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Economic Development
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2025 Power 100: Timothy Murray
Updated: May 19, 2025Murray, a former Worcester mayor and lieutenant governor of Massachusetts under Gov. Deval Patrick, was initially approached to lead the Worcester chamber in 2013 by the board of directors.
Updated: May 19, 2025
State commits $25M to Worcester Auditorium redevelopment
May 15, 2025Redevelopment of the 2,000-seat, 165,000-square foot venue is being led by the Boston-based Architectural Heritage Foundation.
May 15, 2025
Vernon Medical Center building in Worcester sold for $1.3M
May 15, 2025A medical office building on Worcester’s Vernon Street has been sold to a local real estate investment firm.
May 15, 2025
Former Mercy Centre site up for sale for $3.25M after nonprofit’s move to West Boylston
May 12, 2025The site had used by the Mercy Centre until it moved its operations to West Boylston earlier this year.
May 12, 2025
Boston real estate firm expands into Worcester, opens Downtown office
May 9, 2025NextGen Realty, a Boston-based real estate and property management firm, has expanded its reach into Central Massachusetts by opening an office in Worcester.
May 9, 2025
Customer financing: Two Central Mass. restaurant groups have found a new way to pay for expansions: direct contributions from customers
Updated: May 5, 2025Two Central Massachusetts small businesses have turned to alternative, community-based fundraising methods to support their expansion efforts.
Updated: May 5, 2025
Daring to dream: A quarter century after arriving in America, Elmer Melendez is cooking up a restaurant empire
Updated: May 5, 2025Melendez is the proud owner of four restaurants, with a fifth on the way.
Updated: May 5, 2025
The Fix, Bocado parent company opening two new Worcester restaurants
April 30, 2025Niche Hospitality Group, the Worcester-based restaurant group behind businesses like The Fix Burger Bar and Bocado Tapas Wine Bar, is set to open two new restaurants in the city.
April 30, 2025
State looks to lure early-stage firms with tax credit reform
April 16, 2025Eliminating the $5 million annual cap on refundable credits will help more "early-stage, high-growth companies" participate in the incentive program, the administration said, even if they are not yet profitable.
April 16, 2025
Top Mass. economic development official stepping down
April 16, 2025Officials said Hao is leaving state government to address pressing family matters but will continue to be available as an advisor to Gov. Maura Healey and Lt. Gov. Kim Driscoll.
April 16, 2025
The Edge at Union Station sold for $27M
April 10, 2025The Boston-based real estate firm that owns the 465-unit The Grid District apartment complex in Worcester is expanding its presence in the city.
April 10, 2025
WooTank pitch competition results in $15K for student entrepreneurs
April 9, 2025The second annual event saw 15 competitors representing 8 student-run startups pitching to three Central Massachusetts business leaders.
April 9, 2025
Q&A: Fresh food & community at the Market on Brussels
Updated: April 7, 2025Market on Brussels in Worcester is bringing farm-fresh produce straight to the city.
Updated: April 7, 2025
Proposed $40M horse-racing facility in Leominster faces pushback from residents
April 4, 2025A proposal to build a horse racing track and sports gambling bar at the site of a former Leominster landfill is receiving pushback from local residents.
April 4, 2025
Fifteen college entrepreneurs set to face off in WooTank startup pitch competition
April 3, 2025Students from four Central Massachusetts colleges are set to compete in the second annual WooTank Intercollegiate Showdown on Tuesday.
April 3, 2025
Study: DCU Center creates $46.2M in annual economic impact
April 2, 2025The study found the 14,000-seat arena and attached convention center has generated an average of $27.6 million in annual direct spending and $18.6 million in annual indirect and induced spending.
April 2, 2025
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