Economy

Banking on the pot industry

Banking on the pot industry

Conflicts with state laws and federal regulations create anxiety for most banks

AT LEAST ONE Massachusetts bank is offering services to the nascent legal marijuana industry in the state despite uncertainty over federal drug and banking regulations that still classify all pot sales as money-laundering, making it a risky venture both for the businesses and financial institutions. According to marijuana and banking industry officials, family-owned Century Bank(...)

Read More »

Airbnb wants to be taxed in Mass.

Airbnb wants to be taxed in Mass.

Home-sharing app runs ad supporting levy on short-term rentals

STATE HOUSE NEWS SERVICE WITH THE PRESIDENTIAL campaign in the rear-view mirror and the airwaves now free of political ads, Airbnb is taking advantage of the void to press its own campaign to get Massachusetts to regulate and tax its short-term rental industry. The San Francisco-based company last week launched a new TV ad in(...)

Read More »

Building a capable workforce

Building a capable workforce

Business Roundtable highlights partnerships

INNOVATIVE PARTNERSHIPS between leading businesses and schools at every level across the state are helping to shape a future workforce that will give the Commonwealth a key competitive edge in the global economy.  Strengthening the talent of our workforce is the top priority cited by CEOs and senior executives at the Massachusetts Business Roundtable, which(...)

Read More »

Airbnb battle coming

Airbnb is running TV ads promoting the societal benefits of its short-term home rental business, the surest sign yet that a bruising battle over regulation of the company and others like it is brewing on Beacon Hill. The ads feature glowing interviews with four homeowners who are renting rooms to visitors to the Boston area.(...)

Read More »

Airbnb launches charm offensive

Airbnb launches charm offensive

TV ads come as Beacon Hill considers regulation

STATE HOUSE NEWS SERVICE WITH A POLICY BATTLE on the Beacon Hill horizon, the short-term rental company Airbnb has launched a TV advocacy campaign framing itself as a boon to local small business, a check against inequality, and a reliable source of income for hosts. The charm offensive comes as legislative leaders appear to be(...)

Read More »

Dysfunctional DCR tries to be smarter landlord

Dysfunctional DCR tries to be smarter landlord

Underfunded, understaffed agency struggles to raise the rent

Photographs by Michael Manning THE HEAD OF THE CHARLES Regatta is a major draw for Massachusetts. Attracting more than 11,000 athletes and tens of thousands of spectators from all over the world, the October regatta is to rowing what the Boston Marathon is to long-distance running. For the Department of Conservation and Recreation, the state(...)

Read More »

Turning around New Bedford

Turning around New Bedford

Mayor Jon Mitchell’s game plan for his Gateway City

Photographs by Frank Curran JON MITCHELL WALKS a fine line as the mayor of New Bedford. On the one hand, he is the self-professed squeaky wheel, constantly pressing state and federal officials for more money, whether it’s for dredging the harbor, building a rail link to Boston, or replacing the ancient bridge that connects New(...)

Read More »

Drawing a line

Drawing a line

Engineers and architects battle over regulation

IT’S NOT QUITE a gang war with combatants brandishing mechanical pencils but there’s a brewing battle over state regulations that engineering companies say are arcane and outdated but architects insist are necessary for the “health, safety, and general welfare” of the public, especially for projects involving tax dollars. Under Massachusetts regulations, only a licensed architect(...)

Read More »

Mending the social fabric

Mending the social fabric

Yuval Levin wants us to knit together pieces of American Dream

The Fractured Republic: Renewing America’s Social Contract in the Age of Individualism By Yuval Levin New York: Basic Books 262 pages   SPEND SOME TIME in West Virginia or Kentucky and you begin to understand why Donald Trump has made it so far as a candidate for president. Making America great again sells well in(...)

Read More »