Inside Boston: Real Estate Shifts, Fall Referendums, and Summer Business Trends

On today’s program, we speak with former congressman Mike Capuano about the possibility of selling well-known federal buildings in downtown Boston. Grant Welker reporter with the Boston Business Journal shares the top stories of the week. The executive director of the Pioneer Institute lays out two possibilities for referendum questions in the fall of 2026. The vice president of marketing for the Chatham Bars Inn talks about the summer season.  And finally the founder of Evolv Technology in Waltham explains the business of keeping people safe.

Episode Transcript

Speaker 1 (00:00):
This is the New England Business Report with Joe Shortsleeve
and Kim Carragan, a weekly roundup and discussion of the
top business news impacting our New England economy.

Speaker 2 (00:09):
And good morning and welcome to the New England Business
Report on this Sunday morning, that would be August the
twenty fourth. Joe Shortsleeve here with you on this Sunday morning.
Kim Carrigan, Yeah, she's got the week off. How about that, huh?
But if she were here, she'd be saying something along
the lines of oh no, here we are in last
week of August. Of course, our last show in August

(00:31):
will be next Sunday, the thirty first, But then that's
followed by what Monday, Labor Day, September first. As my
buddy there at Channel four for all those years, the
weather guy at Carol would say, Yep, at this point
we are carving pumpkins the New England Business Report. I'm
here this morning and we actually have some pretty interesting
topics to kick around. You know, this whole story about

(00:54):
possibly selling some of the federal buildings in downtown Boston,
talking about the jailk the tip O'Neil, the McCormick, they're
all apparently on the table at this point, a federal
committee is trying to decide what to do. Now, on
one hand, you kind of look at that and you go,
is this just you know, the Trump administration's matt at

(01:15):
Massachusetts or you know, I guess a lot of these
buildings are basically empty, or not not empty. Let's not
say empty, but half empty, I guess, is what they're saying.
So there is a legitimate concern there. So what are
we gonna do. We're gonna talk with former Congressman Mike Capijuano.
You remember Mike, a great guy. He was, of course
the congressman from nineteen ninety nine to twenty nineteen from

(01:37):
the Cambridge A Summerville area, and then he lost in
a Democratic primary to Aana Presley in twenty nineteen. But Capuano,
always a guy that I went to when I was
working at Channel four for all those years, is on
this committee. So he's going to give us a straight
scope here in terms of what's going on. Is this

(01:59):
a reality? Could these federal buildings really be auctioned off? Okay,
then we're gonna be talking with Grant Welker. He's a
reporter with the Boston Business Journal. You know, folks talk
about healthcare costs all the time, right, and nobody nobody's saying, oh,
aren't they great? Right, It's like, are you kidding me?
And then you have insurance and it doesn't seem to
ever pay for anything. So there's a story in the

(02:21):
BBJA at the Boston Business Journal this morning about pay
for these CEOs. So buckle up. Yeah, it's not going down, right,
that's going up. So talking grant about that. And then
you get another story that struck my fancy, and it
has to do with this major redevelopment going on in
Morrissey Boulevard. Now you're talking to a guy who spent
ten years on Morrissey Boulevard. I went to Boston College

(02:44):
High School there, graduated in nineteen seventy five. Don't tell anybody,
but that was fifty years ago. Fifty years ago? Are
you kidding me? Anyway? So then I went out and
I went to Holy Cross, and then I went across
the country to Illinois to work in television. Then I
went to North Carolina and worked in television, and I
was in Connecticut. Then in nineteen eighty four, I came
back to Boston and where was I. I was right

(03:06):
there on Morrissey Boulevard at Channel fifty six at ten
o'clock news with Jack Hines. That's where I was right.
That's the building, the building I was working, and that's
the one that is now going to be this high
rise on Morrissey Boulevard. So we'll talk to Grant welcome
all about that. He's going to talk a little bit
about what's the latest with Market Basket and all that
drama there.

Speaker 3 (03:26):
And then we're going.

Speaker 2 (03:27):
To be talking with the Jim Sturgis. And Jim's been
around for a long time, you know. He is, of
course the executive director of the Pioneer Institute. They, of
course are a Republican think tank. And okay, so it's
twenty twenty five, but in twenty twenty six, we're going
to have these ballot questions that we can vote on, right,
you know, but they're starting to take shape now, and

(03:48):
a couple of these things, a couple of these possible
ballot questions are being drummed up there at the Pioneer Institute.
Jim will tell us about them. One has to do
with the whole idea of cutting the income tax anybody
in favor of that, raise your hand if you're in
favorite cutting, okay. And then the other is establishing a
trigger for the state to give refunds to the citizens. Anybody,

(04:10):
anybody in favor of that? Okay, you know, honk your
horn if you're in favor refunds. Anyway. So those are
a couple of topics that they would like to get
on the ballot in twenty twenty six. Now it's a
long way from here to there, right but anyway, and
then we're gonna go at the Chatham bars In. Yeah,
the five star resort out there. We're gonna be talking
with Courtney Lowe. He's the vice president of marketing for

(04:30):
the Chatham bars In. Is there a better job than that?
Let me see, you know, wake up and you're the
marketing anyway. Now, they're a restaurant there, the Beach House
Grill back in June was named the best one of
the best waterfront restaurants in the country. So we're gonna
talk to him about the whole business side of that.
Does it really make a difference at the bottom line?

(04:51):
Any bed on this year the next, and they're staring
down the end of summer, so we'll find out what
those numbers look like as they start to roll in
to fall down on Cape Cod and then find we're
going to hear from the founder of Evolved Technology, Anil Chitkara.
All right, let's talk about this whole idea of selling
those buildings in downtown Boston. I'm talking about the federal buildings,

(05:11):
you know, JFK, the Tiple O'Neil building. A lot of
chatter about that, but there's somebody here who knows exactly
what's going on and knows, you know, has a pretty
good idea of what might happen here as well. He's
former Congressman Mike Capuano, all around good guy. Of course,
Mike was in Congress from nineteen ninety nine to two

(05:32):
thoy nineteen, some twenty years in Congress, and since then
Mike has been busy with various other duties. So Mike,
I understand that Biden appointed you to this this committee,
this committee which I guess is called the Public Building
Reform Board. So give us the skinny here. What does
this board do and how does the JFK and the
Tipleneil play into it.

