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Banking & Finance
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Credit analyst gives state AA+ rating ahead of bond sale
December 28, 2023A leading credit evaluation agency shared some of its view of Massachusetts's financial picture this week as it blessed early 2024 bond sales with its second-highest rating.
December 28, 2023
Talks with feds over Baker administration financial error drag on as state budget concerns mount
December 27, 2023More than six months after auditors discovered the Baker administration mistakenly used federal funds to pay jobless benefits during the COVID-19 emergency instead of the state's Unemployment Insurance Trust Fund, there's still no clarity on whether
December 27, 2023
State at risk of missing monthly tax benchmark for 6th consecutive month
December 27, 2023December is a "significant month" for state tax collections, but receipts through the month's halfway point trailed last December's pace by more than 8 percent.
December 27, 2023
Leominster manufacturing firm launches Employee Stock Ownership Plan
December 26, 2023Process Cooling Systems Inc., a Leominster-based provider of manufacturing-related water systems, is the latest Massachusetts company to give their employees a stake in the business that they work for.
December 26, 2023
EcoForecast reader survey: Finally, some optimism
Updated: December 25, 2023Looking into 2024, it appears more Central Massachusetts business leaders are feeling positive about the economy than they have in the recent past.
Updated: December 25, 2023
State House audit offers few details as DiZoglio presses for more comprehensive look
December 22, 2023The most recently completed audits of House of Representatives accounts and joint House-Senate accounts were filed earlier this month, revealing some very basic financial information and little else.
December 22, 2023
Mass. commission calls for more oversight of healthcare private equity transactions
December 14, 2023Out of 158 health care provider transactions, including mergers and acquisitions, between 2013 and 2022, 45 percent involved private equity firms.
December 14, 2023
Hospitals’ precarious condition: Heywood's bankruptcy is just part of the industry's financial struggles
Updated: December 11, 2023“I’ve never been as worried about health care as I am right now."
Updated: December 11, 2023
Movers & Shakers for Dec. 11, 2023
Updated: December 11, 2023Central Massachusetts professionals are getting hired and promoted at companies including National Grid, UMass Memorial Medical Group, AAFCPAs, and Ascentria Care Alliance.
Updated: December 11, 2023
With enrollment at 10-year lows, Central Mass. public colleges see big things from free tuition plan
Updated: December 11, 2023Enrollment has hit a 10-year low at all five of the state universities and community colleges in Central Massachusetts, with a considerable drop between fiscal 2020 and fiscal 2023.
Updated: December 11, 2023
Economist: WooSox likely sold for $50-$70M
December 7, 2023The team has declined to give a purchase price on the sale to Diamond Baseball Holdings, but at the request of WBJ, a Holy Cross professor has estimated the team's valuation based on revenues, market size, and the new stadium.
December 7, 2023
Tax collections tumble in November as state spending climbs
December 6, 2023Beacon Hill's growing financial headache got worse Tuesday when the Healey administration reported that tax collections tumbled in November, putting the state's revenue picture about $627 million below the projection for this point in the year.
December 6, 2023
Boston Globe: Worcester Red Sox sold to NYC corporation
November 30, 2023Diamond Baseball Holdings, a corporation that owns more than 20 minor league baseball teams across the United States, has reached an agreement to purchase the Worcester Red Sox, according to reporting by the Boston Globe
November 30, 2023
Democrats announce state spending bill deal reached
November 30, 2023House and Senate Democrats said Thursday they agreed to a deal on a long-overdue spending bill after their weeks of inaction fueled a political maelstrom.
November 30, 2023
North Central Mass. chamber to launch low-cost fund for real estate development
November 29, 2023The North Central Massachusetts Development Corp. is creating new funding opportunities for real estate developers.
November 29, 2023
Report says business owners of color are facing brunt of financing shortfalls
November 29, 2023Small businesses grappled with a greater rate of financing shortfalls last year compared to before the onset of the pandemic, but the lack of funding was more acutely observed among minority-owned businesses and particularly Black-owned businesses,
November 29, 2023
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