June 29, 2025 • 58 mins
On today’s program, we talk with Martha Sheridan, President of Meet Boston, about the summer tourist season ahead. Jess Aloe, digital editor for the Boston Business Journal, brings us up to speed on the top business stories of the week. Tim Murray, former lieutenant governor of the Commonwealth and current president of the Worcester Regional Chamber of Commerce talks about the need for vocational technical high schools. Mike Bower, chief operating officer for Up Education, explains how they’re working with middle school students in Boston to train them for the future. And finally, Don Seiffert managing editor of the Boston Business Journal looks at the latest streaming television ratings.
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Episode Transcript
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Speaker 1 (00:00):
This is the New England Business Report with Joe short
Sleeve and Kim Carrigan, a weekly round up and discussion
of the top business news impacting our New England economy.
Speaker 2 (00:09):
Good morning, everybody, and welcome to the New England Business Report.
I'm Kim Kerrigan along with Joe short Sleep. Hello Joe.
Speaker 3 (00:16):
Oh, good morning to you, Kim. We are staring down
the fourth of July. At this point, winter won't be
far away.
Speaker 4 (00:22):
Joe.
Speaker 3 (00:24):
Sorry, I brought up real loud to me.
Speaker 2 (00:30):
I got to tell you this last week. He would
have never known that winter would ever come back right
after that hot weather.
Speaker 5 (00:35):
Yeah.
Speaker 3 (00:35):
Wow, so that was memorable.
Speaker 2 (00:38):
Yeah, I'm a freak. I sort of like that stuff.
Speaker 3 (00:41):
So you know you are. Okay. I'm sorry Kim that
you are, because I mean the complaint. The interesting thing
is local television news and the covering of it last week.
Everybody complaining, complaining and complaining.
Speaker 2 (00:51):
Oh god, everybody's forgotten all the complaining we did about
all those saturdays that were wet. Hey, you know you
did just say this. This is twenty ninth of June
and we are staring down this week, and I did
a little checking. Triple A says that seventy two point
two million Americans are expected to travel at least fifty
miles away from their home, which is up almost seven
million more than twenty and nineteen. So, Joe, I'm staying home,
(01:14):
and I know you're at your home on the Cape,
so we are not included in those numbers this time.
Speaker 3 (01:18):
Yeah, I don't venture out very far because when you do,
you are hit with the crowds on Cape Cod. I
will tell you it is a busy place these days, you bet.
Speaker 2 (01:25):
All right, let's take a look at what's happening in
the show today. We're going to start with a conversation
with the president of Meet Boston, Martha Sheridan. This holiday
week truly kicks off the summer season, which means a
lot from the bottom line for a lot of businesses
in the area. Martha will tell us all about some
of the upcoming summer events that are planned and the
(01:47):
anticipated impact that those summer events are going to have
on the local economy.
Speaker 3 (01:52):
Now they look at her calendar, Kim, her calendar is
it's unbelievable. I mean, you got the Harbor fast, you
got these two hundred and fiftieth celebrates going on. I
mean she is a busy lady.
Speaker 2 (02:03):
She is, and there's some really big events that are coming,
which is really terrific. I'm anxious to talk to her
about international visitors and how all of that's going. It
looks like things are going well, so that is a
positive story. We're also going to take a look at,
of course, some of the past headlines this week, including
a follow up on a story that we brought everybody
(02:23):
Joe earlier this spring, mass General Brigham. They are building
three apartment buildings over on the Vineyard to house their employees. Well,
they have now got most of those open, and we're
going to check in on how the progress is going
and how people are appreciating that.
Speaker 3 (02:42):
Yeah, we have a new voice this morning from the BBJ,
the Boston Business Jared on the Jess Allo and she
is their digital editor, which I think, you know, that's
a pretty good title these days.
Speaker 2 (02:50):
Absolutely, so we're looking forward to chatting with her, Joe.
What else is coming up in the second half.
Speaker 3 (02:55):
Well, let's see, we got the former Lieutenant Governor of
the Commonwealth. That would be one Tim Murray. He of
course versus now the executive director of the Worcester Regional
Chamber of Commerce. And the thing that's interesting about this
particular story is here he is, you know, a Democrat
who held you know, one of the higher offices in
the state for many years with the daval Patrick administration,
(03:16):
and now he's had odds with Governor Healey, you know,
and he's calling out a Democratic governor on an issue
that has to do with vocational technical high schools and
how students are enrolled. I guess Healey wants to have
a lottery system, and anyway, Tim Murray's dead set against
Itney's speaking out. So it's interesting, and we're going to
follow that up with a conversation about up Academy. Now
(03:37):
up Academy is in two Dorchester elementary and middle schools.
We're to talk to the gentleman by the name of
Mike Bauer who's with them, and what they're doing is
they're having elementary and middle school students and they're sort
of training them or exposing them to the job market
of the future. So anyway, talking a lot about education
in jobs in this next half hour. And then finally, Kim,
(04:00):
this was a headline that I thought was fascinating. Have
of course, you and I have been television for a long,
long time, and I don't know if we ever thought
we'd see the day we're streaming had a bigger bite
of the pie than traditional cable and traditional television. And
it's finally happened, and it happened in the month of May.
And you know who kicked it over? Who kicked it over?
(04:21):
It's well, I'm not going to put you in this group, Kim,
but the folks over sixty, all of a sudden we
learned how to stream. We figured it out, and you
know now you can watch.
Speaker 2 (04:32):
That anytime you pick.
Speaker 3 (04:34):
You're kidding me, Yeah, imagine that. So we're going to
be dogging with don Ceipert of the BBJ about the
new TV ratings and how that's interlinking. But if you
read deep into this report that was done by the Nelson,
the Nielsen Rating service, it says, Okay, this is going
to be temporary because in the fall, when football comes back.
Speaker 2 (04:55):
Everybody's also helping the streaming world, which is really interesting.
Speaker 4 (04:58):
Right.
Speaker 2 (05:00):
Do you stream a lot at your house?
Speaker 4 (05:02):
Yeah?
Speaker 3 (05:02):
I guess I have started to. I guess I fell
into that category as much as I don't want to
admit it.
Speaker 2 (05:08):
But first, this morning, we want to welcome the president
and CEO of Meet Boston, Martha Sheridan too the program
and Martha, here we are the start of the fourth
of July week. Why don't you tell us and our
listeners how important it is this holiday week on the
tourism calendar.
Speaker 4 (05:24):
Well, you know, we love this week in Boston because
there's so much to do, so much activity, and clearly
a city like Boston and most major cities compete with
the resort and beach destinations during Fourth of July week,
So we have to make sure that we have enough
programming to entice people to come and stay in the city,
and we certainly do have that. We have Harborfest starting
(05:45):
on Tuesday of this week, on Wednesday, rather, you know,
we have the big Esplanade celebration on the fourth of July,
which always draws hundreds of thousands of people and just
a lot of ancillary events, a lot of smaller events
sprinkled around the city, so afecting a very successful week.
Speaker 3 (06:02):
Martha, what is Boston Harborfest? What should folks know about it?
Because we all know about fourth of July on the Espana,
But what is what is Harborfest?
Speaker 4 (06:11):
Sure, Harborfest is and event that's been taking place for many,
many years. It spreads from downtown all the way over
to the Harbor, and there are entertainment acts that they're
sprinkled around downtown that'll start on Wednesday. They focus on
safety on the water. There's the USS Constitution sail by
(06:35):
and there's another set of fireworks by the way associated
with Harborfest as well. That's that it's going to be
on the Harbor the third, and then you've got, of
course the Fourth of July fireworks. So lot's happening with
Harbor Fest.
Speaker 2 (06:49):
Well, we get through this week, Martha, and then the
summer just is sort of just starts running at us
and there's lots of great events going on. So let's
sort of recap some of the things that people can anticipate,
and then we want to talk to you about their impact.
Speaker 4 (07:03):
Sure, well, you know, the great thing about Boston in
the summer is really our schedule of concerts between Leader
Bank Pavilion, MGM Music Hall, Fenway Park concerts, and other venues,
we have a lot of live music coming to the city.
In fact, you know, just this weekend we have have
Bamfest coming in or has just happened Bamfest is such
(07:26):
a great, great cross cultural events that's going to that
took place at Franklin Park. We have jazz concerts sprinkled
throughout the city. We have music along the esplanauts, So
just a lot of really fun, smaller events really this
summer too that people can take advantage of.
Speaker 3 (07:45):
Martha, what do you how do you decide what to promote?
Because I know that's basically a big part of your job,
and how do you promote them? In other words, where
do we see the meat Boston grab?
Speaker 6 (07:55):
Well, we promote.
Speaker 4 (07:57):
We try and promote as much as we possibly can,
and we try Bryan bundle activities that are similar so
that we can appeal to different audiences because different people
want to do different things. So we might bundle culinary
activities and do a blog about that. We might bundle
outdoor films, which is a big deal. Fenway Park is
doing a movie series this year, so we just did
(08:19):
a very very popular blog on outdoor film. So we
really try and look at similarities between events and what
might appeal to a certain demographic. And the way we
promote is through our website Meet Boston dot com, a
very robust advertising program that We run ads across the
country about Boston, we do blogs, and we have a
very very aggressive social media program that really tries to
(08:43):
appeal to a broad audience. And it's important to note
a lot of our audience is locals, it's not just visitors.
So we love the fact that we can be a
resource for people that live in Boston and are looking
for great things to do in their own city.
Speaker 2 (08:56):
Yeah. Absolutely, Let's talk though about those visitors, and let's
start with the international traveler. You know, there's been some
uncertainty in the country our international travelers coming to Boston.
They are absolutely and we actually don't have numbers yet
(09:17):
for the last quarter, although we are seeing indications based
on what we've seen from Logan Airport information on flights
is that Boston's actually we're holding our own right now.
I don't think we're going to be immune to what's
happened geopolitically and the impact that's having on travel to
the United States in general.
Speaker 4 (09:38):
But I do think that we are very lucky to
have a great city that welcomes all. I think people
perceive it as that, and it does feel like our
international visitation is flat or just slightly down at this point.
Time will tell, but we're optimistic that we can continue
that pace.
Speaker 3 (09:56):
There was a great deal of worry Martha some time
ago as it relates to the Canadian visitor. Now, are
we seeing an easing there or we are we getting
a little forgiveness from the Canadians? Are they coming?
Speaker 4 (10:08):
We are seeing and easing? They an easing in visitation?
I think they're still coming. With the things indicate that
Canadians are absolutely still coming, but not in the numbers
that we had hoped or anticipated. Uh. That was supposed
to be a very high growth area for us, and
obviously I don't think we're going to see that this year.
Speaker 3 (10:29):
Yeah, so what do you do about that?
Speaker 4 (10:30):
We just hire a rep firm in Canada. Actually, we
actually have a great firm. They're based in Toronto and
they have an office in western Western Canada. They know
the market well and they know how to nuance our
efforts there so that we we speak appropriately to Canadians
who are still I think feeling the burn from you
(10:53):
know what the rhetoric had been over the last several months.
So we're going to continue to promote we want to
welcome Canadian visitors here, particularly as we get towards twenty
twenty six with a World Cup with our sale Boston event,
so we're going to be aggressive. We're going to continue
to promote appropriately in Canada. We had a great air
(11:16):
service there. We're welcoming some new flights to Western Canada,
so we want to make sure we do it appropriately.
Speaker 2 (11:22):
Let me change gears just a bit and ask you
about a conference that took place about two weeks ago,
and that's that Bio International conference. That's a big conference
bringing people from all over the world. Give us a
sense of how that went. I know that that means
a lot to the economy here locally, and was that
affected at all when it comes to attendance by some
(11:44):
of these geopolitical issues that you're talking about.
Speaker 4 (11:47):
That is one that was one positive, not but one
of many positive bright lights that we have seen in Boston.
They had twenty thousand attendees. They exceeded attendee goals. Forty
five percent of the attendees were from overseas, and the
biggest decline in overseas attendees was from Canada, but there
(12:09):
were there was a big Canadian delegation here nonetheless, and
it really just tells us that when there's a purpose,
when there's a reason people are going to travel. The
event went incredibly well. They used thirty five hotels across
Boston and Cambridge. They had a lot of settling going on,
but I believe that they had a terrific time here
(12:29):
in Boston. They planned two very large scale events, one
at the Museum of Fine Arts and one in the
Seaport that went off beautifully, so very positive experience and
a great event for all. And yes, it's very important
to our economy as it shined to light on our
bio sector here in Boston.
