Addressing housing and transportation challenges, investing in infrastructure, constant branding, attracting expertise, and doubling down on local weather know-how innovation are all featured priorities in a long-term financial growth plan filed by the Healey administration.
Gov. Maura Healey’s plan takes intention at Massachusetts’ “unique opportunity to demonstrate to the rest of our country a better path forward,” based on a replica of the plan filed with the Senate.
Massachusetts has confronted a “complex economic landscape” outlined by the COVID-19 pandemic, world conflicts, excessive inflation, and the specter of local weather change, Healey and Lt. Gov. Kim Driscoll wrote in a letter to the House and Senate clerks.
“In the face of these bold macroeconomic forces, Massachusetts stands poised to adapt, innovate, and lead future generations,” the letter mentioned.
State legislation requires every governor to draft and signal an financial growth plan within the first 12 months of their administration that units “long-term goals and measurable benchmarks.”
Economic Development Secretary Yvonne Hao plans to debate the doc throughout a Wednesday afternoon listening to hosted by the Legislature’s Economic Development and Emerging Technologies Committee.
Healey administration officers mentioned they centered the plan on three primary priorities — “fundamentals,” “talent,” and “sectors,” with particular initiatives for every space. Fundamentals covers housing and transportation challenges and investing in infrastructure and “competitiveness,” the plan mentioned.
The state can even look to retrain and “attract the world’s best talent across all backgrounds,” based on the plan, together with by launching internships for faculty graduates and immigration pathways for internationals.
Supporting companies that “power” the state’s financial system falls beneath the “sectors” precedence, which additionally focuses on lengthening the state’s lead in life sciences and healthcare, superior manufacturing and robotics, and synthetic intelligence, the plan mentioned.
Healey desires Massachusetts to grow to be a world chief in local weather know-how innovation and increase tourism by benefiting from the 250th anniversary of the American Revolution.
The administration mentioned it plans to measure the progress of the plan by taking a look at whether or not the general inhabitants in Massachusetts will increase, extra expertise stays right here, and the state turns into “one of the highest GDP per capita states,” amongst different issues.
“We believe Massachusetts can be an innovative, mission-driven, high-growth economy that solves the big problems facing our world by curing disease, addressing climate change, improving health care, and educating our young talent,” the administration mentioned within the plan’s introduction.
Source: www.bostonherald.com”