In 2007, New England’s financial services industry contributed more than 11 percent of the region’s economic output, providing well over 500,000 full or part-time jobs. Despite the turbulence of the recent national recession, the financial services industry continues to exceed 10 percent of the gross state product in Connecticut, Massachusetts and Rhode Island, with the other three New England states averaging around five percent.
In recent years, the Financial Services Committee has worked closely with the New England congressional delegation, especially those in high-ranking positions on the key committees of jurisdiction in the U.S. House and Senate, to promote policies that will enhance the viability of financial services as a critical regional economic driver. Some examples of recent advocacy activity are detailed below. For more information about the New England Council Financial Services Committee, please contact Griffin Doherty.
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