South Shore Chamber of Commerce

  • Member Directory
  • Events & News
    • Chamber Calendar
    • State of the South Shore 2024 Update
    • Women in Local Leadership Recordings
    • Event Photos
    • Member Events
    • Submit News
    • Chamber & Member News
    • The Chamber Blog
    • Member Offers
  • Membership
    • Membership Investment Levels
    • Member Login
    • 2025 Sponsorship Opportunities
    • WATD On Air Recordings
    • Groups with a Mission >
      • Eat South Shore
      • Government Affairs
      • Human Resources Group
      • Leadership South Shore
      • NPO (Nonprofit) Group
    • Navigating the Chamber
    • Business Assistance
  • Our Region
    • Our Region
    • Live Here
    • Work Here
    • Affiliates
    • South Shore 2030
  • About Us
    • About Us
    • Our Team
    • Board of Directors
    • Partnership Circle
    • Office Space
    • Sign up for our newsletter
    • Contact Us
    • Sister Sites >
      • EAT South Shore
      • Hello! South Shore
      • South Shore 2030
  • Job Board
  • Member Directory
  • Events & News
    • Chamber Calendar
    • State of the South Shore 2024 Update
    • Women in Local Leadership Recordings
    • Event Photos
    • Member Events
    • Submit News
    • Chamber & Member News
    • The Chamber Blog
    • Member Offers
  • Membership
    • Membership Investment Levels
    • Member Login
    • 2025 Sponsorship Opportunities
    • WATD On Air Recordings
    • Groups with a Mission >
      • Eat South Shore
      • Government Affairs
      • Human Resources Group
      • Leadership South Shore
      • NPO (Nonprofit) Group
    • Navigating the Chamber
    • Business Assistance
  • Our Region
    • Our Region
    • Live Here
    • Work Here
    • Affiliates
    • South Shore 2030
  • About Us
    • About Us
    • Our Team
    • Board of Directors
    • Partnership Circle
    • Office Space
    • Sign up for our newsletter
    • Contact Us
    • Sister Sites >
      • EAT South Shore
      • Hello! South Shore
      • South Shore 2030
  • Job Board

The Chamber Blog

Economic Forecast Presentation

1/31/2020

1 Comment

 
Dr. Mark Melnick of the Donahue Institute giving the Chamber an economic overview
Dr. Mark Melnick of The Donahue Institute spoke at our 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:

  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 the entire presentation here
1 Comment
tauranga link
6/12/2024 03:00:12 am

While a smaller portion of our workforce is employed in several important businesses that are expanding and offer better salaries, some of our biggest job sectors are in contracting industries that are experiencing job losses.

Reply



Leave a Reply.

    Archives

    May 2025
    April 2025
    March 2025
    January 2025
    December 2024
    October 2024
    September 2024
    July 2024
    June 2024
    May 2024
    March 2024
    February 2024
    December 2023
    November 2023
    October 2023
    July 2023
    March 2023
    February 2023
    January 2023
    December 2022
    September 2022
    August 2022
    July 2022
    May 2022
    March 2022
    February 2022
    December 2021
    November 2021
    October 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    September 2019
    August 2019
    July 2019
    June 2019
    March 2019
    February 2019
    January 2019
    November 2018
    October 2018

    Categories

    All
    :40 With Forman
    Advocacy
    Best Of The South Shore Awards
    BOSS Bash
    Brand Builders
    Business Assistance
    Chamber Board
    Chamber Partners
    Chamber Update
    Chamberversary
    COVID19 Update
    EAT South Shore
    Events
    Featured In The Press
    Guest Blog
    Hello South Shore
    Holiday Gift Guide
    Housing
    HR Updates
    ICYMI
    Influencers
    Leadership
    Leadership South Shore
    Manufacturing
    Marketing
    Meet Our...
    Meet Our Members
    Members Only
    Mission Partner
    Non Profits
    Our Members
    Partner Appreciation
    Partnership Circle
    South Shore 2030
    South Shore Economic Development
    SSCC Education Foundation
    Stakeholders
    Transportation
    Virtual Events
    Water & Wastewater
    WiLL
    Women In Business

    RSS Feed

Upcoming Events

 South Shore Chamber of Commerce.  All Rights Reserved.
1050 Hingham Street, Rockland MA 02370
Phone: 781.421.3900 | [email protected]  |  sitemap

Photo Disclaimer: Photos found on website may be subject to copyright. Housing photos provided by development teams for use; other photos taken by staff, unless noted. Main header image by Hawk Visuals.
Picture