Speaker 4 (05:53):
Well, back in twenty sixteen, Congress had a bunch of
hearings of that year. The Committity I was serving all
the time. How buildings in the federal the federal governor owns,
how they what are we doing with them? How do
we maintain them? How do we change them around? How
do we keep them up to modern standards? How do
we dispose of buildings we no longer need. It's that

(06:14):
all the typical things any business should be looking at
the regular basis, and we determined at the time that
the bureaucracy had just been built up over the years
to kind of make it very difficult to do some
of these things. And so we decided to create this
board kind of was a way to look at it
and to make recommendations about what which, if any buildings

(06:35):
around the country we thought we're should be considered for disposal.

Speaker 2 (06:40):
M okay, So why why these three why these three
big names here? McCormick analogy.

Speaker 4 (06:46):
I mean people have to understand, I mean work has changed.
Everybody knows that with remote work. Nobody thought they'd be
that kind of remote work five years ago, twenty thirty,
fifty years ago. That's changed. The workforce has changed, the
type of building has changed, the the the expectations of
any workforce for the quality of workspace they have has changed.

(07:10):
So I mean that that's why these buildings are well.
Particularly McCormick is old, the JFK is reasonably old, and
the building is moderately. We all know that the government,
any government, has a hard time keeping buildings up to date.
H fixing the elevators, fixing the h v A C.
You know, those types of things. There's no economic benefit
to doing it like there is in private enterprise. Private enterprise,

(07:32):
you fix the elevators to keep them updates. You can
charge more rent in the fetial building if you if
you keep them up to get a hearty handshake and
thank you. And of course, Congress, when it comes to
spending money, we always have other priorities, priorities that seem
more pressing it the need for conservatives. It would be
tax cuts for ribberls, that would be adding more programs,

(07:53):
you know, and anything and everything in between. So that's
not to be I don't think that should be surprising. Uh,
These picular buildings are less utilized than they once were.
Some of them were up to no more than thirty
percent being used in any given day. And again part
of that is because the workforce has changed. Part of
that is because a lot of it is remote.

Speaker 3 (08:12):
Part of that is.

Speaker 4 (08:13):
Because some of the workforce is not even supposed to
be in the oppoice. It's supposed to be on the
field doing the things in the field. So that's some one.
Number two is some of these buildings that are kind
of that, they're in serious need of lots, hundreds of
millions of dollars of repair, and the thought comes is
maybe we should be consolidated, Maybe we should be considering
either moving or maybe leasing or whatever. I mean, those

(08:36):
are the things we're considering at the moment.

Speaker 2 (08:38):
All right, Well, so the like that sounds like you're
laying on a plan here that suggests that that, in fact,
some of these buildings could be sold or whatever. What's
the lot I mean, JFK is a lot of what
I've been hearing about in terms of being empty.

Speaker 3 (08:51):
So what's it is?

Speaker 4 (08:54):
It's reasonably empty, but it's also in need of serious repair.
It's also a great location. So I mean, that's why
we're trying to figure out what is the best use
of federal dollars. And it's not just in Boston. It'd
be real clear it's across the entire country. Boston just
one of many places we are looking. And that's what
we're trying to consider, that what does it cost to
bring these buildings up to code? How many squifty do

(09:16):
we really need? And even then some of that may change.
Who knows what the workforce is going to be five
years from now. We have to make the same guesses
and assumptions that the people in private market do. We
have a lot of people in the in private enterprise
that we're using. This contract is to try to help
us work through and see those types of scenarios in
a realistic way.

Speaker 2 (09:35):
I go to former Congress of my cap you want
to about these buildings in downtown Boston. Of course, remember
the Public Building Reform Board. Okay. In terms of taking
this personal, okay, I mean some would say that the
Trump administration has a targeted Massachusetts, But it sounds like
when I'm listening to what you're saying, that's not the
case that we shouldn't take this personal.

Speaker 4 (09:56):
No, this board's been in place since twenty sixteen, really
get up and running until about twenty eighteen, twenty nineteen,
So no, this has nothing to do with it. And
I know that in today's world, we have often been
confused with doge and the current approach to its selling
everything and firing everybody. First of all, anyone who knows
me knows that's not the world I would ever work in,

(10:18):
and Nomber too, that has nothing new with it. I
consider myself a pretty good progressive by any measure of
the term. But no good progressive should be in favor
of waste in government. We could argue, if we saved
one hundred million dollars, what should we do with it?
That's a fair question, But no one should want to
waste one hundred million dollars on a building that no
longer deserves to have money spent into it. So I

(10:41):
don't see it that way. This has nothing to do
with how many people work for the federal government. This
has nothing to do with what they do. It is
simply looking at the structures that they work in and
whether they are being used efficiently. That is all it is.
Is No, there should be no philosophy involved in it,
and certainly I wouldn't be involved. And who has anything
other than that?

Speaker 5 (11:00):
Right?

Speaker 2 (11:00):
Well, so when does the next shoe drop on this topic?

Speaker 4 (11:02):
Not for a little while. Our next report's not doing
until the end of next year. We just had to
report out that they head I think it was eleven buildings,
maybe twelve around the country, including one in Boston, the
Coast Guard building over by the old jay Hook Cume Lobster,
the place on an Atlantic ev We just recommended that
building get sold. Now again, it does take time. The

(11:23):
building is occupied. It's just very old and very underutilized,
and it takes time to then take It's mostly Coast Guard,
not exclusively, it's mostly the coast gut of there. We
need to move them out. No one's losing their job,
is going to move to other buildings, and that's going
to take some time. And then we have to sell
the building. So even after we make a recommendation, the
recommendation has to be approved by the by the administration

(11:44):
of this case, they happen to be the Trump administration,
but the Biden administration made it accepted an early recommention
of other buildings, and it has to be accepted and
then it has to be acting on it.

