This year's historic winter storms have posed significant challenges for individuals, families and communities across the Commonwealth. Many of us have struggled to cope with transportation delays, home maintenance concerns, snow day boredom and general winter fatigue.
Our local businesses have been particularly impacted by these blizzards. A Retailers Association of Massachusetts survey of local businesses shows a severe drop in sales due to the recent weather, especially among retail and restaurant employers. Businesses were also forced to absorb higher operating costs related to snow removal, roof clearing and heating.
In 2010, I was proud to help establish the MGCC, which offers financial resources and technical assistance to small businesses across the Commonwealth. The Snow Storm Loan Fund is another effort to support local businesses and promote economic development. I applaud the MGCC for taking the initiative on this important issue, and I encourage all eligible businesses to take advantage of this resource. For more information about the application and terms and conditions of the loan, please visit www.massgcc.com.
Senator Karen E. Spilka
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