Commonwealth Hosts Second Annual Investor Conference
Forum Encourages Investment in Massachusetts
Visitors at the second annual Massachusetts Investors Conference were greeted with photos of Massachusetts projects.
State leaders today hosted Massachusetts’s second annual Investor Conference in Boston. The day-long event showcased the Commonwealth’s enhanced disclosure program, which was designed to increase investor demand for Massachusetts bonds while expanding the state’s investor base.
“Through smart and disciplined management of the Commonwealth’s finances and a forward-thinking investment strategy, Massachusetts leads the nation in economic recovery,” said Governor Deval Patrick. “Thanks to our solid partnerships with institutional investors, we’ve been able to make critical investments to grow jobs and build a stronger future for our Commonwealth.”
“Outreach to the investor community works. It pays enormous dividends in terms of lowering borrowing costs and positioning the Commonwealth as a competitive place in which to do business,” said Treasurer Steven Grossman. “We have a great story to tell, and we want to ensure that our message of ironclad fiscal discipline and accountability is heard by as many investors as possible.”
“The Patrick-Murray Administration’s prudent fiscal policies and proactive fiscal management have led to the state’s highest-ever credit ratings,” said Secretary of Administration and Finance Jay Gonzalez. “We will continue to make fiscally responsible investments in innovation, education and infrastructure to create a solid climate for continued investment in the Commonwealth.”
Joined by financial experts, the Commonwealth and eleven other public authorities met with hundreds of institutional investors from across the country to review their borrowing plans and showcase their current financial positions. Top officials from the state and the authorities each had the opportunity to highlight their strong economic footing while encouraging institutional lenders from across the country to invest at highly competitive borrowing rates.
The borrowing is used to finance capital infrastructure improvements such as roads and bridges, school building construction, and water and sewer improvements.
The Massachusetts Investor Conference was developed last year to expand investor communication and outreach to key decision makers in the municipal bond market. State officials said they look forward to the new year as they continue to position the Commonwealth as one of the most dependable and competitive states in terms of investment opportunity and the innovation economy.