BUSINESS BRIEFS: Tri-County Event 10/24, Tom Brady, Falling Confidence, Goodbye DUNS #

SPONSOR OF Business Briefs in the Franklin Observer

The chamber serves the communities of Bellingham, Franklin, Holliston, Hopedale, Hopkinton, Medway, Milford, Mendon, Millis, and Upton. More information is available at https://www.tricountychamberma.org

Join Tri-County Chamber of Commerce for informative breakfast with your Senators on Oct. 24!

Speaking on the panel will be Senator Ryan Fattman, Senator Rebecca Rausch, Senator Karen Spilka, and Senator Michael O. Moore. Topics will include Economic Recovery and Job Creation, Small Business Support, Workforce Development, Infrastructure and Transportation,Tax Policies, Education and Innovation, and Environmental Sustainability. We will also present the 2023 Business of the Year Awards, we hope you will join us and cheer on your fellow chamber members! For more information, visit the Chamber web site here.

Brady  Out at TB12-- Relocation to Franklin Planned

According to a number of published articles, Tom Brady has split from his partner in a venture called TB12 that called Foxboro home.  The existing facility at Gillette will close Friday and the new health-oriented business, TBRx will be opening on Monday, Oct. 23 in Franklin's Village Mall.

Business Confidence Falls in September

Confidence among Massachusetts businesses fell back into pessimistic territory during September as employers faced concerns over slowing orders and the increased economic stress faced by their employees. The Associated Industries of Massachusetts Business Confidence Index (BCI) fell 2.6 points to end the month at 49.8, just under the 50 mark that separates optimistic from pessimistic outlooks.  Employer sentiment was 4.1 points lower than a year ago. The decline was driven by weakening views of both the Massachusetts and US economies. The US Index measuring conditions throughout the country fell 6.5 points as Congress drew the nation within hours of a government shutdown. The weakness mirrored that of financial markets, which grew restive in September as the Federal Reserve continued its effort to engineer a soft landing. For the quarter, the S&P 500 fell about 3.6%, the Dow lost 2.6%, the Nasdaq shed 4.1%. In September, the S&P 500 dropped 4.9%, the Dow fell 3.5%, and the Nasdaq declined 5.8%. And though unemployment in Massachusetts remains near historic lows at 2.6 percent, there is a sense from employers on the ground that the economy may be slowing and the job market loosening. This sentiment is reflected in the Labor Department's Tuesday report that showed job-opening levels and rates falling in Massachusetts during July for the third consecutive month, in contrast to the nationwide numbers trending up from their June values.

ICYMI:  The unique entity identifier used in SAM.gov has changed.

On April 4, 2022, the unique entity identifier used across the federal government changed from the DUNS Number to the Unique Entity ID (generated by SAM.gov).

• The Unique Entity ID is a 12-character alphanumeric ID assigned to an entity by SAM.gov.
• As part of this transition, the DUNS Number has been removed from SAM.gov.
• Entity registration, searching, and data entry in SAM.gov now require use of the new Unique Entity ID.
• Existing registered entities can find their Unique Entity ID by following the steps here.
• New entities can get their Unique Entity ID at SAM.gov and, if required, complete an entity registration.

I manage an entity. What do I need to do?

For more information about this transition, visit SAM.gov or the Federal Service Desk, FSD.gov. You can search for help at FSD any time or request help from an FSD agent Monday–Friday 8 a.m. to 8 p.m. ET.