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Trump could reshape the economy. These Massachusetts business owners are betting on it. – The Boston Globe

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Trump could reshape the economy. These Massachusetts business owners are betting on it. – The Boston Globe


And now, even with the stock market rattled by Trump’s tariff policies and recession fears rising, Johnson remains bullish.

“There might be a rocky road a little bit as the economy resets,” said Johnson. “It’s kind of like when a company files for a reorganization after bankruptcy. … It’s tough times going through that reorganization, but they come out of it a lot stronger.”

Trump’s sledgehammer approach to the economy may be unnerving to stock investors and economists, and in Massachusetts, his push to slash federal funding to universities and hospitals could jeopardize jobs, research, and health care access. But even amid the uncertainty, not everyone is bracing for bad times. Some local CEOs and business owners believe the president’s efforts to restructure the economy and rein in government spending will pay off in the long run.

“I would say pretty universally the sentiment is that businesses are going to be better under the Trump administration,” said Robert Hale, CEO of Granite Telecommunications in Quincy, a self-described fiscally moderate Democrat who was a big supporter of former governor Charlie Baker.

Robert Hale, CEO of Granite Telecommunications in Quincy, believes that “pretty universally the sentiment is that businesses are going to be better under the Trump administration.”Carlin Stiehl for The Boston Globe

Hale doesn’t agree with all of what Trump is doing, and while the Biden administration did not hurt his business, it didn’t help either. “The Trump administration’s sentiment is pro business, which, as a business person, the wind at your back instead of in your face, is a lot different,” he said.

Other business owners have felt left behind by some of Biden’s signature initiatives, such as the Inflation Reduction Act, which injected hundreds of billions of dollars into emerging industries like clean energy.

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“Universities, institutions, environmental groups were getting large amounts of funding, and that’s really not how an economy grows,” said Bruce J. Mittman, CEO of Needham advertising agency Mittcom who also owns 34 radio stations across the country. “Government is there to support us and help us grow and keep the marketplaces safe and fair, and borrowing accessible to all, but it’s not there to determine winners and losers, and I think the last administration did that, to their detriment.”

During Trump’s first term, many business leaders and groups clearly distanced themselves on issues ranging from his travel ban of Muslim immigrants to his failure to condemn the Jan. 6 attack on the US Capitol. But in his second term, even as Trump has ratcheted up deportation efforts and anti-diversity rhetoric, executives from Silicon Valley to Wall Street have fallen in line, attending his inauguration and rolling back corporate diversity programs.

Still, Trump remains a polarizing figure, especially in Massachusetts where even supportive business owners often stay quiet because they fear blowback, said Paul Craney, executive director of the Massachusetts Fiscal Alliance. He thinks some business owners who backed the Biden-Harris ticket in 2020 switched to Trump in 2024.

“The Biden that was on the campaign stage against Trump four years ago — his first time where he wanted to kind of unify the country — was not the Biden people saw in the White House,” observed Craney. “I know a lot of business owners who just felt they were just basically making it the last four years. It was tough. … They didn’t feel like people in power cared about what they were trying to do.”

But one thing that has been tough to swallow is Trump’s escalating tariff war against Canada, Mexico, China, and other countries. While business owners laud Trump’s goal to bring more manufacturing back to the US, it’s difficult to plan when his strategy keeps evolving.

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Bill Johnson (center) runs a group of auto repair and towing businesses with sons Dave (left) and Robert (right). Betting that business would improve under Trump, as it had during his first term, Bill Johnson ordered two new tow trucks, for $170,000 apiece.David L. Ryan/Globe Staff

“If there are tariffs, we will learn to live with them — again, short-term pain through that restructuring, while businesses adapt and people adapt,” said Rod Egger, who lives in Wellesley and serves as CEO of Bariatrix Nutrition, a high-protein food manufacturer with factories in Vermont, Canada, and France. “The worst thing would be to start down a path and then reverse course in six months or 12 months.”

For now, Egger is making minor adjustments but holding off on big moves. He’s bringing about 30 jobs back to the US, shifting from his Montreal factory to Vermont. That’s because much of Bariatrix’s source material is made in the US, and manufacturing in Canada has become more expensive amid the tariff fight.

“If his tariff strategy is well communicated, and well thought out, it could be very effective for reshoring manufacturing to the US,” added Egger.

Then there are business owners like Quincy construction firm owner Jay Cashman, who think it’s way too early to say if Trump’s policies will strengthen the economy.

Cashman, who voted for Trump, said so far he likes the idea of bringing in billionaire businessman Elon Musk to disrupt government and make it more efficient. “I think the world of Elon Musk,” said Cashman. “It’s a different perspective.”

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But on other matters, Cashman said he’s taking a “wait and see” approach, though he’s not too worried.

“I’m pragmatic,” he added. “America is resilient. It can take almost anything. … I think this could be OK.”


Shirley Leung is a Business columnist. She can be reached at shirley.leung@globe.com.





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Massachusetts

‘That comes with a price tag’: How snow removal is busting town budgets – The Boston Globe

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‘That comes with a price tag’: How snow removal is busting town budgets – The Boston Globe


“The way we experience climate change is through extremes,” said Shel Winkley, a meteorologist at Climate Central. “All of that comes with a price tag.”

Across the region, officials are trying to figure out how to pay that price. The Massachusetts Department of Transportation has already spent more than $185 million on snow and ice removal this winter — about $20 million beyond what was spent during the “Snowmageddon” winter of 2015. State officials are weighing whether to seek aid from the Trump administration.

Providence has had to cap spending for the rest of the fiscal year after record-setting snowfall. In Boston, where officials have trimmed the snow removal budget, the city was on track to spend nearly double what it had set aside for winter cleanup — even before the February blizzard hit. Cambridge has spent $6 million, more than 10 times the placeholder amount it budgeted for winter cleanup.

“This is an additional pressure point on an already pressurized budget situation,” said Adam Chapdelaine, executive director of the Massachusetts Municipal Association. “In some communities, it’s likely going to force some hard decisions.”

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In Edgartown, officials want to tap into budget reserves to make up the cost, a step that requires voter approval. If voters don’t support that move, it could mean raising taxes, said James Hagerty, the town administrator.

A boardwalk at the Seaport District in Boston still has some salt and ice melt deposits on the wooden boards along with some snow, on Mar. 2.David L. Ryan/ Globe Staff

Local officials said federal funding would help, but they’re not counting on it. Some worried that partisan disparities in which states have received disaster funding under the Trump administration would put Massachusetts at a disadvantage.

“We are hopeful that the state and federal government might step in to assist, but it’s just waiting at this point,” said Gregory Berman, Chatham’s director of natural resources.

The skyrocketing costs are yet another reminder that winters here don’t feel the same. New England is largely trending toward shorter and milder winters. Massachusetts has lost about 30 days of snow cover each year over the last few decades.

However, experts say the relationship between climate change and total annual snowfall is more complicated. Think of it as two competing forces. On one hand, global warming increases the amount of moisture in the atmosphere; when conditions are cold enough, this added moisture can fuel heavier snowstorms. On the other hand, rising temperatures mean that winter precipitation falls more frequently as rain than snow.

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The data reflect this mixed picture. An analysis of historic snowfall totals by Climate Central, a nonprofit that conducts climate change research, found that annual snowfall has actually increased over the past 50 years in Boston and parts of coastal Massachusetts, while inland areas have seen declines.

Looking ahead, researchers project that the most intense storms may become even heavier, producing more snow than blizzards past. This shift may already be underway. In the past 40 years, Boston has recorded 10 snowstorms that produced at least 20 inches of snow. In the eight decades prior to that, there were just three.

These massive storms can trigger extra expenses, as municipalities have to pay for equipment rentals, contractors, and overtime for cleanup around the clock.

Julie Wormser, chief climate officer in Cambridge, said that total snowfall data surprised her.

“Based on how quickly the ocean is heating up off New England, my bet is that the next 50 years of data will reverse that snowfall trend,” she said.

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Cities and towns in Western Massachusetts, Cape Cod, and the North Shore were hit especially hard. This winter, they received more than two feet of snow above their average.

Snowfall totals were higher compared to the seasonal average across Massachusetts from Dec. 1 to March 15.Iowa Environmental Mesonet (IEM)

On Cape Cod, Sandwich officials overspent their snow budget by $250,000, driven largely by the February blizzard. Town Manager George “Bud” Dunham said a day of minor plowing and treating roads can cost about $10,000, but major storms push that figure past $50,000. The town is still cleaning up downed brush and tree limbs.

If not for the storm, Dunham said, the town might have invested in new snow equipment or set aside funds for retired employees’ health insurance costs.

