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Video Blog | Lt. Governor Karyn Polito Discusses Economic Growth

Posted by Christopher Geehern on May 31, 2018 9:28:46 AM

Lt. Governor Karyn Polito, dubbed the “road warrior” because of a travel schedule that has taken her to every city and town in Massachusetts, told AIM members recently that the measure of economic growth is the degree to which prosperity is shared throughout the commonwealth.

The lieutenant governor spoke to more than 850 business leaders gathered for the AIM Annual Meeting.

Here is her entire speech:

Topics: AIM Annual Meeting, Massachusetts economy, Lt. Governor Karyn Polito

Lt. Governor Stresses Regional Approach to Economic Growth

Posted by Christopher Geehern on May 21, 2018 8:44:05 AM

Lt. Governor Karyn Polito, dubbed the “road warrior” because of a travel schedule that has taken her to every city and town in Massachusetts, told AIM members Friday that the measure of economic growth is the degree to which prosperity is shared throughout the commonwealth.

LG.PolitoPolito told more than 850 business leaders gathered for the AIM Annual Meeting that the Baker Administration has sought to meld state programs such as the Economic Development Incentive Program and Massworks with regional growth strategies that reflect the unique economic footprint of each region.

“What we have learned from this journey is to develop strong relationships that help to grow the economy throughout the state,” said Polito, a lifelong Shrewsbury resident who represented that town in the Legislature before becoming Lieutenant Governor in 2015.

She added later: “People don’t judge how things are going in life by how things are going at the State House, on Beacon Hill…They judge things by how things are going in the communities where they raise their kids.”

Polito keynoted a celebration of Massachusetts employers that also saw AIM present Vision Awards to the financial services company, MassMutual, and to philanthropists Bill and Joyce Cummings. The association also honored the Springfield Empowerment Zone Partnership with the 2018 John Gould Education and Work Force Development Award.

Polito recalled sitting in city and town halls throughout the commonwealth speaking to local officials about the best ways to stimulate the economies in those communities. The conversations dovetailed with an administration effort to persuade local governments to share best practices and become more efficient.

More than 850 of those best-practice projects are currently underway.

The lieutenant governor said that ensuring economic development takes place “from one end of this great state to another” was a priority for the administration from the start. She noted several examples, including investment in a life-sciences incubator in Pittsfield, development of a life-sciences manufacturing center in Worcester, the introduction of broadband Internet to 53 western Massachusetts communities that lacked it, and the use of $275 million in infrastructure investments to improve everything from downtown commercial streets to access roads opening up industrial parks.

“Each region has incredible assets…regional strategies are integral to growing the economy throughout the commonwealth,” she said.

Polito also stressed the importance of solving key economic issues such as the shortage of skilled workers, the shortage of affordable housing and the rising cost of energy.

She said efforts to address the tight supply of workers are concentrated on three areas – information technology, health care and manufacturing.

The objective is “to graduate students to you with the right skills.”

Polito thanked AIM for representing the interests of all types of employers.

“You give such strong voice to the businesses across our commonwealth, no matter how big or small and no matter where they are situated,” she said.

Topics: AIM Annual Meeting, Lt. Governor Karyn Polito, AIM Vision Award, Gould Education and Workforce Training

2018 Gould Award Honors Springfield Empowerment Zone

Posted by Christopher Geehern on Apr 9, 2018 9:08:15 AM

A model collaboration among the City of Springfield, Springfield Public Schools, the Springfield Education Association, teachers, administrators, local philanthropy, and the commonwealth to turn around 11 middle and high schools in Springfield will receive the 2018 John Gould Education and Workforce Development Award, AIM announced today.

Gould2018Now in its third year and serving more than 5,000 middle and high school students, the Springfield Empowerment Zone Partnership represents a groundbreaking initiative in which individual schools operate with autonomy over hiring, budget, schedule, curriculum, and culture.

Schools in the Zone are overseen by an independent board made up of majority community leaders. It remains part of the district and is accountable to the district and the state under a performance contract.

