For Immediate Release
September 05, 2011
For More Information Contact:
Mayor's Press Office
Mayor Thomas M. Menino today spoke to the Greater Boston Labor Council at the group’s annual Labor Day Breakfast, addressing local workers and public officials about how to boost job growth and the Boston economy. To coincide with Labor Day, Mayor Menino released a Jobs Report outlining strategies to further bolster job creation and keep Boston on top. While Boston continues to be one of the highest job growth cities in the country - the U.S. unemployment rate of 9% is higher than here in our state, and considerably higher than Boston’s rate of around 7% - the Mayor emphasized the need to continue working to create jobs for Boston residents.
“Boston is creating more jobs than almost any big city in the country,” Mayor Menino said. “Still, there are families struggling to find work and provide for their families, and there is more we can do to make sure they have the opportunity to find employment. We have one of the most diverse economies and work forces in the country, and together we can find better ways to put more people to work.”
Mayor Menino attributed Boston’s growth and successes to the City’s focus on strong neighborhoods and schools, a diverse economy and workforce, and fostering collaboration among government, non-profit, and private partners. The Jobs Report released today states that “there is no room for let-up in efforts” and identifies ten new strategies to promote job growth, emphasizing collaboration across all departments and in concert with outside partners.
The strategies include adding a neighborhood component to the New Business Hub, a site that will streamline communication and permitting for new business owners, as well as offering new strategies for job training and placement. Building on current successes, the report also calls for a second I-Cubed Economic Development Project, the city-state-private sector program that is being successfully deployed to foster growth on the waterfront and investment in the site for Vertex Pharmaceuticals, and using the successful ARRA team model to maximize opportunities that emerge for Boston residents out of Federal jobs stimulus efforts.
Ten Strategies for Job Growth
- Create PILOT Credit for Hiring Unemployed Workers
- Deploy Successful ARRA Team Model to Maximize Federal Jobs Program
- Enhance the New Business Hub and Streamline Business and Development Permitting
- Create a Small Business Incubator
- Initiate Second I-Cubed Economic Development Project
- Complete a 2015 Jobs Inventory
- Expand Tech Job Training Opportunities with Private Support
- Expand Summer Jobs Program and Engage Growing Sectors
- Restructure Vocational Training at Secondary and Post-Secondary Levels
- Launch Job Resource Centers and Create Job Literacy Centers
Mayor Menino highlighted the newest businesses to join the thriving Waterfront area and prospering neighborhood business districts as examples of how the City can work with neighborhoods, small businesses, and the private sector to stimulate growth, and emphasized the importance of collaboration in their success.
Jobs Highlights in 2011
- The city was last month named number one among 100 major cities for job growth. We are one of the few cities with more private sector jobs now than five years ago.
- 33 development projects under construction, creating approximately 6,500 construction jobs
- Nearly 200 projects in the development pipeline, totaling 50 million square feet and approximately $15 billion in development costs
- Fifteen projects anticipated to break ground in the last quarter of 2011 and the first quarter of 2012
- 100+ jobs created from construction on city facilities. 350 jobs to be created at Ferdinand site in Dudley Square
- Almost 500 jobs created from BHA construction contracts since January 2010
- Since 7/09, Office of Business Development assistance helped 90 neighborhood businesses create 445 new jobs
- Energy efficiency programs creating additional 100 jobs for outreach, retrofits, and installations