Let's Talk Business: Some Interesting Numbers and Some Positive Results

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No doubt 2020 has been a very challenging year. Let’s look at some interesting numbers and a few positive results. First, some numbers. The Cape Chamber has distributed more than 21,000 masks to local businesses at no cost to them in an effort to protect their employees, the customers, and to keep them open. In our congressional district, 823 businesses were approved for a PPP loan of greater than $150,000. Our staff participated in over 600 hours of COVID-19 calls and connected with members in more than 750 direct calls. We launched two new websites with several local partners: Keep Cape Strong and Reclaim our Region. And we enhanced our shop local / support local business push. Next, some economic development successes. Cape Area MAGNET announced seven projects representing more than 300 jobs and $67M in investment including KCOE-ISOM, the VA Health Services facility, and Patriot Medical Devices. MAGNET’s annual goals are 300 jobs, $50M new investment, and $12M new payroll so annual

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