Presentation detailing some key facts about Boston World Partnerships, the Boston economy,the incentives to the investor when bringing FDI to the greater Boston economy, and the reasons why Boston is a preffered investment destination with assured ROI for the investor
1. Boston World Partnerships
GROWTH. IMPACT. VALUE THROUGH
STRATEGIC PARTNERSHIPS.
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
2. ABOUT BOSTON WORLD PARTNERSHIPS
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.
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
3. BOSTON WORLD PARTNERSHIPS:
Network-Powered Growth Engine
We are leaders.
Mayor Thomas M. Menino
Founder & Chairman of the Board
Mark Maloney
President of the Board
Former Chief Economic Development Officer of Boston
Frank Britt
CEO, Penn Foster
Advisory Partner, Bain Capital Ventures
John McArthur
Former Dean
Harvard Business School
Chris Mayer
Special Advisor
Publisher, The Boston Globe
*A select number of BWP board members to demonstrate its caliber.
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
4. BOSTON WORLD PARTNERSHIPS:
Network-Powered Growth Engine
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
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
5. 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 organization
Diverse
• 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
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
6. WHAT WE DO
Market Boston + Make Connections
= Generate Economic Growth
INFORM CONNECT
We inform the world about Boston’s We make
innovative assets by social media targeted, timely, efficient business
campaigns, offline events, strategic connections and help businesses
partners and premier media find resources, ideas, and talent.
partnership.
BOSTON =
innovation + talent
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
7. WHAT IS BWP’S UNIQUE VALUE PROPOSITION?
PARTNERSHIPS + ACCESS
GOVERNMENT BUSINESS
BOSTON =
innovation + talent
MEDIA ACADEMIA
* The logos represent a select number of partners in BWP community as examples.
8. Who does BWP serve?
New entrants
businesses and professionals looking to expand to and learn more about Boston
Mid to large corporations
who want to access and invest in Boston’s innovative capacity – its startup
community, intellectual capital, emerging technologies
Entrepreneurs
international & 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
9. BWP PROGRAMS
Connector Program
Boston 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.com
BWP 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 Innovation
A 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 Spaces
Outer 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 Session
BWP 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.
Yoon Lee, Executive Director I yoon@bostonworldpartnerships.com I o 617-929-8627 I m 781-367-2403
10. 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
11. 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
Yoon Lee
Entrepreneurial Impact: The Role of MIT, E. Roberts, C. Eesley, MIT Sloan and the Kauffman Institutte, February 2009. Map: http://goo.gl/FmWlo
12.
13. Boston is #1 in venture capital in the US
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
14. Massachusetts: a global hub of innovation, capital, and talent
• In 2007, $25.4 billion was spent on R&D in • 1st in the world in academic articles
Massachusetts published per capita (2007)
• 1st in science and technology capabilities in • 3rd in the world in patents published per
the United States (2010, The Milken billion dollars of GDP under the Patent
Institute) Cooperation Treaty (2009, WIPO)
• 1st in innovation capacity in the US • Kendall Square, in Cambridge, has the
(2010, The Kauffman Foundation for highest concentration of venture-backed
Entrepreneurship and Information biotech and IT firms in the world
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
15. 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
16. 4 top reasons why you should invest in the state of
Massachusetts and in Boston
1. Economic Development Incentive Program
2. Investment Tax Credit (ITC)
3. Research & Development Tax Credit
4. Tax Increment Financing (TIF)
Yoon Lee
17. 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/
Yoon Lee
18. 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
Yoon Lee
19. 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
Yoon Lee
20. 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
Yoon Lee