2017 ANNUAL REPORT MISSION

The New England Council is a non-partisan alliance of businesses, academic and health institutions, and public and private organizations

throughout New England formed to promote economic growth

and a high quality of life in the New England region.

The New England Council is a leading voice on the issues that

shape the region’s economy and quality of life. The Council focuses

on key industries that drive the region’s economic growth including

education, energy, transportation, technology and innovation,

healthcare and financial services. TABLE OF CONTENTS

President’s Letter ...... 4

Chairman’s Letter ...... 5

ADVOCACY AND INITIATIVES

Overview 6

Energy and Environment 7

Financial Services ...... 9

Healthcare ...... 11

Higher Education ...... 12

Immigration ...... 14

Tax Policy ...... 15

Technology 16

Trade ...... 17

Transportation ...... 19

EVENTS

Annual Spring Event ...... 20

Annual Dinner 22

Congressional Roundtable Series 24

Capital Conversations Series ...... 26

Featured Programs ...... 28

ABOUT THE COUNCIL

DC Dialogue 30

Board of Directors ...... 31

Members ...... 34 Jim Brett (R) and House & Means Ways Committee Chairman Kevin Brady at the Annual Spring Event. James T. BrettJames T. President & CEO Best Regards, Of course, this of none would be possible if for the not steadfast supportand active participation our of members. And so, I thank you all for your engagement in the Council, and look forward to another great year ahead. The year began with great optimism about the potential for significant policy advancements that would benefit the New England economy and continued promote growth across the nation. While ultimately it was as not productive a year in Washington, DC, as we had hoped, was it nevertheless a very busy year for the Council. advocated We behalf on our of membership a variety on important of issues, including the preservation incentives of for retirement savings, updating and reforming our immigration system, investing in children’s and community health care services, and last most but certainly least, not tax hosted reform. nearly We 60 events over the course the of year in all six New England States and in Washington, DC. And we saw our membership continue to grow as over 60 businesses and organizations joined the Council by year’s end. What does this all mean for The New England Council? believe We makes it our all work the important more and we are as committed as ever to our mission bringing of the business community together to speak with a united voice, and encouraging the New England delegation to collaboratively work to advance policies that will bolster the entire region. As the new year began, the new Administration took office, Congress115th and commenced, the I could helpreflect but not uponthe changes the Council has experienced in our 92-year history. when the Back Council in 1925 was founded, Washington looked very much like does it A Republican, today. Calvin Coolidge, was in the White House, and Capitol on Hill, Republicans held control of both the House and the Senate as the 69th Congress convened. The New England delegation, looked however, quite different in 1925 The makeupthan the of New did England it in 2017. Senate delegation in that 69th Congress was the inverse what of is it today—there Republicanwere 11 Senators from our region, and just Democrat. one And the on House side, New England Representatives sent 31 to Washington, whom 27 of were Republicans. And so, the New England delegation was a formidable force in Congress. Fast forward and the situation is quite different.to 2017, Republicans are in control both on sides the of Capitol, yet the New England delegation is predominantly Democrats. And those impressive numbers Representatives of from our region have dwindled. Because significant of population growth in other parts the of country, New England has consistently lost House seats over the past years 100 and in 2017, Representativessent just 21 to Congress. I am pleased to report was that another 2017 year tremendous of success andgrowth for The New England Council. New England Council Members and Friends: 4 2017 ANNUAL4 2017 REPORT PRESIDENT’S LETTER CHAIRMAN’S LETTER 2017 ANNUAL2017 REPORT 5 John Hailer (2nd from R) with (L-R) Jim Brett, and New Englanders of the Year Jay Hooley, Collette Divitto, and Navyn Salem.

John Hailer Chairman CapitalPresident, Group 1251 Sincerely, It isIt truly an to serve honor as Chairman an of organization that is so well-respected by business and government leaders alike, and that works so passionately and effectively behalf on its of grateful members. I’m to the Council’s leadership and staff for their dedication and hard work, and to the membership for your ongoing support to ensure was that a year 2017 filled with accomplishments and success. As Jim noted, 2017 wasAs also Jim noted, 2017 a year significant of membership growth for New The England Council. And while numbers the themselves are impressive, what really struck me is that these new members represent the industries that are driving growth in our region—energy, financial services,health care, life sciences, and technology,just to name a few. And importantly, thesenew members includebusinesses and organizations in all six New England states. The Council also convened a wide variety events of and programs hosted for members Congressional We through the region in 2017. Roundtables with members Congressof in all six New England states, and also welcomed leaders from beyond New England as they visited the region. In Washington, DC, the Capital Conversations series continued to be very popular among Council members and Congressional leaders alike. And finally, the Councilhosted a varietyof policy forums and committee meetings to keep members informedof important policy developments and provide a forum for discussion topics of that are important economic to our wellbeing. region’s As always, the highlights the of year were the Council’s two signature events, the Annual Spring in Event Washington, DC, in May, Annualand the2017 Dinner in October. At the Annual Spring in Event Washington, Council members had the opportunityto hear from representatives the of new Administration and Congressional leaders about their priorities top and initiatives economic to promote growth. Annual The 2017 Dinner was a truly inspirational evening during which we honored four remarkable New Englanders the of forYear their leadership and contributions to our region. I have always believed that the of one Council’sstrengths is that the organization is able to bring the business community throughout the region together to advocate issues on that have a broad economic impact in New England and beyond. At the same time, the Council has earned the respect our of leaders in Washington, DC, who value the Council’s input and feedback as they shape policy and develop legislation. I know I speak behalf on the of entire membership when I say that we are very grateful for the Council’s continued efforts in to advocate for policies2017 that will the promote economic wellbeing the of entire region. Throughout the course tenure my of as the Chairman The of New England Council, has it been truly remarkable to see the growth and accomplishments this organization has experienced during this time. was And exception, no 2017 as the Council had another banner year. New England Council Members and Friends: ADVOCACY INITIATIVES AND INTRODUCTION

Throughout 2017, The New England Council continued its work to advocate for federal policies that will promote innovation and economic growth, foster a positive business climate, and ensure that our region has the talented workforce needed to compete in the 21st century global economy. The year began with great optimism that same-party control of both Congress and the White House would lead to much progress on key policy priorities impacting the business community. Unfortunately, a continued atmosphere of intense partisanship in Washington, DC, prevented significant progress on legislative initiatives. Despite these challenges, the Council worked to ensure that the New England business community’s priorities and concerns were communicated Sean Bradley of Mutual of America, Rep. Peter Welch, Don George of to our region’s representatives on Capitol Hill and to leaders Blue Cross Blue Shield of VT, and former Vermont Governor Jim Douglas. in various federal agencies. In addition to a variety of advocacy efforts, the Council also convened a wide array of informative meetings and events throughout the year, featuring members of Congress, other federal policy makers, and industry experts, to help Council members stay abreast of policy developments and to navigate the many challenging issues facing the business community.

Jeevan Ramapriya of State Street and Rep. Niki Tsongas.

Katrina Iserman of Sunovion Pharmaceuticals and Rep. Jim Langevin.

6 2017 ANNUAL REPORT ENERGY AND ENVIRONMENT ADVOCACY INITIATIVES AND

Given New England’s climate, combined with a lack of native energy resources and our position “at the end of the pipeline,” energy costs and access to energy resources are perennial challenges faced by New England businesses and residents alike. The New England Council’s membership includes a wide range of businesses and organizations in the energy and environment sector including energy generators and distributors, developers of renewable and alternative energy sources, and energy and environmental technology firms, as well as commercial energy consumers large and small. The Council’s Energy & Environment Committee, which is chaired by Mark Kalpin of Holland & Knight, draws upon the experience and knowledge of our members in developing consensus-based approaches that can help Sandi Hennequin of Emera and Senator Angus King. address New England’s energy challenges. In 2017, the Committee continued to focus on several issues of importance to the region, and held a series of events and meetings featuring national leaders on energy and environmental issues.

Capitol Hill Briefing on NEC Energy Report On February 21, 2017, The New England Council presented a briefing for New England Congressional staff and other interested parties on “The New England Energy Landscape: History, Challenges and Outlook,” a report released by the Council in late 2016. The report was prepared to provide businesses, policymakers, and other stakeholders a comprehensive overview of the history of the New England energy market, the current challenges in meeting the region’s Sen. Elizabeth Warren and Board Member Marcy Reed of National Grid. energy needs, and an outlook for how the region’s energy landscape could evolve in the coming years. • Frederick Zalcman, Head of Market Development and The well-attended briefing was held in the Russell Senate Government Affairs, DONG Energy (Now Ørsted) Office Building on Capitol Hill, and Senators Jack Reed (D-RI) and Susan Collins (R-ME) were the honorary co-hosts of the IMAPP Discussion event. Congressional staff from various New England House On April 10, 2017, members of the Energy & Environment and Senate offices attended the briefing, which began with an gathered for a meeting focused on the various proposals to overview of the report by its author, Peter J. Howe, a veteran address the Integrating Markets and Public Policy (IMAPP) business journalist who is now Senior Advisor at Denterlein, process. IMAPP is the New England Power Pool’s (NEPOOL) an NEC member. Following the presentation, a panel of NEC focused stakeholder process to identify and explore potential members discussed the current challenges facing the New changes to the wholesale power markets that could be England energy market. The panel was moderated by NEC implemented to advance state public policy objectives in Energy & Environment Committee Chairman Mark Kalpin New England. of Holland & Knight. Panelists included: The meeting featured presentations by: • James Daley, Vice President – Energy Supply, Eversource • Pete Fuller, Vice President of Market & Regulatory Policy, • Susan Fleck, Vice President for Gas Pipeline Safety and NRG Energy Compliance, National Grid

2017 ANNUAL REPORT 7 ADVOCACY INITIATIVES AND ENERGY AND ENVIRONMENT CONTINUED

• Dan Dolan, President, New England Power Generators • Anthony Colonnese, Vice President of Energy Security Association (NEPGA) Solutions, Ameresco • Jerry Elmer, Senior Attorney, Conservation Law Foundation • Roger Kranenburg, Vice President of Energy Strategy and Policy, Eversource The meeting was hosted by NEC member WilmerHale in Boston. • Colette Lemontagne, Director of Internal Innovation, Meeting with Senior FERC Staff National Grid As part of the Council’s Annual Spring Event in Washington, • Jon Poor, Director of Business Development, Engie Northeast DC, members of the Energy & Environment Committee had Over 40 members attended the meeting, which was hosted by the opportunity to meet with senior staff at the Federal Energy Committee Chair Mark Kalpin at Holland & Knight. Regulatory Commission (FERC) for a wide ranging discussion of key energy issues for the region. Members met with David Morenoff, General Counsel, as well as staff from FERC’s Office of Energy Projects and Office of Energy Policy & Innovation.

