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2014 ANNUAL REPORT M ISSION The New England Council is an 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. THE NEW ENGLAND COUNCIL TABLE OF CONTENTS 2014 4 President’s Letter 5 Chairman’s Letter ADVOCACY & INITIATIVES 6 Overview 7 Advanced Manufacturing 9 Defense 10 Energy & Environment 12 Financial Services 14 Healthcare 15 Higher Education 17 Trade 19 Transportation EVENTS 20 Annual Spring Event 22 Annual Dinner 24 Congressional Roundtable Series 26 Capital Conversations Series 28 Featured Events 30 Politics & Eggs Series ABOUT THE COUNCIL 31 DC Dialogue 32 Board of Directors 35 Members 3 THE NEW ENGLAND COUNCIL 2014 PRESIDENT’S LETTER DEAR NEW ENGLAND COUNCIL MEMBER: I am delighted to report that 2014 was yet another remarkable year for The New England Council. The Council saw success on several fronts, including growth in membership, informative programs and events, and strong advocacy for issues and policies that foster economic growth in our region. Council members in all six New England states came together for a wide range of events throughout 2014. By year’s end, the Council hosted over 50 programs, ranging from Congressional Roundtables with many members of the New England delegation, to a variety of other informative programs on issues that are critical to our economy. Our Capital Conversations series in Washington, DC, which brings our members together with members of Congress and other federal policy leaders, marked its second year in 2014. And of course as we gear up for another presidential primary season, our popular Politics & Eggs series, co-hosted by the New Hampshire Institute of Politics, welcomed a variety of political leaders who offered their insights on how to best address the challenges facing our nation. James T. Brett The Council’s two signature events—the Annual Spring Event in Washington, DC, and the Annual Dinner— were both tremendously successful. Over 250 Council members participated in the Annual Spring Event, making it one of the largest to date. Members were briefed by several senior Obama Administration officials, and had the opportunity to meet with many members of the Congressional delegation at our Capitol Hill Reception. At the Annual Dinner in October, over 1700 New England Council members and friends gathered to honor our remarkable New Englanders of the Year: ALS advocate Peter Frates, Partners HealthCare CEO Dr. Gary Gottlieb, Clean Harbors Founder and CEO Alan McKim, and ABC News Chief Anchor George Stephanopoulos. Throughout the year, our members were actively engaged in our policy committees as the Council advocated for a variety of policies that impact the economic well-being of our region. We launched two new working groups in 2014: a Trade Working Group to promote policies that support exporters and expands access to foreign markets, and an Advanced Manufacturing Working Group, which brings together members across various sectors to advocate for our region’s thriving advanced manufacturing sector. In 2014, the Council weighed in on a variety of federal legislation, ranging from measures to increase energy efficiency to a bill to create regional manufacturing innovation hubs. The Council was also a leading voice on Capitol Hill for the reauthorization of the Export-Import Bank of the United States and of the Terrorism Risk Insurance Act—both of which are critical to ongoing economic growth. As a result of this effective work, membership continued to grow in 2014 with a variety of businesses and organizations throughout New England joining the Council. We were honored to welcome nearly 60 new members in 2014, bringing our total membership to over 480 businesses and organizations. None of these accomplishments would be possible, of course, without the tremendous support and active engagement of our members, and for that I am truly grateful. I am proud to share with you our 2014 Annual Report, and look forward to another great year. Sincerely, James T. Brett President & CEO Jim Gallagher of John Hancock Financial Services, Cardinal Sean O’Malley, and Jim Brett. 