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A Worcester Business Journal investigation shows a broad range of practices in how communities use — or don't — tax breaks for development.
LakePharma company was going to bring 150 jobs to Worcester, but a Chinese competitor took its place after the company decided it couldn't wait any longer and moved to Hopkinton.
Looking solely at the numbers, Worcester's deal to bring the Pawtucket Red Sox to town ain't a good deal. Depending on how we define economic benefit, it may turn out to be a bad deal.
When international healthcare company Optum bought Reliant Medical Group for $28 million on March 31, the Worcester physician group's foundation was spun out as an independent entity.
Despite facing what may be an insurmountable uphill battle, the developer behind a planned $100-million marijuana growing facility in Charlton plans to continue pushing forward with the project.
Cutting back on costs can equal real money in the coffers and contribute to a more-positive bottom line.
The Telegram now joins MassLive as the two main local mass media organizations who now regularly say Worcester is in a renaissance as a statement of fact, without any real evidence supporting the claim.
Let's face it, a small town of 13,000 is going to be hard pressed to handle a request to build a $100-million, 1-million-square-foot marijuana cultivation facility.
You have just learned that your counterparty has filed for bankruptcy. Be aware that deadlines in bankruptcy move quickly, and creditors who sit on their rights may lose them.
More than one year has passed since Gov. Maura Healey was sworn in as the 73rd governor of Massachusetts. Since then, Healey has spoken extensively about her commitment to attracting, retaining, and growing business in the state. To accomplish that goal, Healey and her administration have proposed and enacted several initiatives, including granting Central Massachusetts manufacturing businesses $600,000, allocating $458,000 to businesses training the disabled workforce, and most notably, filing the $3.5-billion Mass Leads Act aimed at bolstering the state’s life sciences, climatetech, and applied artificial intelligence industries.
At the same time, the Central Massachusetts Business Confidence Index dropped to 45.9 in April, the second lowest score in the index's history, reflecting declined views regarding the region's economic outlook.
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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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