Topics discussed at the meeting included:

• Wholesale Market Integration Price Formation in the Organized Markets; • FERC’s process for approving natural gas pipelines and liquefied natural gas terminals; • A recent federal court decision vacating FERC orders that established base return on equity rates for New England transmission owners; • Legal arguments requiring FERC to consider climate change effects during their review of natural gas pipeline projects; and • An update on New England energy infrastructure issues.

Over 30 New England Council members representing a wide range of energy companies and organizations attended the meeting, which was held at FERC’s Washington, DC, headquarters.

Energy Storage Discussion On September 26, 2017, the Energy & Environment Committee met in Boston to examine energy storage initiatives in the region. The committee invited speakers from the public and private sectors to have a multi-perspective, comprehensive discussion on energy storage. The event featured keynote remarks from Massachusetts Department of Energy Resources Commissioner Judith Judson, who discussed Governor Baker’s Energy Storage Initiative and provided analysis on a report commissioned by the Department of Energy Resources and the Massachusetts Clean Energy Center.

The meeting also featured presentations from several NEC members, including:

8 2017 ANNUAL REPORT FINANCIAL SERVICES ADVOCACY INITIATIVES AND

New England has long been a center for the global financial services industry. Many of the nation’s largest banking institutions and top financial services firms call our region home, and the financial services sector is integral to the region’s economic well-being. The New England Council’s Financial Services Committee counts among its members a wide range of companies and organizations, including large investment banks, community banks, credit unions, investment management firms, insurance companies, and accounting firms. Jim Febeo of Fidelity Investments and Ed Kenealy of Liberty Mutual serve as the committee’s co-chairs. Throughout 2017, the committee continued to advocate for policies that will promote ongoing growth in this important sector, and to educate and inform Sen. Thom Tillis and Board Member Jim Mahoney of Bank of America. policymakers and other stakeholders about the industry’s contributions to the region.

Report on New England Financial Services Industry In January 2017, The New England Council released a new study on the impact of New England’s financial services industry on jobs and economic growth. The report, entitled “The New England Financial Services Industry: Around the Corner and Around the World,” demonstrates the importance of this major sector to quality of life and employment in the region, identifying the total number of direct, indirect, and induced jobs in each of the six New England states, and broken out by sector—banking, asset management, and insurance. It was produced in collaboration with a number of New England Council members. Rep. Jim Himes and Tracey Flaherty of Natixis Global Asset Management.

The report was first released at an event hosted by WilmerHale in downtown Boston on January 31, 2017. Following a presentation on the report’s findings, a panel of industry representatives discussed the study and offered perspectives from their individual sectors. The discussion was moderated by NEC board member John Stadtler, Partner at PwC, and the panelists were:

• Paul Gentile, President/CEO, Cooperative Credit Union Association, Inc. • Lenny Glynn, Managing Director of Policy, Putnam Investments • Kevin Malone, Market President for Greater Boston and Rhode Island, TD Bank • Susan Winkler, Executive Director, Connecticut Insurance and Financial Services (CT IFS) Board Member Bob DiMuccio of Amica Mutual and Sen. Jack Reed.

2017 ANNUAL REPORT 9 ADVOCACY INITIATIVES AND FINANCIAL SERVICES CONTINUED

Later in the year, on June 29, 2017, the Council partnered Briefings with Key Legislative Committee Staff with the New Hampshire Bankers Association—a Council Over the course of the year, The New England Council’s member—to present the report at an event in Concord, NH. Financial Services Committee hosted several conference New Hampshire Governor Chris Sununu opened the event with calls for members featuring briefings from senior Congressional keynote remarks. Similar to the Boston event, the event featured staff members on key legislative initiatives. These briefings a presentation on the report’s findings, followed by a panel of provided NEC members the opportunity to hear directly from industry representatives who discussed the study and offered Capitol Hill staff working on legislation that will directly impact perspectives from their individual sectors. The panel, moderated the financial services industry, as well as to provide feedback and by Tom Fahey of the New Hampshire Bankers Association, ask questions. included the following NEC members: In March 2017, the Financial Services Committee hosted a • Edmund C. Kenealy, Senior Vice President & Chief Public briefing with Kevin Edgar, Senior Counsel to House Financial Affairs Officer, Liberty Mutual Insurance Services Committee Chairman Jeb Hensarling (R-TX). • Joseph Murray, Vice President of Public Affairs, Mr. Edgar updated members on the committee’s upcoming Fidelity Investments agenda, including efforts to advance financial regulatory reform legislation. • Steven C. Webb, New Hampshire Market President, TD Bank • Ingrid E. White, Of Counsel, Rath, Young and Pignatelli In August 2017, the Committee hosted a briefing call with Joe Carapiet, Senior Counsel to Senate Banking, Housing & Urban In addition to these events, the report was distributed broadly to Affairs Committee Chairman Mike Crapo (R-ID). Mr. Carapiet New England Council members, members of the New England updated members on Chairman Crapo’s legislative agenda Congressional delegation and their staffs, and a variety of other for the fall and upcoming priority items, including financial policymakers and stakeholders throughout the region. regulatory relief and housing finance reform efforts.

Senior$afe Act Meeting with White House Economist In March 2017, The New England Council endorsed the On May 4, 2017, as part of the Council’s Annual Spring Event in Senior$afe Act of 2017. This bipartisan legislation, introduced Washington, DC, members of the Financial Services Committee by Sen. Susan Collins (R-ME) and Sen. Claire McCaskill met with Dr. Mark Calabria, Assistant to the Vice President and (D-MO) in January 2017, would establish measures to help Chief Economist for Vice President Mike Pence. Dr. Calabria protect seniors from financial exploitation and fraud by briefed members on the Trump Administration’s legislative and providing support to regulators, financial institutions, and regulatory priorities as they relate to the financial services sector. legal organizations to educate their employees about how to Over 30 Council members representing a broad cross-section of identify and prevent financial exploitation of older Americans. the financial services industry attended the meeting, which was Specifically, the bill would encourage financial institutions hosted by Nelson Mullins Riley & Scarborough. to report suspected senior financial fraud, and would in turn protect these institutions from being sued for making such reports so long as they have trained their employees, and make reports in good faith and on a reasonable basis to the proper authorities. Senators Angus King (I-ME) and Jeanne Shaheen (D-NH) are among the bill’s cosponsors.

In a letter to Senators Collins and McCaskill expressing its support for the bill, the Council noted that its membership includes a variety of financial institutions who provide savings and investment services to seniors, and that this legislation “will help them strengthen that bond of trust by empowering them to report signs of abuse or exploitation of older Americans to the proper authorities.”

10 2017 ANNUAL REPORT HEALTHCARE ADVOCACY INITIATIVES AND

New England is home to a large and diverse healthcare The Congressman, a member of the House Energy & Commerce sector, which continues to be a significant economic driver Committee—which has jurisdiction over healthcare policy—also in the region. The New England Council’s Healthcare discussed other healthcare issues currently before the committee, Committee includes representatives of health insurers and as well as his own priorities, particularly on issues related to plan providers; community, rural, and teaching hospitals; mental health. Approximately 30 members attended the meeting, pharmaceutical and medical device manufacturers and which was held on Capitol Hill. suppliers; independent physician organizations; non-profit policy organizations; and trade groups and associations Briefing with Sen. Elizabeth Warren’s Office representing the healthcare industry. In short, the On September 18, 2017, the Healthcare Committee met in committee represents a microcosm of the industry as a Boston and heard from Beth Pearson, Healthcare and Economic whole. In 2017, the Council’s Healthcare Committee, Advisor to Senator Elizabeth Warren (D-MA), a member of co-chaired by Deirdre Savage of Blue Cross Blue Shield the Senate’s Health, Education, Labor and Pensions (HELP) of Massachusetts and Laurel Sweeney of Philips Healthcare, Committee. Ms. Pearson provided members with updates on the focused primarily on efforts in Washington, DC, to HELP Committee’s bipartisan hearings on stabilizing the health repeal and replace the Affordable Care Act, as well as insurance marketplace, the Senate’s efforts to repeal and replace other federal policy matters that affect this critical sector the Affordable Care Act, and the prospects for Congressional of the New England economy. reauthorization of funding for the Children’s Health Insurance Program and community health centers. Discussion on the Future of the Affordable Care Act The Committee also discussed developing an analysis of the On March 27, the Healthcare Committee gathered for a meeting healthcare industry, with possible subject matter including the focused on the future of the Affordable Care Act (ACA) and integration of healthcare sectors, innovation in the healthcare efforts underway in Congress to repeal and replace the sweeping industry, and examining the changes in delivery of care. This healthcare reform law. Members first heard from Marc LeDuc, effort is expected to continue into 2018. General Counsel to Senator Susan Collins (R-ME), a member of the Senate Health, Education, Labor and Pensions (HELP) Committee. Mr. LeDuc, who called in to the meeting from Capitol Hill, briefed members on Republican-led efforts to repeal and replace the ACA, as well as Senator Collins’ own ACA replacement legislation, the Patient Freedom Act of 2017.

