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The coronavirus pandemic has wreaked havoc on an economy that slipped into a recession in early 2020, as a huge number of businesses have laid off staff, seen revenues drop, or closed altogether. Since March, the state and federal governments have offered various levels of support and relief to businesses through grants, tax breaks, and -- most notably -- the $2-trillion dollar CARES Act, which included the Paycheck Protection Program to directly help small businesses. Another $900-billion federal relief bill has been approved, and the Baker Administration has created a separate $668-million small business grant program.
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Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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