1. 1-25 of 25
    1. New England's governors push for electricity tariff for construction of natural gas lines - Boston Business Journal

      New England's governors push for electricity tariff for construction of natural gas lines - Boston Business Journal

      We saw this already in the past year, with National Grid's and NStar's rates rising by double-digit percentages this winter. Blame New England's constrained pipeline capacity: On cold days, the natural gas pipelines are filled to capacity, but power plants that normally rely on that gas get bypassed to ensure heating customers get what they need. To keep the lights on, more expensive gas is imported from Canada, and rarely used oil and coal turbines are fired up. (During this cold weekend, as much as 35 percent of New England's electricity came from coal and oil ...

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    2. Gov. Deval Patrick details $12B transportation plan - Boston Business Journal

      Gov. Deval Patrick details $12B transportation plan - Boston Business Journal

      Gov. Deval Patrick on Friday detailed a five-year capital investment plan that would see the state spend $12.4 billion for bridge and road reconstruction as well as improvements to rail and transit infrastructure.  The announcement, which addressed billions in projects and improvements to properties owned by the Bay State's regional airports, the MBTA and Regional Transit Authorities, and regional airports, marked the first time that Patrick or transportation officials had specified how proceeds from a proposed $12.1 billion transportation bond bill would be spent.

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    3. Yankee Candle CEO says Mass. manufacturing will remain in place after firm is sold - Boston Business Journal

      Yankee Candle CEO says Mass. manufacturing will remain in place after firm is sold - Boston Business Journal

      One of the unusual things about Yankee Candle Co. is that the retail chain actually makes the bulk of its products that it sells, right here in Massachusetts. That’s not going to change, Yankee Candle CEO Harlan Kent tells me, at least not anytime soon now that the company is about to change hands.  “I don’t think that’s going to change going forward,” Kent says. “We have a world class, very competitive candle manufacturing operations here. We think the benefits of it are significant.”  Chicago private equity firm Madison Dearborn has reached a $1.75 billion deal ...

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    4. State unveils new funding formula for community colleges - Boston Business Journal

      Going forward, community colleges will initially receive a state subsidy of $4.5 million, with additional funding dependent on a handful of evaluative criteria. For example, half of each school’s additional state support will tied to student credit hours completed and weighted based on fields of study, a move intended to reflect the higher faculty and materials costs required by some academic disciplines.

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    5. Confusion reigns as IT industry struggles to decipher sales tax - Boston Business Journal

      Confusion reigns as IT industry struggles to decipher sales tax - Boston Business Journal

      To some extent, this imbroglio reflects the tech industry’s reduced clout on Beacon Hill. A decade ago, a group like the Massachusetts Software Council would have been busy at the State House protesting this tax. But that group has long since been subsumed into the Massachusetts Technology Leadership Council, more of a networking group than a lobbying one. Fitzgerald points out that that two of the three former groups that now make up the MTLC had lobbyists on staff. Today, there are none.

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    6. Boston Business Journal - Pension report says consolidation plan would save $25M per year

      A new study by the Pioneer Institute in Boston makes the case that the state’s 105 separately managed public-employee pension systems are overstaffed, inefficient and wasting approximately $25 million a year in administrative costs.  In a policy brief released late Wednesday, the local think tank said the consolidation of those plans into a more centralized management system could save up to $22.5 million in annual employment costs and another $2.3 million in stipends paid to the various board members who presently oversee each individual pension program. According to Pioneer, each system has a five-person board whose members ...

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      Mentions: Springfield
    7. Boston Business Journal - State budget to save businesses $47M in annual health care fees

      The state budget is on Governor Deval Patrick’s desk, awaiting a signature, and buried within the budget's tax increases is some relief for businesses.  Gone forever will be the state penalties levied against small businesses that were out of compliance with the Massachusetts health reform law. But businesses will still have to pay something towards health care programs for the uninsured.  The Fair Share Contribution penalties were established under the Commonwealth’s 2006 health care reform law and mandate that employers with 11 or more full-time equivalent employees (FTEs) make a “fair and reasonable” contribution toward the health ...

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    8. Boston Business Journal - Sequester prompts growth in biotech’s ‘academic-industrial complex’

      At UMass Amherst, for instance, the college recently created the UMass Innovation Institute, the whole goal of which is to work with local companies to help fund research in a wide variety of technologies. While the institute’s executive director, Jim Capistran, says biotechs only make up a small part of the partnerships now, if the institute is successful, it will spread throughout the rest of the UMass campuses. That would encompass UMass Medical School in Worcester, Mass., where most of the state university’s biotech research is done.

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    9. Yankee Candle rekindles its Man Candles line by adding bacon and popcorn fragrances - Boston Business Journal

      Yankee Candle rekindles its Man Candles line by adding bacon and popcorn fragrances - Boston Business Journal

      It also turned out to be a brilliant strategy for boosting revenue. Sure, Yankee Candle received plenty of ribbing for fragrances like “First Down,” “2x4” and “Riding Mower.” (Jimmy Fallon even asked, on his late night show, when we could expect to see a “10 PM Nacho Breeze” flavor.) But the line of four Man Candles was responsible for 10 percent of all sales volume in Yankee Candle’s stores for the stretch from Mother’s Day to Father’s Day last year, according to spokeswoman Karen Woods, much more than the Deerfield-based company’s executives had imagined. “Man Town ...