Later in the meeting, members heard from Jessica Tocco, Senior Vice President at Rasky Partners, a Council member. Ms. Tocco, who served on the Trump/Pence Presidential Transition Team for Health Care and Small Business, provided members with an overview of the new Administration’s priorities and plans for healthcare reform.

The meeting was hosted by Healthcare Committee Co-Chair Deirdre Savage at Blue Cross Blue Shield of Massachusetts in Boston. Board Member Laurel Sweeney of Philips Healthcare and Rep. Seth Moulton. Meeting with Rep. Joe Kennedy On May 3, 2017, Healthcare Committee members met with Representative Joe Kennedy III as part of the Council’s Annual Spring Event in Washington, DC. Congressman Kennedy updated members on Republican-led efforts on Capitol Hill to repeal and replace the Affordable Care Act, and outlined his concerns about the potential impact of such an action.

2017 ANNUAL REPORT 11 ADVOCACY INITIATIVES AND HIGHER EDUCATION

The New England region boasts a diverse array of institutions of higher learning, from large public universities, to small private colleges, to community and technical colleges, making the region a global hub of higher education. Our universities not only prepare our future leaders, but also play a critical role in the region’s economy, driving research and economic growth while also providing employment opportunities to thousands of New Englanders. Co-chaired by Dean College President Paula Rooney and Northeastern University’s Tim Leshan, The New England Council’s Higher Education Committee includes representatives from colleges, universities, and education-related non-profits throughout the six New Julie Lammers of American Student Assistance and Rep. Katherine Clark. England states. In 2017, the Committee continued to advocate for increased affordability and access to higher education, as well as development of the talent pipeline through research, innovation, and collaboration.

Special Event with the Under Secretary of Education In January 2017, The New England Council partnered with NEC member Northeastern University to host a special event featuring U.S. Under Secretary of Education Ted Mitchell. Under Secretary Mitchell spoke about the innovation imperative in higher education, and highlighted the Obama administration’s efforts to support American colleges and universities as they strive to educate the next generation of innovators. Mr. Mitchell also discussed the legacy that President Obama hoped to leave at the U.S. Department of Education Bill Hart of the Massachusetts Community Colleges Executive Office as the new Administration prepared to take office, focusing and Rep. Michael Capuano. specifically on efforts to improve transparency and to provide the best possible information to students and their families as they make important decisions about education. The event was held on Northeastern University’s Boston campus.

Support for Perkins CTE Reauthorization The New England Council has long supported career and technical education as a critical means to address the region’s skills gap and ensure that students graduate with the skills needed to contribute to the region’s growing innovation economy. In 2017, The New England Council joined a coalition of education institutions and employers to support the Strengthening Career and Technical Education for the 21st Century Act. The legislation would reauthorize the Carl D. Perkins Career and Technical Education (Perkins CTE) Act and make changes to better President Frank Sanchez of Rhode Island College and align programs with the needs of employers in growing sectors. Sen. Sheldon Whitehouse. In May 2017, the Council signed on to a letter to leaders of the

12 2017 ANNUAL REPORT ADVOCACY INITIATIVES AND

House Committee on Education and the Workforce asking for consideration of the bill, which was ultimately passed by the House in September 2017.

New England Innovates: Preparing the Innovation Economy Workforce In April 2017, the Higher Education Committee partnered with the Technology Committee to present “New England Innovates: Preparing the Innovation Economy Workforce.” The event was the second in a series developed by the Council to highlight how New England Council members are making contributions to drive innovation in the region. This second event highlighted innovative partnerships where institutions and employers are working collaboratively to address workforce Mica Stark of the University of New Hampshire and Sen. Maggie Hassan. needs. Andrea Cox, a senior executive at GE Aviation, provided keynote remarks, highlighting GE’s partnership with Northeastern University to prepare students for careers in Committee members also met with both Democratic and advanced manufacturing. Following Ms. Cox’s remarks, NEC Republican staff on the Senate Health, Education, Labor and President and CEO Jim Brett moderated a panel discussion Pensions (HELP) Committee, who updated NEC members on featuring representatives of several NEC member institutions: the Committee’s legislative priorities related to higher education • Dr. Gerald J. Fine, Director, Engineering Product Innovation policy and goals for 2017. The meetings provided members Center, Boston University; with the opportunity to highlight the Council’s priorities for the reauthorization of the HEA and other higher education reforms. • Daniel Hewett, Executive Director for Research and Partnered Projects, Rhode Island School of Design (RISD); Briefings with Sen. Warren Staff • Dr. Patricia Maguire Meservey, President, Salem State The Higher Education Committee held several conference University; and call briefings over the course of the year with Senator Elizabeth • Marc Sedam, Associate Vice Provost for Innovation and Warren’s senior education policy staffer, Joshua Delaney. New Ventures, University of New Hampshire. In June 2017, Mr. Delaney briefed the Higher Education Committee on the College Transparency Act, legislation that The panelists highlighted innovative approaches and employer Senator Warren introduced in May. The bill aims to modernize partnerships in place at their institutions to ensure that students the college reporting system for postsecondary data in order to have the skills needed to contribute to and thrive in the 21st provide greater transparency for students, families, institutions, century innovation economy. The event was hosted by Boston and policymakers. University at their Charles River Campus in Boston. During a December 2017 conference call, Mr. Delaney Capitol Hill Meetings with Key Education Committees discussed legislation before Congress that would impact the In May 2017, the Higher Education Committee held several higher education community, namely tax reform legislation meetings on Capitol Hill in conjunction with the Council’s and reauthorization of the Higher Education Act. Mr. Delaney Annual Spring Event in Washington, DC. Committee members stressed to members that Senator Warren is focused on first met with Rep. Virginia Foxx (R-VA), Chair of the House transparency and access to information in the higher education Committee on Education and the Workforce. The small group marketplace. He also told the Committee that Senator Warren meeting allowed members to highlight for Chairwoman Foxx would oppose tax increases on education. their key priorities and concerns as her committee works on legislation to reauthorize the Higher Education Act (HEA).

2017 ANNUAL REPORT 13 ADVOCACY INITIATIVES AND IMMIGRATION

The New England Council believes that immigrants play an important role and make valuable contributions to our region’s economy, and has long supported immigration policies that will allow immigrants to contribute their skills and training as members of our region’s workforce.

In September 2017, President Donald Trump announced that he would end the Deferred Action for Childhood Arrivals (DACA) program, which protects young adults brought to the U.S. illegally as children from deportation. In New England, approximately 15,000 young men and women are protected under the DACA program, commonly known as “Dreamers.”

Upon hearing from many members, including businesses who Board Member Paige Fetzer of Dell and Rep. Joe Kennedy. employ DACA participants and colleges and universities who count these young men and women among their student bodies, the Council wrote to members of the New England House and Senate delegations in October 2017 to express concern about the Administration’s decision. In its letter, the Council noted the valuable contributions Dreamers are making in our region—as students, as employees, and as members of the Armed Services. The Council pledged its support for our leaders in Congress as they work in the coming months to devise a long-term solution that will safeguard the tens of thousands of young men and women who were brought to the U.S. as children and have in recent years been protected under DACA.

Sen. Chris Murphy and David Crane of AutoDesk.

Rep. David Cicilline and Board Member Liz Chace Marino of Stop & Shop Supermarkets.

14 2017 ANNUAL REPORT TAX POLICY ADVOCACY INITIATIVES AND

The New England Council has long supported tax policies that promote economic growth and facilitate job creation, both here in New England and beyond. Over the years, the Council has advocated for tax provisions that foster the innovation that our region is so well-known for, and that encourage businesses to make investments that will drive continued growth. In 2017, as leaders in Congress and in the Administration worked to advance comprehensive tax reform, The New England Council worked to articulate the collective priorities and concerns of our membership to our leaders in Congress.

Principles for Effective Tax Reform Rep. Richard Neal and Board Member Theresa Pattara of Iron Mountain. In July 2017, as Congressional leaders considered reforms to our nation’s outdated and complicated tax code, The New England Council released its “Principles for Effective Tax Reform,” a set of broad recommendations for how best to update and improve the federal tax code. The principles were developed based on input and feedback from a variety of NEC members representing a broad range of industries throughout the region. In the principles, the Council encouraged a comprehensive approach to tax reform that addresses both business and individual tax provisions at the same time. The Council also recommended that the tax code be simplified to minimize the burden on businesses, and that all provisions be permanent to provide certainty to businesses. Finally, the Council urged Congress to preserve and enhance incentives for Americans to save and invest in their futures, and to enact tax reform that will continue to encourage the innovation and investment that is so Brian Eagle of Ernst & Young and Sen. Tom Carper. key to continued growth in New England. The New England Council shared these principles with members of the New England Congressional delegation, other key Congressional leaders, and with the Trump Administration.

Advocacy on Tax Reform Legislation As both the House and Senate considered wide-ranging tax reform legislation in November and December 2017, the Council heard from a wide variety of members expressing concerns with certain provisions of both the House and Senate proposals. The Council worked with our members to compile information on some of the key concerns, particularly as they related to several particular sectors: financial services, healthcare, and higher education. The Council prepared a set of statements that outlined the key concerns in each of these sectors, and shared them first with members of The New Rep. John Larson and Marylee Hanley of Enbridge. England delegation, and later—once bills passed both the House and the Senate—with members of the conference committee charged with developing a compromise of the two proposals.

