February 5, 2015/Press Releases

#PromisesWatch: Republican Gov. Charlie Baker Slashes Program Aimed at Retaining International Talent and Creating Jobs in Massachusetts

February 5, 2015

Global Entrepreneur in Residence Program Aimed at Keeping Bay State Internationally Competitive Eliminated By Baker’s Budget CHOICES

BOSTON—A program aimed at retaining the talent and job-creation power of Massachusetts’ international college students is among the many critical programs and services cut by Republican Charlie Baker this week.

“By cutting the Global Entrepreneur in Residence program – a special approach to ensuring Massachusetts’ best and brightest international students stay here to start businesses and create jobs – Republican Baker has alarmed many in the business community who have until recently enjoyed great confidence in our Commonwealth’s willingness to invest in our global competiveness,” said Executive Director of the Massachusetts Democratic Party Matt Fenlon. “You can’t campaign as the innovative businessman who could grow our economy, and then eliminate a low dollar, high return investment for Massachusetts .”

In a recent news report, multiple capital venture executives derided Republican Gov. Baker’s elimination of the Global Entrepreneur in Residence program as shortsighted and a reversal of a strong public policy initiative.

The Promises Watch Campaign will be releasing more information as more analysis is undertaken in the days ahead on how the Baker cuts will hurt the state.