Posts Tagged ‘economic recovery’
Legislature Passes Final Budget – Includes Extension of Brownfields Tax Credit
In the afternoon of July 31, the Massachusetts House of Representatives and Senate passed the final FY24 Budget. Â
In direct response to NAIOP’s advocacy, the final budget includes a five year extension of the Brownfields Tax Credit, which was previously set to expire on January 1, 2024. Since the beginning of the session in January, NAIOP has worked with the Healey-Driscoll Administration, the Legislature, and a broad coalition of business groups and housing advocates to ensure the extension was considered for early passage.
Read MoreRent Control Is Not the Answer to Our Housing Crisis
Rent Control Is Not the Answer to Our Housing Crisis Decades of Research Shows Its Harm By Tamara Small | This column originally appeared in Banker & Tradesman on September 11, 2022 In July, yet another report was issued highlighting the housing crisis in Massachusetts. The Housing Underproduction Report examined markets throughout the country and…
Read MoreOpinion: The Future of Work Report Misses the Mark
But there is a big miss in McKinsey’s report. It’s no secret that office space was hard hit by the pandemic — walking in downtown Boston for the past year has been more akin to walking in a ghost town. But McKinsey’s topline conclusion that the demand for office real estate may fall as workers spend more time in residential areas due to hybrid work, uses employer and employee data from before vaccines were available to everyone, and conflates a hybrid work-schedule with the need for less physical space.
Read MoreCOVID-19 UPDATE: Governor Baker Announces Repeal of COVID Restrictions and State of Emergency
On May 17, Governor Baker announced that, due to positive health metrics and the wide availability of vaccines, all remaining COVID-19 restrictions will be lifted effective May 29.
Later that day, Acting Mayor Janey announced that the City of Boston will align with the state’s reopening timeline.
Read MoreCOVID-19 UPDATE: Governor Baker Announces Timeline for Continued Reopening; Mayor Janey Releases Slightly Altered Timeline for Boston
On April 27, the Baker-Polito Administration announced that Massachusetts will reopen some outdoor Phase 4, Step 2 industries effective May 10th and put plans in place for further reopening on May 29th and August 1st. The Administration continues to take steps to reopen the Commonwealth’s economy with public health metrics continuing to trend in a positive direction.
Read MoreThe Rubber Meets the Road with Realities of Resilient Reentry
Last year was a pivotal time for commercial real estate across Massachusetts, and while 2021 is showing promise, there is a long way to go before we get back to pre-pandemic market stability and growth. In addition to the vaccine rollout there are a few critical components to the successful and resilient reopening of the economy.
Read MoreCOVID-19 Update: Baker-Polito Administration Moves Forward with Transition to Phase 4, Step 1; Replaces Travel Order with Advisory
On March 18, the Baker-Polito Administration announced that beginning on Monday, March 22, the Commonwealth will advance to Phase 4, Step 1 of the Reopening Plan. This decision was made in light of positively trending public health metrics.
Read MoreGovernor Baker Announces March 1 Date for Advancement to Phase 3 Step 2; Tentative Date for Phase 4 Reopening to be March 22
On February 25, in light of recent positive public health trends, Governor Baker made several announcements related to reopening protocols in Massachusetts.
Read MoreGovernor Baker Announces Updated Capacity Limits for Businesses; Boston Enters Step 1 of Phase 3 of Reopening
On February 4, in light of recent improvements in COVID-19 data in Massachusetts, Governor Baker made several announcements affecting businesses.
Read MoreHow CRE in Massachusetts Navigated a Year of Pandemic and Social Unrest
NAIOP CEO Tamara Small reflects on what 2020 brought to CRE in Massachusetts. This op-ed was originally published in Banker & Tradesman on December 20, 2020.
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