Bloomberg Talks Massachusetts Governor Maura Healey Talks Economic Hit From Trump Cuts
Sep 3, 2025
Massachusetts Governor Maura Healey, a former Attorney General committed to reducing costs for residents, discusses the critical impact of federal funding cuts on the state's economy. She warns that halted research grants could undermine jobs in healthcare and education, disproportionately affecting Massachusetts. Healey also outlines a $400 million initiative to boost the economy through innovation and renewable energy, while emphasizing the role of AI in enhancing government efficiency and the need for Democratic leaders to unite against budget cuts.
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Research Cuts Threaten The Statewide Economy
- Massachusetts' knowledge-based economy is disproportionately harmed by federal cuts to NIH, NSF, NOAA, and university funding.
- Those cuts ripple beyond labs into construction, real estate, legal IP, hospitality, and restaurants.
Leverage State Funds To Attract Private Capital
- Invest $400 million in a state-led DRIVE fund to leverage private capital and sustain research, life sciences, AI, and climate tech.
- Use public-private partnerships to attract global talent and keep Massachusetts competitive with China.
Disinvestment Hands Talent To Competitors
- China actively recruits on U.S. campuses and benefits when the U.S. disinvests in research and education.
- Letting public investment slide cedes long-term competitiveness to foreign rivals.