Once again, the Greek debt crisis is causing stock markets around the world to tumble and raising questions about the long-term future and stability of the euro currency and the European Union. Could Greece’s woes wash up on the shores of Massachusetts and stall the state’s thriving economy, which has seen unemployment drop to the lowest levels since 2007?
A town hall discussion was held on June 2 in Billerica about EDSAT (Economic Development Self-Assessment Tool) developed by Barry Bluestone of Northeastern University’s Dukakis Center for Urban and Regional Policy to see how well cities and towns compete with other communities on issues related to economic development.
The Massachusetts economy has brushed aside the record snowfall that hobbled businesses earlier this year to post impressive gains in employment, wages, and consumer spending, outpacing the nation as a whole. And the state’s economic growth is expected to accelerate, according to a report by the New England Economic Partnership, a nonprofit group of regional economic researchers.
During the winter of 2014, at roughly the same time, two projects laying claim to the future were unveiled in Buffalo, New York. One was Buffalo State College’s proposal to offer the world’s first PhD program in Creativity Studies. The other was a state plan to build facilities for two “green” manufacturers of LED lights and solar panels on the former site of Republic Steel.