While Massachusetts has competitive economic incentives that are now augmented thanks to the Mass Leads Act, it is known as a higher cost state. Housing costs are a concern as the state seeks to attract and retain its strong workforce. Massachusetts has ambitious plans to meet the challenge. In February 2024, Governor Healey unveiled the state’s first comprehensive housing plan, which calls for the creation of 220,000 new units of housing by 2035. Funding programs are already operating that will create 80,000 of these units, with new proposals in development to meet the higher goal. As Massachusetts seeks to lower housing costs, its economic developers herald the state’s considerable competitive advantages. “While we are not a lowcost state, we offer very high value,” MassEcon’s Abair emphasizes. “For our residents, we have the best performing public schools, outstanding health care that isn’t restricted by the government, and ample employment opportunities in traditional and emerging industries. We offer safety, with the lowest property crime rate, second-lowest overall crime rate, and second-lowest level of gun violence in the nation. Our communities don’t have gates. They are vibrant, walkable, and safe. For employers, we offer compelling incentives and a collaborative approach to assist you. When you talk to one of us, you will have a whole team working to help you grow in Massachusetts.” 24 CIVIL AND MUNICIPAL VOLUME 06, ISSUE 04
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