Speaker 2 (12:47):
And Martha, can you give us a sense of what
kind of money that brought to the city.
Speaker 4 (12:51):
I don't have the impact numbers on that, zeph but
you know, anytime you bring twenty thousand people and forty
five percent of them or from overseas, you know it'll
be in the It'll be in the tens of millions
of dollars, likely mid tens of millions of dollars.
Speaker 3 (13:04):
Yeah, Arthur Sheridon's our guest course president of Meet Boston.
You've mentioned it a couple of times, but maybe a
little more detail on Sale Boston twenty twenty six and
the World Cup twenty twenty six.
Speaker 4 (13:13):
Yes, we're gearing up. We're excited. We actually just hosted
a great meeting with all the consulate members from that
are in Boston yesterday, if you briefed them on these events.
We're expecting. As you know, we will host seven matches
for World Cup in late June early July of twenty
twenty six, those who take place at Julette, but a
(13:35):
lot of the activity will be centered in Boston, including
the fan fest, and then of course right on the
heels of that, literally the day after the quarterfinal match
at Gilette, we will welcome fifty massive it's actually seventy
five ships, but fifty of them are the larger sailing
vessels from across the world to Boston. It is going
to be absolutely spectacular. We had a briefing on which
(13:58):
ships are coming.
Speaker 7 (13:59):
We do have.
Speaker 4 (14:02):
Some of the best class A ships out there coming
to Boston and we are very very excited for that
event as well.
Speaker 3 (14:08):
Well.
Speaker 2 (14:09):
Martha, thank you very much for keeping us updated.
Speaker 4 (14:12):
Can I just make a quick correction that the fireworks
on Boston Harbor are in July second, not the third,
so make sure we get crowds out there. There will
be for the fireworks at nine point fifteen on Boston Harbor.
Speaker 2 (14:26):
Absolutely, there you go, Martha Sheridan, Thank you very much.
Still come in your way. Some of the business headlines
from the week that was. This is the New England
Business Report.
Speaker 1 (14:42):
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the Voice of Boston w RKO six 't eighty. Joe
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Speaker 2 (16:59):
Hi everybody, I'm Kim Kerrigan.
Speaker 3 (17:01):
And I'm Joe Shortsley. If you want to be part
of the New England Business Support, sponsorships are still available.
Speaker 2 (17:07):
You can email us at Any Business Radio at gmail
dot com.
Speaker 3 (17:12):
That's Any Business Radio all one word at gmail dot
com and we'll get your business on the show too.
And welcome back to the New England Business Report on
this Sunday morning. You know, every week on this program,
Kim and I look at the top five business stories
(17:34):
of the week. At the BBJ, they have the five
things you need to know today. Well, Kim and I, well,
we look at the five things you need to know
this week. We usually talk with Doug Banks, executive editor
of the BBJ, but today we're lucky to have with
us the digital editor of the Boston Business Journal. I
want to introduce her to our audience. She is Jess Allo. Jess,
welcome to the program. And what is the digital editor?
(17:57):
I mean, I suppose it's self explanatory, right, tell us
a little bit about your job.
Speaker 5 (18:01):
Well, thank you for having me. I manage daily digital
news content for the Boston Business Journal. Every story you
see online I don't edit all of them, but just
try to manage that flow and make sure we have
a really steady stream of good, interesting journalism coming onto
our website every day.
Speaker 3 (18:18):
There you go, and so you know a little bit
about everything, right, So I guess that's basically that's how
I feel sometimes, you know. Okay, So, Jess, let's start
with the because Kim and I had done this story
in the past, Mass General Brigham opening housing on Martha's
Vineyard to combat high cost over there. Folks for work
over there, but they can't afford to live there. But
(18:39):
now that's changing a little bit. Tell us exactly what's happening.
Speaker 5 (18:42):
Yes, So Mass General Brigham has a thirty million dollar
housing project in Martha's Vinyard on Eggertown, which it's opening
up this summer. It's going to they're going to have
people coming in to live there, I think by the end.
Speaker 11 (18:56):
Of the summer.
Speaker 2 (18:56):
Yeah, and this is going to house how many people, Jess.
Speaker 5 (18:59):
There are forty eight total units of housing, which has
about seventy six total bedrooms. But the idea is that
this will help more than just the people who can
actually live there. It'll be also the people who go
to Marketer's Vineyard Hospital and need medical care or in
the Navigator Home, which is their senior care and skilled
nursit home community because as we all know, markets Vineyard
(19:21):
is very expensive to live on, but people still need
medical care there.
Speaker 3 (19:25):
Sure, how are they deciding who gets these spots? I mean,
I mean I talk about gold on Martha's Vineyard. If
you have a fairly inexpensive place to live, how do
they decide that? And how does this all come about?
Speaker 5 (19:38):
So it's it'll be a lottery system and obviously, like
I said, it's only open to certain employees, but only
open to the employees, but it'll be a lottery system
that'll be run through the Duke's County Regional Housing Authority.
It'll it will be about thirty percent of their income.
That's that'll be the cap for how much employees can
spend for the rent.
Speaker 2 (20:00):
And they actually this is they own that property. I
mean this was very close to the hospital, correct.
Speaker 5 (20:06):
Yes it is. Yeah, it's been an egger challenge, very
close to the hospital, and it's been something that I've
been doing. You know, it's been like you said, it's
been the works for a while. And it's really because
they're having trouble recruiting and retaining employees can who can
live there? You know, it's a it's a big ask,
especially for people who are maybe nurses or aren't you know,
(20:27):
they're not they're not the high paid doctors, but the
highest station shoulders.
Speaker 3 (20:31):
What you read on this, is this a drop in
the bucket or is this going to make a big difference?
Speaker 5 (20:36):
Well, like I said, it's forty eight total units of housing,
seventy six total bedrooms. You know, that's not necessarily going
to completely revolutionize the housing system in Martha's Vineyard or
for market Vineyard Hospital, but it's going to make a
big It'll be a big drop, and I think it
also will signal the people that they're serious about, you know,
(20:59):
investing in this hospit and making sure it has people
they need.
Speaker 2 (21:03):
Yeah, it seems like a great idea to me, and
I hope that maybe if there's other businesses there on
the Vineyard that have that kind of property available to them,
they may consider the same kind of thing. Let's change
gears to another story that Joe and I were thinking about,
and this is the story that was written earlier this
week about the FDA investigating Surrepta. Now that is a
(21:23):
pharmaceutical group over in Cambridge. They have a drug that
treats people who have Dushanes and apparently two of their
of their patients have passed away and it looks like
it may be directly an effect of this drug. Talk
us through this.
Speaker 5 (21:43):
Yeah, so this is a gene therapy for Dushane muscular distrophe,
which is a very severe form of muscular district and
you know, almost universally failed by mid twenties, so it's
a very hard disease, very tough disease too. Of the patients,
they reported that they have self reported patient deaths, one
in March and one it just last week earlier this month,
(22:06):
and both of these were teenage boys. They were non ambulatory,
which means that they they couldn't walk anymore, they'd lost
the ability to walk, and they died of fatal of
acute liver failure. And the FDA says they believe that
this that the liver failure was directly related to the
gene treatment that they received from Sereptive Therapeutics.
Speaker 3 (22:28):
And as you said, SPA self reported this. So what
happens now, right, So.
Speaker 5 (22:34):
Even before the FDA, you know, said they were going
to going to investigate it. Sirepta had said that they
were going to pause dosages for non ambulatory patients. These
are the patients who can't walk. By said, it's the
more severe patients. And they're going to pause a clinical trial,
which is a required trial while they work with a
(22:54):
panel of experts to figure out how to mitigate the risks.
And they believe that andres and drug added to the
treatment can help mitigate this risk. And I think that
once they are able to kind of look at the data,
they'll be able to kind of resume with that extra
succession drug.
Speaker 2 (23:13):
You know, just when these companies, these pharmaceutical companies have
these kinds of setbacks that can really be dramatic for
those companies. Has has there been any talk of fallout
as a result.
Speaker 5 (23:26):
Well, I mean, if you just have to look at
the stock price, uh Serepta's stock price has fallen about
eighty percent or more since the start of the year.
That's a billion over a billion dollars of market value erase.
And most of this has come the first drop happened
in March, then another one in June, and once the
PIC deaths are reported, you know, it is It definitely
(23:48):
is a pretty big setback for them, and it has
investors poops for sure.
Speaker 4 (23:54):
Sure.
Speaker 3 (23:55):
All right, we're talking with a just Allochie is the
digital editor at the Boston Business Journal, and she is
doing the work of Doug Banks today and that we
do appreciate her doing that. Okay, there's another headline that
we have seen here and it has to do with
Governor Healy has a new Economic Development Secretary. Tell us
(24:17):
about this change.
Speaker 5 (24:19):
Yeah, So they announced this this week that Eric Paley,
who is a venture capitalist, is going to be replacing
Yvonne how Is the next Economic Development Secretary. And obviously
this is a huge role for the business community. It's
it oversees the States innovation, tech, life science, and strategy,
really makes it a better place, really is working to
(24:42):
boost masters' economy and Secretary How stepped down earlier this year,
and and Taaley will Eric Taaley will start in September.
Speaker 3 (24:52):
I don't thinect you know the answer to this question,
but I've just often wondered, you know, what what happened there? Well,
why did she leave? And I know they gave the
tradition no line of when she's going to spend more
time with her family. But when she was brought into
that position, everybody was like, Wow, this is this is
a great hire. She's really talented. And then all of
a sudden she's gone, yeah, and.
Speaker 5 (25:12):
I mean, I don't know any more insight and I
know her. Her official answer was that she wants to
spend more time with her to treate aced daughters with
her mother, who lives in California, and that, you know,
she had said to the Business Journal when in the netlinks. Now,
so that's the way the world is at this moment.
The state needs someone in this role who can see
one thousand percent in and she's been one thousand percent in.
(25:35):
But the challenge is that when she does that job,
it doesn't leave a lot of room for anyone else
anything else. So that was the answer that she's that
she's given. You know, whether there's there's more behind the scenes,
that's not something that I personally am aware of. But
you know, she's she's really been, Uh, she's had a
pretty big impact. She you know, helped shepherd that four
(25:55):
billion dollar economic development bill through the state legislature. Re
upp funny field life science industry kind of helps shape
these new the new programs around clean energy, trying to
make it more of a clean energy hub, artificial intelligence
and all of that.
Speaker 3 (26:13):
All right, jess Ala, we hope you enjoyed your visit
to the dom Englo Business Report this morning. We enjoyed
chatting with you, thanks to so much. Up next, well,
not up next. A little bit later in the program,
Kim and I we're going to talk about streaming. Are
you streaming more? Are you over the age of sixty? Well,
the answer to that is probably yes you are. We'll
explain why in a moment.
Speaker 1 (26:36):
Kim and Joe will explore more business news that impacts
our New England economy when they return.
Speaker 7 (26:42):
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Speaker 9 (27:42):
Are you a brother or sister of one of a
Greater Boston's local trade unions and finally thinking about getting
ready to hang up your tools after thirty five years
of working your tailoff? Congratulations, you worked hard to build
your retirement nest egg. But now what? Let me help
you break through the nonsense and financial speak so we
can get to the questions that are import to you.
As you know, nothing gets built without a set of plans,
(28:03):
and neither will you a financial future. My name is
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creator of the Marshall Plan, a comprehensive customized plan that
will help you answer important questions in all seven key areas.
You don't have to do it alone. There is no
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Advisory services offered through Capital Analysts or Lincoln Investment Registered
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Lincoln Investment dot Com, Marshall Wealth Management and the above
firms are independent and not affiliated.
Speaker 3 (28:46):
All right, welcome back to the New England Business Report.