Speaker 5 (11:54):
All.

Speaker 4 (11:54):
It's takes a few years. So that building, though it's
on the market to be sold at some point, it's
not up to sale yet. We have to move people out.
That just takes some time.

Speaker 2 (12:03):
Talking with a former congressman my cap you want, of course,
a congressman fromnineteen ninety nine to twenty nineteen. So Mike,
I'm going to leave you with you know, give us
a parting thought here, what's the state of the Democratic
Party today? And how do you see it and how
do you see it evolving?

Speaker 4 (12:19):
Well, I think the Democratic Party is a reflection of
the country. The country in some levels obviously get set
up and re elected Donald Trump get set up with
a bunch of things. The Democratic Party has to look
in the mirror and ask ourselves what do we want
to do. Do we want to know, represent working class
people and kind of move a little bit closer to
the middle, What do we want to continue moving further

(12:41):
and further to the left. And that's a discussion and
decisions that will be made by voters. To be prefertist
who votes in Democratic primaries? And if I'm one of those,
pe again, I'm a progressive, but I know that my
brand of politics will not sell in Louisiana. So if
we really want to look at ourselves as a national party,
we have to take into consideration the desires of the

(13:03):
national electorate. And I think that means we have to
refocus some of the things we have talked about in
the last many many years. For instance, I'll give you
one class example. Again, I'm a little Democrat. I've never
thought that Democrats or anybody else should ever embrace the
idea of allowing criminals to come into our country. Period.

(13:24):
That's not a liberal conservative things. I've got common sense.
I think everybody would think that. And yet somehow Democrats
have allowed themselves to be painted as we're weak on
criminal people who are here without documentation. That's ridiculous. Now,
that has nothing to do with the people many, many
millions of people who might be here undocumented. That's a

(13:45):
different discussion. But who wants to keep gang members in
this country? No one. And yet we have seeded that
field to some extent of that discussion to the other body,
therefore making ourselves look I think less than what we
are to regain some of that ground.

Speaker 2 (14:02):
Yeah, something to think about there. All right, he's my
Capuano former congressman there. I appreciate you joining us this
morning on the New England Business Report. Up next, we're
going to talk about CEO pay buckle up.

Speaker 1 (14:20):
You are listening to the New England Business Report on
the Voice of Boston WRKO six'. Eighty joe And kim
will be right.

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Speaker 2 (16:41):
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dot com and we'll get your business on the show.
Too all, right welcome back to The New England Business
report on This sunday. Morning of, course it Is august
the twenty. Fourth Joe schwartze of, Here Kim kerrigan enjoying

(17:13):
a well deserved day off in this spot in the.
Program we want to talk to our friends over there
at The Boston Business. Journal they always line up the
best business stories of the week for, us and doing
the duties this morning will Be Grant, welker the reporter
at THE. Bbj, grant welcome to the. Program. Now a
couple of these stories that you're going to talk about,

(17:35):
today they are really, well you, know they're trigger stories
to make, people you, know think about things in terms
of we're talking about hospital pay for. CEOs in your
headline of THE bbj is HOSPITAL ceo pay In? Massachusetts
soares despite financial pressures across, healthcare tell us what's going on.

Speaker 13 (17:53):
There so we found in the latest data it is
from twenty twenty, three so there is a little bit
of a blag period. There the CEOs of the largest hospital,
systems so That's Mass General, BRIGHAM U Mass, Memorial Beth
israel A he and others made substantially more that year
than they had, previously topped off By Ann klebanski At

(18:13):
Mass General brigham at eight. Million and in the period
of people always worrying about healthcare, costs whether you're a
consumer or in the hospital, end if they were able
to afford procedures or policies or, programs that's always yet
is a trigger to talk ABOUT ceo, pay especially in

(18:34):
nonprofit systems where they can add up well into the.

Speaker 2 (18:37):
Millions, yeah give us some other names on your list
here in THE bbj story in terms of what they're
making and the change that's.

Speaker 13 (18:44):
Right, Yeah So Ann klebanski was up fort At Master,
brigham she was at a billion eight. Million kevin Tabb
at U Mass sorry At Beth israel A, he his
compensation doubled to five. Million Eric dixon At UMass Memorial
health based In, wister he was almost four. Million that

(19:08):
was a twenty five percent. Increase this is coming again
twenty twenty, three shortly after a number of executives to
take a voluntary pay decrease early on in the, pandemic
and now we're seeing it bounce back to where it
would typically.

Speaker 2 (19:24):
Be, WELL i guess my question is to any of
these CEOs defend these. SALARIES i, MEAN i know that
they don't usually take your phone call when you're talking about,
Money so what sort of reaction is there any sort
of reaction to your? STORY i, mean does anybody push,
back does anybody, say, hey we deserve.

Speaker 3 (19:41):
It?

Speaker 13 (19:42):
Yeah, well so that camp would normally, say this is
kind of to defend high paying CEOs in that nonprofit hospital.
System is that someone at an, institution a for profit
institution the size Of mask Or, brigham so billions in,
revenue tens of thousands of, employees that person would likely

(20:04):
expect to make more than eight. Million In kubanski or
someone in her position had gone to another large employer
in the, area she would she would make more than.
That and that could certainly be the, case and hospitals would,
say if you want to hold onto your valued. Executives
you need to pay them market value, essentially and so

(20:25):
it's Not they would put it not in context of
a nonprofit hospital that needs to save every dollar it,
can which is also the, case but that in the
broader context of the, workplace a highly, valued TALENTED ceo
should make with the market says they're her. Worth of,
course in the other, end nursing and in patient care

(20:47):
advocates nursing, unions for, example would say that the conversation
is way too. High that a, hospital of, course only
has so much money to spend on anything and the
services they provide to pay and when you're spending eight
million dollars in this case For master Or brigham on one,
person it means that there's a lot less to go

(21:08):
around for other.