2017 ANNUAL REPORT 15 ADVOCACY INITIATIVES AND TECHNOLOGY

New England is home to some of the world’s leading technology companies, and is the birthplace of many of the technologies that Americans use in their daily lives. From software developers, to internet technology providers, to telecommunications firms, to biotech and life sciences companies, New England is home to a thriving, multi- billion-dollar technology sector. Our region is considered a global innovation hub, and technologies and devices developed in New England have changed the way that we do business around the world. The technology sector also represents a large and consistently growing percentage of our region’s workforce. In 2017, the Council’s Technology Committee focused primarily on policies and initiatives aimed at developing a skilled workforce to fill critical Tim Leshan of Northeastern University and Rep. Seth Moulton. positions in the technology sector.

New England Innovates: Preparing the Innovation CHANCE in TECH Act Economy Workforce Building on The New England Council’s long history of In April 2017, the Technology Committee partnered with support for apprenticeships and other experiential learning the Higher Education Committee to present “New England opportunities as a means to ensure a strong talent pipeline in Innovates: Preparing the Innovation Economy Workforce.” the region, the Council endorsed the CHANCE in TECH The event was the second in a series developed by the Council— (Championing Apprenticeships for New Careers and Employees and spearheaded by the Technology Committee—to highlight in Technology) Act. This bipartisan legislation was introduced how New England Council members are making contributions by Representative Seth Moulton (D-MA) in July 2017 and to drive innovation in the region. This second event highlighted seeks to address the growing skills gap in the technology sector innovative partnerships where institutions and employers are through expanding and investing in technology apprenticeship working collaboratively to address workforce needs. Andrea Cox, programs. In September 2017, The New England Council sent a senior executive at GE Aviation, provided keynote remarks, a letter to all members of the New England House delegation highlighting GE’s partnership with Northeastern University urging them to support this commonsense legislation. to prepare students for careers in advanced manufacturing. The CHANCE in TECH Act would create public-private Following Ms. Cox’s remarks, NEC President and CEO Jim partnerships to serve as intermediaries between employers Brett moderated a panel discussion featuring representatives participating in registered apprenticeship programs, industry of several NEC member institutions: and training partners, and government entities. Under this • Dr. Gerald J. Fine, Director, Engineering Product Innovation proposal, each intermediary would be responsible for assessing Center, Boston University; and training potential apprentices, minimizing the burden on participating employers by tracking success indicators, and • Daniel Hewett, Executive Director for Research and managing other reporting requirements. The New England Partnered Projects, Rhode Island School of Design (RISD); Council believes that this legislation will help to better align • Dr. Patricia Maguire Meservey, President, Salem State workforce training with local and regional demands, and that University; and many of our members would welcome the opportunity to • Marc Sedam, Associate Vice Provost for Innovation and participate in such apprenticeship programs. New Ventures, University of New Hampshire.

The panelists highlighted innovative approaches and employer partnerships in place at their institutions to ensure that students have the skills needed to contribute to and thrive in the 21st century innovation economy. The event was hosted by Boston University at their Charles River Campus in Boston.

16 2017 ANNUAL REPORT TRADE ADVOCACY INITIATIVES AND

The New England Council supports free trade to allow businesses to buy and sell goods and establish direct investments in markets around the world without impediment. The U.S. must ensure that it is pursuing every course of action possible to get American goods and service exports into the world’s expanding marketplace. As such, The New England Council also supports policies that ensure our members can compete freely and fairly on a global scale. The Council’s Trade Working Group—open to all NEC members across various sectors—continues to promote trade as a key component of our region’s economy. With a renegotiation of the nation’s most consequential trade pact—NAFTA—underway, the Trade Working Group, chaired by Viji Rangaswami of Liberty Mutual, Sarah Delude and James Colimon of the City of Boston with continued to be a critical voice in expressing the views and Danish Ambassador Lars Gert Lose (C). concerns of New England’s business community to Congress and the Administration in 2017.

Comments on NAFTA Renegotiation With the announcement by the Trump Administration that the United States would seek to modernize the North American Free Trade Agreement (NAFTA), The New England Council began closely monitoring the Administration’s actions relative to the renegotiation of NAFTA. In June 2017, the Council responded to a request for comments issued by the Office of the U.S. Trade Representative regarding the renegotiation. Based on feedback from Trade Working Group members, the Council’s letter emphasized the importance to our region of the strong trade relationships among the three NAFTA parties—the Nasim Fussell of Pitney Bowes and Sen. Richard Blumenthal. United States, Mexico, and Canada. The comment letter also expressed the Council’s belief that some modification of the agreement is appropriate, particularly since new industries have developed since NAFTA was first created. The letter pointed out areas of potential agreement such as through regulatory harmonization. The letter also stressed that a modernized NAFTA must look to the future and include provisions that promote e-commerce, digital trade in goods and services, intellectual property protections, and the free flow of cross- border data. Finally, the Council reiterated the importance of NAFTA modernization benefiting all three nations as well as the New England region.

Federal Trade Agencies Resources Forum In September 2017, The New England Council continued its long history of support for promoting exports and export policy Ken Recke of UPS and Rep. Niki Tsongas. by hosting a special event highlighting the various federal export promotion resources that are available to businesses across New

2017 ANNUAL REPORT 17 ADVOCACY INITIATIVES AND TRADE CONTINUED

England. The event featured a panel discussion with senior in the negotiations, Ms. Young indicated that USTR was in representatives of the Export-Import Bank, the U.S. Trade consultation with members of Congress and was committed Development Agency (TDA), the Overseas Private Investment to maintaining a strong working relationship with legislators Corporation (OPIC), and the Department of Commerce’s as the process moves forward. International Trade Administration. Each representative provided an overview of the services and resources provided Massachusetts Export Expo by each agency to assist businesses as they expand export On December 8, 2017, the Council served as a supporting opportunities. The Council was pleased to partner with nine partner for the Massachusetts Export Expo. Presented by business organizations and their members from across the region the Massachusetts Export Center, the expo is the state’s in order to optimize the access to the resources highlighted at largest export event, providing a forum for exporters to connect this event. with the wide variety of export resources while learning about issues that impact their day-to-day export operations. USTR Briefing on NAFTA Richard Ashooh, Assistant Secretary of Commerce for Export In October 2017, the Council hosted a briefing with Administration at the U.S. Department of Commerce, was the Stewart Young, Deputy Assistant Trade Representative for event’s keynote speaker. A variety of other presentations and Intergovernmental Affairs and Public Engagement at the panel discussions throughout the day featured experts from Office of the U.S. Trade Representative (USTR). Ms. Young the U.S. Small Business Administration (SBA), the Office of provided some 35 Council members with an update on NAFTA the U.S. Trade Representative (USTR), and CEOs and other negotiations just as the 4th round of talks in Washington, DC, senior executives from a variety of businesses and organizations concluded. Ms. Young briefed members on discussions focused involved in exporting. on such issues as rules of origin, intellectual property (IP) and digital trade. Ms. Young stressed that reducing the trade deficit New England Council President and CEO Jim Brett served as a was among the USTR’s top priorities, and that in addition to panelist for a discussion entitled, “The Word from Washington: possibly modifying the rules of origin, changes in services and Hot Topics in Trade Policy.” During the discussion, Jim provided digital trade rules could also help to reduce the deficit. Ms. updates on some of the Council’s trade policy priorities, including Young noted the vast technological changes that many industries the renegotiation of NAFTA and the continued operation of the had undergone since the agreement was first negotiated more Export-Import Bank. than twenty years ago, and that they could benefit from updated trade rules. When asked about Congressional involvement

Consul General David Alward of the Canadian Consulate and Stephen Costello of the Bank of Canton and Irish Ambassador Gov. Chris Sununu. Daniel Mulhall.

18 2017 ANNUAL REPORT TRANSPORTATION ADVOCACY INITIATIVES AND

Here in New England, safe and efficient transportation infrastructure is critical to continued economic growth. In our 21st century global economy, businesses of all types and sizes rely on our transportation systems—including roadways, air, rail, and waterways—to transport both goods and personnel throughout the region and beyond. The New England region of course faces a unique set of transportation challenges given the region’s aging infrastructure and harsh winter climate. Under the leadership of committee chair Steve Silveira of ML Strategies, The New England Council’s Transportation Committee continues to advocate for investment in our region’s infrastructure in order to meet the region’s economic needs. Akbar Rohanifar of Turkish Airlines and Rep. Bill Keating.

