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    • Series: Housing on the South Shore
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    • Overview
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    • Transportation Advisory Group
    • Water & Wastewater
  • News Center
    • The 2030 Blog
    • Virtual Events & Videos
    • Informational Reports
  • Our Region
    • About the South Shore
    • Demographics
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    • Job Board
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The 2030 Blog

Economic Forecast at South Shore Chamber

1/31/2020

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Mr. Mark Melnick of The Donahue Institute spoke at the South Shore Chamber's Economic Outlook breakfast co-sponsored with Envision Bank.  We are pleased to share his presentation which included some nice comparisons on how the South Shore stacks up with the rest of the state on key economic factors.   It validated some of our work on South Shore 2030 to make the region economically stronger.  We were particularly impressed with three slides:

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  1. Slide 9  shows we are 1/3  below (less competitive) the state’s concentrations of jobs in the high talent/high salaried Professional and Technical service industry mix but more concentrated than the state’s overall share in the financial services (by almost 70%) and retail  (by 30%) sectors. That illustrates one of the underlying challenge facing the South Shore.  Some of our largest job sectors are in contracting industries that are shedding jobs while at the same time we have a smaller share of some key sectors that are growing and have higher paying jobs. Our challenge becomes how do we expand and attract the growth sectors.  We believe we do it by growing the talent and workforce available on the South Shore.
  2. Slide 22 compares the percentage of family income going to housing. That has declined for homeowners since the recession but has stayed high for apartment owners.  The percentage of course depends on two factors:  household incomes and the cost of the housing. Overall we believe this supports our housing agenda. It suggests we are not building enough of the housing product (multi-family such as apartments) that young professionals are looking for.  That keeps apartment rents too high for many younger people. That in turn limits our ability to grow the workforce.   
  3. Finally, slide  27 nicely captures our transportation and economic challenge.  (This compares the middle section of the South Shore). We have 1/3 more residents commuting out of the area for jobs than workers coming in from other regions.  This reinforces information from our Original 2030 study that the entire South Shore has more people leaving the area for jobs than coming in for jobs.   And most of our traffic heads North to or through Boston.  While we continue to work on the Boston commute for our residents the better solution to the transportation problem is creating more jobs in the region so residents have better employment choices than driving to Boston.  

download presentation here
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NEREJ's Ones to Watch 2019

6/3/2019

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Courtney Bjorgaard
Housing Initiative Lead, South Shore Chamber of Commerce​

Year you entered your current field? 2016
What do you consider to be your greatest professional accomplishment in the past 12 months? My greatest professional accomplishment in the past 12 months has been taking the South Shore Chamber’s 2030 Housing report and putting it into an action plan. It’s easy to talk about what needs to be done. It’s tougher to come up with the plan to implement some of these bigger changes to help businesses and communities plan for the economic future of the region. Check out our work here: www.southshore2030.com. 
Who or what do you attribute to your success? Nobody can do it all on their own. You have to find people you can trust, to lean on and to go to for input and advice. We have a lot of fantastic professionals across the South Shore that I’ve been fortunate to collaborate with to make things happen. Following through, showing up, asking questions, being open to new ideas, working as a team, looking at issues from all perspectives to try and work toward a solution. 
What advice can you offer to someone who is interested in a career in your industry? It’s all about relationships. Treat people with respect, be prepared and be thoughtful in the delivery of your message. 
Who are some leaders that you admire and why? ?I’ve had the opportunity to meet a lot of fantastic business leaders throughout the South Shore over these past few years – many that care deeply about their communities. I’m not from this area, but it feels like I’ve been here forever. That says something about the people in our communities and the people who are involved in the Chamber and our work. They are thoughtful, open-minded, flexible and passionate about their business and they want to see people succeed. 


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South Shore Economic Boom Expected To Last Through 2019

1/11/2019

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The rumbling, beeping, jackhammering of construction in Quincy and other South Shore communities is annoying to some people. But town and city leaders say it’s music to their ears and a sign of economic health for 2019 and beyond.
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It means more houses, apartments and condos are being built. And housing, they say, will eventually bring new industry, more small businesses and jobs.
“We’ve got good momentum going in Quincy Center and we want to use that on other parts of the city,” Quincy Mayor Thomas Koch said.

