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The SDO plans to amend its citizen requirement to allow immigrants with a legal status to qualify.
The studio space includes multiple podcast studios, space for editing and production work, and a larger studio for film and photography work.
Worcester-based social equity cannabis dispensary New Dia is suing a California-based entity, claiming the firm has failed to pay an agreed upon purchase price of $2 million for a minority stake in the dispensary.
Julia Becker Collins, COO of Vision Advertising, provides some advice on using emerging AI technology to assist with marketing
The plan complements Massachusetts’ ongoing decarbonization efforts and provides a roadmap for how we can ensure all needed infrastructure is built in an equitable fashion.
Recognizing individual strengths, outlining shared goals, and establishing clear parameters are all elements of a successful team.
In Worcester, a city defined by the flow of immigrants over the centuries, and throughout Central Mass., immigrants start businesses at a higher rate than natural-born residents, according to a 2018 joint report by the Worcester Regional Research Bureau and Worcester Business Journal.
iLottery would provide an annual source of revenue that would grow year over year with a projected $230 million for the state by the end of its fifth year.
For the third year in a row, TJX Cos. Inc. President and CEO Ernie Herrman was the highest-paid CEO in Central Massachusetts. Herrman earned $22.2 million in total compensation for fiscal 2023, nearly 1,496 times more than the corporation’s median employee compensation of $14,857, according to TJX’s filings with the U.S. Securities & Exchange Commission.
Even though very few companies are actually using AI now – a U.S. Census Bureau survey from November found only about 4% of businesses are using the technology – the anticipation is many, many more will use it in the future.
Employees at the Worcester Regional Chamber of Commerce, Shepherd & Goldstein of Worcester, and Nichols College in Dudley are on the up and up.
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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