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    10. Mass. groups emphasize international collaboration with new programs - Boston Business Journal

      Mass. groups emphasize international collaboration with new programs - Boston Business Journal

      From the floor of the 2013 BIO International Convention in Chicago, the Massachusetts Life Sciences Center (MLSC) said Monday it was launching a new International Collaborative Industry Program (ICIP) to enable the group to partner with other nations to award funding to support R&D in Massachusetts and in the partnering nations. The international program will promote collaboration between life sciences companies and to increase the development of new products for commercialization.

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    11. Report: Massachusetts gets an 'A' in health care price transparency - Boston Business Journal

      Massachusetts was one of only two states — New Hampshire being the other — to receive top marks in a new national report on health-care transparency among U.S. health care systems.  The report by Health Care Incentives Improvement Institute and Catalyst for Payment Reform evaluated state laws to determine how much price information is reported to states and how easy it is for consumers to get that information.

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    12. BofA stock up 4% premarket after Fed approves capital plan - Boston Business Journal

      Bank of America Corp.’s board has approved the repurchase of up to $5 billion worth of common stock and the redemption of $5.5 billion in preferred stock following the Federal Reserve’s approval of Charlotte-based BofA's 2013 capital plan.  Bank of America's stock (NYSE: BAC) was up by more than 4 percent in premarket trading, following the Federal Reserve Board's announcement.

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      Mentions: Bank of America
    13. Tech Caucus to bolster Mass. technology - Boston Business Journal

      The special State House event, titled Massachusetts Tech: Our Future Everywhere, is part trade show, part legislator meet ‘n greet, featuring interactive demonstrations of new technologies being developed by Massachusetts firms, keynote remarks by EMC Vice-Chair William Teuber, and a roundtable of top industry speakers including senior marketing and sales vice president Gregg Dixon of energy management solutions company EnerNOC, Boston; Joe Kvedar, founder and director of Partners Health Care Center for Connected Health, Boston; Eric Paley, co-founder and managing partner of venture capital fund Founder Collective, Cambridge; and co-founder and vice president, consumer marketing Zenobia Moochhala of Care.com ...

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    14. MassChallenge 2013 to kick off with opening of applications - Boston Business Journal

      Boston startup accelerator MassChallenge will launch its fourth year Wednesday, opening applications to startups which will ultimately compete for $1 million in cash awards.  The program plans to accept 125 startups again this year, which will receive mentorship and office space at the MassChallenge office in the South Boston Seaport. The program is funded by sponsors and does not take equity in the participating companies.  Applications open at 3 p.m. Wednesday.

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    15. Connecticut tax would impose multimillion-dollar burden on Mass. businesses, residents - Boston Business Journal

      Connecticut, you see, has its own fiscal problems. And at the prodding of Gov. Dannel Malloy, lawmakers there two years ago helped plug a budget hole by taxing all major power plants in the state. The tax was supposed to sunset on June 30. But we know that it’s not easy for government to give up on a tax once it has a new revenue stream. So it wasn’t particularly surprising to see Malloy include the generator tax in his budget proposal this week.

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      Mentions: Dannel Malloy
    16. Power plants in nine Northeast states to cut emissions - Boston Business Journal

      In what could be a boon for local clean tech, energy efficiency and environmental firms, a regional group that includes nine states, including Massachusetts, will cut in half the amount of carbon emissions from power plants.  The Regional Greenhouse Gas Initiative agreement, which was forged in 2008, puts a limit on carbon emissions aimed at slowing man-made climate change (Natalie Hildt, manager of public policy outreach for the Northeast Energy Efficiency Partnerships, touted some of the benefits of the agreement in the 2011 blog item for Mass High Tech).

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    17. NE defense industry cautious about looming budget cuts - Boston Business Journal

      What we do know is that defense spending plays a significant role in New England’s economy. According to the New England Defense Industry Report, released last summer by the Defense Technology Initiative, the region benefits from $34 billion in DoD and Homeland Security contracts, providing more than 319,000 jobs and over $22.6 billion in payroll. Massachusetts benefits the most, with 2500 companies receiving the lion’s share of defense-related contracts, totaling $13.9 billion, followed closely by Connecticut, with 1100 companies receiving $12.7 billion in defense spending.

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    18. Berkshire Hills Bancorp makes CEO Daly chairman of the board - Boston Business Journal

      Berkshire Hills Bancorp President and CEO Michael P. Daly has been made chairman of the company’s board of directors.  To do so, the board had to amend its bylaws to allow company executives to serve as chairman. Daly officially becomes chairman Jan. 1. He’ll take over for Lawrence A. Bossidy, who was elected lead independent director of the board.

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    19. The most expensive state college tuitions: UMass Amherst near top of list - Boston Business Journal

      The most expensive state college tuitions: UMass Amherst near top of list - Boston Business Journal

      According to the report, tuition and fees at the University of Massachusetts' flagship Amherst campus have increased 35.3 percent since the 2006-2007 academic year – not the steepest increase, by far, but enough to hold a spot for UMass Amherst among the top 10 most expensive state colleges in the nation.

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    1-25 of 25
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