Massachusetts economy faces decline

Massachusetts is experiencing economic decline due to a combination of factors including high living costs, a broken housing market, high taxes, and a challenging business climate. The state faces sluggish job growth, declining entrepreneurial activity, population loss, and a shortfall of leading tech companies, threatening its traditional knowledge-based industries. Despite a history of reinvention through biotech and research sectors, officials warn that immediate action is needed to restore competitiveness and prevent further economic deterioration.

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