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Investing in Human Potential: Antidote to Bleak Labor News

As we navigate through and past the COVID-19 pandemic, Essex County has within our grasp the antidote to recent labor market reports: human potential. Prior to COVID-19, Massachusetts had long enjoyed one of the lowest unemployment rates in the country, but things have changed. While state data for June is not yet available, the Bay State’s May unemployment rate of 16.3% tied for the 4th highest in the country and was three percent higher than the national rate at the time.

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Federal stimulus, and local collaboration, keys to recovery

The historic $2.2 trillion CARES Act, passed last week by Congress and designed to buoy the economy in the wake of the coronavirus, includes nearly $380 billion in relief for small businesses. This infusion of resources is critical, but our experience supporting small businesses in the recovery from the Columbia Gas emergency teaches us that for many of our small businesses to leverage these resources, they will require additional interventions in the short- and long-term too.

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New Loan Fund to Help Strengthen Small Businesses

Michelle Xiarhos Curran, ECCF Communications Writer Small and micro-businesses create jobs, drive community and urban revitalization, and foster local wealth. But oftentimes, they do not qualify for the loans they need to start or sustain operations. This winter, a...

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