On this at June the twenty ninth, Joe Shorts, Kim
Kerrigan here with you, and this is the spot on
the program where we pick out that other story that
sort of tickled our fancy, so to speak. And this
was a round in Boston last week and they're talking
about those Waimo driverless cars. Now they're not necessarily here
(29:07):
yet in Boston, but you know, I have friends out
in the West Coast who are in these in Santa
Monica and San Francisco, and they've been using them for
a while now and they like them. Well, I guess
it's sort of a it's like going to a theme
park or something. It's like, you know, people are just
it's a weird experience. But you know, I mean, for
the most part. I haven't been a lot of problems
(29:30):
with these vehicles or these drivers vehicles. But anyway here
in Boston, of course, of course, no, no, no, no,
can't have that. So we had a rally here last week.
Unions from across the state came to the State House
last Tuesday to protest a pending bill allowing WAMO and
other driverless vehicles in Boston. Have you ever done it, Kim,
(29:52):
I have not.
Speaker 2 (29:53):
Listen, I totally get why people are not hype up
on this in Boston, and I can see where it
would really work on the West Coast. I mean, you
have bigger highways, you have more highways, you don't have
these little windy streets that people who are driving cars
have trouble Matt navigating.
Speaker 3 (30:10):
Yeah, I suppose.
Speaker 5 (30:11):
I don't know.
Speaker 2 (30:12):
I find a little strange, Joe, because they say that
they're driverless. But right now this bill would include a
safety person in the car. Well, why doesn't that person
just drive? I don't understand that.
Speaker 3 (30:26):
H A spokesman for Weymol said in an emailed statement,
we strive to be good neighbors in the cities where
we operate and be a positive presence in Boston Uh huh.
We'll see, We'll see. It'll be decided on Beacon Hill.
All right, Kim, let's turn our attention now to education
as it relates to our business economy here in the
(30:48):
state of Massachusetts. And there's somebody who's well, it's a
very familiar name. He's Tim Murray, and I'm sure we
all remember he's Lieutenant Governor of the Commonwealth from two
thousand and seven to twenty thirteen. Today he's the president
of the Worcester Regional Chamber of Commerce. And Tim's all
around good guy, very involved in the central Massachusetts and
the economy. Now, Tim, you're involved in this issue that
(31:11):
has to do with public vocational technical high schools. Explain
to our listeners what's going on.
Speaker 12 (31:17):
Yeah, well, you know what's the Regional Chamber of Commerce.
We represent twenty one hundred businesses and organizations, and you know, Joe,
on a daily basis, the single biggest issue we talked
and listen to our member businesses is the need for
well trained, well educated workforce and a major component of
that and what the employers consistently say is they want
(31:38):
more vocational technical school graduates. And it's arguably the most
positive story that exists today is when we talk about
public education in Massachusetts because of the success that our
VOKEE Tech schools have had over the last twenty years,
and really inexplicably, the Healy Drischool administration is really is
(32:02):
turning the system which has been so successful on its
head by imposing, you know, through the Board of Education,
a lottery system that basically says that you know, hard
working students who are in the seventh and eighth grade,
who work hard, you know, play by the rules, do
what we ask them to do in school, which is
(32:24):
to show up, have good attendance, good grades, good behavior.
You know, they now are just you know, put in
a lottery system with somebody who could have up the
twenty seven unexcused absences, have discipline issues, including felony issues,
could have you know, terrible grades, and they both now
(32:45):
have equal opportunity to go to a limited.
Speaker 6 (32:48):
Number of seats in a vote tech school.
Speaker 12 (32:51):
And it's really creating and pitting students against students in urban,
suburban and rural areas when the answer is right in
front of us, we shouldn't be having kids on any
waiting list because there's a waiting list of eleven thousand
students that want to go to vote tech Chapter seventy
four programs across Massachusetts. We should be focus on providing
(33:12):
universal access, universal access to vocational technical education, not rationing it.
Speaker 2 (33:19):
Well, Tim, I have to assume that universal it doesn't
exist because of cost. Is that right?
Speaker 12 (33:26):
That's a factor, Kim, But I think it also there's
an opportunity to create capacity. Back when I was Lieutenant
governor with Governor Patrick, we created a program called the
Capital Skills Grant Program, and the Governor Baker and Lieutenant
Governor Heally continued it in both instances, working closely with
the legislature, which is a targeted grant program that allowed
(33:49):
it not allowed not just the regional vocational technical schools,
but our traditional high schools, the comprehensive high schools to
add these Chapter seventy four programs. They could build out
a room, buy equipment, maybe make a small addition. And
so we've added fifteen thousand seats over the last fifteen
years Chapter seventy four seats with these limited targeted grants.
(34:13):
What is so inexplicable today is kind of the lack
of leadership that we've seen on this issue from the
governor's office while they're tinkering with the success. Instead, they
could have been saying, look, we are going to take
the fair share tax revenue, the millionaires tax, and we're
going to eliminate this vote tech waiting us across the
(34:34):
state by doubling down on these grants, by working closely
with the school building Authority to do this expansion. The
money's there now, it's been there for the last couple
of years, and there's no better return on investment in
this form of education. Like when you think we have
these conversations about how do we get our young people
(34:54):
work ready, how do we get them off their phones,
how do we get them to be more confident, how
do we make them more success ul and resilient in life?
These Chapter seventy vocational technical programs will require them outside
of their academics, to spend up to one thousand hours
in an industry area. It could be biotech, it could
be culinary, It could be the building trades. It could
(35:17):
be you know, finance and marketing. It could be a
vet tech program. It could be you know, machining and manufacturing.
There are almost fifty sixty Chapter seventy four vote tech
programs exist, and these kids graduate from high school not
only with the high school diploma, but in industry recognize
credential and so guess is a little bit more of
(35:37):
a cost to it, but the return on investment for
these individuals, their families, and our employer community, it's the
best money we could make. And so this is why I,
like many, I'm so frustrated with this decision made by
Governor Heally and her team that ignores what educators say
(35:57):
in this field. You know, if we have five and
vogue tech educators across the state administrators who all say
that this lottery system that they're imposing is a mistake,
that we should be focusing on expanding and we've got
ways and the means to do it.
Speaker 3 (36:12):
Talking with Jim Murray, of course is the president CEO
of CEO of the Western Regional Chamber of Commerce, Well, Tim,
you know, how should we decide who gets into these
programs if we don't use a lottery system?
Speaker 12 (36:25):
Well, I mean again, because as Kim pointed out, the
taxpayers pay a higher form of pay a little extra
for a VOKEE tech education. We want to make student
make sure that there are students who are going to
number one know what they're getting into and be serious
about it and then graduate from these programs. Joe, what
we've seen unfortunately, and again this is an example of
(36:45):
the governor and her team ignoring the evidence that in
communities where they.
Speaker 6 (36:49):
Have put some of these qualifyed lotteries.
Speaker 12 (36:51):
In, students are leaving. You know, students drop out maybe
the end of their sophomore.
Speaker 6 (36:56):
Year or their junior year.
Speaker 12 (36:57):
You can't then backfill those positions because you can't make
up the hours that they're required to spend statutorily under
Chapter seventy four program on that particular trade or focus area.
So I had one teacher called me from a community
outside of Boston to say, you know, we used to
graduate twenty twenty four CNAs Certified Nursing assistant. Since we
(37:19):
get to this qualified lottery, we are sometimes half that
number because students might leave at the end of their
sophomore junior and we can't backfill the position. And so
then what happens the employer community where those employees were
doing their co ops and then going on to work
to have less of an employee pool in a sector
we desperately need in healthcare. So this is again another
(37:41):
reason why it's so short sighted. They haven't listened to
the experts, the educators and administrators who do this work
every day, and are not listening to employeers who desperately
need more vogue tech crads.
Speaker 3 (37:53):
Tim, We're running out of time here, But how what
do you want folks to do? What do you want
listeners to do? We got about forty five seconds.
Speaker 12 (37:58):
Yeah, I got We need listeners to call their state
reps and state centers and support legislation that's in the
budget conversation right now that would put a stop on
Governor Heally's proposal to do this lottery and create a
statewide task for us to look at vokee.
Speaker 6 (38:14):
Tech education in the future.
Speaker 12 (38:15):
You know, I've been involved in this issue as a
city councilor, as mayors, lieutenant governor now representing twenty one
hundred employees in central mass We need to be expanding
vote tech dramatically, not rationing it.
Speaker 3 (38:26):
All right, He's Tim Murray and the website.
Speaker 12 (38:27):
Here, Joe, go to the website m voke tech, mavoc
Tech Coalition dot org, m a vote tech.
Speaker 6 (38:35):
Coalition dot org.
Speaker 3 (38:36):
That's right, Okay, he's Tim Murray's the former lieutenant Governor
of the Commonwealth. Thanks very much for sharing this important
issue with our listeners today.
Speaker 2 (38:44):
Well, Joe, let's talk a little bit more about some
of the needs of employers these days and the importance
of directing students to enhance their durable skills. Now we're
talking about communication, collaboration, and problem solving, all of this
to make kids more marketable in the current job market.
Speaker 4 (39:00):
Mike, you're not.
Speaker 3 (39:00):
Talking about college, right, Well.
Speaker 2 (39:03):
We're talking well, we know what that costs, right, So no,
but you know, we want to talk to Mike Bauer.
He is the chief operating officer of the UP Education
Network in Dorchester and Mike is here to tell us
about this really unique program that they're doing with young
kids and businesses like Dell and Suffolk Construction and PTC
(39:26):
just to name a few. Mike, great to have you
with us. And the first thing I want to ask
you really is to tell us about up Education.
Speaker 11 (39:33):
Yeah, yeah, thanks for having me on.
Speaker 6 (39:37):
Education Network.
Speaker 11 (39:39):
Is a non for profit and we partner with Boston
Public Schools and the state to manage schools and we're
currently we manage two schools in Dorchester that are pre
K through A and serve about thirteen hundred kids.
Speaker 3 (39:58):
And what is your goal, I mean, what as your
agenda as it relates to preparing these kids for the future.
Speaker 11 (40:05):
Yeah, I mean, ultimately, like our mission, as our mission
and vision as an organization is to set kids up
for a life of agency and choice. We do that,
and like in our missions or envisioned statement, we want
to make sure that we're cultivating our kids' sharp minds,
(40:27):
kind hearts and allowing them to explore their pass and potential.
Speaker 2 (40:31):
Are the kids who are in this program do they
have to to try out? Are there certain you know,
skills they have to have prior to getting in? Or
these kids just lucky enough to attend these schools and
this program exists.
Speaker 11 (40:43):
We are these these we are public schools, part of
the Boston Public school System, and so the kids do
not have to apply, do not there's no free requisite
to get into these schools. And so the kids that
come to our schools though, do get to take part
in this program that we've created.
Speaker 3 (41:05):
Also, Mike, tell us about the private companies, the private
businesses that are working with you.
Speaker 11 (41:12):
Yeah, sure, we have. We have about fifteen companies that
we've partnered with, you know, to name a few of them.
We have bit Site Toast Dell, Suffolk Construction, PTC, Rapid
seven Pillar venture capital firm. There's a number of other
(41:32):
ones on their Craft Analytics group, and these companies partner
with us and collaborate with us to create immersive experiences
for middle school kids to learn about the company and
essentially work on something collaboratively with the companies so they can,
(41:56):
like what you mentioned before, learn about the company, but
also enhance and improve their durable skills.
Speaker 2 (42:04):
Why do you think durable skills are so important for
these kids to enhance as they look forward to, you know,
their futures.
Speaker 11 (42:11):
Yeah, I don't think with you know, AI and the
future of work. I mean, I think there's a lot
of unknown and I think even more importantly, like what
people will actually be doing, what technical skills will be
needed is a question mark. But we do like we
(42:33):
we believe very strongly that having durable skills to that
include communication, problem solving, teamwork and collaboration will be even
more important to help navigate the world that is really
going to be unknown.
Speaker 3 (42:50):
Talk with Mike Bauer. He's the chief operating officer of
UP Education and the Spring to Dorchester Public Elementary schools,
UP Academy Dorchester and UP Academy Holland partnered with nearly
twenty local businesses. I guess might at the end of
the day, how do you gauge your success?
Speaker 7 (43:07):
Yeah, we are.
Speaker 11 (43:08):
Working on that longitudinally because our kids leave us in
eighth grade and you know, ultimately, you know, we want again,
we want them to be set up for a life
of agency and choice and achieve social and economical mobility.