Speaker 2 (21:09):
Personnel talking with A Grant, welger reporter with The Boston Business,
journal some of the top business stories of the. Week
you know this next one is near and dear to my,
heart has to do with your headline here Massive doorchester
development gets green light to eighteen story towers to Reshape Morrissey. Boulevard, Now,
Grant i'm a kid who spent ten years On Morrissey.

(21:31):
BOULEVARD i was four years At Boston College High, school
and THEN i came back in nineteen eighty four and
started in television here In, boston AND i was at
The channel fifty six. Building Now i'm looking at your picture.
There this is the building we're talking, about, right tell
us what's going.

Speaker 13 (21:46):
On and so a lot of those, properties and for
people who are commuting in an out on ninety three
in south of the, city coming from The South, shore
they really know this. Property whether it's THAT tv station
building or the Former Boston globe headquarters right next. Door
those are the type of, properties Especially channel fifty six
where it's a smaller property with with surface, parking the

(22:12):
type of use that is not considered to use the
real estate industry parlance like the highest and best. Use
now it is something more like two eighteen story buildings
that have seven hundred and fifty four housing units on.
It in that stretch Of Morsey, boulevard whether it is
the Former Globe, headquarters or of course you go just
right up the way the Former Bayside Expo center that

(22:34):
is going to be a, huge, huge millions of square
feet of development down the. Road it's the type of
site right off the jfku maass redline stop right off ninety,
three that it's really bound to see.

Speaker 3 (22:48):
These types of.

Speaker 13 (22:49):
Uses, yeah well much more.

Speaker 2 (22:52):
Dense, YEAH i guess it makes. Sense but The globe
building was already being, renovated wasn't. It The globe folks
moved out in twenty seventeen or something like that and
had already been.

Speaker 3 (22:59):
Run it has.

Speaker 13 (23:01):
Been, yes, yes that's, right and now it's multi multi,
use largely, offices some some retail and again just a
denser type of building where something like having a printing
press On Morsey boulevard In dorchester is maybe not the
highest and best use to use that phrase. Again so

(23:21):
now The globe is printing in ton a bit south
of the, city and despite the life sciences focus of
that property is Still i'm saying life science. Is there's
a lot of vacant space these, days but that project
has filled out pretty.

Speaker 2 (23:38):
Well i'm talking With Grant welker in the last story
we'll talk about. Today grant has to do with the
headline here fired Market basket executives ordered to stay away from.
Stores bring us the latest on this.

Speaker 13 (23:51):
Saga, yes so people who are following the story would
likely Remember ARTHUR. T De, mulis The Blood, sea was
put on leave back In mayo along with some of
his longtime, executives and two of those, Executives Tom Gordon Joe,
schmidt have been very active in speaking out against the board's,

(24:17):
actions very much critiquing the turn that the board has,
taken Suspending ARTHUR. T demullis and other changes to just,
hire shareholder payouts and things that they want to have
market path with. You bit differently in their, eyes the
board would say that they're.

Speaker 3 (24:35):
Not looking to change.

Speaker 13 (24:36):
Anything, nonetheless they continue to speak, out and the board
said cently that this is. Enough they fired them for.
Insubordination more broadly than, that if you're a market basket,
shopper they might not normally care about two executives so.
Much BUT i think it shows that this power struggle

(24:58):
between the executive team and the is not likely to
end quietly or. Peacefully for people who were around in twenty,
fourteen they wouldn't likely remember that it led to a
big standoff of shoppers going elsewhere and employees walking. Out
and not to say that that's, imminent but it's having
more in that direction of something that's kind of broad

(25:18):
and really something the company would not want to find
itself in the.

Speaker 2 (25:22):
Situation all, right He's grant, welcome a reporter with The
Boston Business. Journal thanks so much for joining us This sunday.
Morning and up next we're going to take a ride
out to The elbow Off Cape cod and talk to
the folks of The Chatham bars.

Speaker 1 (25:33):
In kim And joe will explore more business news that
impacts Our New england economy when they.

Speaker 6 (25:44):
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Speaker 9 (26:12):
Com 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

(26:32):
as you, know nothing gets built without a set of,
plans and neither will you a 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'll 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

(26:54):
three four two ten. Thirty that's eight five seven three
four two ten. Thirty well check us out out online
At marshallwealth dot. Com marshall with two L's marshallwealth Dot.

Speaker 10 (27:05):
Com advisory services offered To capital analysts Or Lincoln Investment
registered investment. Advisors securities offered Through Lincoln Investment Broker dealer MEMBER,
finra S, Ipc Lincoln investment Dot, Com Marshal Wealth management
and the above firms are independent and not.

Speaker 2 (27:14):
Affiliated welcome back to The New Engle Business support on
This sunday, Morning august the twenty, Fourth so joke shorts
with you here and this is a spot in the
program when we talk about other business stories that caught our. Attention.
Here this one is the headline in The Boston, globe
a story written By Larry, edelman, Headline Roger berkowitz is
back with his first restaurant since Selling Legal, seafoods headline

(27:39):
Being boston's best known fishmonger returns With Rogers fish And
chips At Logan. Airport you, know we all remember this
BECAUSE i was working At bloomberg DURING, covid and of
course you know that was When Roger, burke which was
forced to sell his empire at that. Point and now folks,

(28:00):
saying you, know where Is Roger, Burke which where is
he these? Days well he's according to this story That edelman,
Wrote he's poised to return the restaurant game With Roger's
fish And, chips debuting At Logan Airport's TERMINAL a in
Late september or Early. October, berkowitz in an, interview described
his concept as a mashup of quick service and fast,

(28:22):
casual designed to deliver high quality meals with a lean
staff basically just three to five. People but this is
the important STORY i thought was. Interesting i'm, Like, okay
you Think roger burg who's, right and you think he's,
like you, know sitting up in this, big fancy office.
Somewhere he. Says, no he, Says i'm going to be

(28:43):
behind the. Counter so when you go To urmola and
you look at a fish and, chips chances Are Roger
Burger who's could be the one to sell to. You
quoting him here on This globe article By, EDELMAN i
don't want anything left to. CHANCE i want to get it.
Right So i'm taking this really. Personally, Yeah Roger berkowitz'll
be behind the. Counter and if that sounds like in

(29:05):
this Article Edelman, Wright so if that sounds Like burkowit's
age seventy, three has something to, prove well he. Does
another business story that the business community is talking about
this week stems from this headline in The Boston globe
story written By Stella. Tannenbaum business groups proposed ballot measures

(29:25):
to lower income tax and boost. Refunds anybody in favor
of lower income tax and, REFUNDS i, mean you, know
it seems and the folks behind this would be none
other than The Pioneer. Institute and who's the executive director
there But Jim. Sturgis And jim is a Guy i've
known for, many many. Years So, Jim welcome to the.

