to license three resort-style casinos here--an effort opposed by House Speaker Salvatore DiMasi. That bill died in the House but could be refiled next year.

But Patrick's main focus has been on innovative technologies.

Colin South is president of one of the companies at the forefront of the new economy.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
General Motors Corp.'s board of directors does not consider bankruptcy protection a viable option to solve the company's financial troubles, but it has d...
As many as 2,444 employees at ArcelorMittal's steel plant could be laid off indefinitely in January, the company said. The company has notified the Unite...
Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses...

Advertisement
Buy Foreclosures & Use Our Money

Split Big Profits! You Find it & We Fund it! Co-Own Or Cash Out! Get Free Info Kit Now!

Los angeles web design

Get your next web design project done with our los angeles web design team - Best web design with great price.

Reach emerging Latin American markets!

Baldwin Linguas:
Translations Interpreting Localization:
English French Portuguese Spanish

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives