Boston as a preffered Investment Destination

GROWTH. IMPACT. VALUE THROUGH STRATEGIC PARTNERSHIPS.

Boston World Partnerships

Yoon Lee, Executive Director I [email protected] I o 617-929-8627 I m 781-367-2403

mailto:[email protected]

Boston World Partnerships ("BWP"), founded and chaired by Mayor Menino, exists to promote Greater Boston as a vibrant place to live, work and do business.

To achieve this goal, we have created an international influencer network with the mission of strengthening Greater Boston's economy by helping businesses and organizations identify business opportunities, make targeted connections in Greater Boston's diverse innovation economy, and access resources to grow in the region.

The BWP network brings together innovators, entrepreneurs, and a wide range of business influencers and thought leaders. Through a varied range of partnerships with local business organizations, media and government, BWP is the sole economic development agency that represents Greater Boston region at the ground level.


ABOUT BOSTON WORLD PARTNERSHIPS


BOSTON WORLD PARTNERSHIPS:Network-Powered Growth Engine

We are leaders.

Mayor Thomas M. MeninoFounder & Chairman of the Board

Mark MaloneyPresident of the BoardFormer Chief Economic Development Officer of Boston

Frank BrittCEO, Penn FosterAdvisory Partner, Bain Capital Ventures

John McArthurFormer DeanHarvard Business School

Chris MayerSpecial AdvisorPublisher, The Boston Globe

*A select number of BWP board members to demonstrate its caliber.



We are Connectors.

BWP Connectors are a unique and resourceful global network of committed professionals who represent the diverse business community of Greater Boston: banking, biotech, healthcare, high tech, venture capital investment, startup, consumer products, legal services, design, IT, academia, and arts.

They are- subject matter expects- diverse- international- connected- involved


BOSTON WORLD PARTNERSHIPS:Network-Powered Growth Engine


CONNECTORS ARE… Leaders in Greater Boston

• 68% of Connectors are CXO level or higher in their organizations• 20% of all Connectors are either President or Founders/Co-founders of their

organizationDiverse

• 28% are professionals, who represent global ethnic groups.• 41% of Connectors are women.

International• Representing the most active international agencies, consulates, and business

associations – e.g. swissnex, French Consulate, British Consulate, Boston Irish Business Association, Office of the Vice-Prime Minister of Belgium, to name a few

• Traveling abroad often to conduct business, expanding networks in France, Germany, India, Argentina, Brazil and other countries

Connected• 98% of Connectors have LinkedIn accounts, almost 60% of which have over 500

connections• 75% of Connectors have Twitter with an average of 1100 followers

Involved• 100% of Connectors are in at least 1 more organization, 82% are in 2 more, and

15% in 5 or more organizations.• Over half of Connectors are leaders in non-profit or volunteer organizations



WHAT WE DO

INFORMWe inform the world about Boston’s innovative assets by social media campaigns, offline events, strategic partners and premier media partnership.

BOSTON = innovation + talent

CONNECTWe make targeted, timely, efficient business connections and help businesses find resources, ideas, and talent.

Market Boston + Make Connections = Generate Economic Growth



WHAT IS BWP’S UNIQUE VALUE PROPOSITION?

BOSTON = innovation + talent

PARTNERSHIPS + ACCESS

GOVERNMENT BUSINESS

MEDIA ACADEMIA

* The logos represent a select number of partners in BWP community as examples.

Who does BWP serve?

New entrants businesses and professionals looking to expand to and learn more about Boston

Mid to large corporationswho want to access and invest in Boston’s innovative capacity – its startup community, intellectual capital, emerging technologies

Entrepreneursinternational & local - exploring resources from a diverse network to launch their business

Government & economic development agencies seeking to create bilateral relationships with Boston and Massachusetts

Local businesses small to big, who are looking for current news about Boston, business opportunities, government connection, and access to talented minds

Local professionals who offer their professional skills to enhance the city and community they love

Connector ProgramBoston World Partnership Connectors are the cornerstone of the organization. They inform the world about doing business in Boston and connect fellow businesspeople with the resources they need to launch, locate or grow.

Global Business Hub on Boston.comBWP Connectors and guest bloggers contribute on Global Business Hub blog on Boston Globe’s Boston.com business section, making it one of the highest viewed blog on the site. Global Business Hub covers a wide range of topics: Boston’s innovation story, Business tips, Industry trends, event coverage, global perspective on Boston.

Captains of InnovationA joint program with Venture Café Foundation of Cambridge Innovation Center, Captains of Innovation creates partnership and growth opportunities between multinational corporations and high-potential startups in Greater Boston. We serve as a trusted and knowledgeable local partner to navigate the diverse and dynamic startup community in Boston.

Outer SpacesOuter Spaces matches unused office space in Greater Boston with startups and small businesses. It is an innovative program designed to provide entrepreneurs with a professional working environment and host companies with an efficient cost-cutting measure.

Strategy SessionBWP Strategy Sessions help early-stage entrepreneurs find the specific expertise they need. You tell us your hurdles, and we customize a panel of seasoned managers, investors, and industry experts to help you address those challenges.