(29:46):
Program SO i would guess that you would have a
lot of folks that like the whole idea of a
lower income tax and boosting. Refunds, now this would be
a ballot question in the fall of twenty twenty, Six
so we're just sort, of you, know sort of starting
to take shape, here.

Speaker 3 (30:01):
Right that's. Right we just filed the ballot questions with
The Attorney. General it has to be approved by The
Attorney general in terms of its constitutionality and how it
lines up with state.

Speaker 2 (30:12):
Law, okay well give us the both of. Them tell
us about the both of.

Speaker 3 (30:16):
Them, yeah, Absolutely, look the first one is really. Straightforward
it is a tax, cut an income tax cut from
five to four, percent and it would affect people as
they might. Imagine if you're making fifty thousand, dollars it's
probably going to put five hundred dollars in your. Pocket
if you're making one hundred thousand, dollars it'll be probably
about one thousand. Dollars it is it's not just folks

(30:40):
THAT i know who like. It it is across the.
BOARD i mean the polling that we've done on, This
i've not steamed polling as strong as, this we're, seeing for,
example almost ninety percent approval Among, republicans seventy percent approval
among unenrolled, in about sixty eight percent approval Among. Democrats

(31:01):
and we don't see polling like. That we don't often
in this, country kit you, know those kinds of issues
that get that kind of that kind of. Polling, so
AND i think it has a lot to do with
the fact that over the last seven years or, so
we've seen the state government grow by about fifty. Percent
it's gone from about forty billion to sixty billion dollars
in terms of what it spends every year. Roughly but

(31:24):
if you are your average, household you haven't seen your
income go up like, That and so it's, essentially can
can the government continue to spend more outpace your own
growth in household? Income and the answer is at a
certain point that has to. Stop and this is just
one of those issues where we feel like are pulling.
Across the last year has shown us over and over

(31:46):
again that people are feeling really really. Squeezed so that's
that's the first.

Speaker 2 (31:50):
One, okay and number.

Speaker 3 (31:52):
Two second one is EVERYONE i think has some memory of.
This in twenty twenty, Two Governor baker led this effort
to implement a very wonky law that was passed by
the residents across the state in the late. Eighties Barbara

(32:12):
anderson was then alive and she was pushing for something
called a revenue. Cap and what it would do is
it would cap the increase in revenues that the state
government could. Keep so if you had outsized growth and,
revenues the state couldn't just hold on to. It it
would need to give some of it back to. Residents
that is only kicked in two, times most recently in

(32:34):
twenty twenty, two When baker pushed back about three point
two billion dollars back to. Taxpayers people got refund. Checks
we believe that the law originally was supposed to be more,
frequent and what we've done is we've worked to focus
on actual revenues that come into the state rather than

(32:57):
this fictitious sort of calculation that's legislators put into. Place
they call it allowable. Revenue we prefer to work from,
reality and that would in our, minds at least from
what we've seen in terms of looking at the, data
it would have led to refunds about twenty or twenty
two times over the past forty years that this law

(33:18):
has been in, place so people more frequently would get. Refunds,
right that's the second. Ones when the state's taken in
much much more money than, yeah ever, expected let's give
something back to the, taxpayers all.

Speaker 2 (33:29):
Right or talking About Jim, starrus executive director of The
Pioneer institute there in Downtown, boston they're working on a
two ballot questions that you could be voting on in
the fall of twenty twenty. Six, okay so what's the
likelihood that these two questions will actually show up in
twenty twenty? Six AND i guess you, know tell us
a little bit about the process and the hoops are
going to jump through to get.

Speaker 3 (33:48):
There, yeah so the big hoop is coming. Up so
starting as soon as you get your certification from The Attorney,
general by they basically By, thanksgiving you have to collect
seventy five thousand. Signatures and that's the whole effort of you,
know having people stand out at supermarkets and meet people
where they. Are if there are local, elections you'll make

(34:10):
sure you can stand somewhere near there and catch people
who are really politically. Interested make sure you get those
signatures then there's a couple of, things a couple of
hoops that ARE i wouldn't they're not, trivial but they're
not significant to come up In january where you, know
one of them could be that the legislature, says, hey
we don't want this to go to the, ballot so
we will actually pass the. Law and then after that

(34:33):
you have to collect more.

Speaker 2 (34:34):
Signal nobody's hold their breath for, that, Right.

Speaker 3 (34:36):
Jim not on this. One this is where historically that's
just lots of people really restrain taxes and it's, popular.

Speaker 2 (34:47):
All all, Right so if you were a betting, guy you'd,
say we're going to see the lawmakers aren't going to
pass these. Laws, OKAY i Mean i'm just saying. That
that's just me, talking that's not.

Speaker 5 (34:56):
You, yeah you're.

Speaker 2 (34:58):
Right the, likelihood you would, say you think it's a high.
Likelihood we'll say these in twenty twenty.

Speaker 3 (35:03):
Seconds, YES i think you have a. Highlight the pulling
is too, strong AND i think it's going to be
not hard to get people to sign a piece of
paper saying, HEY i want my taxes. Cut Hey i'm being. Squeezed,
HEY i think the state should kind of restrain itself
a little bit and allow me to keep some money
in my. POCKET i think that's the, case.