Mattapoisett, a coastal community on Buzzards Bay, also blew through its budget, spending nearly triple what officials had set aside. Still, Michael Lorenco, the administrator, said the town should be able to absorb the hit within its $37 million budget without raising taxes.

“I’m not a scientist, but towns near the coast seem to be getting more snow than they normally would in the past,” Lorenco said.

That doesn’t change the city’s responsibilities.

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“Climate change or not,” he added, “we have to clean up the roads.”

Ken Mahan of the Globe staff contributed reporting.


Kate Selig can be reached at kate.selig@globe.com. Follow her on X @kate_selig.





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Massachusetts bakery that made signature pizza trays for more than 100 years closes for good

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Massachusetts bakery that made signature pizza trays for more than 100 years closes for good



A Framingham institution that has been in business for more than a century closed its doors for the final time on Sunday.

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Framingham Baking Company, known for its signature pizza trays, has officially shut down permanently. Crowds have been lining up around the block in the shop’s final days, with Sunday serving as their last day in business.

“That’s a wrap! Special thanks to all of our loyal customers! It was a great run. We love you!” Framingham Baking Company posted on Facebook Sunday after selling its final slices of pizza.

Founded in 1917, the bakery on Waverly Street became known for the square pizza slices.

The third-generation owners say they couldn’t find anyone to take over the business.

“We’re closing today after 109 years in business,” owner Joan Thomas said. “My grandparents, my parents, and my siblings – three generations have run this bakery.”

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Customers explained why they were willing to wait in long lines to get their hands on some treats one more time.

“So many years of eating this pizza, and the bread, and the cookies. You had to be there for the end,” one woman said.

“My grandfather was a delivery guy for a long time. My first job was riding around with him in the van delivering to all the local restaurants. It’s tough to see it close, but it’s had an amazing run. Here for my last delivery. Bring some pizza home to my family,” another man added.

One customer waiting in line said it wasn’t just pizza the Framingham Baking Company provided, it was memories.

“Brought it to the cousins’ every birthday party, every gathering. Any time there was family there was pizza,” he said. 

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Massachusetts’ middle-class income range is highest in US., topping out at over $200K

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Massachusetts’ middle-class income range is highest in US., topping out at over 0K


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Your household can earn more than $200,000 a year and still be considered part of the “middle class” in Massachusetts, according to a recent study by SmartAsset.

Massachusetts ranks as the top state with the highest income range for households to be considered middle class, based on SmartAsset’s analysis using 2024 income data from the U.S. Census Bureau. The Pew Research Center defines the middle class as households earning roughly two-thirds to twice the national median household income.

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According to a 2022 Gallup survey, about half of U.S. adults consider themselves middle class, with 38% identifying as “middle class” and 14% as “upper-middle class.” Higher-income Americans and college graduates were most likely to identify with the “middle class” or “upper-middle class,” while lower-income Americans and those without a college education generally identified as “working class” or “lower class.”

Here’s how much money your household would need to bring in annually to be considered middle class in Massachusetts.

How much money would you need to make to be considered middle class in MA?

In Massachusetts, households would need to earn between $69,900 and $209,656 annually to be considered middle class, according to SmartAsset. The Bay State has the highest income range in the country for middle-class households. The state’s median household income is $104,828.

In Boston, the range is slightly lower. Households need to earn between $65,194 and $195,582 annually to qualify as middle class, giving the city the 19th-highest income range among the 100 largest U.S. cities. Boston’s median household income is $97,791.

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How do other New England states compare?

Massachusetts has the highest income range for middle-class households in New England. Here’s what households would have to earn in neighboring states:

  1. Massachusetts (#1 nationally) – $69,885 to $209,656 annually; median household income of $104,828
  2. New Hampshire (#6 nationally) – $66,521 to $199,564 annually; median household income of $99,782
  3. Connecticut (#10 nationally) – $64,033 to $192,098 annually; median household income of $96,049
  4. Rhode Island (#17 nationally) – $55,669 to $167,008 annually; median household income of $83,504
  5. Vermont (#19 nationally) – $55,153 to $165,460 annually; median household income of $82,730
  6. Maine (#30 nationally) – $50,961 to $152,884 annually; median household income of $76,442

Which state has the lowest middle-class income range?

Mississippi ranks last for the income range needed to be considered middle class, according to SmartAsset. Households there would need to earn between $39,418 and $118,254 annually. The state’s median household income is $59,127.



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