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It was once common business wisdom that you had to be in a major U.S. city to successfully attract venture capital for a startup. Not anymore, according to key figures in Worcester's entrepreneurial scene.
“We’ve been DOGE-ed,” said Christopher Egan, president of Carruth Capital in Westborough, which owns one of the impacted properties.
In Worcester, mentorship fuels the startup ecosystem, guiding entrepreneurs through the challenges of building a business; but they often give back to the programs and organizations that helped them, whether it be through teaching a workshop or mentoring themselves.
Your website is your firm’s digital front door. It’s the first impression you make on customers, clients, donors, and job seekers. If it’s slow, clunky, or outdated, people won’t stick around to see what you have to offer.
Businesses use social media to create public engagement externally, but they often overlook the effectiveness of using social media internally.
Worcester, we must reawaken the traits of good leaders born during COVID. Employees and clients are feeling betrayed by organizations taking back commitments. Reawaken your courage, curiosity, commitment, conscientiousness, and empathy.
Even though Dell EMC still has a substantial presence in the region, particularly in Hopkinton, the company is a far cry from when EMC was being run by its founders and was a more engaged partner in the community.
To our city leadership: We plead with you to support these spaces and the humans behind them.
Republicans in Congress, along with the Trump Administration, have suggested $880 billion in cuts over the next 10 years to the U.S. House Committee on Energy and Commerce, which oversees Medicaid. Medicaid provides more than 70 million with healthcare nationwide. The Trump Administration also is attempting to cut National Institutes of Health grants for medical research.
Banking tends not to be the most exciting industry in the world, but its influence is everywhere. From small startups to trillion-dollar public companies, access to capital and the banking system can literally make or break hopes and dreams.
Employees at Vision Advertising, Thrive Support & Advocacy, and Main Street Bank are advancing in their careers.
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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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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