Worcester Business Journal

Economic Forecast 2020

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www.wbjournal.com • Worcester Business Journal • 2 020 Economic Forecast 7 SBA LOAN EQUAL HOUSING LENDER MEMBER FDIC MEMBER DIF HELPING YOU GROW YOUR BUSINESS IS OUR BUSINESS. Middlesex Savings Bank's commercial bankers have the freedom to offer more creative approaches to meeting your financial and strategic objectives for your business. That makes us a financial partner that's truly invested in your success. With $5 billion in assets, we handle everything from complex financing to everyday banking services. Contact Tom Farley, Chief Commercial Banking Officer at 508-315-5344 or thomas.farley@middlesexbank.com $9,962,000 CONSTRUCTION TO PERMANENT FINANCING Industrial/Distribution Hudson, NH $2,500,000 TERM LOAN & LINE OF CREDIT Behavioral Care Watertown, MA $4,000,000 LINE OF CREDIT Industrial Products Distribution Newton, MA $3,936,000 COMMERCIAL MORTGAGE Hotel Lee, MA $1,245,000 LINE OF CREDIT Residential Construction West Boylston, MA $3,472,000 TERM LOAN Network Technology Framingham, MA What is your estimate for your company's bottom line performance in 2020? How concerned are you that you'll be able to find people with the right skills when you hire for your job openings? 0% 10% 20% 30% 40% 50% 60% 70% 35% 50% 72% 38% 43% 37% 27% 47% 12% 13% 1% 15% Very concerned Mildly concerned Not at all concerned 2016 2017 2018 2019 35% 43% 12% 50% 37% 13% 72% 27% 1% 38% 47% 15% 0% 10% 20% 30% 40% 10% 10% 48% 21% 10% 0% 1% Decrease more than 20% Increase more than 20% Increase 11 to 20% Increase 1 to 10% No change Decrease 1 to 10% Decrease 11 to 20% Decrease more than 20%

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