Massachusetts economy http://wamc.org en Gov. Patrick Promotes Manufacturing In Massachusetts http://wamc.org/post/gov-patrick-promotes-manufacturing-massachusetts <p>A day after a report said the Massachusetts economy grew solidly at the end of last year Massachusetts Governor Deval Patrick came to western Massachusetts today to promote the state’s growing manufacturing sector.</p><p></p><p></p><p></p><p> Governor Patrick toured Advance Manufacturing Co. of Westfield -- a family- owned business that employs 200 people. The company makes precision parts that are used on submarines, fighter jets, helicopters and the International Space Station.</p> Fri, 31 Jan 2014 23:14:00 +0000 Paul Tuthill 83013 at http://wamc.org Gov. Patrick Promotes Manufacturing In Massachusetts Long-term Unemployed Face Challenge As Economy Improves http://wamc.org/post/long-term-unemployed-face-challenge-economy-improves <p>A federal program to provide jobless benefits to the long-term unemployed has expired, and efforts to renew it are deadlocked in the Senate.&nbsp; But a shift in federal policy as a result of the bipartisan budget approved this week could be good news for job-seekers this year</p><p></p><p></p><p></p> Fri, 17 Jan 2014 23:10:00 +0000 Paul Tuthill 82088 at http://wamc.org Long-term Unemployed Face Challenge As Economy Improves Study Calculates Impact Of Sequestration In Massachusetts http://wamc.org/post/study-calculates-impact-sequestration-massachusetts <p>The Massachusetts economy took a significant hit because of the federal budget cuts known as sequestration.&nbsp; A study released this week estimated the impact the $1 trillion in automatic across-the-board spending cuts had in the Bay State.</p><p></p><p></p><p></p> Fri, 20 Dec 2013 17:22:00 +0000 Paul Tuthill 80320 at http://wamc.org Study Calculates Impact Of Sequestration In Massachusetts State's Top Economic Official Believes Manufacturing Will Grow In Massachusetts http://wamc.org/post/states-top-economic-official-believes-manufacturing-will-grow-massachusetts <p>The Massachusetts Economic Development Secretary Greg Bialecki says he is “bullish” on the future of precision manufacturing.&nbsp; But the state faces a challenge to train a workforce for jobs in the manufacturing sector. &nbsp;Bialecki, last week, visited a training center at Springfield Technical Community College where the state spent $1.2 million to expand and modernize the classrooms.&nbsp;&nbsp; WAMC’s Pioneer Valley Bureau Chief Paul Tuthill spoke with Bialecki</p><p></p> Sun, 27 Oct 2013 16:49:00 +0000 Paul Tuthill 76274 at http://wamc.org State's Top Economic Official Believes Manufacturing Will Grow In Massachusetts Program To Train People For Manufacturing Jobs Doubles Capacity http://wamc.org/post/program-train-people-manufacturing-jobs-doubles-capacity <p>Workforce development experts say Massachusetts needs more people trained for jobs in precision manufacturing.&nbsp; The state is devoting money to the effort.</p><p></p><p></p><p></p><p> Springfield Technical Community College recently spent $2 million to upgrade and expand classrooms in its Mechanical Engineering Technology center.&nbsp;&nbsp; The college received a $1.2 million dollar grant from the state. But it came with one string attached. The college had to double the number of students enrolled in the program that prepares people for careers in manufacturing.</p> Fri, 25 Oct 2013 22:21:00 +0000 Paul Tuthill 76365 at http://wamc.org Program To Train People For Manufacturing Jobs Doubles Capacity Impact Of Government Shutdown On Economy Seen As Minor,Reversable http://wamc.org/post/impact-government-shutdown-economy-seen-minorreversable <p>The Massachusetts economy is already feeling the impact of &nbsp;federal budget cuts.&nbsp; Leading regional economists warn the federal government shutdown and the looming debt ceiling crisis could compound the problems.</p><p></p><p></p><p></p> Tue, 01 Oct 2013 16:20:00 +0000 Paul Tuthill 74662 at http://wamc.org Impact Of Government Shutdown On Economy Seen As Minor,Reversable Economists Hopeful About Massachusetts Growth http://wamc.org/post/economists-hopeful-about-massachusetts-growth <p>There is great uncertainty about the impact the federal budget cuts, through the process known as sequestration, will have on the Massachusetts economy.&nbsp;&nbsp; But regional economists remain cautiously optimistic, according to an analysis released this week.&nbsp;&nbsp;</p><p></p><p></p><p></p> Fri, 01 Mar 2013 23:03:00 +0000 Paul Tuthill 58915 at http://wamc.org Economists Hopeful About Massachusetts Growth White House Outlines How Budget Cuts Could Impact Massachusetts http://wamc.org/post/white-house-outlines-how-budget-cuts-could-impact-massachusetts <p></p><p></p><p>Education and the military would take among the biggest hits in Massachusetts from the automatic cuts to the federal budget &nbsp;that are&nbsp; scheduled take hold this week absent a compromise between the White House and&nbsp; Congressional Republicans.</p><p> The White House Sunday issued a report that said sequestration, as the budget cuts are called, would result in about 7000 civilian defense department workers being furloughed, reducing gross pay by more than $43 million.&nbsp;&nbsp; Funding for military base operations would be cut by about $13 million.</p> Mon, 25 Feb 2013 17:17:00 +0000 Paul Tuthill 58507 at http://wamc.org White House Outlines How Budget Cuts Could Impact Massachusetts Home Sale Prices Up, Foreclosures Down In 2012 http://wamc.org/post/home-sale-prices-foreclosures-down-2012 <p></p><p></p><p>Boosted by higher home sale prices and more transactions spurred by low interest rates the amount of money spent on real estate in Hampden County last year was almost $1 billion, a nine percent increase over 2011, and the most since 2008.&nbsp; Hampden County Register of Deeds Donald Ashe called it a good year for the housing market in western Massachusetts and he forecast what he called a “ steady healthy market”&nbsp; for the next six months.</p><p> Wed, 09 Jan 2013 21:09:52 +0000 Paul Tuthill 55401 at http://wamc.org Home Sale Prices Up, Foreclosures Down In 2012 Berkshire Labor Market Trends Revealed in New Report http://wamc.org/post/berkshire-labor-market-trends-revealed-new-report <p>Today in Pittsfield, a detailed analysis of the Berkshire County labor market was presented by the Federal Reserve Bank of Boston to highlight the changes, strengths, and challenges facing workers and employers in region. WAMC’s Berkshire Bureau Chief Lucas Willard reports…</p> Thu, 27 Sep 2012 16:21:50 +0000 Lucas Willard 48836 at http://wamc.org Berkshire Labor Market Trends Revealed in New Report