AIM will present the Gould Award at its Annual Meeting on May 18 at the Westin Waterfront hotel in Boston. Lt. Governor Karyn Polito will keynote the event, which will also include presentation of AIM Vision Awards to philanthropists Bill and Joyce Cummings and the financial services company MassMutual.

“The Springfield Empowerment Zone Partnership is an example of what can happen when teachers and administrators are provided with the freedom and accountability to make schools better for students,” said Richard C. Lord, President and Chief Executive Officer of AIM.

“AIM is pleased to honor a project that brings together city and district leaders, the local teachers union, the school committee, the commonwealth, educators, parents and students in a key economic area of Massachusetts.”

The Springfield Empowerment Zone has generated bipartisan support on both the state and local levels. Governor Charlie Baker highlighted the initiative in his State of the State speech in January.

“These zones…allow educators to make the changes to provide a better learning environment for our kids,” Baker said.

Meanwhile, State Senator Eric Lesser, a Democrat whose district includes parts of Springfield, said “Springfield has been able to avoid a state takeover and create a model for getting everyone talking to each other and all the stakeholders working collaboratively.”

The Board of Directors that oversees the Empowerment Zone is chaired by Chris Gabrieli, chief executive of the education nonprofit Empower Schools. The board also includes Mayor Sarno, School Superintendent Dan Warwick, School Committee Vice Chair Chris Collins, and prominent community members John Davis, Senior Trustee at the Davis Foundation; Beverly Holmes, a former MassMutual executive and now active church pastor; and James Morton, President and CEO of the YMCA of Greater Boston.

The Springfield Education Association, the union representing teachers in the city, negotiated a separate agreement for educators at schools included in the Empowerment Zone.  Union and Zone leaders maintain an active partnership in their efforts to improve education and create collaborative environments within Zone schools. 

Local and state officials and educators caution that it is too early to declare success, but they are encouraged by improving test results and collaborative alignment among district leadership, unions, school committee members, educators, school leaders, and more.

Superintendent Warwick reflected on the progress of the Zone saying “what I see going on in the schools – the energy, the excitement, the buy-in from students – you can already see these schools have improved and they’re going to continue to improve because of the structures that are being put in place”.

The Gould Award was established in 1998 to recognize the contributions of individuals, employers, and institutions to the quality of public education and to the advancement, employability, and productivity of residents of the Commonwealth.

In 2000, the award was named after John Gould, upon his retirement as President and CEO of AIM, to recognize his work to improve the quality of public education and workforce training in Massachusetts.

Past recipients of the Gould Award include; the late Jack Rennie, Chairman and Founder of the Massachusetts Business Alliance for Education, Middlesex Community College, Gordon Lankton, President and CEO (retired), NYPRO Inc., William Edgerly, Chairman Emeritus, State Street Corporation, Northeastern University, The Davis Family Foundation, Intel Massachusetts, EMC Corporation, IBM, David Driscoll Commissioner (Retired) Massachusetts Department of Education, State Street Corporation and Year UP Boston, Beth Israel Deaconess Medical Center, Massachusetts Manufacturing Extension Partnership, Brockton High School, Manufacturing Advancement Center – MACWIC Program, Christo Rey Boston High School, CVS and Massachusetts Rehabilitation Commission and Morgan Memorial Goodwill Industries. 

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Topics: AIM Annual Meeting, Education, Gould Education and Workforce Training

AIM Honors Bill and Joyce Cummings, MassMutual with 2018 Vision Awards

Posted by Christopher Geehern on Apr 2, 2018 9:16:17 AM

A couple giving away its fortune to charity and a distinguished financial services company adding jobs from Springfield to Boston will be honored with 2018 Vision Awards from Associated Industries of Massachusetts (AIM).

AIM will honor Bill and Joyce Cummings and Cummings Foundation of Woburn and MassMutual of Springfield at the association’s Annual Meeting on May 18 in Boston.

