Issue link: https://nebusinessmedia.uberflip.com/i/823104
wbjournal.com | May 15, 2017 | Worcester Business Journal 5 Knowledge + Experience + Trusted Advice. It all adds up. Large enough to serve the needs of most businesses and individuals; small enough to offer the personal attention you expect and deserve. Greenberg, Rosenblatt, Kull & Bitsoli, PC Certified Public Accountants 306 Main Street, Suite 400 • Worcester, MA 01608 508.791.0901 • www.grkb.com B R I E F S Trump's tax plan is too excessive In April, President Donald Trump released an outline of his administration's plan to change the federal tax code. The plan proposes cutting the number of tax brackets on the tax code from seven to three, cuts the corporate tax rate from 35 percent to 15 percent, and repeals the 3.8-percent investment surtax from the Affordable Care Act. When polled, the plurality of WBJ readers felt his tax plan went too far toward creating an uneven economy. F L A S H P O L L 'Boroughs industrial vacancy rate hits all-time low The vacancy rate for industrial space in the 'boroughs area of MetroWest -- Northborough, Southborough, Westborough, Marlborough -- hit an all-time low of 10.5 percent in the first quarter, according to a May report on the Greater Boston industrial market from Transwestern Consulting Group. The 'boroughs vacancy rate hit its all- time low after the region had a net increase of 71,000 square feet of leased and occupied space. The entire I-495 West area, which includes MetroWest towns such as Marlborough, Framingham and Hopkinton, had net increases across all industrial markets. Vacancy rates across I-495 West were 6 percent for ware- houses (down from 6.3) and 11 percent for the flex market (down from 11.4). DPH seeks UMass bed closure delay Saying it was deeply concerned how a plan to close 13 psychiatric beds would affect access to mental health services in Central Massachusetts, the Massachusetts Department of Public Continued on next page We support local businesses... with local decision making and local servicing. 28 Franklin Street • Worcester, MA 01608 www.baystatesavingsbank.com Finance with Bay State Savings Bank. We can help your business "MAKE IT" in Massachuse s! Our Commercial Lenders are experts in business lending: Small Business Administra on Loans (SBA) Mortgage Loans • Term Loans Lines of Credit • Construc on Loans Commercial Electronic Services • And more... CONTACT US TODAY! 508-890-9050 | 800-244-8161 businessloans@baystatesavings.com ® What do you think of the president's tax plan? The corporate tax rate should be lower but cutting it by 20 percentage points is too big of a risk. It's long overdue and will undo years of unnecessary and uneven tax burdens on businesses allowing them to create jobs. 34% The huge cuts to businesses and the wealthy will instead shift the burden to individuals and lead to an even more uneven economy. 41% COMMENTS: "If we find that the cuts are too steep, then they can be corrected, but these cuts are long overdue." "What the country needs is a serious proposal, not a half baked plan such as this. It's embarrassing that anyone would claim with a straight face this could be paid for solely by economic growth." "This is long, long overdue. We've got to get it done now." 7% There haven't been enough details released for me to decide. 18% UMass Memorial Health Care's Memorial Campus in Worcester