Capitol Hill Meeting with Transportation & Infrastructure Committee Staff twenty-one weekly frequencies. The New England Council wrote In May 2017, members of The New England Council’s to Secretary Elaine Chao to reiterate the strong support in New Transportation Committee had the opportunity to meet England to initiate regular non-stop air service from Boston to with House Transportation and Infrastructure (T&I) Havana, Cuba, and to offer the Council’s endorsement of JetBlue’s Committee Chief of Staff Matt Sturges. This meeting was once-weekly proposal. In the letter, the Council stressed that the held in conjunction with the Council’s Annual Spring Event area’s leading healthcare, bio-tech, educational institutions, as well in Washington, DC. During his briefing, Mr. Sturges updated as thousands of Cuban-Americans would benefit tremendously members on key issues that would come before the T&I from such air service. Committee during the 115th Congress, including the need for a multi-year reauthorization of the programs and funding Support for Port of Boston Upgrade for the Federal Aviation Administration (FAA). Mr. Sturges The Paul W. Conley Container Terminal is the heart of Boston’s provided his insight on the effort by T&I Committee Chairman working port and New England’s only full-service container Bill Shuster to reform the nation’s air traffic control system, terminal. It generates some $4.6 billion in annual economic which was described as a key component of the bill the impact and provides good-paying jobs to thousands of individuals Chairman would like to see enacted. Also discussed during as it supports some 1,600 businesses across Massachusetts and the meeting was the possibility of a major infrastructure throughout New England. While container volume continues to investment package given the President’s stated support. grow at the terminal, it must be modernized to accommodate the vessels it currently serves, and—with the opening of the expanded Continued Support for Flights to Cuba Panama Canal—to be prepared for even larger vessels in the When former President Barack Obama renewed relations future. To help accommodate this growth, the Massachusetts Port between the United States and Cuba, one result of that effort Authority (Massport)—a Council member— submitted a federal was the opening of scheduled air service between the two nations. Infrastructure for Rebuilding America (INFRA) grant request New England Council member JetBlue applied to serve Havana to the U.S. Department of Transportation to meet the expansion from Boston’s Logan International Airport, and in March 2016, demands at the port. In November 2017, The New England The New England Council sent a letter to then-Secretary of Council sent a letter of support for the grant application, noting Transportation Secretary Anthony Foxx urging that he support the vital role Conley Terminal plays in the regional economy and JetBlue’s proposal. Unfortunately, that route was not chosen as its contribution to the national freight transportation system. most of the available frequencies for service favored trips between Havana and Florida. In June 2017, however, two airlines that had been awarded air service between the U.S. and Havana determined they would no longer offer such service, opening

2017 ANNUAL REPORT 19 ANNUAL SPRING EVENT

Over 250 New England Council members gathered in our nation’s capital on May 3 and 4, 2017, for our Annual Spring Event. Among those members participating in EVENTS the two-day event were representatives from all six New England states and virtually every sector of the region’s economy.

We kicked off the Annual Spring Event on Wednesday, May 3, with a briefing with several senior federal agency officials. The briefing was held at the historic Willard Intercontinental Hotel, just steps from The White House. Members heard from an impressive lineup of speakers, including Dr. France Cordova, Director of the National Science Foundation (NSF); Richard Cordray, Director of the Consumer Financial Protection Mike McBride of BAE Systems and Rep. Ann Kuster. Bureau (CFPB); Chip Fulghum, Acting Under Secretary for Management at the U.S. Department of Homeland Security (DHS); and Michael O’Rielly, Commissioner of the Federal Communications Commission (FCC).

That evening, participants gathered in the Kennedy Caucus Room in the Russell Senate Office Building for our Annual Capitol Hill Reception. Always a highlight of the Annual Spring Event, most members of the New England Congressional delegation, as well as members of their staffs, attended the reception.

On Thursday, May 4, we were honored to welcome several members of Congress at a Congressional Breakfast at Charlie Palmer Restaurant at the foot of Capitol Hill. NEC members in attendance heard from the leaders of the House Ways Joann Simons of Northeast ARC and Sen. Patrick Leahy. and Means Committee, Chairman Kevin Brady (R-TX), and Ranking Member Richard Neal (D-MA), who updated members on efforts to advance comprehensive tax reform. Other speakers included Representatives Elizabeth Esty (D-CT) and Peter King (R-NY).

Following the breakfast, members broke off into smaller groups for a variety of policy committee meetings with Congressional staff and other federal officials.

Rebecca Frisch of TD Bank, Mike Mattoon of Vertex Pharmaceuticals, and Rep. Richard Neal.

20 2017 ANNUAL REPORT Sen. Susan Collins and Board Member Deirdre Savage Rep. Kevin Brady and Board Member Pam Everhart of Rep. Joe Courtney, Board Member Beth Barton of of Blue Cross Blue Shield of Massachusetts. Fidelity Investments. Day Pitney, and Jennifer Widness of the Connecticut Conference of Independent Colleges. large photo top: Sen. Elizabeth Warren and Michael Curry of the Massachusetts League of Community Health Centers.

2017 ANNUAL REPORT 21 ANNUAL DINNER

With over 1,700 members and guests in attendance, The Honorable Charles D. Baker The New England Council’s 2017 Annual Dinner was one Governor, The Commonwealth of Massachusetts of the largest and most successful in the Council’s history. EVENTS Collette Divitto Held on October 30, 2017, at the Seaport Hotel/World Founder, Collettey’s Cookies Trade Center in Boston, the dinner was co-chaired by Darren Donovan, Managing Principal at KPMG and Joseph L. Hooley Chairman and CEO, State Street Corporation Bob Rivers, Chairman and CEO of Eastern Bank. Navyn Salem The highlight of the evening was the presentation of the Founder and CEO, Edesia 2017 New Englander of the Year awards. We were pleased to honor several distinguished recipients this year:

Honoree Collette Devitto and Irish Tenor Ronan Tynan.

Navyn Salem of Edesia accepts her award from Bob Rivers of Eastern Bank.

22 2017 ANNUAL REPORT Gov. Charlie Baker accepts his award from Board Member Ed Murphy of Empower Retirement, Navyn Jay Hooley of State Street accepts his award from Gov. Gina Raimondo. Salem of Edesia, and John Fish of Suffolk Construction. Darren Donovan of KPMG. large photo top: NEC Chairman John Hailer, NEC President & CEO Jim Brett, Jay Hooley of State Street, Dinner Co-Chair Bob Rivers of Eastern Bank, Collette Divitto of Collettey’s Cookies, Dinner Co-Chair Darren Donovan of KPMG, Navyn Salem of Edesia, and Gov. Charlie Baker. 2017 ANNUAL REPORT 23 CONGRESSIONAL ROUNDTABLE SERIES

The Congressional Roundtable series offers The New England Council members the opportunity to hear from and interact with members of Congress, including members EVENTS of the New England delegation, as well as leaders from other parts of the country who are working on issues of economic importance to our region. Throughout 2017, The New England Council hosted over 30 Congressional Roundtable events in all six New England states.

Connecticut Representative Joseph Courtney Representative Elizabeth Esty Representative John Larson Matt Veno of Harvard Pilgrim Health Care and Sen. Tom Carper. Maine Senator Angus King Representative Chellie Pingree Representative Bruce Poliquin

Massachusetts Senator Ed Markey Senator Elizabeth Warren Representative Michael Capuano Representative Katherine Clark Representative William Keating Representative Stephen Lynch Representative Joseph Kennedy III Representative James McGovern Representative Richard Neal Capt. Elizabeth Stevenson of the Massachusetts Maritime Academy Representative Niki Tsongas and Rep. Jim McGovern. Beyond New England New Hampshire Senator Tom Carper, Delaware Senator Maggie Hassan Senator Thom Tillis, North Carolina Senator Jeanne Shaheen Representative Andy Barr, Kentucky Representative Ann Kuster Representative Blaine Leutkemeyer, Missouri Representative Tom Reed, New York Rhode Island Representative Adam Schiff, California Senator Jack Reed Representative Ann Wagner, Missouri Senator Sheldon Whitehouse Representative Lee Zeldin, New York Representative James Langevin Representative David Cicilline The New England Council gratefully acknowledges the Vermont support of the MetroHartford Alliance, with whom we are proud to partner on all Connecticut events. Representative Peter Welch

24 2017 ANNUAL REPORT Dan Forte of the Massachusetts Bankers Association, Sheri Lauten of Eversource Energy and Rep. Bruce Poliquin. Board Member Tom Samoluk of John Hancock and Rep. Stephen Lynch, and Steven Antonakes of Rep. Adam Schiff. Eastern Bank. large photo top: Sen. Ed Markey and Board Member Mark Reilly of Comcast.

2017 ANNUAL REPORT 25 CAPITAL CONVERSATIONS SERIES

The New England Council’s Capital Conversations series in Washington, DC, continued to be a popular forum for discussion of key issues before Congress in 2017, both for EVENTS Council members and for members of Congress. Similar to our Congressional Roundtable series in New England, Capital Conversations—first launched in 2013—features members of Congress and other key federal policy makers at breakfast forums in the nation’s capital. The goal of the series to provide our members who are based in Washington with the opportunity to hear from our Congressional leaders about their priorities and their work on key economic issues in a smaller forum conducive to questions and conversation. Engel Burns of Shire and Sen. Richard Blumemthal. The New England Council was pleased to host the following guests at our Capital Conversations series during 2017:

Sen. Richard Blumenthal (D-CT) Sen. Maggie Hassan (D-NH) Sen. Ed Markey (D-MA) Sen. Chris Murphy (D-CT) Sen. Jeanne Shaheen (D-NH) Sen. Sheldon Whitehouse (D-RI) Rep. Joe Kennedy (D-MA)

Sen. Sheldon Whitehouse and Sevil Altinsoy of Turkish Airlines.

Sen. Maggie Hassan and David DeSalle of Rubin & Rudman.

26 2017 ANNUAL REPORT Rep. Joe Kennedy and Susan Olson of Sen. Ed Markey and Joe Donovan of Nelson Mullins. Sen. Chris Murphy and Bill Klein of MITRE. Natixis Global Asset Management. large photo top: Sen. Jeanne Shaheen and Amy Carnevale of K&L Gates.

2017 ANNUAL REPORT 27 FEATURED PROGRAMS

Periodically throughout the year, The New England New England Innovates: Preparing the Innovation Council hosts special events or roundtables with other Economy Workforce key federal policy makers and regional leaders, as well On April 27, Boston University hosted an event in the EVENTS as forums to educate our members on important issues Council’s “New England Innovates” series focused on how facing the business community. During 2017, the colleges and universities are partnering with employers Council hosted a variety of featured programs: to prepare the next generation of workers for the region’s innovation economy. Perspectives on the 115th Congress Breakfasts with Gov. Chris Sununu On January 19, as the 115th Congress got under way, the Council hosted a discussion with several former elected During his first year in office, New Hampshire Gov. officials who shared their insights on what to expect in Chris Sununu spoke to Council members on two occasions, the year ahead. Speakers were former Senator Kelly Ayotte, including a May 24 breakfast in Boston, hosted by Bank former U.S. Representatives Bill Delahunt and Barney of America, and an October 24 breakfast in Bedford, NH, Frank, and former Governor John H. Sununu. sponsored by BAE Systems.

