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"I bet on Massachusetts.
I bet on Boston every time," one business leader tells the Boston Globe.
"It's impossible to build what we have."
That's the takeaway from the fourth annual Talent and Competitiveness Survey of members of the Massachusetts Business Roundtable, a survey of CEOs and senior executives from some of the state's largest employers that found cost of living and the cost of doing business were the main factors affecting employers' decisions to stay in Massachusetts or expand there.
The survey, conducted by McKinsey & Company, also found 40% of employers plan to grow their workforce outside of the state over the next five years.
And more than 50% of those surveyed say the biggest obstacle to recruiting talent is their unwillingness to move to Massachusetts.
"For an economy historically on access to the best talent in the world, the negative impacts from cost of living and doing business pose a threat to the state's long-term competitiveness," the survey states.
The survey found 83% of CEOs and senior executives cited cost of living as critical to their decision to remain in Massachusetts, up more than twofold from two years ago, and more than 50% said the biggest obstacle to recruiting is unwillingness to move here.
The survey also found 63% of respondents believe investments in housing, life sciences,
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
Community Building News from...
Wells Fargo Foundation
New Hampshire Charitable Foundation
Community Foundation of Southeast Kansas
Dallas Foundation
Oak Park-River Forest Community Foundation
Greater Washington Community Foundation
Rhode Island Foundation
Community Foundation for Greater Atlanta
California Community Foundation
Arizona Community Foundation
Social Entrepreneurship
Spotlight
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
