Massachusetts Business Environment

Table of contents


This report is about the competitiveness of the state “Massachusetts”. Massachusetts is one of the oldest states of the United States. It is known for its technological advancement, strong economy and reputation of technology state. Beacon Hill Institute defines state competitiveness as “We consider a state to be competitive if it has in place the policies and conditions that ensure and sustain a high level of per capita income and continued growth”. This paper is an effort to understand various strengths and weaknesses of the State and policies that can keep the state competitive.

According to the Beacon Hill Institute’s State Competitiveness Report, 2007 Massachusetts is replaced by Utah in its competitiveness. Massachusetts was at the top place in the year 2005 and 2006. Massachusetts has been strong in the sub-indexes like human services, finance and technology. The report states that the economic polices of the leading technology states including Massachusetts has not improved. The BHI index of State competitiveness includes economic competitiveness that is strictly based on taxation. Productivity and personal incomes are important part of economic development strategy of any state. The strengths and weaknesses of the state are described below:


It has a stable economy that is growing with steady rate. There is availability of workforce at present. It is technologically advance state. Massachusetts is center of education and advance learning. The education system consists of various educational, technical and professional institutes. These institutes are attracting students from all over the world for technical and bio-science education. The State has strong policies for intellectual rights. The patent right protection is attracting business organizations and researchers to the State. The availability of technically skilled workforce at present adds to the research and development activities. The great institutes of Massachusetts include Boston University and Boston College, Harvard University, MIT and others. The lists of strengths of the State are as follows:

  • Strong economy
  • Image of technology state
  • Availability of skilled workforce for technology, research, design and engineering.
  • Strong policies for intellectual rights, particularly patent rights.
  • Higher education system that includes medical school and colleges, teaching, graduation programs in science and technology
  • High state technology
  • Presence of world class business organizations and facilities for the research and development activities and business operations
  • Its Location: It has a strategic location of the center of New England.
  • Export sector economy

Altogether, the State is able to attract business organization for setting new businesses, attracting funds for research and development activities. This is the strongest strength of the state.

It ranks first on the Human resource sub-index (BHI, 2007). This is based on high proficiency of students of grade 4 in mathematics, less infant mortality rate and availability of nonfederal physicians per 100,000 inhabitants.

Number of population enrolled in degree institutions and with high school certificates are high. Percentages of people without health insurance are less. This indicates availability of a healthy and skilled workforce in the future.

The State has rated well at all the sections of technology sub index. It is spending money for research and development projects. It is supporting various projects and has good intellectual rights policy at place. Percentage of people with science and technology backgrounds are high and wages and salary for the technically skilled workforce is high. It is a moderately secure state with the ranking of 12 among all the states listed(BHI, 2007).

As listed in the image below, Software technology and communication services, Scientific, Technical and management services and the financial services are the high paying job sectors. Among these Scientific, Technical and management services are experiencing growths.


There are certain weaknesses of the State. These have resulted in lowering its position from first competitive state to second position. Effort of the State in improving its infrastructure has been not impressive. Housing is very costly. The international workers get distracted by the costly housing facility.

  • Loss of jobs in manufacturing sector
  • Economy at transition state
  • Decline in the skilled young workforce
  • Budget Deficit
  • Lack of availability of skilled workforce for knowledge intensive industries
  • Growth in the sectors with limited employment opportunity like biosciences and computer hardware and related components.

The State has ranked 34 on the Government and Fiscal Policy index. It is ranked 50th for the average benefit per first payment for unemployed.  It is ranked 42 on Infrastructure Index. The poor ranking was based on the travel time, electricity prices and housing cost. The state has ranked poor for the minimum wage and representation of unions on different workforce. It has poor environmental policy as compared to the other states as it is ranked 42 on the Environmental Policy Sub-index. Local innovation economic environment is hit by not having head offices of the corporate/ (BHI, 2007)

Policies for Maintaining Competitiveness of the State

According to 2006 INDEX of the Massachusetts Innovation Economy states four key issues for the State as a Competitiveness issue. The first is research and development investments and conversion to new technologies, products, and businesses, the second is the availability of capital and the quality of investment opportunities in Massachusetts relative to other LTS, third is the availability of a workforce with the scalability and skills necessary to feed expansion and the last is global market competition and the demands and opportunities of export growth. Each of these concerns is required to be handled for the State to maintain its competitiveness.

The policy makers need to focus on these issues for policy making. Intelligent taxation system that allows individuals and corporate to have a predictable taxation policies, improved infrastructure, government support for the business related activities and government initiatives to prepare future workforce according to the changing needs of the environment will help to sustain the competitiveness of the State. Government needs to control its cost in order to avoid any kind of budgetary crisis in future.


Massachusetts is highly competitive state. As indicated from the available resources that most of the issues concerning to the competitiveness of Massachusetts can be controlled by effective policies.  Government needs to maintain its competitiveness by adopting policies in the favor of business environment.


  1. Beacon Hill Institute (2007), State Competitiveness Report 2007 The Beacon Hill Institute for Public Policy Research, Suffolk University: Boston ISBN 1-886320-32-2
  2. John Adams Innovation Institute (2006), Index of the Massachusetts Innovation Economy, Massachusetts Technology Collaborative
  3. Elizabeth C. McNichol and Iris Lav , 13 STATES FACE TOTAL BUDGET SHORTFALL OF AT LEAST $23 BILLION IN 2009; 11 OTHERS EXPECT BUDGET PROBLEMS, Economy, States’ Past Fiscal Decisions Are Largely To Blame retrieved on 8 May 2008 from
  4. Made in Massachusetts retrieved on 8 May 2008 from

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyStudyWriters
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Love this writer!!! Great work
Customer 452597, April 5th, 2021
thank you so much
Customer 452749, June 10th, 2021
Leadership Studies
excellent job
Customer 452773, August 3rd, 2023
Business and administrative studies
excellent job
Customer 452773, March 12th, 2023
Business and administrative studies
Customer 452773, February 23rd, 2023
Social Work and Human Services
Although it took 2 revisions I am satisfied but I did receive it late because of that.
Customer 452603, March 25th, 2021
Thank youuuu
Customer 452729, May 30th, 2021
Managerial Accounting & Legal Aspects of Business ACC/543
excellent work
Customer 452773, February 7th, 2024
10th grade English
very good
Customer 452773, March 26th, 2023
Leadership Studies
awesome work as always
Customer 452773, August 19th, 2023
Business and administrative studies
excellent work
Customer 452773, March 9th, 2023
Leadership Studies
excellent job as always
Customer 452773, September 2nd, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp