6 2 020 Economic Forecast • Worcester Business Journal • www.wbjournal.com
WORCESTER • FRAMINGHAM • MILFORD • HYANNIS
Growing a successful business isn't
easy. There are plenty of turns,
pivots and restarts along the way.
With S&G's knowledge, technical
expertise, entrepreneurial spirit and
experience behind you, you'll have
the tools, resources and services to
help you succeed.
• Accounting & Tax Services
• Business Consulting
• Business Transition
• Financial Services
• Investment Management
• Retirement Planning
508-757-3311
www.sgllp.com
SUCCESS
ISN'T A
STRAIGHT
LINE.
We'll be here to support you
along every twist and turn.
What's the biggest impediment to business
growth in Massachusetts?
2016 2017 2018 2019
High cost of living
21% 38% 28% 38%
High taxes
24% 16% 24% 21%
High healthcare costs
20% 13% 16% 16%
Slow regulatory processes
12% 11% 9% 5%
High energy costs
2% 4% 2% 2%
Other
21% 18% 21% 18%
WBJ reader survey
Do you plan to hire additional staff
next year?
0% 10% 20% 30% 40%
2012
2013
2014
2015
2016
2017
2018
2019
31%
33%
44%
38%
32%
40%
49%
41%
Do you plan to make a major investment in
property or equipment in 2020?
2019
Yes 24%
No 59%
Too soon to tell 17%
