Watertown News (https://www.watertownmanews.com/tag/watertown-business/page/9/)
The DPW discovered a culvert deep under Watertown Square that was not on any plans. An institution in Watertown Square for more than three decades will close its doors this week. Stellina Restaurant, at 47 Main St., announced that it will serve its last dinner service. “After 34 years in Watertown, Stellina will close after Saturday August 22. Please join us for our last week,” the restaurant’s website announced.
Artemis Yoga runs outdoor classes at Arsenal Park several times a week. The COVID-19 pandemic has thrown a curveball for many industries, but some local exercise and fitness businesses have found some innovative ways to serve their clients. A fitness trainer has teamed up with a dance studio to provide an event for the whole family, while a yoga studio has taken to the park to do in-person classes. Meanwhile, some new businesses are trying to establish themselves in spite of the Coronavirus restrictions. Jan Taylor, who runs Get Lively: Health & Fitness, has a studio where she has been running socially distanced in-person classes.
The Mount Auburn Club in East Watertown has become a victim of the COVID-19 outbreak, with owners recently announcing that the club will be closing and the property will be sold to a firm looking to build space for life science companies. The Boston Globe reported that the Club sent a letter to members Monday which stated that said the coronavirus crisis pushed them to close down and sell. The club, located at 57 Coolidge Avenue, has been operating for nearly half a century and is recognizable for the bubbles put up over its tennis courts over the tennis courts during the winter. The 6.3-acre property will be sold to Alexandria Real Estate Equities and Newton-based National Development, the Globe reported. Alexandria recently purchased the Arsenal on the Charles complex from athenahealth, and the firms plan to use some of the space for life science companies, a growing industry in Watertown in recent years.
The Watertown Business Coalition wants to know what challenges are facing local businesses as they reopen from the COVID-19 shutdown, and have put together a short survey. Some of the barriers or obstacles maybe getting PPEs, financial advice, or getting inventory. Click here to take the survey. The group sent out the following message:
Hello Friends & Neighbors in the Business Community! As we move through the reopening phases, we want to help you reopen successfully.
Temporary outdoor seating will be allowed for Watertown restaurants as part of the COVID-19 reopening, with certain regulations including keeping seating at least six feet apart. As a way to allow Watertown restaurants to offer more seating as the reopen during COVID-19, the Town Manager announced that owners and managers can apply for temporary outdoor seating. Town Manager Michael Driscoll sent out the application on Thursday afternoon. The tables must remain at least six feet apart when diners are seated, and the take out area must be at least six feet from where seats are located. A five-foot path must be maintained on the sidewalk outside the restaurant to make them ADA handicap accessible.
Tufts Health Plan will leave its offices on Mt. Auburn Street after swapping it with Spear Street Capital for a property in Canton. Shown here, runner gather for the Watertown Police Department’s Finish Strong Road Race. Tufts Health Plan will be swapping its Watertown headquarters for a location in Canton after it merges with Harvard Pilgrim Health Care, and the building on Mt. Auburn Street will be acquired by a real estate investor.
The Federal government unveiled the the CARES (Coronavirus Aid, Relief, and Economic Security) Act which will help business of all sizes, and has special programs for small businesses and private non-profits. The legislation passed by Congress last week and signed by President Trump provides programs to help retain employees, gives grants and loans to businesses negatively impacted by the Coronavirus outbreak
The Payroll Protection Program offers loans to businesses that maintain their payroll during the Coronavirus emergency. Businesses with fewer than 500 employees can qualify. The Small Business Debt Relief Program gives loans to businesses. Loans can up to $5.5 million, and there are also micro loans of up to $50,000.
A Watertown company has started looking at how it can produce much-needed medical equipment to help during the Coronavirus outbreak. A shortage of medical supplies has been a problem as hospitals test for and treat patients with the COVID-19. Mark-Forged, located on Pleasant Street, has started to develop ways to 3-D print swabs and protective face shields used by medical staff when working with patients who may have the Coronavirus. The company was featured in a story on WHDH Channel 7. CEO Mark Greg estimates that 20 3-D printers could make 14,000 swabs a day.