A Conversation with Massachusetts Governor Charlie Baker

Greg Becker conversation with Governor Baker

Silicon Valley Bank CEO Greg Becker speaks with Mass. Governor Charlie Baker at District Hall in Boston.
Photo: John Kreis Photography

As part of my series of conversations with influencers in the global innovation ecosystem, I had the opportunity to speak with the new Governor of Massachusetts, Charlie Baker. We held a great discussion in Boston at a networking event attended by 75 of our clients representing 40 companies. 

Gov. Baker is uniquely qualified to be a catalyst for the innovation economy.  In addition to his experience in public service, he has been a corporate CEO and venture capitalist.

Not surprisingly, we agree innovation is alive and well in Boston. In fact, SVB's annual Innovation Economy Outlook survey found seven in 10 executives in the Northeast said they expect to expand their workforce in 2015, and 55 percent of those planning to hire told us they expect headcount to grow more than 20 percent. For some context, a recent survey from personal finance website NerdWallet reported that 57 of every 1,000 Boston-area jobs are in tech – matching places like Austin, Texas and Raleigh, North Carolina.

I welcomed Gov. Baker's call for government to be a partner in continuing to promote the growth of the innovation economy, but, as he said, it can never be the driver. The drivers are the company leaders and investors, many of whom joined us for the conversation at District Hall.

With the search for talent on every innovation company's mind these days, it was refreshing to hear Gov. Baker lay out his priorities for reforming public education in the Bay State by implementing new approaches to improve teaching and the learning environment. For example, in our highly competitive global society, the century-old school schedule is out of date.

Visiting innovation hubs around the country and the world gives me new ideas, and inspires me to make more trips to places where innovators and investors are disrupting industries in pursuit of a better future. I believe the Massachusetts innovation economy is poised for even greater things with industry-leading tech and life science companies, the high concentration of world-renowned academic institutions and visionary government leaders. I thank Gov. Baker and our Boston clients for the vibrant conversation.


About the Author

Greg has been a champion of the innovation economy since he joined SVB in 1993 as a banker to fast-growing technology companies. Today, he is the president and CEO of the world’s only financial institution dedicated to the innovation sector around the globe. Greg has led the expansion of the company, now the nation’s 14th largest bank, to include four primary businesses serving the innovation sector: commercial banking, fund management, private banking and wealth management, and investment banking. 
 
Under Greg’s leadership, SVB has continued to outpace the growth rate of other banks and financial services providers. SVB joined the S&P 500 in 2018 and has been named one of the best banks in America, one of the fastest growing public companies in the US, and one of the best places to work. SVB has been included in the Bloomberg Gender-Equality Index for the last four years and is consistently among the Top Corporate Philanthropists in its headquarters’ region. Working with employees, clients, and partners, Greg has also prioritized investments and initiatives to increase diversity and inclusion at SVB and across the larger innovation ecosystem, foster economic development and support community well-being. 
 
Prior to taking on the SVB President and CEO role in 2011, Greg held a variety of leadership positions, including co-founding SVB Capital, which manages some of the world’s top-rated venture fund-of-funds and direct investment funds.  
 
Greg is a Class A Director for the Federal Reserve Bank of San Francisco, the Chairman of TechNet, and a member of the executive council of the Silicon Valley Leadership Group (SVLG), where he was the Chairman from 2014-2017. He serves on the One Mind at Work Guiding Council and was a member of the US Department of Commerce’s Digital Economy Board of Advisors from 2016-2017. Greg earned a bachelor’s degree in business from Indiana University.