But for now we're working on how to measure short
and longer term. But for now, success for us is
(43:30):
really around three things. That kids are gaining access and
exposure to high powered careers in industry, mostly STEM related.
Kids build durable skills that will translate into success in
any job of the future. And we want them to
build social capital and start networking at an early age.
And so those three things, you know, are things that
(43:52):
we measure. We can measure access and engagements, but the
longer term, longitudinal measures or things we're still uh trying
to work on.
Speaker 2 (44:02):
And Mike talk to us again about these businesses and
what the no pun intended upside for them being involved
in a program with children who are so young, What
what's the upside for that.
Speaker 11 (44:13):
I think there's two main upsides that we've seen. First is,
you know, uh, this is like a longer term play
for kids, like like for for uh employment. Now, they're
not gonna see the effects of this for you know, years,
because kids are gonna have to go to high school,
maybe go to college as well, uh and then like
(44:36):
start employment. But this is a you know, a long
term potential uh human capital recruitment plan. I think the
second thing that we've seen more acutely is it's like
a really awesome employee engagement activity. But the the the
joy and the experience for the companies to interact with
(44:56):
kids that they don't normally get to interact with. See
the joy that the kids have when they're coming and
experiencing and doing things alongside these companies has been really
really powerful, and we've got a lot.
Speaker 12 (45:08):
Of positive feedback from these companies about that.
Speaker 2 (45:11):
Well, Mike, it seems like a fantastic program. We wish
you continued success. These kids are lucky to have this
kind of exposure, and I'm sure these companies feel the
same way. All right, Mick, thanks again. Up next, are
you streaming more shows than watching on broadcaster cable.
Speaker 3 (45:26):
Joe, I am.
Speaker 2 (45:30):
New report says you are. That's coming up next.
Speaker 1 (45:39):
You are listening to the New England Business Report on
the Voice of Boston WRKO six'. Eighty joe And kim
will be right.
Speaker 9 (45:47):
Back are you a brother or sister of one Of
Greater boston's local trade unions and finally thinking about getting
ready to hang up your tools after thirty five years
of working your? Tailoff, congratulations you worked hard to build
your retirement nest. Egg but now What let me help
you break through the nonsense and financial speak so we
can get to the questions that are important to. You
as you, know nothing gets built without a set of,
(46:09):
plans and neither will your financial. Future my name Is Mike,
Marshall president AND ceo Of Marshal Wealth management and creator
of The Marshall, plan a comprehensive customized plan that will
help you answer important questions in all seven key. Areas
you don't have to do it. Alone there is no
cost or. Obligation call us at eight five seven three
four two ten. Thirty that's eight five seven three four
(46:32):
two ten. Thirty well check us out online At marshalwealth dot.
Com marshall with Two, Els marshalwealth Dot.
Speaker 10 (46:39):
Com advisory services offered Through Capital analysts Or Lincoln Investment
Registered Investment. Advisors securities offered Through Lincoln Investment Broker Dealer Member, FINRA,
Sipc Lincoln investment Dot, Com Marshall Wealth management and the
above firms are independent and not.
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Speaker 2 (47:47):
No, Hi, Everybody I'm Kim kerrigan And I'm Joe.
Speaker 3 (47:55):
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Speaker 3 (48:36):
And welcome back to The New Engo Business report on
This sunday. Morning and you, know, Uh, kim this next,
STORY i don't, know it might be one of my,
favorites and it just was a headline that really jumped
out of, me maybe Because i'm one of the people
that they're talking about. Here but it has to do
with streaming and traditional television and cable television and how
much of each we're all. Watching, well it turns, OUT i,
(48:58):
guess for the first time, ever we are streaming more
than we're watching cable or traditional.
Speaker 2 (49:05):
Television i'll tell you WHY i was so surprised by, This,
joe BECAUSE i would have thought DURING covid we would
have all been streaming more than we were watching traditional
television because there was no new programming at. All SO
i really do think this is.
Speaker 3 (49:19):
Fascinating, yeah, WELL i think what, Happened kim is that
us old, folks AND i shouldn't put you in that.
Category i'll put myself in that. Category we finally figured
out how to do. It you, know we got our
kids to teach, us so now we know how to do,
it and we're coming in. Droves, apparently let's talk us
Bringing Don. Seiffert he, is of, course the managing editor
of The Boston Business. Journal he plowed through this, report
and this story comes from The Nelson Rating, service The
(49:42):
Nielsen Rating service, company And, don welcome to the. Program
thanks for plowing through the report for. Us what does it?
Speaker 6 (49:48):
Say it says that streaming hit a forty four point
eight percent of people who watched who WATCHED tv did
it through streaming in the month Of, may and that's
the first time that that has ever beat the combined
broadcast and cable. Score it's only like a few percentage points,
higher but it's a it's a. Milestone as he, said
(50:10):
it's like the first time that that that streaming has
ever has ever beat you, know both both of the
more traditional ways that people WATCH, tv AND i totally.
AGREE i, Mean I'M i THINK i would probably put
myself in the uh In joe's old old people. Category that,
like we finally figured it out honestly ourselves and cut
the cable court just a couple of months ago in
our house because now we know how to do. It,
(50:32):
really you.
Speaker 3 (50:34):
Tell us about that, Decision, UH i, mean.
Speaker 6 (50:36):
We had been talking about it for, years, honestly and
it's just it was a matter of trying to figure
out how to get all of THE tv that we
want to. Watch you, know my wife wants to watch,
tennis just so we need The tennis.
Speaker 5 (50:46):
Channel.
Speaker 6 (50:47):
Uh you, know we Need bravo for all the reality
shows that that she likes to. Watch you, know we
obviously Want netflix and some of the other stuffs. Sous
trying to figure out all of that was, difficult and,
honestly you know that's why it took so. Long but
but you, know the prices for cable keep going up
and up and. Up by the, end we were paying
more than three hundred dollars a.
Speaker 2 (51:06):
Month.
Speaker 6 (51:06):
Uh you know that obviously that Includes Wi fi and other.
Speaker 3 (51:10):
Staffs so what are you saving what are you, Saving
well about.
Speaker 6 (51:13):
Eighty, bucks so you know a significant, amount about a
quarter quarter of what we're what we're.
Speaker 2 (51:18):
Paying, well let me ask you, this Don can you
get Local the big important thing for us here would
be can we get local?
Speaker 3 (51:23):
News?
Speaker 6 (51:24):
Yes On, HULU i believe is how we is how
we do. This i'm still trying to see. Yourself we signed,
out we signed up for for The hulu twus AND
i think it's a little more than one hundred. Bucks
and that gives you pretty much all all the, yeah
the local news stuff that we need to.
Speaker 3 (51:44):
Watch you did it or your wife did?
Speaker 6 (51:45):
It come, on, don, well wee kind of did. It
it's my eleven year old played a big, PART i think.
Speaker 3 (51:53):
You, yeah, okay, WELL i. Thought the interesting thing about this,
is and we've talked about it a little, bit is
that the older, folks you, know finally came late the game.
Here but if you look at that report That neilsen put,
out they also say this may be a temporary blip
and that things may change all that. Too, yeah tell
us about?
Speaker 6 (52:10):
That, well, YEAH i mean they say that they said
it's likely to switch, back and the reason, is you,
know like maybe it'll stay this way for the. Summer
but in the, fall when everybody watches football, again good
chance that people that broadcast is going to inch up.
Again BUT i think it seems to you, know it
seems to suggest that at some point this is going
to become a, permanent you, know a permanent, trend and
(52:31):
then streaming is going to eclipse both broadcast and cable.
Forever and you, know much like you, know online media
kind of ecllapsed print, media you know years. Ago, uh
it's gonna it's gonna keep on going in that. Direction you,
know fewer and fewer people are going to be on
cable and, broadcast more and more on.
Speaker 2 (52:50):
Streaming, well you, know don one of the THINGS i
thought was so interesting is that the biggest day in
streaming history Was Christmas day twenty twenty, four because there
was TWO nfl foototball games that were streamed that. DAY i,
mean isn't it amazing the power of? Football let's just
start there showing.
Speaker 1 (53:06):
Out.
Speaker 2 (53:06):
Yeah but what's interesting is, that you, know the THE
nfl has has sort of figured this, out and they
are they have entered this streaming, game AND i think
as long as it's profitable to, them they may keep
going that, direction don't.
Speaker 6 (53:21):
You, yeah as long as they can make. MONEY i, mean,
OBVIOUSLY i mean football has been probably the saving grace
of broadcasting cable for for years. Now it probably has
uh has prevented it from from declining. Faster but but
obviously now that now that THE nfl and other sports
leagues are are embracing, this then it's gonna it's gonna
(53:43):
keep on moving in that. Direction AND i, mean you,
KNOW i mentioned tennis. BEFORE i, mean we we watched
tennis actually more than we watched any other sports. Here
so you have The tennis, channel and you, know and you,
know we we've now figured out the streaming on tennis
and and you can pretty much watch all of the
big games and all the big matches that way, now
and it's you, know there's no reason to pay for
(54:04):
The tennis.
Speaker 3 (54:04):
Channel Don Ceipher targassi's the managing editor of The Boston Business.
Journal we're plowing through this report by The Nelson Rating
Company Nielsen Rating. Company who's the big winner on the streaming?
Side Don, yeah THAT i.
Speaker 6 (54:18):
WAS i was asking myself, that AND i did some,
research and it looks like there are two big, winners
and it depends on how you look at. It, obviously
in this in this report that came out From, nielson
it talks about YouTube as being as being the you,
know the biggest of all the streaming. Networks they have
twelve point five percent of all the. Viewers you, know
(54:39):
the streaming as a whole is you, know forty five,
percent so they're about a quarter of all the streaming
is on. YouTube so by that, measure they are they
are doing the. Best AND i, mean but they have
a slightly different model than you, Know netflix And Disney
plus And. Hulu you, know obviously they they are sharing
(55:00):
the revenues with content creators about making their own. Content
SO i DON'T i don't know exactly what the revenue. Is,
obviously YouTube is part Of google And google as a,
whole you, know the whole giant conglomerate of all kinds of.
Revenue but so if you look at it in terms of,
REVENUE i would Say netflix is a big. WINNER i,
mean they you, know they are second to YouTube with
(55:23):
seven point five percent of the of the. Audience but you,
know they have you, know LIKE i think four years
ago there were what we call the streaming, wars where
Like Amazon prime and And, hulu and you, know everybody
was trying to make their own, show And netflix emerged
from all THAT i think pretty much the. WINNER i
(55:43):
think everybody at this point agrees That netflix won those streaming.
Wars they you, know especially they they are subscribers really
took off after they started cracking down on passwords In
may twenty twenty. Three they've added like fifty million new
subscribers since. Then their revenue last year was thirty nine.
Billion that's up sixteen percent in the previous. Year SO i,
(56:05):
mean they're they're making money more probably on this than
any of these other.
Speaker 2 (56:09):
Companies, yeah and they have a lot of original programming
there on network On, netflix which is interesting as, well
because you have it's almost.
Speaker 6 (56:18):
You, know you can't you can't cut the cable cord
without you, know signing up For. NETFLIX i don't, think,
right you, know you're you're missing too, Much.
Speaker 2 (56:26):
You're so, right. TRUE i, mean Like paramount and some
of Those peacock they're they're rerunning some of the broadcast side,
stuff which is again that's how how if you're going
to cut the, cable that's how you get. It you,
know you go to those streaming But, NETFLIX i just
think about how much money they must invest in their
content to be making so much.
Speaker 6 (56:44):
Money, yeah, yeah they, YEAH i mean they. Are they
are putting, up putting up tons of new, programs but
they're still making. MONEY i mean they are more profitable than,
anyone you. KNOW i mentioned you, know their their revenue
last year is thirty nine. Billion their niate income was
eight point seven, Billion so you, know they are Making
they are making a decent margin of like more than twenty.
(57:04):
Percent AND i think on one of their latest earnings,
call they said that they that they expect someday to
be making you, know the same as broadcasters used to,
make which was like thirty to forty.
Speaker 3 (57:16):
Percent all, right he's A Don. Sivert he's a managing
editor of The Boston Business journal and a good guy
to help us plow through that latest ratings. Report thanks
for joining.
