Vaccines are being distributed, financial savings have brought pent-up demand, and federal stimulus aid has totaled the equivalent of roughly 17% of the American economy with potentially far more still to come.
That s enough for Michelle Meyer, a managing director and head of U.S. economics for Bank of America Global Research, to find optimism in the nation s economy after the coronavirus pandemic ends. Gross domestic product had rebounded to three-quarters of its pre-pandemic levels, Meyer said, and unemployment, though still high, is closer to pre-pandemic levels than its peak last summer. The good news is that we ve gotten out of that hole faster than many, many thought, said Meyer, a keynote speaker for the Worcester Business Journal s annual Economic Forecast Forum, held online Thursday in partnership with the Worcester Regional Chamber of Commerce.
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Instrumentation Laboratory Awarded Massachusetts Life Sciences Center Tax Incentive Leading Diagnostic Manufacturer Creates New Jobs in the Commonwealth
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BEDFORD, Mass., Dec. 29, 2020 /PRNewswire/ Instrumentation Laboratory (IL), a Werfen Company, today announced their $374,860 Tax Incentive Award from the Massachusetts Life Sciences Center (MLSC), as part of the Life Sciences Tax Incentive Program. Designed to foster job growth in life sciences within the Commonwealth, the program is expected to create 1,181 jobs. This is the sixth time IL has received the highly selective MLSC Award and will apply the funding to staff expansion.