Bill Cummings, the founder of Woburn-based Cummings Properties, and his wife Joyce are among the most prolific philanthropists in Massachusetts, donating more than $21 million each year to organizations working in human services, education, healthcare, and social justice. The Cummings are also signatories to the Giving Pledge, the organization founded in 2010 by billionaires Warren Buffett and Bill and Melinda Gates to encourage people to donate their wealth to philanthropic causes or charities.

MassMutual, a cornerstone of the western Massachusetts economy since its founding in 1851, recently announced plans to move 1,000 workers into a new $240 million office in the Seaport District of Boston and another 1,500 new workers to its headquarters in Springfield. The company said the move is part of a broader strategy to consolidate operations in its home state and give the company increased access to a growing pool of tech and financial industry workers.

The AIM Vision Award recognizes companies, organizations and individuals who have made unique contributions to the cause of economic opportunity in Massachusetts. The award reflects AIM’s mission to stand for jobs, economic prosperity, innovation and a government that acknowledges that the private sector has the unique responsibility to create the common wealth for the people of Massachusetts.

“The 4,000 member-employers of Associated Industries of Massachusetts are delighted to honor two people and one company who illustrate and define the value that free enterprise brings to the larger society,” said Richard C. Lord, President and Chief Executive Officer of AIM.

“Bill and Joyce Cummings set the standard for philanthropy in Massachusetts and have built the idea of giving back into the DNA of their business. MassMutual is a 167-year-old company that continues to grow and create significant economic opportunity for the citizens of Massachusetts.”

Bill and Joyce Cummings

CummingsThe Cummings donate millions to charity each year through several programs of Cummings Foundation:

  • $100k for 100 – A grant program that funds small and medium-sized Massachusetts nonprofits in Middlesex, Essex, and Suffolk counties. Each year, hundreds of organizations vie for invitations to apply for one of the 100 grants of $100,000 each to be awarded locally.
  • Sustaining Grants - Recognizing nonprofits' need for long-term financial support, $10 million in Sustaining Grants go annually to former $100K for 100 winners whose grants are now in their final year.
  • Institute for World Justice – Uses education to help prevent future genocides and other intercultural violence and injustices; and aids in the recovery and rebuilding of Rwanda. The Foundation pledged the first $15 million toward the planning and creation of the first phase of  University of Global Health Equity in Butaro, Rwanda
  • Tufts University Cummings School of Veterinary Medicine – The Foundation maintains a long-standing partnership with New England’s only veterinary school—providing support and financial resources to sustain the graduate school’s global reputation for excellence. The partnership includes a $70 million commitment from the Foundation, the majority of which has been fulfilled.

Bill Cummings says he learned both the value of hard work and the importance of generosity from his parents. His father painted houses, raising a family in a one-bedroom apartment atop a liquor store and a taxi stand on the outskirts of Boston. His mother was a neighborhood fixture, building friendships as she knocked on doors to collect coins for large charities that once operated that way.

He spent part of his young years washing windows for his neighborhood’s storekeepers, and for three summers as a young teen he sold ice cream from the back of his bike at a nearby Ford Motors assembly plant. Later he purchased and sold dozens of small boats using Boston Globe classified ads. Eventually, he grew Cummings Properties into a 500-person company with a debt-free portfolio of 11 million square feet of commercial real estate.

“My friend Bill writes that he rejects the phrase ‘give until it hurts’ because he and his wife, Joyce, think the better advice is to ‘give until it feels good.’ It’s a fitting observation from a man whose extraordinary business success is outmatched only by his commitment to lifting up those around him,” said Melinda Gates, Co-Chair of the Bill and Melinda Gates Foundation.

MassMutual

MassMutual.FINALMassMutual is a leading mutual life insurance company that offers a wide range of financial products and services, including life insurance, disability income insurance, long-term care insurance, annuities, retirement plans and other employee benefits.

The company is one of the largest businesses based in Massachusetts, with $771 billion in assets under management and $670 billion of life insurance protection in force (as of year-end 2017).

MassMutual employs some 3,000 people in Springfield and approximately 7,300 people globally.

