Republican: Economic recovery slow, hopefully steady for the Pioneer Valley
An article in the Republican looked at the economic findings and projections from the most recent MassBenchmarks bulletin in the context of projects and plans to boost the Pioneer Valley’s regional economy.
With a modest growth of 1.0 percent, Massachusetts managed to weather the final quarter of 2012 better than the U.S. as whole, which actually recorded a loss of 0.1 percent, but the industries that lifted the state’s economy are largely concentrated in the metro Boston region.
Both Robert Nakosteen and Michael Goodman of MassBenchmarks are quoted in the piece, which discusses casino construction, transportation projects and hospital upgrades as initiatives that can bolster the Springfield area economy through the creation of much-needed jobs.
Nakosteen expects modest but consistent growth in 2013, rather than a series of ups and downs, but the region will continue to grapple with consequences resulting from the permanent loss of thousands of low-skill/high wage manufacturing jobs.
February 09, 2013