Speaker 2 (57:24):
Us and that's going to do it for this edition
of The New England Business. Report we hope everybody has
a Great fourth Of july week and a safe. One,
joe enjoy every.
Speaker 3 (57:33):
Minute, yes thank, you we.
Speaker 1 (57:35):
Will we.
Speaker 3 (57:36):
Will we'll be down here on the cape watching the. Fireworks.
Speaker 2 (57:39):
Fantastic we're going to be back Next sunday with some
of our favorite conversations that we've had in the last
couple of, months including a chat with Former Boston Mayor Marty.
Walsh that's right here on The New England Business report
Next sunday at eight am on The voice Of boston
W RKO am sixt eighty
This is the New England Business Report with Joe short
Sleeve and Kim Carrigan, a weekly round up and discussion
of the top business news impacting our New England economy.
Speaker 2 (00:09):
Good morning, everybody, and welcome to the New England Business Report.
I'm Kim Kerrigan along with Joe short Sleep. Hello Joe.
Speaker 3 (00:16):
Oh, good morning to you, Kim. We are staring down
the fourth of July. At this point, winter won't be
far away.
Speaker 4 (00:22):
Joe.
Speaker 3 (00:24):
Sorry, I brought up real loud to me.
Speaker 2 (00:30):
I got to tell you this last week. He would
have never known that winter would ever come back right
after that hot weather.
Speaker 5 (00:35):
Yeah.
Speaker 3 (00:35):
Wow, so that was memorable.
Speaker 2 (00:38):
Yeah, I'm a freak. I sort of like that stuff.
Speaker 3 (00:41):
So you know you are. Okay. I'm sorry Kim that
you are, because I mean the complaint. The interesting thing
is local television news and the covering of it last week.
Everybody complaining, complaining and complaining.
Speaker 2 (00:51):
Oh god, everybody's forgotten all the complaining we did about
all those saturdays that were wet. Hey, you know you
did just say this. This is twenty ninth of June
and we are staring down this week, and I did
a little checking. Triple A says that seventy two point
two million Americans are expected to travel at least fifty
miles away from their home, which is up almost seven
million more than twenty and nineteen. So, Joe, I'm staying home,
(01:14):
and I know you're at your home on the Cape,
so we are not included in those numbers this time.
Speaker 3 (01:18):
Yeah, I don't venture out very far because when you do,
you are hit with the crowds on Cape Cod. I
will tell you it is a busy place these days, you bet.
Speaker 2 (01:25):
All right, let's take a look at what's happening in
the show today. We're going to start with a conversation
with the president of Meet Boston, Martha Sheridan. This holiday
week truly kicks off the summer season, which means a
lot from the bottom line for a lot of businesses
in the area. Martha will tell us all about some
of the upcoming summer events that are planned and the
(01:47):
anticipated impact that those summer events are going to have
on the local economy.
Speaker 3 (01:52):
Now they look at her calendar, Kim, her calendar is
it's unbelievable. I mean, you got the Harbor fast, you
got these two hundred and fiftieth celebrates going on. I
mean she is a busy lady.
Speaker 2 (02:03):
She is, and there's some really big events that are coming,
which is really terrific. I'm anxious to talk to her
about international visitors and how all of that's going. It
looks like things are going well, so that is a
positive story. We're also going to take a look at,
of course, some of the past headlines this week, including
a follow up on a story that we brought everybody
(02:23):
Joe earlier this spring, mass General Brigham. They are building
three apartment buildings over on the Vineyard to house their employees. Well,
they have now got most of those open, and we're
going to check in on how the progress is going
and how people are appreciating that.
Speaker 3 (02:42):
Yeah, we have a new voice this morning from the BBJ,
the Boston Business Jared on the Jess Allo and she
is their digital editor, which I think, you know, that's
a pretty good title these days.
Speaker 2 (02:50):
Absolutely, so we're looking forward to chatting with her, Joe.
What else is coming up in the second half.
Speaker 3 (02:55):
Well, let's see, we got the former Lieutenant Governor of
the Commonwealth. That would be one Tim Murray. He of
course versus now the executive director of the Worcester Regional
Chamber of Commerce. And the thing that's interesting about this
particular story is here he is, you know, a Democrat
who held you know, one of the higher offices in
the state for many years with the daval Patrick administration,
(03:16):
and now he's had odds with Governor Healey, you know,
and he's calling out a Democratic governor on an issue
that has to do with vocational technical high schools and
how students are enrolled. I guess Healey wants to have
a lottery system, and anyway, Tim Murray's dead set against
Itney's speaking out. So it's interesting, and we're going to
follow that up with a conversation about up Academy. Now
(03:37):
up Academy is in two Dorchester elementary and middle schools.
We're to talk to the gentleman by the name of
Mike Bauer who's with them, and what they're doing is
they're having elementary and middle school students and they're sort
of training them or exposing them to the job market
of the future. So anyway, talking a lot about education
in jobs in this next half hour. And then finally, Kim,
(04:00):
this was a headline that I thought was fascinating. Have
of course, you and I have been television for a long,
long time, and I don't know if we ever thought
we'd see the day we're streaming had a bigger bite
of the pie than traditional cable and traditional television. And
it's finally happened, and it happened in the month of May.
And you know who kicked it over? Who kicked it over?
(04:21):
It's well, I'm not going to put you in this group, Kim,
but the folks over sixty, all of a sudden we
learned how to stream. We figured it out, and you
know now you can watch.
Speaker 2 (04:32):
That anytime you pick.
Speaker 3 (04:34):
You're kidding me, Yeah, imagine that. So we're going to
be dogging with don Ceipert of the BBJ about the
new TV ratings and how that's interlinking. But if you
read deep into this report that was done by the Nelson,
the Nielsen Rating service, it says, Okay, this is going
to be temporary because in the fall, when football comes back.
Speaker 2 (04:55):
Everybody's also helping the streaming world, which is really interesting.
Speaker 4 (04:58):
Right.
Speaker 2 (05:00):
Do you stream a lot at your house?
Speaker 4 (05:02):
Yeah?
Speaker 3 (05:02):
I guess I have started to. I guess I fell
into that category as much as I don't want to
admit it.
Speaker 2 (05:08):
But first, this morning, we want to welcome the president
and CEO of Meet Boston, Martha Sheridan too the program
and Martha, here we are the start of the fourth
of July week. Why don't you tell us and our
listeners how important it is this holiday week on the
tourism calendar.
Speaker 4 (05:24):
Well, you know, we love this week in Boston because
there's so much to do, so much activity, and clearly
a city like Boston and most major cities compete with
the resort and beach destinations during Fourth of July week,
So we have to make sure that we have enough
programming to entice people to come and stay in the city,
and we certainly do have that. We have Harborfest starting
(05:45):
on Tuesday of this week, on Wednesday, rather, you know,
we have the big Esplanade celebration on the fourth of July,
which always draws hundreds of thousands of people and just
a lot of ancillary events, a lot of smaller events
sprinkled around the city, so afecting a very successful week.
Speaker 3 (06:02):
Martha, what is Boston Harborfest? What should folks know about it?
Because we all know about fourth of July on the Espana,
But what is what is Harborfest?
Speaker 4 (06:11):
Sure, Harborfest is and event that's been taking place for many,
many years. It spreads from downtown all the way over
to the Harbor, and there are entertainment acts that they're
sprinkled around downtown that'll start on Wednesday. They focus on
safety on the water. There's the USS Constitution sail by
(06:35):
and there's another set of fireworks by the way associated
with Harborfest as well. That's that it's going to be
on the Harbor the third, and then you've got, of
course the Fourth of July fireworks. So lot's happening with
Harbor Fest.
Speaker 2 (06:49):
Well, we get through this week, Martha, and then the
summer just is sort of just starts running at us
and there's lots of great events going on. So let's
sort of recap some of the things that people can anticipate,
and then we want to talk to you about their impact.
Speaker 4 (07:03):
Sure, well, you know, the great thing about Boston in
the summer is really our schedule of concerts between Leader
Bank Pavilion, MGM Music Hall, Fenway Park concerts, and other venues,
we have a lot of live music coming to the city.
In fact, you know, just this weekend we have have
Bamfest coming in or has just happened Bamfest is such
(07:26):
a great, great cross cultural events that's going to that
took place at Franklin Park. We have jazz concerts sprinkled
throughout the city. We have music along the esplanauts, So
just a lot of really fun, smaller events really this
summer too that people can take advantage of.
Speaker 3 (07:45):
Martha, what do you how do you decide what to promote?
Because I know that's basically a big part of your job,
and how do you promote them? In other words, where
do we see the meat Boston grab?
Speaker 6 (07:55):
Well, we promote.
Speaker 4 (07:57):
We try and promote as much as we possibly can,
and we try Bryan bundle activities that are similar so
that we can appeal to different audiences because different people
want to do different things. So we might bundle culinary
activities and do a blog about that. We might bundle
outdoor films, which is a big deal. Fenway Park is
doing a movie series this year, so we just did
(08:19):
a very very popular blog on outdoor film. So we
really try and look at similarities between events and what
might appeal to a certain demographic. And the way we
promote is through our website Meet Boston dot com, a
very robust advertising program that We run ads across the
country about Boston, we do blogs, and we have a
very very aggressive social media program that really tries to
(08:43):
appeal to a broad audience. And it's important to note
a lot of our audience is locals, it's not just visitors.
So we love the fact that we can be a
resource for people that live in Boston and are looking
for great things to do in their own city.
Speaker 2 (08:56):
Yeah. Absolutely, Let's talk though about those visitors, and let's
start with the international traveler. You know, there's been some
uncertainty in the country our international travelers coming to Boston.
They are absolutely and we actually don't have numbers yet
(09:17):
for the last quarter, although we are seeing indications based
on what we've seen from Logan Airport information on flights
is that Boston's actually we're holding our own right now.
I don't think we're going to be immune to what's
happened geopolitically and the impact that's having on travel to
the United States in general.
Speaker 4 (09:38):
But I do think that we are very lucky to
have a great city that welcomes all. I think people
perceive it as that, and it does feel like our
international visitation is flat or just slightly down at this point.
Time will tell, but we're optimistic that we can continue
that pace.
Speaker 3 (09:56):
There was a great deal of worry Martha some time
ago as it relates to the Canadian visitor. Now, are
we seeing an easing there or we are we getting
a little forgiveness from the Canadians? Are they coming?
Speaker 4 (10:08):
We are seeing and easing? They an easing in visitation?
I think they're still coming. With the things indicate that
Canadians are absolutely still coming, but not in the numbers
that we had hoped or anticipated. Uh. That was supposed
to be a very high growth area for us, and
obviously I don't think we're going to see that this year.
Speaker 3 (10:29):
Yeah, so what do you do about that?
Speaker 4 (10:30):
We just hire a rep firm in Canada. Actually, we
actually have a great firm. They're based in Toronto and
they have an office in western Western Canada. They know
the market well and they know how to nuance our
efforts there so that we we speak appropriately to Canadians
who are still I think feeling the burn from you
(10:53):
know what the rhetoric had been over the last several months.
So we're going to continue to promote we want to
welcome Canadian visitors here, particularly as we get towards twenty
twenty six with a World Cup with our sale Boston event,
so we're going to be aggressive. We're going to continue
to promote appropriately in Canada. We had a great air
(11:16):
service there. We're welcoming some new flights to Western Canada,
so we want to make sure we do it appropriately.
Speaker 2 (11:22):
Let me change gears just a bit and ask you
about a conference that took place about two weeks ago,
and that's that Bio International conference. That's a big conference
bringing people from all over the world. Give us a
sense of how that went. I know that that means
a lot to the economy here locally, and was that
affected at all when it comes to attendance by some
(11:44):
of these geopolitical issues that you're talking about.
Speaker 4 (11:47):
That is one that was one positive, not but one
of many positive bright lights that we have seen in Boston.
