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Banking & Finance
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A turn for the worse: In the annual midyear survey, WBJ readers say their outlook for the 2025 economy has soured since the start of the year
Updated: June 16, 2025More than half (51%) of WBJ readers believe the U.S. economy will decline in the second half of this year.
Updated: June 16, 2025
A $250M gap in the safety net: Central Mass. hospitals fight for their financial lives as state's Health Safety Net reaches historic deficit
Updated: June 16, 2025The state’s HSN is operating at an estimated $250 million deficit for fiscal 2025, dumping the burden of payment directly onto the state’s health centers and hospitals.
Updated: June 16, 2025
Two Central Mass. apartments receive financing as part of $18.7M deal
June 13, 2025Two multi-family properties in Central Massachusetts have received loans as part of a wider three-property announcement of financing worth a total of $18.65 million.
June 13, 2025
Senate plans Wednesday vote for $532M budget bill
June 13, 2025The Senate next Wednesday plans to vote on a $532 million budget bill that delivers more than $340 million for hospitals and community health centers and additional aid for elder home care services and rental assistance, while creating a fund to e
June 13, 2025
The Health Foundation grants $250K to support Nashoba Valley following hospital closure
June 12, 2025As the Nashoba Valley Region continues to grapple with the loss of a hospital, a local group received a three-year, $250,000 grant to bolster health equity in Ayer, the Healey administration announced Wednesday.
June 12, 2025
Surviving the Valley of Death: Worcester’s oldest incubator has brought on an in-house investment firm for the first time in 30 years
June 12, 2025Startups have navigated the perilous Valley of Death period with varying levels of success. Conifer Life Sciences Group at MBI is trying to change that.
June 12, 2025
Franklin nursing facility owner cited $1.1M for unpaid wages
June 11, 2025The owner of Alpha Healthcare, a Swansea-based skilled nursing facility with a location in Franklin, has been cited about $1.1 million for penalties and unpaid wages to hundreds of employees.
June 11, 2025-
Millionaires tax could generate up to $3B in fiscal 2025
June 11, 2025The Department of Revenue reported last month that the state had collected just less than $2.6 billion from the 4% surtax between July 1, 2024 and April 30, 2025, surpassing the $2.46 billion that the surtax generated in fiscal 2024 in just 10
June 11, 2025 
Middlesex Savings Charitable Foundation donates $250,000 to local organizations
June 10, 2025Middlesex Savings Charitable Foundation, the charity arm of Natick-based Middlesex Savings Bank, marked its 25th anniversary by awarding $5,000 grants to 50 nonprofits.
June 10, 2025
Framingham State University museum receives largest donation in 50-year history
June 10, 2025The museum at Framingham State University has received its largest-ever donation as the Danforth Art Museum and School has been gifted $4.66 million from a long-standing supporter.
June 10, 2025
Group halts $62M plan to buy Marlborough tech firm, following Nasdaq delisting
June 9, 2025After the Nasdaq-delisted ConnectM failed to timely file regulatory financial reports, the group that had previously offered to buy the firm has put its acquisition offer on hold.
June 9, 2025
Bay State Bank to open Shrewsbury branch, first following name change
June 6, 2025Anne Joyce, who has more than 30 years of banking experience, will serve as the vice president of the new branch.
June 6, 2025
UMass Memorial to close teen detox center
June 5, 2025As a result of declining utilization, UMass Memorial Health in Worcester will close an in-facility acute detox and stabilization program for teens.
June 5, 2025
Clark University to lay off up to 30% of faculty, significantly restructure degree tracks amid financial strain
June 3, 2025In response to financial challenges and a dramatically reduced incoming freshman class, Clark University in Worcester will restructure its degree tracks and layoff up to 30% of its faculty.
June 3, 2025
Anonymous party rescinds offer to buy Akoya Biosciences
June 3, 2025Mere weeks after making an unsolicited bid to buy Marlborough-based biotech firm Akoya Biosciences, the anonymous party has withdrawn its offer .
June 3, 2025
Pharmaceutical lobbyist pressures Mass. lawmakers to pause bill attempting to cap drug prices
June 3, 2025Less than two weeks after the Senate moved to create a new prescription drug price cap system in Massachusetts, an industry official warned against legislative "leapfrog" that could complicate the most recent round of reforms.
June 3, 2025
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