Breakfast with Boston Mayor Marty Walsh New Hampshire Presentation of NEC Financial Services Report Mayor Marty Walsh spoke to over 200 Council members, On June 29, the Council partnered with the New Hampshire sharing his priorities for the year ahead, at a January 26 Bankers Association to host a presentation of the Council’s breakfast forum hosted by Bank of America. new report on the region’s financial services industry in Breakfast with Gov. Gina Raimondo Concord, NH. Rhode Island Governor Gina Raimondo highlighted her Opportunities with Federal Trade Agencies work to promote economic growth in Rhode Island, as well On September 7, the Council convened a forum in Boston as her work with fellow New England governors on issues featuring representatives of several federal agencies who of regional importance, at a March 29 breakfast in Boston, outlined the various resources available to businesses seeking sponsored by Citizens Bank. to increase exports and access foreign markets. The event Breakfast with Gov. Charlie Baker was hosted by The Hampshire House. On April 13, Massachusetts Gov. Charlie Baker spoke Breakfast with the Nordic Ambassadors to over 300 NEC members about his priorities for the The Council hosted Ambassadors and other senior Bay State and his strong collaborative relationships with diplomatic representatives of the five Nordic nations at a his fellow New England governors at a breakfast hosted by breakfast in Boston on November 9. Nations represented Bank of America. included Denmark, Finland, Iceland, Norway, and Sweden, Breakfast with Attorney General Maura Healey and The Embassy of Denmark sponsored the breakfast. Massachusetts Attorney General Maura Healey spoke to Breakfast with Irish Ambassador Daniel Mulhall Council members about some of her office’s key initiatives On November 15, Daniel Mulhall, Ireland’s Ambassador at a breakfast hosted by The Hampshire House in Boston to the United States, spoke to NEC members about the on April 20. important economic relationship between Ireland and the Congressional Roundtable with the New US at a breakfast hosted by The Hampshire House. Democrat Coalition On April 24, the Council hosted a special Congressional Roundtable with members of the New Democrat Coalition, including Rep. Jim Himes (D-CT), who chairs the coalition, and members Rep. Ron Kind (D-WI), Rep. Seth Moulton (D-MA), and Rep. Terri Sewell (D-AL). The event was hosted by WilmerHale at their Boston office.

28 2017 ANNUAL REPORT Former Rep. Bill Delahunt, Former Sen. Kelly Ayotte, Mayor Marty Walsh and Miceal Chamberlain of Attorney General Maura Healey and Dennis Leonard and Former Rep. Barney Frank. Bank of America. of Delta Dental of Massachusetts. large photo top: Ed Donahue (C ) of Aflac, with members of the New Democrat Coaltion (L-R) Rep. Jim Himes, Rep. Seth Moulton, Rep. Terri Sewell, and Rep. Ron Kind.

2017 ANNUAL REPORT 29 ABOUT THE COUNCIL DC DIALOGUE

Each month, The New England Council partners with Guests appearing on “DC Dialogue” in 2017 included: New England Cable News (NECN) to produce “DC Michael F. Collins, MD, Chancellor Dialogue,” a half-hour public affairs discussion show airing University of Massachusetts Medical School on NECN on Sunday mornings. Veteran Boston television Mayor Joseph Curtatone journalist Eileen Curran is the show’s moderator, and City of Somerville, MA New England Council President & CEO Jim Brett is the show’s regular panelist. Richard Doherty, President Association of Independent Colleges & Universities Through thoughtful discussions with key federal policy in Massachusetts (AICUM) makers, regional business leaders, and economic and Dan Dolan, President political experts, “DC Dialogue” explores decisions made New England Power Generators Association on Capitol Hill and their impact on the New England Patrick Griffin, Founding Partner + CEO economy. During 2017, the show highlighted a wide range Merrimack Potomac + Charles of important issues, including regional energy challenges, federal research funding, the possible repeal of the James W. Hunt, Ph.D., President and Chief Executive Officer Affordable Care Act, immigration policies, economic Massachusetts League of Community Health Centers development, and the political climate in Washington, DC. U.S. Representative Stephen Lynch Marty Meehan, President University of Massachusetts Thomas P. O’Neill III, Chief Executive Officer O’Neill and Associates David Paleologos, Director Suffolk University Political Research Center James Pindell Boston Globe Political Reporter Eric H. Schultz, President and Chief Executive Officer Harvard Pilgrim Health Care Scott Spradling, Political Analyst The Spradling Group Jessica Tocco, Senior Vice President ML Strategies David Torchiana, MD, President and Chief Executive Officer Partners HealthCare Mayor Marty Walsh Eileen Curran and Jim Brett on set with President Marty Meehan City of Boston, MA of the University of Massachusetts.

30 2017 ANNUAL REPORT BOARD OF DIRECTORS ABOUT THE COUNCIL

Chaired by John Hailer, the President, Asset Management at 1251 Capital Group, The New England Council’s Board of Directors includes some of the top executives at New England’s most well-known and highly respected institutions. Bringing expertise from a wide range of industries and a deep understanding of the unique elements of the New England economy, the board works closely with Council staff to identify issues and policies in which the Council should be engaged, to shape the council’s policy positions, and to develop high-quality programming for members.

The following is a list of board members as of December 2017.

CHAIRMAN Connie L. Brennan John T. Hailer Senior Vice President, Northern Group Manager President, Asset Management TD Bank 1251 Capital Group Portland, ME Boston, MA Greg Butler TREASURER Senior Vice President & General Counsel Thomas F. Flannery Eversource Energy Co-Leader, Americas Wealth Hartford, CT and Asset Management Elizabeth A. Chace-Marino Ernst & Young LLP Senior Manager of Government Affairs Boston, MA Ahold USA Retail Gov. Charlie Baker and Joe Dalton of Engie. SECRETARY Quincy, MA James T. Brett Kevin C. Conroy Steven R. DiSalvo President & CEO Partner President The New England Council Foley Hoag LLP Saint Anselm College Boston, MA Boston, MA Manchester, NH Joseph Alviani Thomas Croswell Darren Donovan Vice President for Government Affairs President and Chief Operating Officer Managing Principal Partners HealthCare System, Inc. Tufts Health Plan KPMG LLP Boston, MA Watertown, MA Boston, MA Dr. Joseph Aoun Jay Curley Pamela Everhart President Executive Vice President of Corporate Affairs, Senior Vice President & Head of Regional Northeastern University Chief of Staff to the CEO Public Affairs and Community Relations Boston, MA Beacon Health Options Fidelity Investments Boston, MA Joseph Baerlein Boston, MA President Ann M. Daley Joseph Fay Baerlein Partners LLC Vice President, Government & General Counsel Boston, MA Regulatory Affairs Yankee Atomic Electric Company Wicasset, ME Joseph J. Barry Pitney Bowes Senior Vice President – Regulatory, Stamford, CT Paige Fetzer Industry and Government Affairs Joseph Dalton Director for Global Government Affairs State Street Corporation Director, Government & Regulatory Affairs Dell Technologies Boston, MA ENGIE North America Hopkinton, MA Elizabeth C. Barton Boston, MA John F. Fitzgerald Partner Gerald “Jerry” Daly Partner Day Pitney LLP Senior Vice President New Boston Strategies Group Hartford, CT Optum Boston, MA Christienne K. Bik Hartford, CT Thomas F. Flaherty Director of Government Relations Alex Dimitrief Vice President Fallon Health Senior Vice President & General Counsel Sprague Operating Resources LLC Worcester, MA GE Portsmouth, NH Peter T. Bowman Boston, MA William J. Geary Vice President MA/RI External Affairs Robert A. DiMuccio External Counsel Verizon Chairman, President & CEO Clean Harbors Environmental Services, Inc Boston, MA Amica Mutual Insurance Company Norwell, MA Lincoln, RI

2017 ANNUAL REPORT 31 ABOUT THE COUNCIL BOARD OF DIRECTORS CONTINUED

Paul Gentile Dennis J. Kearney Lauren Liss President & CEO Partner President and CEO Cooperative Credit Union Association Kearney, Donovan & McGee, P.C. MassDevelopment Marlborough, MA Boston, MA Boston, MA Thomas P. Glynn John D. Keenan Raymond G. Long Chief Executive Officer & Executive Director President Vice President, National, State and Massachusetts Port Authority Salem State University Federal Government Affairs Boston, MA Salem, MA NRG Energy, Inc. Middletown, CT David Goggin Executive Director, State Government Christopher J. MacKenzie Affairs & Policy Office Managing Partner – Boston Amgen, Inc. RSM Cambridge, MA Boston, MA Becca Gould James Mahoney Senior Vice President, Public Affairs Senior Vice President American Tower Corporation Bank of America Boston, MA Boston, MA James A. Grasso Paul Mattera President & CEO Board Member Ex-Officio Grasso Associates, LLC Becca Gould of American Tower and Swampscott, MA Sen. Angus King. Needham, MA Timothy C. McDougald Patrick Griffin Managing Director, New England Founding Partner + CEO Edmund C. Kenealy Operations Leader Merrimack Potomac + Charles Senior Vice President, Deputy General Marsh USA Inc. Boston, MA Counsel & Chief Public Affairs Officer Boston, MA Liberty Mutual Insurance Kevin R. Hennessy Boston, MA Frank McDougall Director of Federal, State & Local Affairs Vice President Emeritus, Government Relations in New England Victoria Reggie Kennedy Dartmouth Hitchcock Medical Center Dominion Resources, Inc. Senior Counsel Lebanon, NH Waterford, CT Greenberg Traurig, LLP Boston, MA Patrick C. McHugh Peggy L. Ho Fairpoint Communications Executive Vice President, Government Relations William F. Kennedy Manchester, NH Partner LPL Financial Kevin M. McGovern Boston, MA Nutter McClennen & Fish LLP Boston, MA Managing Partner, New England Thomas F. Holt, Jr. Deloitte Partner Thomas Kershaw Boston, MA Owner & President K&L Gates, LLP Marty Meehan Boston, MA The Hampshire House Boston, MA President James W. Hunt, Jr. University of Massachusetts President & CEO Courtney Larkin Boston, MA Vice President of Government Relations MA League of Community Health Centers Dianne M. Mercier Boston, MA Travelers Hartford, CT President – New Hampshire Ryan E. Hutchins People’s United Bank Senior Vice President Todd J. Leach Manchester, NH Chancellor Gilbane Building Company Edmund F. Murphy III Boston, MA University of New Hampshire System Concord, NH President & CEO Patricia Jacobs Empower Retirement President Matthew B. LeBretton Boston, MA Director of Public Affairs AT&T New England Robert C. Murray Boston, MA New Balance, Inc. Brighton, MA President Mark C. Kalpin Bond Brothers, Inc. Partner Annmarie Levins Everett, MA Holland & Knight Microsoft Corporation Boston, MA Cambridge, MA