The company reached number 77 on the FORTUNE® 500 list in 2017 and was named a FORTUNE Most Admired company for 2018 (a distinction held for the last 18 out of 20 years), topping the list for innovation and the top-ranked mutual company in the life and health insurance industry category. 

MassMutual was also recognized as one of the 2018 World’s Most Ethical Companies for the fifth consecutive year by the Ethisphere Institute. The company was featured on the Human Rights Campaign’s Corporate Equality Index for the eighth time in the last decade in 2018, earning a perfect score of 100.

Perhaps no company has done more for Springfield and western Massachusetts over a longer period of time while forging more far-reaching business success than MassMutual. From its recent $1 million commitment to expand a support program that addresses students’ out-of-school challenges to promoting inclusive entrepreneurship through a partnership with Valley Venture Mentors, MassMutual has provided a compelling model for companies seeking to balance the demands of a global marketplace with the needs of its hometown.

In addition to strengthening education in Springfield, through the MassMutual Foundation, the company invests in projects, programs and organizations focused on strengthening the city of Springfield through revitalization, development, and social capital.  Signature investments in the region include $15 million of support over 10 years to the University of Massachusetts Amherst to drive education and economic opportunity in western Massachusetts, $1 million to the Naismith Memorial Basketball Hall of Fame’s Capital Campaign to revitalize the Museum, and seasonally supporting the Springfield Museums.

The sustained commitment of MassMutual is even more extraordinary because it has come in an age when most of the other large companies that once also shouldered the responsibility for philanthropy and economic development in the city have long since disappeared or been absorbed into other entities.

In announcing its expansion in Springfield and Boston, MassMutual Chairman, President and CEO Roger Crandall said, "Following a thorough strategic assessment of our operations and footprint, we concluded that our home state of Massachusetts is the best place for us to grow and thrive over the long term. We have deep roots and a supportive community in our hometown of Springfield, and we will continue to invest and grow our workforce in the city."

MassMutual has been honored regularly among the best places to work for both working mothers and for lesbian, gay, bisexual and transgender employees.

Register for the AIM Annual Meeting

 

Topics: AIM Annual Meeting, AIM Vision Awards

Governor Baker Addresses AIM Annual Meeting

Posted by Christopher Geehern on May 12, 2017 12:19:02 PM

Governor Charlie Baker delivered the keynote address at the 2017 AIM Annual Meeting last week in Boston. The governor reviewed the accomplishments of his administration and ended with a passionate plea for bipartisanship.

Here is his full speech...

Topics: AIM Annual Meeting, Massachusetts economy, Charlie Baker

Tech Foundry Addresses Burgeoning Need for IT Workers

Posted by Christopher Geehern on May 11, 2017 3:31:56 PM

Associated Industries of Massachusetts last week presented the John Gould Education and Workforce Development Award to Tech Foundry of Springfield.

Founded in 2013, Tech Foundry has trained more than 100 people ranging from high school students to older workers – many from underserved and at-risk populations – to meet the accelerating demand for qualified IT workers in western Massachusetts.

Here is their story...

 

Topics: AIM Annual Meeting, Education, Gould Education and Workforce Training

AIM Vision Awards | WHOI Makes Massachusetts Global Center of Ocean Science

Posted by Christopher Geehern on May 10, 2017 10:45:10 AM

Associated Industries of Massachusetts last week presented the second annual Vision Awards, which honor the accomplishments of companies and individuals who have made unique contributions to the economy and citizens of Massachusetts.

One of three 2017 Vision Awards went to Woods Hole Oceanographic Institution (WHOI) and its Director and President, Mark Abbott.

WHOI is the world’s largest, private non-profit oceanographic research institution and a global leader in the study and exploration of the ocean. An unmatched reputation for intellectual discovery under the water has allowed the organization to contribute to its economic surroundings out of the water as well.

Here is their story...

