Small growth of Western Mass businesses brings cautious optimism
The Republican quoted MassBenchmarks executive editor Robert Nakosteen and co-editor Michael Goodman in an article looking at the rate of economic growth in Massachusetts and how it translates to the Pioneer Valley. While the state’s economic growth rate decreased to 2.3 percent in the last quarter of 2011, the arrival of small businesses and large manufacturing projects to the region is a sign of growing optimism, along with additional ventures that include the Massachusetts Green High Performance Computing Center, a pending casino and Baystate Medical Center’s “Hospital of the Future” upgrade. As the slow recovery continues, both Nakosteen and Goodman believe any optimism should be tempered by the unstable financial situation in Europe, where recession and uncertainty continue to hinder investment.
February 12, 2012