January 11, 2006. RECAP: Greater Boston’s Key Challenges & Scan of the Competition. Mary Jo Meisner, Vice President for Communications, Community Relations and Public Affairs The Boston Foundation. Greater Boston MSA Population 1969-1999. Greater Boston MSA Employment 1969-1999.
Mary Jo Meisner, Vice President for Communications, Community Relations and Public Affairs
The Boston Foundation
Source: New England Economic Partnership
Ratio of Median Income to Income Needed to Purchase the Median-Priced House
Source: Median income from the Census (1990 and 2000) and Current Population Survey (2004). House prices based on the OFHEO index. Income needed based on a monthly payment including principal and interest on a 30-year conventional mortgage with 20% down, real estate taxes and insurance, and a qualifying income of 28%.
More fragmentation, less collaboration, fewer linkages
“Old, cold, expensive, unwelcoming, and anti-business – a difficult place to get things done…”
Demographics and ImmigrationOur mutually reinforcing assets are now out of alignment, with housing costs our weakest link
Forces Within the Dynamic System Contributing to Growth
Demographics and Immigration
Networks and Collaboration
Networks and Collaboration
…when there are engines that are not contributing you may be only as strong as your weakest link.
Open, Dynamic Civic Leadership
21st Century Jobs and
World Class Human Capital
21st Century Infrastructure
Economic Stimulus Bill/Match
Director, Center for Urban & Regional Policy
up to 20 units -- $ 10,000 201-500 units -- $350,000
21-100 units -- $ 75,000 over 500 units -- $600,000
101-200 units -- $200,000
A one-time “Bonus” for each new or rehabbed unit
Corporate Community Relations Manager
Educational Attainment: Immigrant Labor Force arriving in MA 90 - 00
Source: MassInc, US Census, CPS data.
Adult Literacy &
English Skills (ABE/ESOL)
Early Education for All Campaign
Just for the Kids -Mass Business Alliance on Education
Great Schools Campaign – Mass Insight Education
Rennie Center – Research plus
Teacher 21 – Mass Business Roundtable
NGA Grant to MA
Senate Task Force on Public Higher Education -
R & D Centers of Excellence – Technology Road Map/Mass Insight
STEM (Science, Technology, Engineering, Math) - School to Career
Goldberg Seminar –collaboration among institutionsExcellent Business-Supported Initiatives Underway
A New Initiative
5-year, $15 million partnership: Foundations, City of Boston, Commonwealth of MA
Directly engages employers
Targets health care and hospitality
$30-$40 million pending
Economic Stimulus BillWorkforce/Career Development
But what works?
Need research &
pilots at all levels
Mara G. Aspinall
Source: Reynolds, "Journal of the American Medical Association.
(Lifetime savings per participant (based on age 27 follow-up) in 2001 constant dollars, discounted 3% annually)
Sources: Barnett, High/Scope Press.
Senior Vice President
Federal Reserve Bank of Boston
Form a task force to work on a regional brand and a marketing strategy
Susan Asci, New England Council
Lynn Browne, Federal Reserve Bank of Boston