Worcester Business Journal

April 13, 2020

Issue link: https://nebusinessmedia.uberflip.com/i/1234071

Contents of this Issue

Navigation

Page 5 of 26

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%

Articles in this issue

Links on this page

Archives of this issue

view archives of Worcester Business Journal - April 13, 2020