Speaker 2 (35:22):
Right but in this article on the bost And glove
written BY. A Stella, tenenbaum there is, opposition, right there
are folks that think, that you, know the world will
end if we do.

Speaker 3 (35:30):
This, Right BUT i think if these are folks who
generally say, that SO i would just say, This, look
if we've been able to grow our expenders from forty
to now sixty two billion dollars in just seven, years,
right some of that might be a little, fat all.
Right on the other, side it's also true that we

(35:51):
will continue to have revenue growth because people are still doing.
Business and every year the revenue growth somewhere between you
two and a half and seven percent per year over
the last few. Years so it's not like the bottom
is going to come out. Here what we're doing is
we're going to do it gradually over three years because
we want to be responsible and not have negative impacts on. People.

(36:12):
Right that's number one and number. Two these other, factors
once you put them into the, pod it makes it
a lot. Small it's just really constraining growth more than anything.

Speaker 2 (36:22):
Else, joe All, right, Well, jim we wish you lock
there here on The New England Business support and you,
know come back and see us and give us updates
as we moved through the. Calendar. Here He's Jim, starr
just executive director of The Pioneer institute in Downtown. Boston all,
Right so you know one THING i love About cape
cod is getting out to the elbow of the. Cape

(36:45):
and what's out there on the elbow of the, Cape,
well that would be that five star resort That Chatham
bars in and that's where we find our next. Guest he,
is of, Course Courtney lowe is the vice president Of
marketing and Business development for The Chatham. Bars and you,
Know courtney was just discussing with our Producer. Ken you,
know is there a better job than? THAT i, mean
is there a better job than being a vice president
of market for The Chatham bars.

Speaker 14 (37:05):
In nothing like coming to work every day and stare
WHAT i have to stare at this beautiful view we
have at The Atlantic.

Speaker 2 (37:12):
Ocean all, Right, hey look at how is the summer
at twenty twenty five been business?

Speaker 14 (37:16):
Wise oh my, god it's been. Great it's been. Extraordinary
to be honest with, you it's better than last year for.
Us last year was a record year for. Us so
we keep moving along and it's been. Tremendous so we're
very excited about what has has. HAPPENED i think so
many people have come here and enjoyed such an amazing.

Speaker 2 (37:37):
Summer here where in particular you saw on seeing the growth.

Speaker 14 (37:41):
In, PARTICULAR i mean it's throughout the entire Summer june
what it started off With june being a very strong
month for leisure guests to come here where you, know
sometimes we have quite a bit of conference business in,
there but the leisure guests started early and it just kept.
Coming so and the big piece is going into the.

(38:02):
Fall we already seen That, september which is we call
it our secret, summer is already kicking up quite a.

Speaker 2 (38:09):
Bit, okay WELL i HAVE i was lucky enough to
spend a night there this this, summer AND i as
curious AS i, had looked at the license plates in
your parking lot there your where is the? Bulk how
does it breakdown geography wise in terms of your? Customers
where are they coming from to come To Chatham.

Speaker 3 (38:25):
Bars, yeah it's a great.

Speaker 14 (38:26):
Question we're about in this time of, year we're probably
more sixty percent from The, northeast and then we started
reaching out Mid, Atlantic, Texas, california. Overseas it's probably a
six or seven percent of our. Business and we still
saw quite a few people from overseas.

Speaker 3 (38:45):
This year as, well which is.

Speaker 14 (38:47):
Good so it's a good mix Around florida obviously and
some of the southern states where they could get awful
hot down, there so they come up here for the cooler.

Speaker 2 (38:56):
Summer talking With Courtney lowe is the vice president of
marketing and business development there The Chatham bars in the
five star resort out there on the elbow of The.
CAPE i guess you, KNOW i wanted to talk a
little bit about The Beach House. Grill, now of, course
The Beach House grill was named i think late BY
Usa today in Late may or Early june as what

(39:17):
the best waterfront, restaurant well in the. COUNTRY i think
it is what they, SAID i, mean, Correct, yeah the.
COUNTRY i mean that narrows it down, Right And i'm curious, Though,
okay so that, Happened but what difference does it make
on the bottom line as you move through the.

Speaker 14 (39:32):
Summer that's a good, question you, know it's a hard
thing to, measure but we do know that we it's
not just the. Guests we are open to the public,
there so guests and our members and public coming. There
so it was a very strong year for The Beach House.
GRILL i think it definitely played a role of the

(39:52):
awareness of that particular restaurant has gotten much. Greater if,
you as you, Know, joe it sits down kind of
below the, bluff so you can't really. See it doesn't
stand out on the, street so you have to get people,
there and that awareness was tremendous for. Us so it
really helped.

Speaker 3 (40:09):
Out mm.

Speaker 2 (40:10):
Hmm and what if someone's listening and wants to go
to The Beach House. Grill it's seasonal, though, right it is.

Speaker 14 (40:17):
Seasonal we'll keep it open into The Columbus day. Weekend
that's when we shut it.

Speaker 2 (40:25):
Down all, Right, well let's talk a little bit about
fall On Cape cod because it does get. Quiet you,
Know i'm A cape cod, OR i live In centerville
down On Cape, cod and you, know After, Monday september,
one it does seem to get you, know it's like
falling off a cliff a little. Bit it gets pretty
quality quiet down. Here but what about for The, chattambarson
what is what a bookings look like for the.

Speaker 14 (40:45):
Fall, YEAH i THINK i mentioned. Earlier we're actually really
surprised how well we're doing In september And. October obviously
we bring in the business component with the, conferences but
the leisure traffic that we're already seeing coming in is
already beating our. Records SO i, believe AND i think
a lot of people who've been doing for years That

(41:06):
september and even Early october it can be some of
the best times to be here on The cape because
restaurants are still, open there's a lot. Happening the outdoors
is still a great, playground and we do extremely. Well
so we also get. Creative we put a lot of,
activity and we keep our programming, open our boating, program et.

