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MBR

 
Competitiveness
 

MATERIALS
Strengthening Massachusetts' Long-term Economic Vitality Report
Principles of a State Economic Development Strategy
MBR's Economy Policy
 
Massachusetts must invest in its competitive advantages, such as human and intellectual capital, the physical health of its workforce, and the outstanding quality-of-life. At the same time, public policy must refocus on those areas of competitive disadvantage, such as high costs of doing business, complex government structures that are costly and cumbersome, and the perceived negative attitude toward business. In doing so, MBR believes the state’s long term economic vitality will be strengthened; innovation, investment and job creation will be encouraged; and Massachusetts will become a more highly-desirable place to do business.

Investing in Competitive Advantages

Human and Intellectual Capital Policy Priorities

  • Developing, implementing and achieving the goals in the statewide Science, Technology, Engineering and Math (STEM) Plan.
  • Engaging business leaders as advocates for early childhood education.
  • Improving coordination between industry and higher education, with a focus on aligning industry needs with the state’s education and workforce development systems.

Health Policy Priorities

  • Activating consumers to become more accountable for selecting higher-value health care services by giving them more financial and decision-making responsibility for their health care selections.
  • Promoting Wellness and Health Management Initiatives to ensure a healthy, productive and engaged workforce while at the same time lowering health care costs.
  • Payment Reform. Shifting from a fee-for-service payment model to a global payment system, if done thoughtfully, can help create a more patient-focused and cost efficient delivery system.

Quality-of-Life

  • Preserving quality-of-life investments in education, public safety, and the environment through the application of management reform and principles in state government.
  • Focusing on the development of a long term transportation finance plan, as well as management and fiscal improvements at the Department of Transportation, to ensure a transportation delivery system that improves commerce and is coordinated with the state’s economic development strategy.
  • Engage in the development of a long-term transportation finance plan with a focus on creating an efficient, effective transportation system that is adequately financed to meet the state’s economic development needs.

Refocusing on Competitive Disadvantages

Cost

  • Advocating for a public tax policy that promotes cost competitiveness
  • Aggressively addressing employers’ concerns over unsustainable increases in health care premiums.
  • Reforming unemployment insurance to bring both benefits and payments in line with national norms.

Complexity

  • Creating a stable, reliable and equitable tax structure that promotes investment and job creation.
  • Eliminating duplicative and burdensome regulations through a comprehensive, collaborative reform effort between industry and regulators.

Perception

  • Accepting responsibility in the business community to promote all that is good about doing business in Massachusetts, while working collaboratively to improve the state’s long term economic competitiveness.
  • Transforming the relationship between business and government to one of partnership to achieve our shared goals of prosperity, opportunity, and long-term economic vitality.
  • Promoting public-private partnerships to address complex public policy issues.
 

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