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Economy & Labor

Worcester economic committee recommends approving $101M WooSox financing

The $101-million financing package for a Canal District baseball stadium development is one step closer to reality.

2019 tax income cut more possible after $5.5% revenue growth

State House News Service |

For the first time in three years, Massachusetts taxpayers may be in line for another slight income tax cut in January 2019 after tax revenue growth in fiscal 2018 exceeded the threshold needed to...

Local labor group calls for community input on WooSox project

Zachary Comeau |

As Worcester looks to quickly approve a $200-million project to redevelop the Canal District and build the future home of the Pawtucket Red Sox, one community and labor group hopes to make sure the...

Sports economists: $101M WooSox stadium deal unlikely to beat the odds

Grant Welker |

Sports economists sharply criticized Worcester's ballpark plan, saying public benefits are often minimal and the spillover effects overstated.

More high-end homes sold in Central Massachusetts

Zachary Comeau |

Even as rising real estate prices are pushing more homes into the realm of luxury pricing, the surging economy is creating more wealth in Massachusetts and would-be buyers are eschewing the...

Mass. July unemployment ticks up to 3.6%

The state’s unemployment rate ticked up a bit in July and is one-tenth of a percentage lower than where it was at this time last year.

Baker to allow sales tax holiday this weekend

State House News Service |

Gov. Charlie Baker plans to authorize a sales tax holiday for this weekend, his office said Thursday morning, but the fate of the rest of the economic development bill and a slew of others due for...

Greater Worcester scores below average in population, business growth

Grant Welker |

The Worcester metropolitan area doesn't fare particularly well in a new national rating of cities based on a range of growth factors — nor does any other New England metro outside Boston.

CMass businesses briefed on Grand Bargain fallout

Grant Welker |

The minimum wage will rise, workers will no longer receive higher pay on Sundays and holidays, and a paid family and medical leave gives workers new benefits.

Baker vetoes welfare benefits, traffic congestion tolling bills

State House News Service |

Gov. Charlie Baker on Friday made a dent in the flurry of bills that landed on his desk in the closing weeks of July, vetoing three and returning two with recommended amendments.

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