(41:27):
Cetera there's so much to do out there on the.
Waters you can still, fish great time to fish, still
the seals are still hanging, out you can see, them
or even doing an early sunset cruise is still can
be a lot of. Fun so, YES i agree with,
you but The cape is definitely busier than it used
to be at that time of the.

Speaker 2 (41:46):
Year what happens to, PRICES i mean if you were
to compare the fall, prices let's, say you know prices
and as we move past the end of. Summer, okay
so let's Say october prices To july. Prices how big
a difference is.

Speaker 14 (41:56):
That, yeah it's a. Difference you, know it was still
we still hold our own, there but it's you definitely
if you're not the person that's going to pay you,
know the five star level On July, august this is
a better time a year to come and even get
a little more.

Speaker 5 (42:14):
Value.

Speaker 2 (42:17):
Okay so as a vice president of marketing and business
development there The chattam bar is what what's on your?
DESK i, mean what Does Courtney low have to accomplish
in the next sixty to ninety and twenty.

Speaker 14 (42:28):
Days, well besides a whole lot of paper on my,
desk a lot going, on and we are really it's about.
Programming we were open year, round so we. Are we
have a new bar, indoors a very large bar in
our south, lound so we're creating programming around that and
having music that's going to be president. There every week we.

(42:51):
Are we work on what's called our Cranberry harvest escape,
packages and that starts at the end Of september and
goes Into, december and basically what we're doing is celebrating
the cranberry season and we've given great offers for people
to come and stay here and still enjoy things and
maybe taste some food that has cranberries in, it as

(43:12):
well as treatments in the spa that uses cranberry's infused
into some of those. Treatments so we're excited about. That
we started that last, year it was very successful and
we'll continue that and we hope to compound on that
going into this. Year and then we're working on the
winter months and we do a lot of indoor and

(43:34):
outdoor things because we don't have a lot of. Snow
we still do hikes outdoors in the winter time and
people can still stroll on the beach and so. Forth
so we're going to take full advantage of everything we have.

Speaker 2 (43:46):
Here all. Right He's Courtney. Low he's the vice president
of marketing and business development for The Chattom bars in
down there on A Cape. Cod thank you for joining
us this morning on The New England Business. Report and
in just a moment we're going to be talking with
the founder Of Evolved Technology happen.

Speaker 1 (44:04):
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Registered Investment. Advisors securities offered Through Lincoln Investment Broker Dealer
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and the above firms are independent and not.

Speaker 11 (46:43):
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Speaker 2 (46:49):
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Speaker 12 (47:31):
Familiar with security cameras that are really sort of following
our every moonis, move especially if we're in major metropolitan.
Areas but did you know in some locations there's technology
at work scanning crowds to detect concealed weapons and other.
Threats of, course all of this in an effort to
keep all of us, safe and a lot of it
is brought to you by a local. Company It's Evolved.

(47:53):
Technology they're based over there In, waltham and we are
joined By Anil. Chitkara he is the co founder Of
evolved And neil always great to have folks like you
on and we're so glad that you could join us.
Today let's get started this morning by you telling us
a little bit About evolve and exactly what you guys.

Speaker 5 (48:11):
Do, well first of, all thanks for having me on this,
morning AND i really appreciate you putting a spotlight on
safety and. Security it's a very important and certainly we've
seen events over the last few. Weeks we Started Evolved
technology in twenty. Thirteen it was started by myself and
my co founder and Friend mike Ellen, bogan who had
been in the physical security technology space for decades. Before

(48:33):
he had done a lot of aviation. Security and what
happened was On april fifteenth to twenty, THIRTEEN i was
standing On Arlington. STREET i was waiting for my wife
to finish The Boston. MARATHON i had my three kids
who were eleven nine and five at the, time and she.
Finished it was her Eighth Boston. Marathon we got in
the car and. Left as we all, know the bombing

(48:54):
happened shortly after. That it happened that day and it
was tragic we had, left but a close friend of
ours was not as. Fortunate he was affected by the second.
Device and WHEN i went and visited him At Mass
general and saw the folks that were, injured, seriously it
just struck us that these two, kids these two, punks

(49:16):
could use the, internet go to stores that we can
all go, to and create a weapon that could do such,
damage and it just was not. Acceptable if you backtracked
about four months before, that On december, fourteenth was The
Sandy hook tragedy again twenty young, kids six, adults and
that there was a series of shootings between those two,

(49:38):
events And mike AND i, said there's got to be
a way we can help. Out there's got to be
a way we can use technology to help keep our,
kids our, families our friends and others safe from.

Speaker 14 (49:50):
Some of this.

Speaker 2 (49:51):
Violence, So, aneil what is different today since you started
this company In july of twenty.

Speaker 5 (49:56):
Thirteen so the traditional way that a lot of these,
venues stadiums and locations we're doing security and screening for
concealed weapons was walk through metal. Detectors Walk through metal
detectors were first deployed in nineteen twenty. Six they haven't fundamentally,
changed but we've. Changed we carry a lot more on.
Us weapons have, changed the threats have, changed and so

(50:18):
what we did is we looked at technology that could
do three. Things one it can differentiate personal items from
weapons that are on your body or in a. Bag,
two it can happen very. Quickly and three we can
use technology to inform the security operator as to who
might have a threat and where on that person it.

(50:40):
Is so if we can make it easy to differentiate
a phone from a, firearm do it very, quickly and
make it easy for security operators who might be law
enforcement or they might be somebody that's doing it as
a side job on A sunday, afternoon make it easy
as possible for them to differentiate these threats and identify
and resolve. Them that would help move things a much more.

Speaker 12 (51:00):
Quickly so tell us a little bit about some of
the locations that that technology is being.

Speaker 5 (51:05):
Used so we have about six thousand, systems largely across THE.
Us we first employ them in twenty nineteen and we
screen over two billion people in THE us, incident so
they're widely. Used every. Day there's about two or three
million people the day they use. Them they're at, schools
they're at, hospitals they're at sports and entertainment, venues and

(51:26):
they're at. Workplaces and in The boston area we're At,
Gillette we work with a team At, GILLETTE Td Bank North,
building The Box, Center. Fenway so there's a series of
places we go every day where these systems are being
used and helping the security teams make their places.

