6 Worcester Business Journal | April 13, 2020 | wbjournal.com
And you can still see the local providers
you love right here in Central Mass.
We hear you. See how.
Tufts Health Plan's
smarter networks can
save your company up to
11%
on health
insurance
compared to our
standard networks.
tuftshealthplan.com/smarter-networks
T H E T I C K E R
25%
Projected unemployment rate in Massachusetts by June,
based on early unemployment claims in the first two weeks
of the coronavirus crisis.
Source: Pioneer Institute
First-quarter office vacancy rate in the 495 West region (which
includes Marlborough, Hudson, Westborough, Hopkinton and
others), up from 17.5% a year ago.
18.4%
$34.5M
Source: Barings
Amount a subsidiary of Springfield insurance company
MassMutual paid for 250,000-square-foot distribution
center in Franklin.
National Science Foundation grant received by Quinsigamond
Community College in Worcester to develop a robotics
technician certificate program.
$298K
Source: QCC
Source: Hunneman
We are applying for federal bailout money
F L AS H P O L L
Will your business
pursue any government
financial help due to the
coronavirus pandemic?
Congress has passed a $2-trillion stimulus bill in the wake of the coronavirus
economic fallout. The new law includes $349-billion for small businesses to receive
up to $10 million in loans. Other organizations including the City of Worcester and
the North Central Massachusetts Chamber of Commerce have made relief efforts
available as well, for smaller amounts like $10,000. When polled online, nearly three-
fourths of WBJ readers said they plan to apply for coronavirus financial assistance.
Yes, without it we
would have to
close or make
significant expense
reductions.
29%
Yes, the terms are favorable
and it helps us get through a
rough period relatively
unscathed.
43%
3%
8%
No, it is too
little, too late.
No, I don't want
to agree to the
government's
stipulations.
We don't
need it. Despite
the downturn in the
economy, our
company is doing
very well.
17%
