Deval Patrick on Corporations



Opportunity requires growth, and growth requires investment

For pilgrims seeking to worship freely, for slaves seeking freedom, for immigrants seeking a better way, for your mothers and fathers and grandmothers and grandfathers seeking a toehold in the middle class, Massachusetts has beckoned seekers as a land of opportunity.

Everybody in this Chamber gets that. You respond to seekers, just as I do. You see their craving for opportunity, and you know that opportunity is at the core of the American Dream itself. From good jobs to good communities, creating opportunity is at the center of our best work.

Opportunity is too important to leave to chance. Opportunity requires growth. And growth requires investment. It's just as true of government as in any business. The economy is not like the weather; it is not some natural force that is beyond our control, something where we have to wait for others to predict or explain. What we choose to do, and not to do, shapes our future. That is why we invest in education, innovation & infrastructure.

Source: 2013 State of the State address to Commonwealth Legislature , Jan 16, 2013

Financial bottom line is not the only bottom line

There is a mindset in our country among hard right-wingers and free-market purists that poverty is exclusively the fault of the impoverished. They're lazy. They're not motivated. Capitalism produces the greatest good for the greatest number, and if there's collateral damage in the process, so be it.

All that market fundamentalism is about is letting people's consciences off the hook. If the market is "just," none of us is responsible for the havoc it may wreak. But the invisible hand of the market need not be free of ethical values, and ought not be. In any event, there is a right way to lay off people and a wrong way.

The financial bottom line is not the only bottom line. There is also a community bottom line, an environmental bottom line, a moral bottom line, and public leadership should try to integrate all of them.

Source: A Reason to Believe, by Gov. Deval Patrick, p.169 , Apr 12, 2011

Local capital for local biz, & state pays for infrastructure

Q: What would you do to keep small businesses in Massachusetts?

PATRICK: We’ve got to speed up the permitting and approval processes. I also think we have to do things to connect up good ideas with the capital they need to get started. Remember, it is small and medium businesses where most jobs get created and it’s a good idea looking for capital in a neighborhood. I also think we’ve got to reinvest in our infrastructure, because if the roads and bridges are falling apart businesses will leave.

Source: 2006 MA Gubernatorial debate on Fox News with Chris Wallace , Sep 25, 2006

Regulation at the speed of business

Consistent with good environmental stewardship, no state permit or approval process will take more than 6 months. Businesses will have one place to go to manage through necessary state approvals. We will work with local authorities & interested parties to pre-permit development sites and anticipate infrastructure needs so that they are development-ready. I will sign into law the pending legislative proposal to stimulate the Massachusetts economy.
Source: Moving Massachusetts Forward, Patrick’s policy booklet, p. 4 , Sep 15, 2005

Access to start-up capital for small businesses

State funds will leverage private capital in private investment funds to provide start-up capital for new enterprises across the State, with an emphasis on small businesses. The more jobs created by the new enterprise, particularly in distressed areas, the more favorable the terms for repayment.  Sign Economic Stimulus Package into Law.
Source: Moving Massachusetts Forward, Patrick’s policy booklet, p. 4 , Sep 15, 2005

Focused on fair lending practices in Clinton Admin

Q: You faced a lot of other challenges in these two years. What are you most proud of?

A: I think we have made a tremendous amount of progress in the area of fair lending. We have had a number of very carefully targeted cases, all but one of which have resulted in agreed resolutions.

Q: And what were the problems you’re addressing with those cases?

A: There were a couple of different kinds. One was underwriting discrimination, that is, differences in judgments among comparably qualified individuals that seemed to be based entirely on race or ethnic background, in some cases on age or gender differences. In other cases we saw people with comparable credit backgrounds and credit histories being charged dramatically different rates for the same lending product. The lending industry itself attributes to the attention that this administration has given these issues a record level of lending to African-American and Hispanic-American borrowers. I think that has been terrific.

Source: Elizabeth Farnsworth interview on PBS Newshour , Jan 10, 1997

Other governors on Corporations: Deval Patrick on other issues:
MA Gubernatorial:
Bill Weld
Bob Massie
Charlie Baker
Dan Wolf
Don Berwick
Jay Gonzalez
Jesse Gordon
Karyn Polito
Lawrence Lessig
Martha Coakley
Marty Walsh
Richard Tisei
Seth Moulton
Setti Warren
Steve Grossman
Tom Menino
Warren Tolman
MA Senatorial:
Allen Waters
Beth Lindstrom
Elizabeth Warren
Geoff Diehl
Heidi Wellman
Joe Kennedy III
John Kingston
Shannon Liss-Riordan
Shiva Ayyadurai

Gubernatorial Debates 2019:
Bevin(R) vs.Goforth(R,lost primary) vs.Adkins(D,lost primary) vs.Beshear(D) vs.Edelen(D,lost primary)
Edwards(D) vs.Rispone(R) vs.Abraham(R) vs.Kennedy(R,declined)
Bryant(R,retiring) vs.Foster(R) vs.Hood(D) vs.Reeves(R) vs.Waller(R)

Gubernatorial Debates 2021:
Murphy(D) vs.Ciattarelli(R)
Northam(D,term-limited) vs.Herring(D)

Gubernatorial Debates 2020:
DE: vs.Carney(incumbent) - no challengers yet
IN: vs.Holcomb(incumbent) vs.Melton(D) vs.Woody Myers(D)
MO: Parson(incumbent) vs.Nicole Galloway(D) vs.Jim Neely(R)
MT: Bullock(retiring) vs.Fox(R) vs.Perry(R) vs.Gianforte(R) vs.Stapleton(R) vs.Olszewski(R) vs.Neill(D) vs.Schreiner(D)
NC: Cooper(incumbent) vs.Forest(R) vs.Holly Grange(R)
ND: Burgum(incumbent) vs.Michael Coachman(R)
NH: Sununu(incumbent) vs.Volinksy(D) vs.Dan Feltes(D)
PR: Rossello(D) vs.Wanda Vazquez Garced(D)
UT: Herbert(retiring) vs.Huntsman(R) vs.Cox(R) vs.Jeff Burningham(R)
VT: Scott(incumbent) vs.Rebecca Holcombe(D)
WA: Inslee(incumbent) - no challengers yet
WV: Justice(incumbent) vs.Folk(R) vs.Thrasher(R) vs.Vanover(D) vs.Smith(D) vs.Ron Stollings(D)
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Page last updated: Nov 14, 2019