They had twenty thousand attendees. They exceeded attendee goals. Forty
five percent of the attendees were from overseas, and the
biggest decline in overseas attendees was from Canada, but there
(12:09):
were there was a big Canadian delegation here nonetheless, and
it really just tells us that when there's a purpose,
when there's a reason people are going to travel. The
event went incredibly well. They used thirty five hotels across
Boston and Cambridge. They had a lot of settling going on,
but I believe that they had a terrific time here
(12:29):
in Boston. They planned two very large scale events, one
at the Museum of Fine Arts and one in the
Seaport that went off beautifully, so very positive experience and
a great event for all. And yes, it's very important
to our economy as it shined to light on our
bio sector here in Boston.
Speaker 2 (12:47):
And Martha, can you give us a sense of what
kind of money that brought to the city.
Speaker 4 (12:51):
I don't have the impact numbers on that, zeph but
you know, anytime you bring twenty thousand people and forty
five percent of them or from overseas, you know it'll
be in the It'll be in the tens of millions
of dollars, likely mid tens of millions of dollars.
Speaker 3 (13:04):
Yeah, Arthur Sheridon's our guest course president of Meet Boston.
You've mentioned it a couple of times, but maybe a
little more detail on Sale Boston twenty twenty six and
the World Cup twenty twenty six.
Speaker 4 (13:13):
Yes, we're gearing up. We're excited. We actually just hosted
a great meeting with all the consulate members from that
are in Boston yesterday, if you briefed them on these events.
We're expecting. As you know, we will host seven matches
for World Cup in late June early July of twenty
twenty six, those who take place at Julette, but a
(13:35):
lot of the activity will be centered in Boston, including
the fan fest, and then of course right on the
heels of that, literally the day after the quarterfinal match
at Gilette, we will welcome fifty massive it's actually seventy
five ships, but fifty of them are the larger sailing
vessels from across the world to Boston. It is going
to be absolutely spectacular. We had a briefing on which
(13:58):
ships are coming.
Speaker 7 (13:59):
We do have.
Speaker 4 (14:02):
Some of the best class A ships out there coming
to Boston and we are very very excited for that
event as well.
Speaker 3 (14:08):
Well.
Speaker 2 (14:09):
Martha, thank you very much for keeping us updated.
Speaker 4 (14:12):
Can I just make a quick correction that the fireworks
on Boston Harbor are in July second, not the third,
so make sure we get crowds out there. There will
be for the fireworks at nine point fifteen on Boston Harbor.
Speaker 2 (14:26):
Absolutely, there you go, Martha Sheridan, Thank you very much.
Still come in your way. Some of the business headlines
from the week that was. This is the New England
Business Report.
Speaker 1 (14:42):
You are listening to the New England Business Report on
the Voice of Boston w RKO six 't eighty. Joe
and Kim will be right back.
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Speaker 2 (16:59):
Hi everybody, I'm Kim Kerrigan.
Speaker 3 (17:01):
And I'm Joe Shortsley. If you want to be part
of the New England Business Support, sponsorships are still available.
Speaker 2 (17:07):
You can email us at Any Business Radio at gmail
dot com.
Speaker 3 (17:12):
That's Any Business Radio all one word at gmail dot
com and we'll get your business on the show too.
And welcome back to the New England Business Report on
this Sunday morning. You know, every week on this program,
Kim and I look at the top five business stories
(17:34):
of the week. At the BBJ, they have the five
things you need to know today. Well, Kim and I, well,
we look at the five things you need to know
this week. We usually talk with Doug Banks, executive editor
of the BBJ, but today we're lucky to have with
us the digital editor of the Boston Business Journal. I
want to introduce her to our audience. She is Jess Allo. Jess,
welcome to the program. And what is the digital editor?
(17:57):
I mean, I suppose it's self explanatory, right, tell us
a little bit about your job.
Speaker 5 (18:01):
Well, thank you for having me. I manage daily digital
news content for the Boston Business Journal. Every story you
see online I don't edit all of them, but just
try to manage that flow and make sure we have
a really steady stream of good, interesting journalism coming onto
our website every day.
Speaker 3 (18:18):
There you go, and so you know a little bit
about everything, right, So I guess that's basically that's how
I feel sometimes, you know. Okay, So, Jess, let's start
with the because Kim and I had done this story
in the past, Mass General Brigham opening housing on Martha's
Vineyard to combat high cost over there. Folks for work
over there, but they can't afford to live there. But
(18:39):
now that's changing a little bit. Tell us exactly what's happening.
Speaker 5 (18:42):
Yes, So Mass General Brigham has a thirty million dollar
housing project in Martha's Vinyard on Eggertown, which it's opening
up this summer. It's going to they're going to have
people coming in to live there, I think by the end.
Speaker 11 (18:56):
Of the summer.
Speaker 2 (18:56):
Yeah, and this is going to house how many people, Jess.
Speaker 5 (18:59):
There are forty eight total units of housing, which has
about seventy six total bedrooms. But the idea is that
this will help more than just the people who can
actually live there. It'll be also the people who go
to Marketer's Vineyard Hospital and need medical care or in
the Navigator Home, which is their senior care and skilled
nursit home community because as we all know, markets Vineyard
(19:21):
is very expensive to live on, but people still need
medical care there.
Speaker 3 (19:25):
Sure, how are they deciding who gets these spots? I mean,
I mean I talk about gold on Martha's Vineyard. If
you have a fairly inexpensive place to live, how do
they decide that? And how does this all come about?
Speaker 5 (19:38):
So it's it'll be a lottery system and obviously, like
I said, it's only open to certain employees, but only
open to the employees, but it'll be a lottery system
that'll be run through the Duke's County Regional Housing Authority.
It'll it will be about thirty percent of their income.
That's that'll be the cap for how much employees can
spend for the rent.
Speaker 2 (20:00):
And they actually this is they own that property. I
mean this was very close to the hospital, correct.
Speaker 5 (20:06):
Yes it is. Yeah, it's been an egger challenge, very
close to the hospital, and it's been something that I've
been doing. You know, it's been like you said, it's
been the works for a while. And it's really because
they're having trouble recruiting and retaining employees can who can
live there? You know, it's a it's a big ask,
especially for people who are maybe nurses or aren't you know,
(20:27):
they're not they're not the high paid doctors, but the
highest station shoulders.
Speaker 3 (20:31):
What you read on this, is this a drop in
the bucket or is this going to make a big difference?
Speaker 5 (20:36):
Well, like I said, it's forty eight total units of housing,
seventy six total bedrooms. You know, that's not necessarily going
to completely revolutionize the housing system in Martha's Vineyard or
for market Vineyard Hospital, but it's going to make a
big It'll be a big drop, and I think it
also will signal the people that they're serious about, you know,
(20:59):
investing in this hospit and making sure it has people
they need.
Speaker 2 (21:03):
Yeah, it seems like a great idea to me, and
I hope that maybe if there's other businesses there on
the Vineyard that have that kind of property available to them,
they may consider the same kind of thing. Let's change
gears to another story that Joe and I were thinking about,
and this is the story that was written earlier this
week about the FDA investigating Surrepta. Now that is a
(21:23):
pharmaceutical group over in Cambridge. They have a drug that
treats people who have Dushanes and apparently two of their
of their patients have passed away and it looks like
it may be directly an effect of this drug. Talk
us through this.
Speaker 5 (21:43):
Yeah, so this is a gene therapy for Dushane muscular distrophe,
which is a very severe form of muscular district and
you know, almost universally failed by mid twenties, so it's
a very hard disease, very tough disease too. Of the patients,
they reported that they have self reported patient deaths, one
in March and one it just last week earlier this month,
(22:06):
and both of these were teenage boys. They were non ambulatory,
which means that they they couldn't walk anymore, they'd lost
the ability to walk, and they died of fatal of
acute liver failure. And the FDA says they believe that
this that the liver failure was directly related to the
gene treatment that they received from Sereptive Therapeutics.
Speaker 3 (22:28):
And as you said, SPA self reported this. So what
happens now, right, So.
Speaker 5 (22:34):
Even before the FDA, you know, said they were going
to going to investigate it. Sirepta had said that they
were going to pause dosages for non ambulatory patients. These
are the patients who can't walk. By said, it's the
more severe patients. And they're going to pause a clinical trial,
which is a required trial while they work with a
(22:54):
panel of experts to figure out how to mitigate the risks.
And they believe that andres and drug added to the
treatment can help mitigate this risk. And I think that
once they are able to kind of look at the data,
they'll be able to kind of resume with that extra
succession drug.
Speaker 2 (23:13):
You know, just when these companies, these pharmaceutical companies have
these kinds of setbacks that can really be dramatic for
those companies. Has has there been any talk of fallout
as a result.
Speaker 5 (23:26):
Well, I mean, if you just have to look at
the stock price, uh Serepta's stock price has fallen about
eighty percent or more since the start of the year.
That's a billion over a billion dollars of market value erase.
And most of this has come the first drop happened
in March, then another one in June, and once the
PIC deaths are reported, you know, it is It definitely
(23:48):
is a pretty big setback for them, and it has
investors poops for sure.
Speaker 4 (23:54):
Sure.
Speaker 3 (23:55):
All right, we're talking with a just Allochie is the
digital editor at the Boston Business Journal, and she is
doing the work of Doug Banks today and that we
do appreciate her doing that. Okay, there's another headline that
we have seen here and it has to do with
Governor Healy has a new Economic Development Secretary. Tell us
(24:17):
about this change.
Speaker 5 (24:19):
Yeah, So they announced this this week that Eric Paley,
who is a venture capitalist, is going to be replacing
Yvonne how Is the next Economic Development Secretary. And obviously
this is a huge role for the business community. It's
it oversees the States innovation, tech, life science, and strategy,
really makes it a better place, really is working to
(24:42):
boost masters' economy and Secretary How stepped down earlier this year,
and and Taaley will Eric Taaley will start in September.
Speaker 3 (24:52):
I don't thinect you know the answer to this question,
but I've just often wondered, you know, what what happened there? Well,
why did she leave? And I know they gave the
tradition no line of when she's going to spend more
time with her family. But when she was brought into
that position, everybody was like, Wow, this is this is
a great hire. She's really talented. And then all of
a sudden she's gone, yeah, and.
Speaker 5 (25:12):
I mean, I don't know any more insight and I
know her. Her official answer was that she wants to
spend more time with her to treate aced daughters with
her mother, who lives in California, and that, you know,
she had said to the Business Journal when in the netlinks. Now,
so that's the way the world is at this moment.
The state needs someone in this role who can see
one thousand percent in and she's been one thousand percent in.
(25:35):
But the challenge is that when she does that job,
it doesn't leave a lot of room for anyone else
anything else. So that was the answer that she's that
she's given. You know, whether there's there's more behind the scenes,
that's not something that I personally am aware of. But
you know, she's she's really been, Uh, she's had a
pretty big impact. She you know, helped shepherd that four
(25:55):
billion dollar economic development bill through the state legislature. Re
upp funny field life science industry kind of helps shape
these new the new programs around clean energy, trying to
make it more of a clean energy hub, artificial intelligence
and all of that.
Speaker 3 (26:13):
All right, jess Ala, we hope you enjoyed your visit
to the dom Englo Business Report this morning. We enjoyed
chatting with you, thanks to so much. Up next, well,
not up next. A little bit later in the program,
Kim and I we're going to talk about streaming. Are
you streaming more? Are you over the age of sixty? Well,
the answer to that is probably yes you are. We'll
explain why in a moment.
Speaker 1 (26:36):
Kim and Joe will explore more business news that impacts
our New England economy when they return.
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of working your tailoff? Congratulations, you worked hard to build
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you break through the nonsense and financial speak so we
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As you know, nothing gets built without a set of plans,
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Speaker 3 (28:46):
All right, welcome back to the New England Business Report.
On this at June the twenty ninth, Joe Shorts, Kim
Kerrigan here with you, and this is the spot on
the program where we pick out that other story that
sort of tickled our fancy, so to speak. And this
was a round in Boston last week and they're talking
about those Waimo driverless cars. Now they're not necessarily here
(29:07):
yet in Boston, but you know, I have friends out
in the West Coast who are in these in Santa
Monica and San Francisco, and they've been using them for
a while now and they like them. Well, I guess
it's sort of a it's like going to a theme
park or something. It's like, you know, people are just
it's a weird experience. But you know, I mean, for
the most part. I haven't been a lot of problems
(29:30):
with these vehicles or these drivers vehicles. But anyway here
in Boston, of course, of course, no, no, no, no,
can't have that. So we had a rally here last week.
