• Governor Patrick to introduce BHI Panel Discussion

11/18/2008

Governor Deval Patrick will introduce a program in which the Beacon Hill Institute will present its Eighth Annual Competitiveness Report. The presentation will take place at 9:30 a.m. on Wednesday, November 19 at Suffolk University Law School, 120 Tremont Street, Boston. The report will show where Massachusetts ranks relative to the other 49 states in terms of its ability to attract business and maintain a high standard of living for its residents.

Dr. Jonathan Haughton, BHI Senior Economist and co-author of the report, will examine the Commonwealth’s performance in the context of the current economic turmoil facing all 50 states.

Dr. Haughton will be followed by a panel featuring:
• Greg Bialecki, Massachusetts Undersecretary for Business Development,
• John Regan, Vice President of the Associated Industries of Massachusetts, and
• Michael George, CEO of OATSystems, Inc., will discuss the report.

The BHI competitiveness index is based on a set of 43 indicators divided into eight subindexes – government and fiscal policy, security, infrastructure, human resources, technology, business incubation, openness as well as environmental policy. The overall index is an average of the subindexes, each of which is itself an average of the indicators making up that subindex. The index ranges from “1” to “10,” with “10” indicating the highest score in a category and “1” indicating the worst, and is centered on “5.” The breadth of the BHI index distinguishes it from more narrowly focused measures of competitiveness that target just taxes, high tech or economic freedom.

BHI is an independent, nonpartisan economic research organization associated with the Department of Economics at Suffolk University in Boston, Massachusetts. For the last seven years, BHI has been a leader in the development of econometric models for the analysis of state tax policy changes, interstate economic competitiveness and community economic impact studies. The Institute also provides a state revenue forecast annually to the Massachusetts Joint Legislative Committee for Ways and Means and legislative leadership.

The entire State Competitiveness Report will be available at www.beaconhill.org on Wednesday, November 19 at 12:01 a.m.

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