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The law firm Mirick O’Connell has always had a business focus, known for specialty areas including commercial lending, business litigation, employment and real estate. That means it’s been an especially busy past year, with attorneys guiding clients through a range of tricky questions.
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First it was guidance on layoffs and furloughs as the coronavirus pandemic began. Then it was how to allow employees to work remotely, or how to manage new regulations on how many people could be inside a business at a given time. Now, it can be a matter of whether businesses can or should require employees to be vaccinated against COVID-19. The state’s new Paid Family and Medical Leave law went into effect with the start of the year, giving businesses something else to figure out.
By David S. McLaren
As we all know, our local economy has taken a major hit from the pandemic. This is the worst impact in my lifetime; but there is good news ahead.
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David S. McLaren is the managing partner of McLaren & Associates CPAs, LLC in Shrewsbury. Reach him at Dave@dmclarencpa.com.
Gross domestic product is expected to grow at more than 4% next year. Social distancing measures and government required shutdowns dampened spending as fear spread. As restrictions are lifted, I expect consumer spending will increase. As more people get their jobs back, this will improve our local economy. With the outlook of a vaccine in the coming months, there is a light at the end of this horrible tunnel.