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The motto of the Central Massachusetts business community might as well be, “Cautiously optimistic.”
With the American economy humming along at a steady rate – with job rates, household spending and consumer confidence all up – financial institutions lent more in 2017 than at any year since before the Great Recession, according to the Federal Reserve.
This past year was huge for the Worcester restaurant, entertainment and hospitality scene, with exciting announcements and openings.
The trends are going in the right direction for homeowners: an increase in prices and a sharp drop this year in foreclosures, both in Central Massachusetts and across the state. A tight supply market means finding a home is more difficult.
UMass Chan Medical School in Worcester announced on Wednesday the opening of a new Health AI Assurance Laboratory, in partnership with Bedford non-for-profit research-and-development center MITRE. As artificial intelligence becomes more widely used in health care, the center is designed to provide validation for the use of the technology, to address concerns including technical robustness and safety, transparency, diversity and fairness, as well as societal and environmental well-being. The UMass Chan's center comes as more applications using AI are being developed for a wide variety of business applications, raising concerns about overreliance on the technology and its impact on employees.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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