4 THE NEW ENGLAND COUNCIL CHAIRMAN’S LETTER 2014 DEAR NEW ENGLAND COUNCIL MEMBER: Thank you for helping The New England Council through another successful year of advocacy and leadership on public policy priorities important to the regional economy. Our membership—which spans all six New England States and a diverse range of businesses, non-profits and universities—delivers a comprehensive perspective on the New England economy. The organization fosters a collaborative and highly credible approach to developing public policy solutions for the betterment of the region. The New England Council welcomed many new members in 2014 and looks forward to their constructive engagement on policy solutions for economic growth in New England. The New England Congressional delegation added three new members from the 2014 mid-term elections: Frank Guinta returning to Congress representing New Hampshire’s First Congressional District; Seth © W. Marc Bernsau/Boston Marc Journal Business W. © Moulton in the Massachusetts’ Sixth; and Bruce Poliquin in the Maine Second. We look forward to their John Hailer leadership and future collaboration with The New England Council. The New England Council continues to progress on several critical regional priorities. In 2014, we launched an Advanced Manufacturing Working Group and continued to press for comprehensive federal immigration reform; both initiatives are important elements of The New England Council’s broader STEM advocacy. The New England Council also prioritized the reauthorization of TRIA—the Terrorism Risk Insurance Act—and we are quite pleased this was one of the first pieces of legislation passed in the 114th Congress. A long-term reauthorization of TRIA is critical to provide certainty for the business community and to avoid disruption of construction projects nationwide. Thank you for your longstanding advocacy which helped make this victory possible. In 2015, we intend to remain focused on these priorities, and also anticipate the new Congress may consider changes to the Affordable Care Act and Dodd-Frank as well as tax reform. We will keep you informed and invite you to work cooperatively with The New England Council to engage Members of Congress on these initiatives. We mourned the passing in 2014 of Mayor Tom Menino, whose 20-year leadership of the City Boston was an inspiration for municipal leaders in New England and beyond. While Mayor Menino’s leadership can never be replaced, in his first year Mayor Marty Walsh has already brought a strong vision and new energy to important regional priorities, including education, technology, transportation and real estate development. Thank you for your partnership and support of The New England Council in 2014. We look forward to continued progress together. Sincerely, John Hailer Chairman John Hailer presents ABC News Chief Anchor George Stephanopoulos with a New Englander of the Year Award. 5 THE NEW ENGLAND COUNCIL 2014 ADVOCACY & INITIATIVES OVERVIEW The New England region continued to experience slow but steady economic growth during 2014, with unemployment rates continuing to drop and businesses continuing to grow. Unfortunately, it was not the most productive year in our nation’s capital, where the partisan divide continued to impede legislative action in Congress. Despite the stalemate, The New England Council continued to advocate for policies that will promote ongoing economic growth in the region, ensuring that the business community’s voice was heard in the halls of Congress. In addition to various advocacy efforts, the Council also convened a number of informative meetings and events throughout the year, Board Member Bob DiMuccio of Amica Mutual Insurance and featuring members of Congress, other federal policy Sen. Sheldon Whitehouse at a breakfast in Providence. makers, and industry experts, to help Council members understand and navigate the many challenging issues facing the business community. Rep. Stephen Lynch and Rebecca Frisch of TD Bank at a Congressional Roundtable in Boston. Bill Williamson of Bank of America and Sen. Susan Collins at a luncheon in Portland. 6 THE NEW ENGLAND COUNCIL ADVOCACY & INITIATIVES 2014 ADVANCED MANUFACTURING New England has a rich history as home to a thriving manufacturing industry. Samuel Slater launched America’s Industrial Revolution over 200 years ago in Rhode Island, and for generations mill towns dotted the landscape of New England, from Lewiston-Auburn, Maine; to Manchester, New Hampshire; to Lowell, Massachusetts, and beyond. While more traditional forms of manufacturing have been on the decline in the region in recent years, there is great potential for economic growth in the so-called “advanced manufacturing” sector. Advanced manufacturing is that which harnesses significant training and well-honed skills to develop highly Board Chariman John Hailer of Natixis Global Asset Management and specialized products in industries such as aerospace, Sen. Chris Murphy in Washington, DC. life sciences, medical devices, semi-conductors and
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