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Access To Capital And Technical Assistance, Richard J. Ward Sep 1994

Access To Capital And Technical Assistance, Richard J. Ward

New England Journal of Public Policy

This article summarizes and analyzes the views of select leaders in business, labor, banking, the government, and academia with regard to the constraints, obstacles, and recommendations to achieve economic growth in Massachusetts. The role of the state government in addressing these issues receives special attention. Access to capital and technical assistance had been regarded by many as the key constraint, particularly during the recession of the early 1990s. The author analyzes inconvenient government systems, bottlenecks, and bureaucracy as throttling the flow of capital to small-business entrepreneurs. The analysis concludes, however, that unless the state cum federal government finds ways to …


Economic Growth Issues In Massachusetts Rural Areas And Small Cities, Nancy Goff Sep 1994

Economic Growth Issues In Massachusetts Rural Areas And Small Cities, Nancy Goff

New England Journal of Public Policy

In developing a strategy for economic development, state government must consider the special needs of its small cities and rural areas. Well-meaning policies crafted for metropolitan areas have unintended and often negative consequences when applied statewide. This article is a revision of the author's topical discussion paper for the August 6, 1992, Conference on Rural and Small City Development at Mount Wachusett Community College, Gardner. It was used by the Massachusetts Executive Office of Economic Affairs and the University of Massachusetts in developing a statewide economic development strategy.


Improving Education And Training For Economic Development, Joan Mcrae Stoia Sep 1994

Improving Education And Training For Economic Development, Joan Mcrae Stoia

New England Journal of Public Policy

This article explores the connections between workforce quality and economic prosperity, as well as the role of the Massachusetts education and training system, in developing and preserving that quality and supporting the state's key industries. It includes a review of the most recent employment trend and projection data available from the Massachusetts Department of Employment and Training, information about several business-based workplace education models, and a discussion of the specific education and training needs of workers across the age/skill continuum. For the purpose of this discussion, the education and training system are broadly defined to include existing public, private, and …


Investing In Economic Infrastructure, Paul W. Shuldiner Sep 1994

Investing In Economic Infrastructure, Paul W. Shuldiner

New England Journal of Public Policy

The economic returns that the commonwealth of Massachusetts enjoys from its investments in transportation and other physical infrastructure result from the jobs that are created by these investments and from the enhanced utility of land that public works create. The integrative property of transportation in particular makes the comprehensive planning of transportation facilities an inordinately complex and essential public function. This function was the focus of the July 1992 workshop sponsored by the Executive Office of Economic Affairs and the University of Massachusetts. Among the principal themes the participants addressed were how the state's interest in economic development should be …


The Economy And The Regulatory Environment: In Search Of A New Paradigm, Zenia Kotval, John Mullin Sep 1994

The Economy And The Regulatory Environment: In Search Of A New Paradigm, Zenia Kotval, John Mullin

New England Journal of Public Policy

This article focuses on the economy and the regulatory environment. The economic downturn over the past six years has taken its toll on Massachusetts. At the same time, there is immense pressure on the part of the electorate to ensure that our quality of life is protected and enhanced. It is clear that the business community, citizens, and our elected officials are searching for a new paradigm. The concept of a policy of sustainable development is emerging —political and corporate actions that produce well-paying jobs, that create a competitive business climate and improve life within the context of our existing …


Budget Policy And Fiscal Crisis: A Political Matrix, Francis J. Leazes Jr., Robert Sieczkiewicz Sep 1994

Budget Policy And Fiscal Crisis: A Political Matrix, Francis J. Leazes Jr., Robert Sieczkiewicz

New England Journal of Public Policy

A study of 134 Rhode Island programs, administered during the state's budget crisis in the fiscal years 1987 to 1991, yielded a number of important lessons. The more mandated formula spending there was in a budget, the more uncontrollable was the budget. There is a spending bias ingrained in the political culture. Some nonentitlement spending can be difficult to curtail. Cutback management strategies are inadequate to address significant revenue shortfalls. The authors present a political budget matrix designed to assist budget policymakers and staff in making educated assumptions about the way categories of programs may be treated during times of …