When Wall Street crashed our economy, they got bailed out; the people of Massachusetts didn’t. But we’ve fought our way back, and now Massachusetts is poised to take off – again.
We have the opportunity to build a Commonwealth that is both prosperous and fair, a state where every worker has access to a good job that pays a decent wage, and where businesses want to locate.
Continued inequality does not just hurt those at the bottom, it threatens the very fabric of what we are as a Commonwealth. – Martha Coakley
The core foundation of the Coakley-Kerrigan growth strategy is to invest in our people. The Commonwealth’s educated workforce is our global calling card and most important strategic asset. Everyone deserves an outstanding, affordable educational experience from pre-K through college or vocational training. We know the best way to build an economy that is fair and prosperous, that creates opportunity for all and levels inequalities, is to invest in providing a world-class education and workforce training aligned with our new economy.
We need to build an economy that works for everyone – in every region of Massachusetts. This means identifying the unique strengths and needs of each region, and working with local leaders to determine how the state can be an effective partner to address any challenges. Martha Coakley has seen first-hand the transformative impact of meaningful state and local collaborations, through her economic revitalization efforts in the Attorney General’s office such as abandoned property rehabilitation and brownfields redevelopment. We are already seeing successful regional growth strategy pioneers, such as the state-local-industry partnership in Holyoke driving creation of an Innovation District, and the state-local-industry partnerships creating a new neighborhood in Somerville’s Assembly Square. The Coakley-Kerrigan growth strategy includes a community-and-region-based partnership model, providing collaborative investment and support to cities and towns, allowing regions to harness and maximize their unique and diverse industry strengths and economic opportunities.
We must ensure Massachusetts is a welcoming place for new and established businesses to grow and stay. This requires a predictable and collaborative business environment, where regulatory red tape can be tackled, government partners and dialogues with employers of all sizes, and we all work together to confront the spiraling costs of health care and energy. As our Attorney General, Martha Coakley partnered with industry to bring transparency and good ideas to the table, helping companies deal with health care and energy costs. She also appointed a business ombudsman through creation of the Business, Technology, and Economic Development Division, which partnered with industry to tackle energy costs, champion regulatory reform, and help Massachusetts companies compete in the global marketplace.
Technology innovation is driving our economy in new ways every day. Nearly 40% of our economy is now defined as within the innovation economy. Our Commonwealth’s legacy industry strengths in areas like health care, manufacturing, and financial services are adapting and transforming into globally-leading, innovative industries. And, start-up culture and entrepreneurship has an increasingly strong economic impact. As our Attorney General, Martha Coakley has been a champion for the needs of start-ups and technology-based industries, helping them protect their intellectual property. To create a great environment that encourages new technology-based industries to thrive, government must be an active partner with industry and academia. We can continue to lead the world in life sciences and clean technology and support our emerging industries like big data, eHealth, digital marketing, and robotics by supporting talent retention and workforce development and investing in research and development. The Coakley-Kerrigan Administration will support and enhance the potential offered by the new economy grounded in innovation, technology, and start-up entrepreneurship, helping it provide greater economic benefit and opportunity to all our residents and regions.
To ensure economic growth in all regions, communities, and sectors, we must be constantly striving for a more level and inclusive playing field for the Commonwealth’s workers and businesses. Economic fairness is the backbone of sustainable, healthy economic growth, allowing all people and companies the chance to attain their maximum potential. Martha and Steve are committed to standing with the working families who form the backbone of the Commonwealth. Martha protected the rights of workers at every turn in the Attorney General’s Office, and she champions a level playing field because when competition is fair, Massachusetts businesses and families can compete, succeed, and thrive. We need to ensure that the Commonwealth is a home for good jobs which provide workers with the opportunity to earn a decent wage, support their families, and save for their future.
Click here to learn more about Martha's plan to build an economy on Our Terms.
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