32 2017 ANNUAL REPORT ABOUT THE COUNCIL

Joseph R. Nolan, Jr. Graham Shalgian Senior Vice President, Corporate Relations Senior Vice President Eversource Energy Rasky Partners, Inc. Boston, MA Boston, MA William M. Parent Gregory H. Smith President and CEO Senior Director Blue Hills Bank McLane Middleton Norwood, MA Concord, NH Theresa Pattara John W. Stadtler Vice President, North America Partner and PwC Financial Services Industry Leader Government Affairs Gen. Michael Hayden and Ed Kenealy of Iron Mountain Liberty Mutual. PwC Boston, MA Boston, MA Michele D. Perkins Mark E. Reilly Joanne M. Sullivan President Senior Vice President of Government and Vice President & Director of Government New England College Regulatory Relations, Northeast Division & Community Relations Henniker, NH Comcast Cable Communications Federal Home Loan Bank Boston Manchester, NH Boston, MA Robert F. Rivers Laurel Sweeney Chairman and Chief Executive Officer Senior Director, Health Economics Eastern Bank & Market Access Boston, MA Philips Healthcare Ken Robinson Andover, MA Senior Vice President & Director H. Lawrence Tafe, III of Government Affairs Of Counsel Citizens Bank Day Pitney LLP Providence, RI Boston, MA Teresa R. Rosenberger Jesse O. Villarreal Rep. Ann Wagner and Peggy Ho of President Executive Vice President of Government LPL Financial. Devine Strategies Affairs and Public Policy Director Manchester, NH Santander Matthew F. Power Thomas Samoluk Boston, MA Executive Vice President, Head of Vice President & Counsel, Christopher P. Vincze Strategic Development Government Relations Chairman & CEO Lexington Insurance Company John Hancock Financial Services TRC Companies, Inc. Boston, MA Boston, MA Lowell, MA Mike Prentiss Mark Santos Daniel W. Walker Senior Manager, State Government Relations President, New England Market Chair, Government Affairs Practice Group & Global Government Communications Aetna Inc. PretiFlaherty Procter & Gamble Hartford, CT Augusta, ME Boston, MA Michael D. Sargent Kenneth K. Quigley, Jr. Senior Director, Government Affairs President CVS Health Curry College Portland, ME Milton, MA Deirdre W. Savage Thomas D. Rath Senior Director of Government Managing Partner and Regulatory Affairs Rath, Young, and Pignatelli, P.A. Blue Cross Blue Shield of Massachusetts Concord, NH Boston, MA Marcy L. Reed Eric H. Schultz Executive Vice President, Business President & CEO Operations, Engineering & Process Harvard Pilgrim Health Care Sen. Tom Carper and Xaykham National Grid USA Wellesley, MA Khamsyvoravong of Webster Bank. Waltham, MA

2017 ANNUAL REPORT 33

Ira Jackson of Brandeis University and Rep. Katherine Clark. Carol McKean Events Castle Group Catholic Medical Center CBIA Centene Corporation Boston Private Bank Company & Trust Boston Red Sox Scientific Boston Boston University Foundation Aneurysm Brain Brandeis University * Brennan Inc. Group, Bridgewater State University Bridgewell Boston Consulate-General British Brookfield Renewable * Harriman Brothers Brown Brown Rudnick LLP Brown University College Community Hill Bunker Burson-Marsteller Capital Advocates, LLC Capital Power Corporation Capitol Counsel LLC * Caprio Consulting LLC * Carbon Finance Strategies LLC Card & Associates * Cardinal Cushing Centers, Inc.

* * Association of Independent Colleges and University Rhode of Island Assumption College AT&T Autodesk, Inc. * AutoFair Automotive Group College Babson BAE Systems, Inc. Baerlein Partners LLC * Bank Savings Bangor Bank America of Bank Canton of Banyan Capital Tree Bar Harbor Bank * & Trust Barron Associates Beacon Capital Partners, LLC Beacon Health Options Beacon Strategies Group College Becker Bedford Village Inn Bellwether Community Credit Union Benjamin Franklin Institute Technology of * Bernstein Bernstein Shur Beth Israel Deaconess Medical Center Beveridge & Diamond PC Biogen Bi-State Primary Care Association CrossBlue Shield Blue Massachusetts of CrossBlue Shield Blue Vermont of HillsBlue Bank Bond Brothers, Inc. Boston Beer Company Celtics Boston Boston Community Capital * Boston Foundation Hotel Harbor Boston Boston Harbor Now Boston Home

New Hampshire Arden Corporation Arent Fox LLP Ascentria Care Alliance * Association of Independent Colleges and Universities in Massachusetts (AICUM) the Federal Home Loan Bank of Boston. Capital * Group 1251 AAA Northeast AARP ActBlue Inc. Ventures, ADS Aetna Inc. Aflac Agency 451 Ahold USA Retail Akin, Gump, Strauss, Hauer & Feld LLP Alternate Concepts, Inc. Altria Client Services Ameresco, Inc. American Airlines American Hospital Association American Red Cross Massachusetts of American Student Assistance American Corporation Tower Amgen Amica Mutual Insurance Company Anbaric Development Partners Anna Maria College Anthem Cross Blue Shield Blue of Rep. Chellie Pingree and Joanne Sullivan of MEMBERS The following isa list all of NewEngland New members who joined the Council Council members as December of 2017. are an by denoted asteriskduring 2017 (*). 34 2017 ANNUAL34 2017 REPORT ABOUT THE COUNCIL ABOUT THE COUNCIL 2017 ANNUAL2017 REPORT 35 * Easter Seals Massachusetts Easter Eastern Bank SeamansEckert Economic Development Research Inc. Group, EDC Edward M. Kennedy Institute for the United States Senate Effective Advocates, LLC Communications Elevare Eli Lilly & Company Emera Energy Emerson College Airline Emirates College Emmanuel Enbridge Endicott College ENGIE North America Entergy ERA Dawson-Bradford Realtors Ernst LLP & Young Eversource Energy HealthEye Services, Inc. Fallon Health FCHEA Inc./ Services, Rehabilitation Fedcap Community Services Work Federal Loan Home Bank Ferriter Scobbo & Rodophele PC * Fidelity Investments Fisher College Fitchburg State University Foley Hoag LLP Foley Law Offices * Foundation Medicine * Framingham State University Franklin Pierce University Freedom Energy Logistics, LLC General Dynamics * Electric General Genzyme EdgeGet Your Gilbane Building Company

* Jim Mahoney of Bank of America and Rep. Keith Rothfus. DePrisco Jewelers DePrisco Devine Strategies Dewey Square Group Disability Law Inc. Center, DLA LLP Piper, Do Canto Group Resources Dominion Doosan Fuel Cell America, Inc. * DraftKings Inc. * Drew Company, Inc. Drexel University East Boston Neighborhood Health Center Demers, Blaisdell & Prasol, Inc. Denterlein Curry College CVS Health D.L. Saunders Real Estate Corp. Dana-Farber Cancer Institute * College Dartmouth Dartmouth-Hitchcock Dassault Systemes * Davis, Malm * & D’Agostine, P.C. Day Pitney LLP College Dean Deepwater Wind Delaware North Companies – Boston Dell Deloitte Delta Dental Massachusetts of Demeo, LLP

* Ford, LLP Connecticut Airport Authority Connecticut Center for Advanced Inc.Technology, Connecticut College of Technology’s Center for Next Generation Manufacturing Connecticut Conference of Independent Colleges Consolidated Communications Massachusetts of Industries Construction Consulate General Canada of Consulate General Ireland of Consulate General Israel of Consulate General Japan of in Boston Conventures Cooperative Credit Association Union CRES Forum * CTP Central Maine Company Power * CharlesRiver Associates Clock Chelsea Children’s Hospital Boston CIANBRO CIBC Atlantic Trust Bank Citizens City Boston of City of Portland City of Providence Clean Energy Clean Harbors Environmental Services, Inc. Clear Channel Coalition of Northeastern Governors Codman Square Health Center College Board College the of Cross Holy Comcast Cable Communications Commodore Builders Commonwealth Care Alliance * Commonwealth Corporation Community Credit Union Conference Boston of Teaching Hospitals Conn Kavanaugh Rosenthal Peisch &

