Associated Press – November 29, 2007 3:04 PM ET Boston (AP) – Governor Patrick unveils a plan to pump $4.8 billion into the state’s crumbling transportation infrastructure. The bill requires the state to borrow $2.9 billion. The rest of the money will come from federal funds. The measure includes $500 million for road and bridge [...]
Filed under: Construction economy | Leave a Comment »
The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) Nov. 2 reported that nonfarm payroll employment grew by 166,000 in October, increasing from the seasonally adjusted September rate of 138.25 million to 138.42 million. Additionally, BLS reported that construction industry employment dropped by 5,000 jobs in October, after declining by 14,000 in September and [...]
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Massachusetts SB 2020 authorizes the use of co-sureties on a bond. The sureties would be jointly and severally liable. The bill recently has begun to move in the Senate. Massachusetts HB 931: License Bond STATUS: 10/10/2007 In Joint Committee on Financial Services: Heard. Eligible for Executive Session. SFAA position: supportive “New Bonding Opportunity HB 931 [...]
Filed under: Surety Legal Issues, Surety Legislation | Leave a Comment »
“The suburbs of Boston are experiencing a burst of development not seen in years….” Suburban developers thinking bigger – Plans mean new revenue, amenities, and concerns
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Filed under: Bank Credit, Economy | 1 Comment »
If you haven’t seen this yet, here is a link. http://www.sio.org/PDF/ABC2007.pdf Thank you, David C. Rand david.rand@suretyma.org
Filed under: Surety Industry | Tagged: Surety Industry | Leave a Comment »
The purpose of the website is to provide basic information about our local surety industry in Massachusetts within two catagories: 1) Provide buyers and benificiaries of Surety Bonds with a helpful resource about our product and service. Surety Bonds have been an important but little known aspect of American business for over 100 years. 2) Provide an [...]
Filed under: Commercial Surety, Surety Industry, Surety Legal Issues, Surety Legislation | Tagged: Surety Industry | Leave a Comment »