Speaker 2 (51:42):
Safer now there's each venue different or do they all
have basically the same type of Technology and maybe you
could give us so for, instance obviously At Fenway, park
But i'm also reading here that you're involved in The
World cup this, year and of course that's coming To
boston next.

Speaker 3 (51:56):
Year.

Speaker 5 (51:57):
Right so the core technology has built in some, flexibility
so it's designed to rapidly screen people for concealed, threats
whether they're hidden on their body and their pants or
in a bag it's over their. Shoulders that's what the
court technology. Does now how different venues use it as
Different some want to make it very free. Flowing some
might want to stop people and have them go through

(52:20):
one at a. Time so each venue is a little bit,
different and what we see in sports, venues they typically
use it sort of in a similar way that we've
all been. Through schools might do it a little bit,
differently and hospitals which have threats coming in through either
the front or through the emergency, department maybe doing it
a little bit differently as. Well so each security team
decides how to operationally use it to optimize the people

(52:43):
that are coming in and the threats that are concerned.

Speaker 12 (52:44):
About And, neil is there any issue associated with privacy
and this kind of.

Speaker 5 (52:50):
Technology it's a very good. Question so on the privacy,
side the system doesn't store any personal, information it doesn't
store any pictures of. People we don't use facial recognition,
technology so it's. Agnostic and in fact what we see
is when a group of people are coming through and
if somebody gets, stopped sometimes they say why is it?

Speaker 4 (53:09):
Me is it What i'm?

Speaker 5 (53:11):
Wearing is it WHAT i look? Like and in fact
it's the technology that's identifying the person based on what they're.
Carrying and then there's just an image of that person,
there so the security team can, say this is the
technology identified you as potentially having something we need to
look at more. Closely here's a picture of, that so
we're sure it's you and this location is what we
need to look at more.

Speaker 2 (53:30):
Closely talking with The Niltchit, kara co founder Of Evolve
technologies In, WALTHAM i Guess I'm i'm looking at your
website and it, says you, know five hundred firearms detected,
daily nine hundred and fifty customers across all, industries some
three million people screened. DAILY i, mean give it an
example here to our. Listener you guys must have success

(53:51):
stories every day or certainly every. Month what's a success
story that you know you're talking about at the end
of your.

Speaker 5 (53:58):
Workday, yeah So i'll give you. Two, unfortunately we see
kids carrying guns into schools around THE. Us sometimes they're
carrying them in for, safety sometimes they're carrying it for
their own ego. Reasons regardless of why they're carrying them,
in they're prohibited and they created a dangerous. Environment so
schools are one of the largest types of places where we're,

(54:21):
deployed and we continually get updates of teens at schools
who have detected a firearm on an individual on a,
student stop that student and took it. Away sometimes it's
an illegal, firearm sometimes it's. Legal it might be a
parents firearm they've taken from the, house but, regardless it
shouldn't be in the. School that's one. Scenario there's another

(54:43):
scenario where we work with a number of. Hospitals there
was one hospital where an individual a family was having
a situation in the. Hospital the patient took a turn
for the. Worst the father, left went out to the parking,
lot came back about four five minutes later carrying a duffel,
bag went through our. System the system, alerted the security

(55:05):
team looked in The duffel bag and there were multiple
firearms in. Duffelback it was not a scenario where he
didn't realize they were in. There that could have been another.
Tragedy so there's examples like this we hear from our
customers which are unfortunate but.

Speaker 12 (55:20):
Real so And, neil this sounds like technology that should
be in every, school maybe at every church and every
location like. That is it cost prohibitive for a lot
of these different, Locations so.

Speaker 5 (55:32):
Schools, churches these different. Venues they really need to look
at what's most important to them and what threats they're
trying to, avoid and a lot of them need to
do some of the, basics like they have to have
locking doors, first for. Example so there's some basic security
technologies or approaches that have to be, deployed and then
once they're in, place they'll look to add additional layers of.

(55:53):
Security we think about it as multiple, layers and conceal
weapons detection is another. Layer there are different grand that
are available federal grants and state grants for schools and
houses of worship in other. Places but ultimately it's a
decision as to you, know what are the threats we,
have what's the budget we, have and what's the implication
we want to have on our students or congregants or

(56:14):
whoever's coming Through And.

Speaker 2 (56:16):
Neil what's on your desk right? Now what do you
need to do this month or.

Speaker 5 (56:22):
Next so we had success with The Club World cups
in the past. Months it was very successful in them
using our systems to screen at stadiums and other. Places
it's a good example where these big public events also
have threats that present themselves and so what we're looking

(56:43):
at is how can we serve these types of events more?
Efficiently how can they use our technology as part of
a multi layered system to try to keep the public
safe so they can enjoy the event they're going to.

Speaker 12 (56:55):
Enjoy Emil, chikara what a fascinating business that you are
to developing and continue to. Develop we can wish you
the best of. Luck it's called evolved. Technology everybody In, Walfham.

Speaker 2 (57:07):
Massachusetts, okay time to look ahead the next week on
The New England Business, report and again this story sort
of popped, up ended up in my inbox And i'm, like,
okay this is. Interesting this was an email from the
Former Lieutenant governor of The, Commonwealth Tim. Murray, now of
course he's THE ceo and president of The Worcester chamber
Of commerce out, there and you know, what he's been
popping up a lot, lately sort of mouthing off a little.

(57:28):
Bit i'm starting to be wondering What's murray up? To
and you, know so this time he thinks that state,
workers state employees who are working from home should not
be they should all come. Back that'll make a lot
of friends among the state, workers, right all, right we'll

(57:48):
talk to the Pharma Lieutenant. Governor next Week i'm In
New England Business. Report that's W, rko The voice Of
AUSTIN am six eighty