The Central Massachusetts Business Confidence Index rose slightly from 49.6 to 50 in December, indicating local companies have mixed views regarding prospective business conditions as they head into the new year.
Bringing the flavors he grew up on to the people of Central Massachusetts gives Perez energy for the long hours of being a self-employed restaurant owner and chef.
Heading into the start of 2024, the new leader of the Associated Industries of Massachusetts expects staffing challenges to remain the top concern for businesses, while the end of COVID-era federal funding programs will impact margins.
Small businesses grappled with a greater rate of financing shortfalls last year compared to before the onset of the pandemic, but the lack of funding was more acutely observed among minority-owned businesses and particularly Black-owned businesses, according to the report.