David Giordano of Doosan Fuel Cell America and Rep. Lee Zeldin. Manchester-Boston Regional Airport Regional Manchester-Boston Marc Z Legal Staffing Marsh & McLennan Agency New England Marsh USA, Inc. MASCO Mass Bay Credit Union Massachusetts Association Health of Plans of Association Massachusetts School Committees Massachusetts Bankers Association Massachusetts College Art of and Design Arts Liberal of College Massachusetts Massachusetts College Pharmacy of and Health Sciences Colleges Community Massachusetts Executive Office Massachusetts Convention Center Authority Massachusetts and Eye Ear Infirmary MassachusettsFallen Heroes Memorial Fund Massachusetts Health and Hospital Association Technology of Institute Massachusetts Community of League Massachusetts Health Centers Massachusetts Maritime Academy Massachusetts Medical Society Massachusetts MEP Massachusetts Port Authority Collaborative Technology Massachusetts Massachusetts Resources Water Authority College Community Massasoit MassDevelopment MATEP

Hypertherm, Inc. IBEW Local 103 IBM Corporation Institute for Community Inclusion Institute for Human Centered Design International Council of Shopping Centers Iron Mountain Ironshore Iroquois Gas Transmission System ISO New England DistrictIUPAT Council * 35 JetBlue Airways Corporation JFYNetWorks John Hancock Financial Services Johnson & Wales University Associates Johnston Jumpstart K&L Gates LLP Kaplan University Karol Group Kearney, Donovan & McGee, P.C. Keegan LLP Werlin Keith Properties, Inc Keolis North America * Inc. Enterprises, Keville KPMG LLP Lahey Health System College Lasell Leader Bank Lesley University Lexington Insurance Company Liberty Mutual Group Liberty Square Group Utilities Liberty Locke Lord LLP LPL Financial Lynch Associates, Inc. * Energy MacFarlane Maine Medical Association Maine MEP Maine State Chamber Commerce of

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Jim Febeo of Fidelity Investments and Reed.Rep. Tom Hinckley Allen HollandKnight & LLP * Hospital Association Rhode of Island Hoyle, & Associates, Tanner Inc. MEMBERS MEMBERS Girl Scouts Eastern of Massachusetts * Global Leadership Institute Go Global LLC GoffWilson, P.A. * Google Granite State Independent Living Grasso Associates, LLC Greater Boston Real Estate Board Greater Lawrence Family Health Center Greater Providence Chamber Commerce of Green Berkshires Inc. Greenberg Traurig, LLP Greentown Labs * Grossman Heinz EnergyH.Q. Services Inc. Boston H4B Haley Associates LLC* Harbor Health Services, Inc. Harvard Pilgrim Health Care Harvard Street Neighborhood Health Center Harvard University Hawthorne Hotel Health Care All For * Health Leads * Healthcare Leadership Council Holliday Hill Hilltop Public Solutions 36 2017 ANNUAL36 2017 REPORT ABOUT THE COUNCIL ABOUT THE COUNCIL

* 2017 ANNUAL2017 REPORT 37 Angela Bovill of Ascentria Care Alliance and Sen. Jeanne Shaheen. Providence College Public Employee Retirement Commission Administration Public Sphere, Inc. * Putnam Investments PwC Quebec Government Office Rasky Partners, Inc. Rath, & Pignatelli, Young PA Red Sox Foundation and Massachusetts General Hospital Base Home Program SoftwareRedBlack * College Regis P&G Gillette Partners Health Care System, Inc. Paul Frank + Collins P.C. FundsPax World Payer Technologies, Inc. Pease Development Authority United Bank,People’s N.A. Perkins School for the Blind Philips Healthcare LLC Strategies, Pilgrim Pioneer Valley Planning Commission Inc. Bowes Pitney Plumbers and Gasfitters Local12 Union Plymouth 400 Inc. * Polar Beverages RealPomerleau Estate POWER Engineers, Inc. PowerOptions PretiFlaherty

Opportunity Association New England Fuel Institute New England Motion Picture and Producers AssociationTelevision New England Generators Power Association Hampshire BankersNew Association New Hampshire College and New England Board Higher of Education New England Center for Children College England New New England College Optometry of England Educational New University Council New Hampshire Higher Education Assistance Foundation New Hampshire Institute Art of * New Hampshire MEP New Hampshire Public Broadcasting New Hampshire Transmission NewStar Financial, Inc. Next Step Bionics and Prosthetics Inc. * Resources Energy NextEra Norel Service Company, Inc. Norman LLC Hanson & DeTroy Inc. Associates, Normandeau Northeast Arc Northeast Gas Association Northeastern Retail Lumber Association Northeastern University College Community Essex Northern Northwind Strategies NordiskNovo Inc. Energy,NRG Inc. McClennenNutter, & Fish LLP NxStage Medical, Inc. SturbridgeOld Village Olin College Engineering of Omni Hotels & Resorts * O’Neill and Associates Corporation OpenCape Optum Orr & Reno Ørsted

McDermott Will & Emery LLP McGlynn & McGlynn McLane Middleton Inc. Group, McWade Mercantor Partners Mercer Mercury Systems College Merrimack Charles + Potomac Merrimack MetroHartford Alliance Metropolitan Area Planning Council Microsoft Corporation Mills PR MITRE Corporation ML Strategies Tribe Mohegan Monadnock Paper Mills, Inc. Morgan Stanley Wealth Management Morgan, Brown LLP & Joy, Morrissey & Associates, LLC Mosquito Shield * Mott Corporation* Moynihan LLC Group Security MSA & Lehane Hesse,Murphy, Toomey LLP Museum Fine of Arts, Boston Museum Science of National Association of Government Employees National Association of Mutual and Colleges Insurance Companies Insurance National Fire Protection Association * National Grid USA Natixis Global Asset Management, LP NBC Universal/NECN Plan Health Neighborhood Nellie Mae Education Foundation Nelson Mullins Public Strategies Group NESCSO New Balance, Inc. New Boston Strategies Group New England Association Schools of

* Unitil University Hartford of University Maine of University Massachusetts of University New of England University Rhode of Island University System New of Hampshire UPS Museum Constitution USS Vacovec, Mayotte & Singer LLP Veolia Veracode Verizon Bear Teddy CompanyVermont Verrill Dana LLP PharmaceuticalsVertex * VMEC Walker WBUR/Boston University WBZ TV WCV B-T V Bank,Webster N.A. Wellness Connection of Maine Wells Fargo Private Bank Wentworth Institute of Technology WEX Inc. Willis Watson Towers Willwork, Inc. Exhibit Services & Event WilmerHale Woods Oceanographic Hole Institution Worcester Business Development Corporation Polytechnic InstituteWorcester State University Worcester WORK Inc. * Yankee Atomic Electric Company College Community County York Villages,Youth Inc. Zipcar

Smith, Costello & Crawford SMR Consulting, Inc. South Bank Shore South Chamber Shore Commerce of College Community Maine Southern Southern New Hampshire University Southwest Airlines Sprague Operating Resources LLC St. Mary’s Bank * State Street Corporation State Universities Massachusetts of Council of Presidents Steward Health Care System, LLC College Stonehill Strategy Inc. Group, Sturm, Ruger and Inc. Company, Suffolk Construction Suffolk University Sunovion Pharmaceuticals Inc. RobinsonSunTrust Humphrey Boston * Taj Bank TD InstrumentsTexas The Duprey LLC Company, Hampshire House The The MEMIC Group The Savings Bank Mutual Life Insurance Massachusetts of Company Inc. Associates, TransAction TransCanada Companies,Travelers Inc. TRC Companies, Inc. NorthTrue Political Solutions LLC HealthTufts Plan UniversityTufts AirlinesTurkish * Rivers – OttauquecheeTwo Regional Commission Tyco/Simplex Grinnell UMass Memorial Medical Center Carpenters of Brotherhood United Massachusetts of United Way Bay Valley Merrimack and CONTINUED

* Rep. Stephen Lynch (C) with Matt Graziano and Brenda Burdick of General Dynamics. Rivier University Rockland Trust Roosevelt Group RSM Rubin and Rudman LLP * Ruderman Family Foundation Saint Anselm College Saint Joseph’s College Maine of * Salem State University Santander Sasaki Associates, Inc. SCI Scully Construction Serlin Haley LLP Seven Hills Foundation Seyfarth Shaw LLP Shawsheen Valley Regional Technical School District Sheehan Phinney Bass & Green PA Sherrill House, Inc. Shields Health Care Group Sauer Sig Slowey/McManus Communications Smith & Rauschenbach Smith Dawson & Andrews Rising Tide Associates, LLC MEMBERS MEMBERS Massachusetts of Association Retailers Rhode Island Association School of Committees Rhode Island College Rhode Island School Design of RISCPA 38 2017 ANNUAL38 2017 REPORT ABOUT THE COUNCIL ABOUT OUR 2017 ANNUAL REPORT SPONSORS

AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We’re the world’s largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider. And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.

Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.

Liberty Mutual’s purpose is to help people embrace today and confidently pursue tomorrow. Keeping this promise means we are there when our policyholders throughout the world need us most.

In business since 1912, and headquartered in Boston, Mass., today we are a leading global insurer with operations in 30 countries and economies around the world. We are the fourth largest property and casualty insurer in the U.S. based on 2016 direct written premium data as reported by the National Association of Insurance Commissioners. We also rank 75th on the Fortune 100 list of largest corporations in the U.S. based on 2016 revenue. As of December 31, 2016, we had $38.3 billion in annual consolidated revenue.

We employ more than 50,000 people in over 800 offices throughout the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, commercial automobile, general liability, property, surety, workers compensation, specialty lines, and reinsurance.

You can learn more about us by visiting www.libertymutualinsurance.com.

New England Council Event Photography by Image Photo (Margaret Brett) and Risdon Photography The New England Council gratefully acknowledges AT&T and Liberty Mutual Insurance for their support in the production of this report.

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