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Boston Business Journal

Business
$300 More Per Worker: MA Increasing Employer Contributions To Unemployment Fund $300 More Per Worker: MA Increasing Employer Contributions To Unemployment Fund
$300 More Per Worker: MA Increasing Employer Contributions To Unemployment Fund Massachusetts employees are going to cost business owners another $300 each come April. In an effort to restore the state’s Unemployment Insurance Trust Fund amid COVID-19’s drain on the economy, a tax increase of about $300 per employee is set to start in April, according to the Boston Business Journal. The trust fund is facing a multibillion-dollar deficit due to a wave of unemployment brought on by the pandemic. Money is also dwindling because contributions were decreased during the Great Recession of 2008 to help small businesses stay afloat. The new assessment - which will cost employ…

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by Kristin Palpini
Business
Pot City: Western Mass Community Has More Marijuana Licenses Than Anywhere Else In State Pot City: Western Mass Community Has More Marijuana Licenses Than Anywhere Else In State
Pot City: Western Mass Community Has More Marijuana Licenses Than Anywhere Else In State City efforts to court the burgeoning marijuana industry appear to have worked for Holyoke; the city has more marijuana establishment licenses than anywhere else in the state. Holyoke has completed 40 weed business applications, according to a Boston Business Journal analysis. A total of 841 marijuana business license applications have been submitted to the Cannabis Control Commission from 2016, when marijuana became legal in Massachusetts, through July 9. The first cannabis retailer in Massachusetts opened in November 2018. Not all of the marijuana industry businesses with applications from…

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by Kristin Palpini
Business
Ex-Employees Accuse People's United Bank Of Discrimination Ex-Employees Accuse People's United Bank Of Discrimination
Ex-Employees Accuse People's United Bank Of Discrimination Former managers at Bridgeport-based People’s United Bank are alleging racist and other discriminatory behavior at the firm. The Boston Business Journal is reporting that a senior Boston executive allegedly used racial epithets including “hood girl,” “ghetto,” and “terrorist.” People’s United Bank denies the allegations, the BBJ reported. This is not the first time People’s United has been accused of discrimination - though past charges haven’t exactly stuck.  The bank faced challenges from employees in 2010 (employee claim denied) and 2017 (employee claim partially denied, partially …

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by Kristin Palpini