Topics: AIM Annual Meeting, Massachusetts employers, AIM Vision Award

AIM Vision Awards | Bright Horizons Helps Employers, Employees Balance Complex Work/Life Issues

Posted by Christopher Geehern on May 9, 2017 1:43:52 PM

Associated Industries of Massachusetts last week presented the second annual Vision Awards, which honor the accomplishments of companies and individuals who have made unique contributions to the economy and citizens of Massachusetts.

One of three 2017 Vision Awards went to Bright Horizons Family Solutions of Watertown and its co-founder, Linda Mason. Bright Horizons has forged a trusted global presence as an indispensable resource for employers and their workers seeking to address an increasingly complex array of work-life issues.

Here is their story...

 

Topics: AIM Annual Meeting, Massachusetts employers, AIM Vision Award

AIM Vision Award | Financial Services Pioneer Fidelity Continues to Innovate

Posted by Christopher Geehern on May 8, 2017 11:00:00 AM

Associated Industries of Massachusetts last week presented the second annual Vision Awards, which honor the accomplishments of companies and individuals who have made unique contributions to the economy and citizens of Massachusetts.

One of three 2017 Vision Awards went to financial services pioneer Fidelity Investments and its Chairman and Chief Executive Officer, Abby Johnson.

Fidelity has used innovation and an unrelenting focus on customer service to mold itself into a diversified financial services firm that is a leader in personal investing, workplace investing, and tools and services for financial intermediaries.

Here is their story:

Topics: AIM Annual Meeting, Massachusetts employers, AIM Vision Award

Governor Makes Case for Bipartisanship

Posted by Christopher Geehern on May 8, 2017 10:11:59 AM

Governor Charlie Baker, speaking one day after a health-care bill once again passed the US House of Representatives without a single vote from the minority party, made a passionate case for bipartisanship in a speech to the AIM Annual Meeting Friday.

Baker.2017.jpg“In the end, you’re not measured by how many things you opposed but how many things you get done,” the governor told more than 850 business leaders gathered at the Westin Boston Waterfront hotel.

“I take tremendous satisfaction from the fact that we get along with people on both sides of the aisle.”

Governor Baker has worked closely throughout his first two years in office with the two top Democrats in the Massachusetts Legislature – House Speaker Robert DeLeo and Senate President Stan Rosenberg – on complex issues ranging from the MBTA and energy policy to the opiate crisis. The bipartisan approach has made the governor the most popular chief executive in the nation, according to polls.

“I’ve learned a lot from people I don’t agree with,” said Governor Baker, who said his entire staff prides itself on listening to ideas from throughout the ideological spectrum.

The governor’s speech highlighted an Annual Meeting celebration that featured presentation of 2017 AIM Vision Awards to Fidelity Investments, Bright Horizons Family Solutions and Woods Hole Oceanographic Institution. AIM also presented the John Gould Education and Workforce Development Award to Tech Foundry of Springfield.

Governor Baker highlighted several bipartisan initiatives he said have been cornerstones of his administration:

  • Strengthening communities, including a $300 million funding increase for k-12 education, development of a second-generation MCAS test, $800 million for local roads and bridges and an initiative under which cities and towns can share best governing and management practices.
  • Economic growth, including a broad regulatory review, a multi-million-dollar investment in vocational/technical schools, streamlining of mass transit systems and an energy bill that maintains costs while reducing the commonwealth’s carbon footprint.
  • Improved efficiency, including reduced wait times at the Registry of Motor Vehicles and an overhaul of the Health Insurance Connector Authority, which broke down several years ago as residents were attempting to buy insurance.

Bipartisan cooperation, the governor said, was one of the primary reasons that General Electric Company chose to locate its corporate headquarters in Boston. The company has often cited the collaboration between the Republican Baker and Boston Mayor Marty Walsh, a Democrat, as a factor in its decision to move from Connecticut.

Governor Baker praised the work done by AIM to represent the interests of employers in public-policy debates.

He praised the association for its willingness to “speak candidly and straight about issues it cares about.”

Topics: AIM Annual Meeting, Massachusetts, Charlie Baker

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