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Banking & Finance
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Worcester Regional Transit Authority to extend free rides through June 2025
April 18, 2024Worcester area residents can look forward to yet another year of fare-free bus rides as the Worcester Regional Transit Authority board voted to extend the gratuitous service for the fifth consecutive year.
April 18, 2024
Worcester biopharmaceutical firm Mustang Bio to lay off 81% of staff
April 17, 2024Mustang Bio will reduce its workforce by approximately 81% following a vote by the board of directors, according to a regulatory filing.
April 17, 2024
Webster First CEO retiring after 37 years, to be succeed by VP
April 17, 2024Under Lussier’s watch, Webster First grew from $87 million in assets in 1987 to $1.4 billion in assets in 2024. In 1995, he helped the credit union transition from a state charter to a federal charter.
April 17, 2024
Main Street Bank names first-ever chief deposit officer
April 15, 2024Main Street Bank has a new member of its executive team, as the Marlborough-based bank has named David Felton as its executive vice president and chief deposit officer.
April 15, 2024
Gov. Healey's proposed $1B life sciences reauthorization has Central Mass. leaders thinking big
Updated: April 15, 2024For the burgeoning life sciences hub that is Central Massachusetts, Governor Maura Healey’s $3.5-billion Mass Leads Act economic development proposal looks to add fuel to fires.
Updated: April 15, 2024
Preventing type 1 diabetes: UMass Chan researcher developing skin treatment, with potential broader applications to prevent diabetes
Updated: April 15, 2024Now professor and chair of the Department of Dermatology at UMass Chan, Harris has founded a vitiligo pharmaceutical company and is about to launch a 1,000-person vitiligo study.
Updated: April 15, 2024
Movers & Shakers for April 15, 2024
Updated: April 15, 2024People are moving up at Cornerstone Bank, the Marlborough Economic Development Council, and bankHometown.
Updated: April 15, 2024
UMass Chan to open AI assurance lab to validate use of the technology in health care
April 12, 2024On Wednesday, UMass Chan announced the creation of the university’s Health AI Assurance Laboratory: a lab designed to evaluate processes and impacts of health AI technology to advance efforts for more accountable, unbiased, and efficacious patient
April 12, 2024
WPI launches the nation’s first fintech PhD program
April 11, 2024Worcester Polytechnic Institute has announced the establishment of the country’s first PhD program in financial technology (fintech). With the university already offering both bachelor's and master’s programs in the field, this newest degree means
April 11, 2024
Willard House & Clock Museum in Grafton gifted $15M to support expansion
April 10, 2024Willard House & Clock Museum has been granted more than $15 million by museum Trustee Charles Grichar to benefit an expansion of the collection and building projects.
April 10, 2024
To address physician shortage, Blue Cross to reimburse small Mass. primary care providers $20M
April 9, 2024Blue Cross Blue Shield of Massachusetts will provide up to $20 million in total reimbursements to small, independent primary care practices across Massachusetts, as it seeks to reduce patient waiting times.
April 9, 2024
Shrewsbury Street 218-apartment project joins list of developments facing delays
April 8, 2024A planned seven-story residential development on Shrewsbury Street is the latest Worcester real estate project facing setbacks, hampered by rising construction and financing costs.
April 8, 2024
Framingham cleantech firm inks $140M contract for California cogeneration facility
April 8, 2024Ameresco has entered into a $140-million contract to build a biogas cogeneration facility for the Sacramento Area Sewer District located at the EchoWater Resource Recovery Facility near Elk Grove, California.
April 8, 2024
Former Quality Inn supportive housing project receives $1.6M from feds
April 4, 2024Efforts to turn a former Worcester hotel into a permanent supportive housing development have received a boost from the federal government.
April 4, 2024
First WooTank Intercollegiate pitch competition leads to $14.5K in funding for student-founded startups
April 4, 2024Inspired by the hit ABC television show “Shark Tank”, the competition had collegiate entrepreneurs make a pitch for their businesses in front of a live studio audience.
April 4, 2024
Worcester biomedical firm raises $3M for development of pelvic treatments
April 4, 2024Juniper Biomedical has raised $3 million in capital from a seed funding round, as well as the National Institutes of Health, to support its advancements in neuromodulation technology.
April 4, 2024
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