Employer Confidence Strengthens in April
BOSTON — The Associated Industries of Massachusetts (AIM) Business Confidence Index rose 2.4 points to 60.3 last month. Confidence remains well within optimistic territory, though still 3.9 points below its strong reading of April 2018. The April 2019 increase reflected growing employer optimism about economic prospects for the next six months and about the future of their own companies. All of the constituent indicators that make up the Index rose during April with one notable exception. The Employment Index fell 1.5 points to 54.4, suggesting that employer sentiment continues to be tempered by a persistent shortage of qualified workers. “The Business Confidence Index continues to show a conflict between short-term economic optimism and long-term concern about the prospect of finding enough appropriately skilled workers to run Massachusetts businesses,” said Raymond Torto, chair of AIM’s Board of Economic Advisors (BEA) and lecturer at Harvard Graduate School of Design. “The immediate news for employers is positive as economic growth in Massachusetts surged to an annual rate of 4.6% during the first quarter of 2019, and U.S. growth came in at 3.2%.” The constituent indicators showed a broad-based strengthening of confidence during April. The Massachusetts Index assessing business conditions within the Commonwealth rose 1.5 points to 63.2, while the U.S. Index gained 2.8 points to 58.3. The Massachusetts reading has declined 0.9 points during the past 12 months, and the U.S. reading has dropped 5.6 points during the same period. The Future Index, measuring expectations for six months out, surged 3.1 points to 60.5. The Current Index, which assesses overall business conditions at the time of the survey, rose 1.7 points to 60.0, still 5.1 points lower than a year ago. The decline in the Employment Index left that measure 5.4 points lower than in April 2018. One good sign for job seekers is that the Sales Index, a key predictor of future business activity, rose 3.9 points during the month.
Leadership Pioneer Valley Partners with Tech Foundry on Program for Students
SPRINGFIELD — Leadership Pioneer Valley (LPV) and Tech Foundry partnered together for a leadership-development curriculum for the students participating in the 14-week IT-training program. At no cost to the students, Tech Foundry prepares a cross-section of the population to step into a sustainable career in the information-technology sector. The program provides a comprehensive computer-science curriculum that gives students the fundamental knowledge needed to work with a variety of programming languages, computer hardware, networking solutions, and more. Partnering with Leadership Pioneer Valley, Tech Foundry was able to offer leadership development and skills to the students. “I can definitely say that, as a result of working with LPV, our students’ skill sets and confidence increased by leaps and bounds. Lora was thoughtful and responsive from our first planning meetings designing the curriculum to establishing the schedule, to securing trainers and delivering the workshops to meet our unique program needs,” said Dara Nussbaum-Vazquez, executive director of Tech Foundry. “Interactive and engaging LPV sessions with Tech Foundry ranged from students creating an elevator pitch on video to team exercises building towers out of spaghetti and marshmallows, to a creativity and problem-solving session rooted in improv-comedy techniques. We would highly recommend LPV to other nonprofits and companies, and look forward to a longstanding partnership.” LPV is also currently seeking applications for its LEAP Class of 2020. Emerging leaders, mid-career professionals with leadership potential, and those looking to better the Pioneer Valley are encouraged to apply. The deadline for applications is Monday, July 1. Applications and further information can be found at www.leadershippv.org.
Scholarships Available for STEM Studies at HCC
HOLYOKE — Students enrolled full-time in chemistry, engineering, mathematics, physics, or other STEM fields at Holyoke Community College (HCC) may qualify for a National Science Foundation (NSF) scholarship of up to $10,000 a year toward tuition and fees. Recipients of the scholarship become members of HCC’s STEM Scholars program and participate in field trips and benefit from other exclusive STEM-related events and activities each semester. The NSF STEM scholarship continues each semester students maintain good academic standing. Incoming and current HCC students are encouraged to apply. The application deadline for the 2019-20 academic year is Monday, July 15. Eligibility guidelines for the National Science Foundation STEM scholarship can be viewed at www.hcc.edu/scholarships, where there is also a link to the online application under ‘National Science Foundation Scholarships in STEM.’ Applicants must be enrolled full time in a STEM program, demonstrate academic ability or potential, and demonstrate financial need, according to the guidelines. STEM disciplines include biological sciences, physical sciences, math, computer and information services, geosciences, and engineering.