MIKE BARRETT









                           GOVERNOR '94






                P.O. Box 2193, Cambridge, MA 02238
               (617) 623-9494, (617) 628-0940 (FAX)


              AN AGENDA FOR JOBS AND ECONOMIC GROWTH

     New England and Massachusetts face a long-term economic 
retrenchment, and Democrats have to emphasize the job-creating 
importance of the private sector.

     Mike's agenda for economic growth and job creation has 
earned him a reputation as the Tsongas Democrat in this race.  
Alone among the Democrats running for governor, Mike publicly 
endorsed the North American Free Trade Agreement (NAFTA).  He 
knows the local public and private sectors must shape a state 
economy which excels at export sales to the immense markets 
exploding around the globe.

     As governor, Mike would expand the state's trading 
relationships to include Pacific rim nations.  He would assist 
local businesses in aggressively marketing Massachusetts-made 
products overseas.  He also advocates putting together a SWAT 
team in the Executive Office of Economic Affairs, to rip through 
red tape and help companies keep jobs in Massachusetts.  
                
     Mike has proposed the creation of a Center for International 
Standards in our state university system.  This center would put 
Massachusetts first among the 50 states in helping businesses 
come into compliance with ISO 9000, an ambitious program of 
standards and specs aimed at making products and services 
interchangeable throughout the world.

     Mike would encourage long-distance learning, which would 
hook up college classrooms to participating businesses.

     In addition, Mike has filed a 1994 legislative package that 
includes the following economic revitalization measures:

      Extending the state's 3% investment tax credit beyond 
plant and equipment to include worker education and retraining.  
This would correct the Weld administration's current "equipment 
yes, people no" stance.  Mike wants businesses to be free, 
without being exposed to negative tax consequences, to increase 
productivity through investments in human beings as much as 
through investments in machines.

      Lowering the long-term capital gains tax on investments in 
Massachusetts-based companies.  Stocks held for two years or more 
would be eligible for this tax break.

      Creating a revolving fund for low-interest loans to 
businesses to provide training and education courses to 
employees.

      Extending eligibility for state higher education loan 
programs within the state scholarship office and the 
Massachusetts Educational Finance Authority to employees enrolled 
in or seeking to enroll in job training or education programs.

      Establishing a Special Commission on Emerging 
Technologies, to refine strategies for nurturing our growth 
industries.  These would include technologies such as 
biotechnological and biopharmaceutical research, development and 
manufacturing, magnetic-levitation rail travel, environmental 
cleanup and pollution prevention, and other new fields that hold 
the potential for increased economic development in 
Massachusetts.

      Establishing a parallel Special Commission on the 
Information Superhighway, to help the state compete for federal 
and private-sector investments in the looming nation-wide 
transmission network of voice, video and data linkages.