Worcester Business Journal • www.wbjournal.com • 2 017 Economic Forecast 7
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508.754.2000,
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Ring in
The new
YeaR aT CeRes
* The Beechwood will not be holding the
Sunday brunch buffet on January 1, 2017.
Celebrate new Year's eve in style with a gourmet
dining experience at the award-winning
Ceres restaurant.
Toast your glass at the stroke of midnight
with a selection from our extensive wine and
spirits collection.
363 Plantation street
worcester, Ma
ceresbistro.com
Cautious planning
Because of their wariness on how the economy
would impact them, WBJ readers were largely
non-committal about expansion plans in 2017
Do you plan to hire additional staff in 2017?
Jeff Crowley, president of the
Wachusett Mountain Ski Area,
bucked the trend of other Central
Massachusetts employers by
investing in a major upgrade,
spending $2 million on new
snowmaking equipment.
No
63%
Yes
15%
I don't know
22%
No
62%
Too soon
to tell
21%
Yes
17%
2012 2013 2014 2015 2016
20
30
40
50%
Respondents who intend to hire additional staff
31%
44%
32%
Will you raise
capital in 2017?
This year's result is
largely in line with
what WBJ readers
said in previous
surveys, as for the
last four years, the
percentage of those
saying they planned
to raise capital ranged
from 12-18 percent.
Do you plan to make
a major investment
in property, plant or
equipment in 2017?
The 17 percent of WBJ
readers this year who
said they planned to
make a major investment
tied for the lowest
percentage of positive
respondents since 2012.
