At our November Government Affairs Forum, Massachusetts Treasurer and Receiver General Deborah J. Goldberg kicked off her remarks by telling her story about what it means to be State Treasurer. For the Treasurer, it’s all about economic empowerment for all — for the families, communities, and small businesses. To support these communities, Treasurer Goldberg launched the Office of Economic Empowerment, a one-of-a-kind successfully executed program in Massachusetts.
Hear how Treasurer Goldberg’s leadership and passion for public service has taken Massachusetts to the forefront of innovation and economic stability by watching her speech below thanks to our partner Comcast New England.
Treasurer Goldberg sees her three key achievements as wage equality, financial literacy, and college savings.
Treasurer Goldberg asserts that wage equality is an issue that must be addressed nationally. In Massachusetts, she has taken steps to address it by partnering with banks to implement programs to shift the focus onto marginalized populations and support businesses owned by women minorities, veterans, and first-generation individuals. By offering these resources, she is economically empowering disenfranchised communities. Like Treasurer Goldberg, the Greater Boston Chamber of Commerce continues to be champions of the Massachusetts Equal Pay Act.
Treasurer Goldberg’s Financial Literacy Trust Fund has resulted in a state-wide program that is aimed at preventing downfalls such as mortgage crises or vast college debt. Not only do these complications hurt our economy, but they also cause a ripple effect in our communities. The Treasurer believes that people come first and in order to have economic stability, we need to run government like a business by investing in the public.
College Savings Over the last four years, Treasurer Goldberg piloted two college savings financial plans. She paved the way in Worcester, where the “BabySteps Savings Plan" was first implemented, and in 2020 every child born in Massachusetts will be provided with a 529 account with a deposit of $50 as soon as the parents opt in on the birth certificate.
Treasurer Goldberg has also taken the initiative to work with legislature to raise funds for innovative environments that allow students and teachers to gain technical and vocational skills. She has advocated for small businesses and aided the MA Lottery in reaching record profits. She also believes that bond rating is critical for our rainy-day fund, “this isn’t just an esoteric thing, it effects everyday lives.”
It is certain that Goldberg has taken giant strides to making our communities the best place for all businesses and people to thrive. She will start her presidency of at the National Association of Treasurers with an agenda to carry out the initiatives and programs administered in Massachusetts for the rest of the country, “this role is not a partisan role, it’s about broad missions—we can work together.”
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