"When you see someone who looks like you in a position of power, it reshapes what you believe is possible." - Yvonne Hao
In December, ShePolitics’s regional branch at The Webb Schools had the chance to interview Yvonne Hao, Massachusetts’ Secretary of Economic Development. While we couldn’t record the interview on video, we’re excited to share this write-up that captures her inspiring story and bold vision for the state’s future.
Yvonne Hao, Secretary of Economic Development for Massachusetts, brings a rare combination of business expertise, an immigrant’s perspective, and a commitment to public service. Appointed in January 2023 by Governor Maura Healey, Hao is driving a transformation to make Massachusetts more affordable, equitable, and globally competitive.
As the daughter of Chinese immigrants and the first in her family born in the U.S., Hao’s journey to public service is as surprising as it is inspiring. Her career started in the private sector, with leadership roles at McKinsey, Bain Capital, and Amazon. She’s also been deeply involved in startups, investment firms, and nonprofit boards.
“I never set out to work in government,” Hao told us. “But I’ve always felt this deep sense of gratitude for the opportunities I’ve had—and this desire to make sure others get those same opportunities.”
Her shift to state leadership began with an unexpected call from Governor Healey. The invitation to join the administration gave Hao a chance to channel her business background into a mission-driven role: shaping an economic future that works for everyone.
Reimagining the Massachusetts Economy
Hao is at the forefront of Team Massachusetts Leading Future Generations, the state’s new economic development plan built around three big goals:
1. Strengthening the Basics
Housing, transportation, childcare, and infrastructure are central to Hao’s vision. These aren’t just business issues—they’re life issues. By focusing on these areas, Hao hopes to create a better quality of life for families across the state while laying the groundwork for economic growth.
2. Keeping and Growing Talent
Massachusetts is already home to some of the best schools and universities in the world. Hao wants to ensure the state keeps that talent here after graduation and nurtures homegrown success through improved public education and expanded workforce opportunities.
3. Driving Innovation
Massachusetts is a global leader in life sciences, with a GDP of $750 billion, but Hao is pushing the state to lead in emerging sectors like climate tech, artificial intelligence, and cultural industries. It’s about building on what’s already here while ensuring the state stays competitive on a global scale.
In March 2024, Hao helped turn this vision into action with a $4 billion economic development bill. The funding includes $1 billion each for life sciences and climate tech, with the remaining $2 billion supporting AI, small businesses, and rural growth. “This isn’t just about boosting numbers,” Hao said. “It’s about making sure these investments reach every community in the state.”
Breaking Barriers in Leadership
For Hao, being a woman of color in leadership hasn’t been without its challenges. Early in her career, she was often the only woman—or person of color—in the room.
“You’re always working to prove yourself in ways others don’t have to,” she said. “It taught me resilience, but it also made me realize how much we need to create spaces where everyone feels they belong.”
Today, Massachusetts looks very different. Governor Healey’s administration is predominantly led by women, including Lieutenant Governor Kim Driscoll, the first openly gay governor, and a team that reflects diversity across gender, race, and identity.
Hao believes this diversity has real impact. “When the people making decisions come from different backgrounds, the conversations shift. Policies become more inclusive and better for everyone—not just a select few.”
The Power of Representation
Hao is passionate about encouraging more women to step into leadership roles. Her own journey proves how much representation matters.
“When you see someone who looks like you in a position of power, it reshapes what you believe is possible,” she said.
By blending economic innovation with equity and inclusion, Hao is showing that these ideas aren’t opposites—they’re two sides of the same coin. Her work is grounded in the belief that growth is strongest when everyone gets the chance to contribute.
In her words: “Massachusetts thrives when everyone can be part of its success—and that’s what we’re building together.”
Edited by Amy Zhao