The Massachusetts non-durable goods manufacturing industry shrunk last year with one of the worst declines of any state, according to new U.S. Bureau of Economic Analysis data.
Essential manufacturing includes a wide spectrum of workers, ranging from those who produce medical supplies to those who support the agricultural market, and everything in between.
The Gov. Charlie Baker Administration has leaned on the state’s manufacturers, creating the Manufacturing Emergency Response Team under the Massachusetts Technology Collaborative to coordinate manufacturers’ move toward pandemic-related materials.
Primetals Technologies, which has offices in Worcester and is building a research and office center in Sutton, signed a contract with HBIS Shijiazhuang Iron & Steel Co. for a new steel rod mill in China, the company announced in a press release.
When the coronavirus pandemic has forced business closures across Massachusetts and beyond, certain industries were hurt far more than others. But no industry has been untouched.
Already worried to start the year about the possibility of an economic slowdown, the confidence of Bay State employers in the economy in the midst of the global coronavirus pandemic plummeted in March to near Great Recession levels as unemployment soared and commerce ground to a halt.
The global coronavirus pandemic has upended significant swaths of the economy in Massachusetts and the relatively-young legal marijuana industry is no exception.