Some $10.3 billion was loaned to 46,937 Massachusetts businesses in the first round of funding. The forgiveable loan is available to companies with fewer than 500 employees to keep workers on payroll and is being invested through local lending institutions.
Niraj Shah, a 1991 graduate of Pittsfield High School, is bringing 300 jobs to his hometown with the development of a call center for the international home decor company. He was the keynote speaker at Neal's Economic Development Policy Summit hosted by Berkshire Community College.
U.S. Rep. Richard Neal is gearing up for what he believes will be "strong negotiations" on the extension of various federal tax programs.
One of those is investment tax credits, specifically for renewable energy. Neal held a "prelude" meeting with Berkshire Gas on Monday and is expected to see the company's parent organization Avangrid's solar farm in Florida.
The last time the United States had an unemployment rate of 3.5 percent was the 1960s.
But, that is also when inflation skyrocketed and wasn't ultimately curbed until a painful recession hit. The expectations of the Federal Reserve Bank of Boston President Eric Rosengren is that the United States will hit that 3.5 percent unemployment mark soon and federal interest rates will be raised to curb inflation.