Notes from the 9/13 Small Business Committee

October 24, 2018

In case you missed the Economic Development Committee Meeting on 9/13/18, details of the meeting are included below.

  1. Jeremy Thompson, Senior Policy Analyst at Mass Budget & Policy Center walked us through who will be affected by a minimum wage increase to $15 by 2023.  His presentation can be accessed here.
  2. Commonwealth’s Melissa Gopnik shared a data-driven presentation on how employers can use the wage raise increase as an opportunity to build employee financial security and improve business outcomes.
  3. Katie Liesener and Alex Gray from the City of Boston, discussed  BostonHires, a hiring campaign launched by the City of Boston, to promote quality jobs for Boston residents. Employees who hire Boston residents at or above the living wage (currently $14.82/hour) over the next few years, might consider signing up to become a BostonHires Champion or Advocate. Learn more about BostonHires here.
  4. Brian Clarke, Federal Reserve Bank of Boston’s Senior Strategy Manager, shares highlights from the Federal Reserve Bank’s most recent 2017 Small Business Credit Report. The Federal Reserve System launched a new website (fedsmallbusiness.org) that includes analysis from the Small Business Credit Survey.