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Norwell Selectmen Discuss Development Options For Accord Park Drive, Queen Anne’s Plaza

1/10/2019

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Norwell selectmen are looking to have the Economic Development Committee look into a Chapter 43D designation for 98 Accord Park Drive based on the recommendations given by the Metropolitan Area Planning Council and have it voted on at the annual May Town Meeting.

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Representatives from MAPC are working with town officials to better utilize Norwell’s commercial properties and to help reduce the tax burden for homeowners.

MAPC’s recommendations are to have the Accord Park Drive properties listed in Norwell’s Economic Growth Plan as strictly commercial properties and to have Queen Anne’s Plaza grow into a mix of residential and commercial properties.
Selectmen are looking to have possible Chapter 43D zoning changes for Accord Park on the annual Town Meeting Warrant in May.

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Housing At A Shopping Mall? It’s Becoming More Common In Mass.

1/8/2019

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HANOVER — In the woodsy back corner of the 77-acre Hanover Mall, the new owners of the long-struggling shopping center see an opportunity to change its fortunes.

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It’s not the movie theater that sits there now, or another big box store. No, it’s housing — four buildings with nearly 300 apartments that PREP Property Group, an Ohio-based company that bought the mall in 2016, wants to build.
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If it wins town approval, PREP would sell the land to a housing developer and use the proceeds to blow up the half-century-old indoor mall and turn it into an outdoor-oriented “lifestyle center,” like many of its newer competitors, with hundreds of customers in those apartments, just steps away.
“When I heard about their plans, it was like a revelation,” said Ed Callahan, who has managed the Hanover Mall through years of foreclosure, bank ownership, and slumping sales. “We really lucked out with a new owner that saw this place as an opportunity.”

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As More Grads Head To College, Companies Face Shortage Of Skilled Workers

6/5/2018

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PEMBROKE – This weekend, thousands of South Shore high school seniors will toss their mortarboards in the air and go home with freshly minted diplomas, eager to chart their own paths.
David Kingsley would love it if even just a few of them would come work for him.
But Kingsley, the co-owner of a Pembroke waterproofing company, knows that the majority of this spring’s graduates will head off to four-year colleges in the fall, and many of those who don’t will likely be hired by other companies desperate for skilled, and even unskilled, workers as the region’s unemployment rate hovers below 3 percent.
That’s because his is among the countless companies statewide now scrambling to find employees amid a skills shortage that has prompted tens of millions of dollars in state spending and has some calling on high schools to encourage students to consider vocational training and trade work as an alternative to four-year college degrees that are increasingly accompanied by crippling student debt.
“We want to grow the company,” said Kingsley, who co-owns Watchman Waterproofing and has about 17 employees. “We want to expand, but we can’t because we just don’t have the help.”

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Senator Ed Markey meets with South Shore Chamber of Commerce leaders; addresses regional economic development at June 2nd luncheon

6/12/2017

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Economic development and the need to attract and retain young business leaders and innovators to the South Shore and Commonwealth in general were on the table for discussion during a recent luncheon with U.S. Senator Ed Markey (D) hosted by The South Shore Chamber of Commerce.

Meeting with an audience of 60 Chamber leaders at Alba in Quincy, the senator spoke to the importance of job creation and economic growth during the June 2nd luncheon.

Sen. Markey, a long-time advocate for increased corporate responsibility called for investing in small business to spur innovation and competition.
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Braintree Mayor Joseph Sullivan, Quincy Mayor Thomas Koch and Weymouth Mayor Robert Hedlund attended the event, during which Sen. Markey took questions from the audience.

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South Shore Chamber Lays Out Plan For Economic Growth

1/28/2016

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Atlanta analyst J Mac Holladay says the South Shore has “so many assets,” but challenges as well. He outlined the Chamber’s new “Choosing Our Future” report at a Thursday luncheon.

But Holladay – a former economic development director for three Southern states – said the South Shore’s economy could stall, and the area become less attractive to families and professionals, if the chamber and local towns and cities don’t work together to take advantage of what he called a “once in a generation opportunity” to get in gear with a rapidly changing economy.

And he said the heart of that opportunity will come from cultivating more South Shore business, and giving young families and professionals reasons to live and work here.

“That’s the keys to the kingdom,” Holladay said.

His comments followed a luncheon presentation of a new Market Street report, “South Shore 2030: Choosing Our Future,” which examines the area’s long-term challenges as well as its prospects.

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South Shore Economic Development Corporation
1050 Hingham Street, Rockland MA 02370
Phone: 781.421.3900 | info@southshorechamber.org | sitemap
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