BWP PROGRAMS



Yoon Lee

Highlights of the Massachusetts Innovation Economy1

• Leading research universities, academic health centers, research institutes, and other non-profits in Massachusetts attract more than $3.3 billion annually to support research in advancing the frontiers of knowledge.

• Companies in Massachusetts perform more than $13.3 billion in corporate and federally-sponsored research, creating a climate for innovation that is among the most R&D intensive ($ R&D/$ GDP) in the world. (Measured as the ratio of R&D investment / gross state product)

• Massachusetts academic institutions grant 40% more engineering degrees per capita than the closest competing Leading Technology State.

• Massachusetts students ranked 2nd globally in international TIMSS exam for fourth grade science, 4th globally in fourth grade mathematics.

• Massachusetts has the highest level of venture capital investment per high technology establishment in the country – four times the US average and more than 35% higher than California, its closest competitor.1 Massachusetts Technology Collaborative John Adams Innovation Institute

Yoon Lee

Massachusetts: #1 in talent

#1 producer of college graduates• 30% more per capita than the next closest state in the U.S. • #1 among leading nations

Boston area alone:50+ colleges and universities with 225,000+ students

Entrepreneurial Impact: The Role of MIT, E. Roberts, C. Eesley, MIT Sloan and the Kauffman Institutte, February 2009. Map: http://goo.gl/FmWlo

Source: NVCA 2009 Yearbook. Graphic taken from "Boston Startup Scene" presentation by Jeffrey Bussgang, Flybridge Capital Partners. http://www.slideshare.net/bussgang/boston-startup-scene-picture-presentation-212

Boston is #1 in venture capital in the US

Massachusetts: a global hub of innovation, capital, and talent

• In 2007, $25.4 billion was spent on R&D in Massachusetts

• 1st in science and technology capabilities in the United States (2010, The Milken Institute)

• 1st in innovation capacity in the US (2010, The Kauffman Foundation for Entrepreneurship and Information Technology & Innovation Foundation)

• 1st among states in education level of the workforce

• 1st among states in industry-performed R%D as a percent of industry output (2007)

• 1st among states in venture capital investment per capita, 34% higher than California (2010)

• 1st among states in technology licenses and options executed by universities, hospitals and nonprofit research institutes

http://www.massitsallhere.com/sites/default/files/MA_Innovation_Revolution_PDF.pdf

• 1st in the world in academic articles published per capita (2007)

• 3rd in the world in patents published per billion dollars of GDP under the Patent Cooperation Treaty (2009, WIPO)

• Kendall Square, in Cambridge, has the highest concentration of venture-backed biotech and IT firms in the world

http://www.massitsallhere.com/sites/default/files/MA_Innovation_Revolution_PDF.pdf

Yoon Lee

Massachusetts: a low tax state

• In 2007, Massachusetts (4.0%) ranked well below the national average (4.7%) in business taxes as a percentage of Gross State Product

• This placed Massachusetts 8th of 50 states• Massachusetts (10.5%) also ranked well below the

national average (11.3%) in all taxes as a percentage of State Personal Income

• This placed Massachusetts 13th of 50 states

Yoon Lee

4 top reasons why you should invest in the state of Massachusetts and in Boston

1. Economic Development Incentive Program2. Investment Tax Credit (ITC)3. Research & Development Tax Credit4. Tax Increment Financing (TIF)

Yoon Lee

Economic Development Incentive Program

The Economic Development Incentive Program (EDIP) is a tax incentive program designed to foster job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state and local tax incentives in exchange for job creation, manufacturing job retention and private investment commitments.

http://www.mass.gov/hed/business/incentives/edip/

http://www.mass.gov/hed/business/incentives/edip/

Yoon Lee

Investment Tax Credit

The Massachusetts Investment Tax Credit (ITC) offers a three-percent credit for qualifying businesses against their Massachusetts corporate excise tax. The credit is to be used for the purchase and lease of qualified tangible property used in the course of doing business.

http://www.mass.gov/hed/business/incentives/investment-tax-credit.html

http://www.mass.gov/hed/business/incentives/investment-tax-credit.html

Yoon Lee

Research and Development Tax Credit

The R&D tax credit closely resembles the federal credit program, however, it specifically offers qualifying Massachusetts companies many unique features for doing business in Massachusetts.

http://www.mass.gov/hed/business/incentives/r-and-d-tax-credit.html

http://www.mass.gov/hed/business/incentives/r-and-d-tax-credit.html

Yoon Lee

Tax Increment Financing

Massachusetts' version of Tax Increment Financing allows municipalities to provide flexible targeted incentives to stimulate job-creating development.

http://www.mass.gov/hed/business/incentives/tax-increment-financing-tif.html

http://www.mass.gov/hed/business/incentives/tax-increment-financing-tif.html

Contact:Yoon Lee, Executive [email protected] 617-929-8627m 781-367-2403


Boston as a preffered Investment Destination

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