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While the median price of a single-family home in Central Massachusetts dropped in August after the traditional peak of the homesale season in mid-summer, the month saw higher prices and fewer sales than August 2024.
Controversial bills to legalize overdose prevention centers returned to the spotlight Monday, as a committee leader touted recent gains in reducing the state's volume of fatal opioid-related overdo
Hoping to boost housing production in the state, the Gov. Maura Healey Administration has auctioned off four Central Massachusetts state-owned properties to private developers to convert the sites into housing.
The battle for a local option real estate transfer fee has risen from the dead as communities across Massachusetts are once again returning to Beacon Hill and urging the Legislature to give them on
Devens-based Electric Hydrogen has acquired a New York firm also working to grow the concept of green hydrogen.
Ed Manzi has announced his retirement as Chairman & CEO of Fidelity Bank, after having led the Leominster-based financial institution for over 28 years.
Ernst replaces interim chief operating officer Kathy Mills, who filled the role in January following the retirement of longtime RFK executive Cindy Wing.
Just four years ago, Fitchburg-based company Rev Clinics was one of the biggest players in the Massachusetts marijuana industry, with its products available in about 75% of the then-200 dispensaries across the state.
New board members have been appointed to the Girl Scouts of Central and Western Massachusetts and Worcester County Horticultural Society.
The campus was built using three former municipal buildings: the B.F. Brown School, the City’s High School Annex, and City Stables. NuVue Communities purchased the site in 2018.
In an effort to increase the pace of new housing development in Massachusetts, Gov. Maura Healey has proposed streamlining the environmental review process for certain new housing projects, with the goal of reducing the time spent on the process from about one year to 30 days. Environmental reviews are a hallmark of community planning, to ensure new development doesn't negatively impact surrounding properties or natural resources, even though the process does add significant time and often cost to projects. Healey's proposal comes after Massachusetts fell behind the national average in new housing production, despite adding 90,000 new units since she became governor in 2023.
New England already averages the longest timeline in the nation to build a single-family home once the developer has been giving the authorization to move forward with construction, according to U.S. Census statistics compiled by the National Association of Home Builders. In 2023, single-family homes in New England averaged 13.9 months from permit to completion. The South Atlantic states have the lowest average of 8.9 months while the region that includes Texas, Oklahoma, Arkansas, and Louisiana is the second quickest at 9.4 months. The second-longest average after New England is the New York, New Jersey, and Pennsylvania region, which takes 13.2 months.
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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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