Unions from across the state came to the State House
last Tuesday to protest a pending bill allowing WAMO and
other driverless vehicles in Boston. Have you ever done it, Kim,
(29:52):
I have not.
Speaker 2 (29:53):
Listen, I totally get why people are not hype up
on this in Boston, and I can see where it
would really work on the West Coast. I mean, you
have bigger highways, you have more highways, you don't have
these little windy streets that people who are driving cars
have trouble Matt navigating.
Speaker 3 (30:10):
Yeah, I suppose.
Speaker 5 (30:11):
I don't know.
Speaker 2 (30:12):
I find a little strange, Joe, because they say that
they're driverless. But right now this bill would include a
safety person in the car. Well, why doesn't that person
just drive? I don't understand that.
Speaker 3 (30:26):
H A spokesman for Weymol said in an emailed statement,
we strive to be good neighbors in the cities where
we operate and be a positive presence in Boston Uh huh.
We'll see, We'll see. It'll be decided on Beacon Hill.
All right, Kim, let's turn our attention now to education
as it relates to our business economy here in the
(30:48):
state of Massachusetts. And there's somebody who's well, it's a
very familiar name. He's Tim Murray, and I'm sure we
all remember he's Lieutenant Governor of the Commonwealth from two
thousand and seven to twenty thirteen. Today he's the president
of the Worcester Regional Chamber of Commerce. And Tim's all
around good guy, very involved in the central Massachusetts and
the economy. Now, Tim, you're involved in this issue that
(31:11):
has to do with public vocational technical high schools. Explain
to our listeners what's going on.
Speaker 12 (31:17):
Yeah, well, you know what's the Regional Chamber of Commerce.
We represent twenty one hundred businesses and organizations, and you know, Joe,
on a daily basis, the single biggest issue we talked
and listen to our member businesses is the need for
well trained, well educated workforce and a major component of
that and what the employers consistently say is they want
(31:38):
more vocational technical school graduates. And it's arguably the most
positive story that exists today is when we talk about
public education in Massachusetts because of the success that our
VOKEE Tech schools have had over the last twenty years,
and really inexplicably, the Healy Drischool administration is really is
(32:02):
turning the system which has been so successful on its
head by imposing, you know, through the Board of Education,
a lottery system that basically says that you know, hard
working students who are in the seventh and eighth grade,
who work hard, you know, play by the rules, do
what we ask them to do in school, which is
(32:24):
to show up, have good attendance, good grades, good behavior.
You know, they now are just you know, put in
a lottery system with somebody who could have up the
twenty seven unexcused absences, have discipline issues, including felony issues,
could have you know, terrible grades, and they both now
(32:45):
have equal opportunity to go to a limited.
Speaker 6 (32:48):
Number of seats in a vote tech school.
Speaker 12 (32:51):
And it's really creating and pitting students against students in urban,
suburban and rural areas when the answer is right in
front of us, we shouldn't be having kids on any
waiting list because there's a waiting list of eleven thousand
students that want to go to vote tech Chapter seventy
four programs across Massachusetts. We should be focus on providing
(33:12):
universal access, universal access to vocational technical education, not rationing it.
Speaker 2 (33:19):
Well, Tim, I have to assume that universal it doesn't
exist because of cost. Is that right?
Speaker 12 (33:26):
That's a factor, Kim, But I think it also there's
an opportunity to create capacity. Back when I was Lieutenant
governor with Governor Patrick, we created a program called the
Capital Skills Grant Program, and the Governor Baker and Lieutenant
Governor Heally continued it in both instances, working closely with
the legislature, which is a targeted grant program that allowed
(33:49):
it not allowed not just the regional vocational technical schools,
but our traditional high schools, the comprehensive high schools to
add these Chapter seventy four programs. They could build out
a room, buy equipment, maybe make a small addition. And
so we've added fifteen thousand seats over the last fifteen
years Chapter seventy four seats with these limited targeted grants.
(34:13):
What is so inexplicable today is kind of the lack
of leadership that we've seen on this issue from the
governor's office while they're tinkering with the success. Instead, they
could have been saying, look, we are going to take
the fair share tax revenue, the millionaires tax, and we're
going to eliminate this vote tech waiting us across the
(34:34):
state by doubling down on these grants, by working closely
with the school building Authority to do this expansion. The
money's there now, it's been there for the last couple
of years, and there's no better return on investment in
this form of education. Like when you think we have
these conversations about how do we get our young people
(34:54):
work ready, how do we get them off their phones,
how do we get them to be more confident, how
do we make them more success ul and resilient in life?
These Chapter seventy vocational technical programs will require them outside
of their academics, to spend up to one thousand hours
in an industry area. It could be biotech, it could
be culinary, It could be the building trades. It could
(35:17):
be you know, finance and marketing. It could be a
vet tech program. It could be you know, machining and manufacturing.
There are almost fifty sixty Chapter seventy four vote tech
programs exist, and these kids graduate from high school not
only with the high school diploma, but in industry recognize
credential and so guess is a little bit more of
(35:37):
a cost to it, but the return on investment for
these individuals, their families, and our employer community, it's the
best money we could make. And so this is why I,
like many, I'm so frustrated with this decision made by
Governor Heally and her team that ignores what educators say
(35:57):
in this field. You know, if we have five and
vogue tech educators across the state administrators who all say
that this lottery system that they're imposing is a mistake,
that we should be focusing on expanding and we've got
ways and the means to do it.
Speaker 3 (36:12):
Talking with Jim Murray, of course is the president CEO
of CEO of the Western Regional Chamber of Commerce, Well, Tim,
you know, how should we decide who gets into these
programs if we don't use a lottery system?
Speaker 12 (36:25):
Well, I mean again, because as Kim pointed out, the
taxpayers pay a higher form of pay a little extra
for a VOKEE tech education. We want to make student
make sure that there are students who are going to
number one know what they're getting into and be serious
about it and then graduate from these programs. Joe, what
we've seen unfortunately, and again this is an example of
(36:45):
the governor and her team ignoring the evidence that in
communities where they.
Speaker 6 (36:49):
Have put some of these qualifyed lotteries.
Speaker 12 (36:51):
In, students are leaving. You know, students drop out maybe
the end of their sophomore.
Speaker 6 (36:56):
Year or their junior year.
Speaker 12 (36:57):
You can't then backfill those positions because you can't make
up the hours that they're required to spend statutorily under
Chapter seventy four program on that particular trade or focus area.
So I had one teacher called me from a community
outside of Boston to say, you know, we used to
graduate twenty twenty four CNAs Certified Nursing assistant. Since we
(37:19):
get to this qualified lottery, we are sometimes half that
number because students might leave at the end of their
sophomore junior and we can't backfill the position. And so
then what happens the employer community where those employees were
doing their co ops and then going on to work
to have less of an employee pool in a sector
we desperately need in healthcare. So this is again another
(37:41):
reason why it's so short sighted. They haven't listened to
the experts, the educators and administrators who do this work
every day, and are not listening to employeers who desperately
need more vogue tech crads.
Speaker 3 (37:53):
Tim, We're running out of time here, But how what
do you want folks to do? What do you want
listeners to do? We got about forty five seconds.
Speaker 12 (37:58):
Yeah, I got We need listeners to call their state
reps and state centers and support legislation that's in the
budget conversation right now that would put a stop on
Governor Heally's proposal to do this lottery and create a
statewide task for us to look at vokee.
Speaker 6 (38:14):
Tech education in the future.
Speaker 12 (38:15):
You know, I've been involved in this issue as a
city councilor, as mayors, lieutenant governor now representing twenty one
hundred employees in central mass We need to be expanding
vote tech dramatically, not rationing it.
Speaker 3 (38:26):
All right, He's Tim Murray and the website.
Speaker 12 (38:27):
Here, Joe, go to the website m voke tech, mavoc
Tech Coalition dot org, m a vote tech.
Speaker 6 (38:35):
Coalition dot org.
Speaker 3 (38:36):
That's right, Okay, he's Tim Murray's the former lieutenant Governor
of the Commonwealth. Thanks very much for sharing this important
issue with our listeners today.
Speaker 2 (38:44):
Well, Joe, let's talk a little bit more about some
of the needs of employers these days and the importance
of directing students to enhance their durable skills. Now we're
talking about communication, collaboration, and problem solving, all of this
to make kids more marketable in the current job market.
Speaker 4 (39:00):
Mike, you're not.
Speaker 3 (39:00):
Talking about college, right, Well.
Speaker 2 (39:03):
We're talking well, we know what that costs, right, So no,
but you know, we want to talk to Mike Bauer.
He is the chief operating officer of the UP Education
Network in Dorchester and Mike is here to tell us
about this really unique program that they're doing with young
kids and businesses like Dell and Suffolk Construction and PTC
(39:26):
just to name a few. Mike, great to have you
with us. And the first thing I want to ask
you really is to tell us about up Education.
Speaker 11 (39:33):
Yeah, yeah, thanks for having me on.
Speaker 6 (39:37):
Education Network.
Speaker 11 (39:39):
Is a non for profit and we partner with Boston
Public Schools and the state to manage schools and we're
currently we manage two schools in Dorchester that are pre
K through A and serve about thirteen hundred kids.
Speaker 3 (39:58):
And what is your goal, I mean, what as your
agenda as it relates to preparing these kids for the future.
Speaker 11 (40:05):
Yeah, I mean, ultimately, like our mission, as our mission
and vision as an organization is to set kids up
for a life of agency and choice. We do that,
and like in our missions or envisioned statement, we want
to make sure that we're cultivating our kids' sharp minds,
(40:27):
kind hearts and allowing them to explore their pass and potential.
Speaker 2 (40:31):
Are the kids who are in this program do they
have to to try out? Are there certain you know,
skills they have to have prior to getting in? Or
these kids just lucky enough to attend these schools and
this program exists.
Speaker 11 (40:43):
We are these these we are public schools, part of
the Boston Public school System, and so the kids do
not have to apply, do not there's no free requisite
to get into these schools. And so the kids that
come to our schools though, do get to take part
in this program that we've created.
Speaker 3 (41:05):
Also, Mike, tell us about the private companies, the private
businesses that are working with you.
Speaker 11 (41:12):
Yeah, sure, we have. We have about fifteen companies that
we've partnered with, you know, to name a few of them.
We have bit Site Toast Dell, Suffolk Construction, PTC, Rapid
seven Pillar venture capital firm. There's a number of other
(41:32):
ones on their Craft Analytics group, and these companies partner
with us and collaborate with us to create immersive experiences
for middle school kids to learn about the company and
essentially work on something collaboratively with the companies so they can,
(41:56):
like what you mentioned before, learn about the company, but
also enhance and improve their durable skills.
Speaker 2 (42:04):
Why do you think durable skills are so important for
these kids to enhance as they look forward to, you know,
their futures.
Speaker 11 (42:11):
Yeah, I don't think with you know, AI and the
future of work. I mean, I think there's a lot
of unknown and I think even more importantly, like what
people will actually be doing, what technical skills will be
needed is a question mark. But we do like we
(42:33):
we believe very strongly that having durable skills to that
include communication, problem solving, teamwork and collaboration will be even
more important to help navigate the world that is really
going to be unknown.
Speaker 3 (42:50):
Talk with Mike Bauer. He's the chief operating officer of
UP Education and the Spring to Dorchester Public Elementary schools,
UP Academy Dorchester and UP Academy Holland partnered with nearly
twenty local businesses. I guess might at the end of
the day, how do you gauge your success?
Speaker 7 (43:07):
Yeah, we are.
Speaker 11 (43:08):
Working on that longitudinally because our kids leave us in
eighth grade and you know, ultimately, you know, we want again,
we want them to be set up for a life
of agency and choice and achieve social and economical mobility.
But for now we're working on how to measure short
and longer term. But for now, success for us is
(43:30):
really around three things. That kids are gaining access and
exposure to high powered careers in industry, mostly STEM related.
Kids build durable skills that will translate into success in
any job of the future. And we want them to
build social capital and start networking at an early age.
And so those three things, you know, are things that
(43:52):
we measure. We can measure access and engagements, but the
longer term, longitudinal measures or things we're still uh trying
to work on.
