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Today's Poll

Should Massachusetts significantly reduce the environmental review time for new housing projects?
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Poll Description

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.

EVENT

40 Under Forty Awards

Video credit: Munq
Event Details
  • Framingham State receives $5M to upgrade STEM facility

    Timothy Doyle July 29, 2022

    The Christa McAuliffe Center for Integrated Science Learning at Framingham State University will be redesigned and transformed.

    Timothy Doyle July 29, 2022
  • Nominations for WBJ Outstanding Women in Business awards due today

    July 29, 2022

    Friday, Aug. 5, is the last day to nominate someone deserving of recognition for Worcester Business Journal’s 14th annual Outstanding Women in Business awards.

    July 29, 2022
  • Two WPI projects receive $1.6M combined to improve sanitation, education

    Timothy Doyle July 28, 2022

    This week, Worcester Polytechnic Institute announced two innovative projects addressing different, but wide-reaching, problems will receive grants of $900,000 and $700,000.

    Timothy Doyle July 28, 2022
  • Clinton Savings Bank hires new CFO from New Hampshire

    Timothy Doyle July 28, 2022

    Clinton Savings Bank has hired David Darvish, former vice president of finance at First Seacoast Bank of Dover, N.H., as senior vice president and CFO, effective this past Monday.

    Timothy Doyle July 28, 2022
  • Central One credit union tabs Needham executive as new CEO

    Timothy Doyle July 28, 2022

    Shrewsbury-based Central One Federal Credit Union has selected Devon Lyon, COO of Direct Federal Credit Union of Needham, to succeed long-time president and CEO David L’Ecuyer on Aug. 22.

    Timothy Doyle July 28, 2022
  • Inflation casts shadow over tax relief plans

    Colin A. Young | State House News Service July 28, 2022

    Republican lawmakers and a right-leaning advocacy group made their latest pitch Wednesday for Beacon Hill to provide greater tax relief for Bay Staters, pointing to a new study that showed inflation in the energy and transportation sectors has hit Massachusetts harder than the national average.

    Colin A. Young | State House News Service July 28, 2022
  • Baker agrees to major spending increase in his final budget

    Colin A. Young | State House News Service July 28, 2022

    Gov. Charlie Baker agreed to a major increase in state spending Thursday, signing a $52.7 billion annual budget, vetoing less than half a million dollars of spending, and returning 41 sections to the Legislature with amendments.

    Colin A. Young | State House News Service July 28, 2022
  • Kopin has sold $4M worth of helicopter flight displays

    Laura Finaldi July 28, 2022

    Kopin Corp. has received millions in production orders for a new display system it created for use by helicopter pilots. 

    Laura Finaldi July 28, 2022
  • Amid decrease in demand for COVID tests, Hologic profits drop to $228M in third quarter

    July 28, 2022

    Marlborough medical device manufacturer Hologic, Inc. saw its revenue drop by 14.2% in the third quarter, but the company’s performance was significantly better than Hologic itself predicted just a few months ago. 

    July 28, 2022
  • Waters partners with Minnesota center to address climate change, food insecurity

    Laura Finaldi July 28, 2022

    Milford lab equipment manufacturer Waters Corp. is working with University of Minnesota researchers to advance the science of plant-based proteins. 

    Laura Finaldi July 28, 2022
  • Boxborough commercial property sells for $1.9M to owner of landscape firm

    Timothy Doyle July 27, 2022

    A 1.1-acre commercial property at 1034 Massachusetts Ave. in Boxborough sold to an entity registered to Robert Aurellano, owner of Montenegro Landscape Corp., for $1.9 million, according to the Middlesex South Registry of Deeds.

    Timothy Doyle July 27, 2022
  • Five Central Mass. affordable housing projects to benefit from state funding, tax credits

    Timothy Doyle July 27, 2022

    Five affordable and low-income housing projects in Framingham, Stow, Webster, Westminster, and Worcester will take part of $50 million in direct funding and $90 million in in state and federal tax credits announced by the Massachusetts Executive Office of Housing and Economic Development announced on Tuesday.

    Timothy Doyle July 27, 2022
  • Lottery sets new annual revenue, prize records

    Colin A. Young | State House News Service July 27, 2022

    Fiscal year 2022 was another record-setting one for the Massachusetts Lottery with all-time highs for total revenue, prizes paid out and commissions or bonuses paid to retailers, but the agency came up just short of topping its profit record, officials said Tuesday morning.

    Colin A. Young | State House News Service July 27, 2022
  • Restaurant group sour on happy hour

    Chris Lisinski | State House News Service July 27, 2022

    If lawmakers reach a deal to send Gov. Charlie Baker a bill reviving happy hour in willing Massachusetts cities and towns, they will do so over the opposition of an influential statewide group representing some of the very businesses who would gain the ability to offer discounted drink specials.

    Chris Lisinski | State House News Service July 27, 2022
  • Boston Capital seeks approval for $19.6M bond for Table Talk Lofts

    Timothy Doyle July 27, 2022

    As demolition of the former Table Talk Pies factory in Worcester continues, Boston Capital Development LLC is seeking approval to issue a tax-exempt bond worth up to $19.6 million to help fund construction of the first phase of its Table Talk Lofts housing project in Kelley Square.

    Timothy Doyle July 27, 2022
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Book of Lists 2024

Worcester Business Journal's annual Book of Lists is filled cover-to-cover with pure market intelligence on significant businesses and players in the Central Massachusetts economy and community. The 45 lists in this 2024 edition highlight the top companies and professionals in sectors including banking & finance, real estate, manufacturing, health care, education, nonprofits, hospitality, and professionals services. This year's edition even includes three lists never previously published.