Massachusetts State Senate Looking at a State-Owned Bank

State Senate plan would cut agencies, boost economic development
By Jim O’Sullivan/State House News Service
State House News Service
Posted Feb 08, 2010 @ 09:45 AM

Senate leadership today will propose a drastic reduction in the number of agencies under the state’s far-reaching economic development bureaucracy, empowering the governor’s economic development chief with enhanced oversight of several quasi-public agencies and opening the door to a state-owned bank. Read more.

Beacon Hill bids to boost business
Leaders offer plan for creating jobs; Loans, tax credits sought for firms

By Andrea Estes and Michael Levenson
Globe Staff / February 8, 2010

Governor Deval Patrick and Senate President Therese Murray plan to propose this week several ways to improve the Bay State’s business climate, saying they need to be more aggressive in steering the region out of its economic malaise. …To make it easier for businesses to navigate the state bureaucracy, the Senate bill would create regional one-stop centers for business information. The plan will also require that incoming governors file an economic development plan, setting forth performance goals, and form a commission to study the possibility of creating a state-owned bank. Read more.

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