Speaker 2 (44:02):
And Mike talk to us again about these businesses and
what the no pun intended upside for them being involved
in a program with children who are so young, What
what's the upside for that.
Speaker 11 (44:13):
I think there's two main upsides that we've seen. First is,
you know, uh, this is like a longer term play
for kids, like like for for uh employment. Now, they're
not gonna see the effects of this for you know, years,
because kids are gonna have to go to high school,
maybe go to college as well, uh and then like
(44:36):
start employment. But this is a you know, a long
term potential uh human capital recruitment plan. I think the
second thing that we've seen more acutely is it's like
a really awesome employee engagement activity. But the the the
joy and the experience for the companies to interact with
(44:56):
kids that they don't normally get to interact with. See
the joy that the kids have when they're coming and
experiencing and doing things alongside these companies has been really
really powerful, and we've got a lot.
Speaker 12 (45:08):
Of positive feedback from these companies about that.
Speaker 2 (45:11):
Well, Mike, it seems like a fantastic program. We wish
you continued success. These kids are lucky to have this
kind of exposure, and I'm sure these companies feel the
same way. All right, Mick, thanks again. Up next, are
you streaming more shows than watching on broadcaster cable.
Speaker 3 (45:26):
Joe, I am.
Speaker 2 (45:30):
New report says you are. That's coming up next.
Speaker 1 (45:39):
You are listening to the New England Business Report on
the Voice of Boston WRKO six'. Eighty joe And kim
will be right.
Speaker 9 (45:47):
Back are you a brother or sister of one Of
Greater boston's local trade unions and finally thinking about getting
ready to hang up your tools after thirty five years
of working your? Tailoff, congratulations you worked hard to build
your retirement nest. Egg but now What let me help
you break through the nonsense and financial speak so we
can get to the questions that are important to. You
as you, know nothing gets built without a set of,
(46:09):
plans and neither will your financial. Future my name Is Mike,
Marshall president AND ceo Of Marshal Wealth management and creator
of The Marshall, plan a comprehensive customized plan that will
help you answer important questions in all seven key. Areas
you don't have to do it. Alone there is no
cost or. Obligation call us at eight five seven three
four two ten. Thirty that's eight five seven three four
(46:32):
two ten. Thirty well check us out online At marshalwealth dot.
Com marshall with Two, Els marshalwealth Dot.
Speaker 10 (46:39):
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Registered Investment. Advisors securities offered Through Lincoln Investment Broker Dealer Member, FINRA,
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No, Hi, Everybody I'm Kim kerrigan And I'm Joe.
Speaker 3 (47:55):
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Speaker 3 (48:36):
And welcome back to The New Engo Business report on
This sunday. Morning and you, know, Uh, kim this next,
STORY i don't, know it might be one of my,
favorites and it just was a headline that really jumped
out of, me maybe Because i'm one of the people
that they're talking about. Here but it has to do
with streaming and traditional television and cable television and how
much of each we're all. Watching, well it turns, OUT i,
(48:58):
guess for the first time, ever we are streaming more
than we're watching cable or traditional.
Speaker 2 (49:05):
Television i'll tell you WHY i was so surprised by, This,
joe BECAUSE i would have thought DURING covid we would
have all been streaming more than we were watching traditional
television because there was no new programming at. All SO
i really do think this is.
Speaker 3 (49:19):
Fascinating, yeah, WELL i think what, Happened kim is that
us old, folks AND i shouldn't put you in that.
Category i'll put myself in that. Category we finally figured
out how to do. It you, know we got our
kids to teach, us so now we know how to do,
it and we're coming in. Droves, apparently let's talk us
Bringing Don. Seiffert he, is of, course the managing editor
of The Boston Business. Journal he plowed through this, report
and this story comes from The Nelson Rating, service The
(49:42):
Nielsen Rating service, company And, don welcome to the. Program
thanks for plowing through the report for. Us what does it?
Speaker 6 (49:48):
Say it says that streaming hit a forty four point
eight percent of people who watched who WATCHED tv did
it through streaming in the month Of, may and that's
the first time that that has ever beat the combined
broadcast and cable. Score it's only like a few percentage points,
higher but it's a it's a. Milestone as he, said
(50:10):
it's like the first time that that that streaming has
ever has ever beat you, know both both of the
more traditional ways that people WATCH, tv AND i totally.
AGREE i, Mean I'M i THINK i would probably put
myself in the uh In joe's old old people. Category that,
like we finally figured it out honestly ourselves and cut
the cable court just a couple of months ago in
our house because now we know how to do. It,
(50:32):
really you.
Speaker 3 (50:34):
Tell us about that, Decision, UH i, mean.
Speaker 6 (50:36):
We had been talking about it for, years, honestly and
it's just it was a matter of trying to figure
out how to get all of THE tv that we
want to. Watch you, know my wife wants to watch,
tennis just so we need The tennis.
Speaker 5 (50:46):
Channel.
Speaker 6 (50:47):
Uh you, know we Need bravo for all the reality
shows that that she likes to. Watch you, know we
obviously Want netflix and some of the other stuffs. Sous
trying to figure out all of that was, difficult and,
honestly you know that's why it took so. Long but
but you, know the prices for cable keep going up
and up and. Up by the, end we were paying
more than three hundred dollars a.
Speaker 2 (51:06):
Month.
Speaker 6 (51:06):
Uh you know that obviously that Includes Wi fi and other.
Speaker 3 (51:10):
Staffs so what are you saving what are you, Saving
well about.
Speaker 6 (51:13):
Eighty, bucks so you know a significant, amount about a
quarter quarter of what we're what we're.
Speaker 2 (51:18):
Paying, well let me ask you, this Don can you
get Local the big important thing for us here would
be can we get local?
Speaker 3 (51:23):
News?
Speaker 6 (51:24):
Yes On, HULU i believe is how we is how
we do. This i'm still trying to see. Yourself we signed,
out we signed up for for The hulu twus AND
i think it's a little more than one hundred. Bucks
and that gives you pretty much all all the, yeah
the local news stuff that we need to.
Speaker 3 (51:44):
Watch you did it or your wife did?
Speaker 6 (51:45):
It come, on, don, well wee kind of did. It
it's my eleven year old played a big, PART i think.
Speaker 3 (51:53):
You, yeah, okay, WELL i. Thought the interesting thing about this,
is and we've talked about it a little, bit is
that the older, folks you, know finally came late the game.
Here but if you look at that report That neilsen put,
out they also say this may be a temporary blip
and that things may change all that. Too, yeah tell
us about?
Speaker 6 (52:10):
That, well, YEAH i mean they say that they said
it's likely to switch, back and the reason, is you,
know like maybe it'll stay this way for the. Summer
but in the, fall when everybody watches football, again good
chance that people that broadcast is going to inch up.
Again BUT i think it seems to you, know it
seems to suggest that at some point this is going
to become a, permanent you, know a permanent, trend and
(52:31):
then streaming is going to eclipse both broadcast and cable.
Forever and you, know much like you, know online media
kind of ecllapsed print, media you know years. Ago, uh
it's gonna it's gonna keep on going in that. Direction you,
know fewer and fewer people are going to be on
cable and, broadcast more and more on.
Speaker 2 (52:50):
Streaming, well you, know don one of the THINGS i
thought was so interesting is that the biggest day in
streaming history Was Christmas day twenty twenty, four because there
was TWO nfl foototball games that were streamed that. DAY i,
mean isn't it amazing the power of? Football let's just
start there showing.
Speaker 1 (53:06):
Out.
Speaker 2 (53:06):
Yeah but what's interesting is, that you, know the THE
nfl has has sort of figured this, out and they
are they have entered this streaming, game AND i think
as long as it's profitable to, them they may keep
going that, direction don't.
Speaker 6 (53:21):
You, yeah as long as they can make. MONEY i, mean,
OBVIOUSLY i mean football has been probably the saving grace
of broadcasting cable for for years. Now it probably has
uh has prevented it from from declining. Faster but but
obviously now that now that THE nfl and other sports
leagues are are embracing, this then it's gonna it's gonna
(53:43):
keep on moving in that. Direction AND i, mean you,
KNOW i mentioned tennis. BEFORE i, mean we we watched
tennis actually more than we watched any other sports. Here
so you have The tennis, channel and you, know and you,
know we we've now figured out the streaming on tennis
and and you can pretty much watch all of the
big games and all the big matches that way, now
and it's you, know there's no reason to pay for
(54:04):
The tennis.
Speaker 3 (54:04):
Channel Don Ceipher targassi's the managing editor of The Boston Business.
Journal we're plowing through this report by The Nelson Rating
Company Nielsen Rating. Company who's the big winner on the streaming?
Side Don, yeah THAT i.
Speaker 6 (54:18):
WAS i was asking myself, that AND i did some,
research and it looks like there are two big, winners
and it depends on how you look at. It, obviously
in this in this report that came out From, nielson
it talks about YouTube as being as being the you,
know the biggest of all the streaming. Networks they have
twelve point five percent of all the. Viewers you, know
(54:39):
the streaming as a whole is you, know forty five,
percent so they're about a quarter of all the streaming
is on. YouTube so by that, measure they are they
are doing the. Best AND i, mean but they have
a slightly different model than you, Know netflix And Disney
plus And. Hulu you, know obviously they they are sharing
(55:00):
the revenues with content creators about making their own. Content
SO i DON'T i don't know exactly what the revenue. Is,
obviously YouTube is part Of google And google as a,
whole you, know the whole giant conglomerate of all kinds of.
Revenue but so if you look at it in terms of,
REVENUE i would Say netflix is a big. WINNER i,
mean they you, know they are second to YouTube with
(55:23):
seven point five percent of the of the. Audience but you,
know they have you, know LIKE i think four years
ago there were what we call the streaming, wars where
Like Amazon prime and And, hulu and you, know everybody
was trying to make their own, show And netflix emerged
from all THAT i think pretty much the. WINNER i
(55:43):
think everybody at this point agrees That netflix won those streaming.
Wars they you, know especially they they are subscribers really
took off after they started cracking down on passwords In
may twenty twenty. Three they've added like fifty million new
subscribers since. Then their revenue last year was thirty nine.
Billion that's up sixteen percent in the previous. Year SO i,
(56:05):
mean they're they're making money more probably on this than
any of these other.
Speaker 2 (56:09):
Companies, yeah and they have a lot of original programming
there on network On, netflix which is interesting as, well
because you have it's almost.
Speaker 6 (56:18):
You, know you can't you can't cut the cable cord
without you, know signing up For. NETFLIX i don't, think,
right you, know you're you're missing too, Much.
Speaker 2 (56:26):
You're so, right. TRUE i, mean Like paramount and some
of Those peacock they're they're rerunning some of the broadcast side,
stuff which is again that's how how if you're going
to cut the, cable that's how you get. It you,
know you go to those streaming But, NETFLIX i just
think about how much money they must invest in their
content to be making so much.
Speaker 6 (56:44):
Money, yeah, yeah they, YEAH i mean they. Are they
are putting, up putting up tons of new, programs but
they're still making. MONEY i mean they are more profitable than,
anyone you. KNOW i mentioned you, know their their revenue
last year is thirty nine. Billion their niate income was
eight point seven, Billion so you, know they are Making
they are making a decent margin of like more than twenty.
(57:04):
Percent AND i think on one of their latest earnings,
call they said that they that they expect someday to
be making you, know the same as broadcasters used to,
make which was like thirty to forty.
Speaker 3 (57:16):
Percent all, right he's A Don. Sivert he's a managing
editor of The Boston Business journal and a good guy
to help us plow through that latest ratings. Report thanks
for joining.
Speaker 2 (57:24):
Us and that's going to do it for this edition
of The New England Business. Report we hope everybody has
a Great fourth Of july week and a safe. One,
joe enjoy every.
Speaker 3 (57:33):
Minute, yes thank, you we.
Speaker 1 (57:35):
Will we.
Speaker 3 (57:36):
Will we'll be down here on the cape watching the. Fireworks.
Speaker 2 (57:39):
Fantastic we're going to be back Next sunday with some
of our favorite conversations that we've had in the last
couple of, months including a chat with Former Boston Mayor Marty.
Walsh that's right here on The New England Business report
Next sunday at eight am on The voice Of boston
W RKO am sixt eighty
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