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Economic Development

  • Worcester apartment building sells for $9.7M

    December 28, 2017

    A 96-unit, 10-story apartment building just south of Becker College has sold for $9.7 million.

    December 28, 2017
  • A tight housing market continues to push prices, downtown visions will be realized

    Grant Welker December 25, 2017

    The trends are going in the right direction for homeowners: an increase in prices and a sharp drop this year in foreclosures, both in Central Massachusetts and across the state. A tight supply market means finding a home is more difficult.

    Grant Welker December 25, 2017
  • Food, beer and sports will dominate Central Massachusetts' hospitality industry

    Zachary Comeau December 25, 2017

    This past year was huge for the Worcester restaurant, entertainment and hospitality scene, with exciting announcements and openings.

    Zachary Comeau December 25, 2017
  • Off-shore wind developers make pitches for state contracts

    State House News Service December 22, 2017

    Vying for a long-term contract for the first Massachusetts offshore wind farm, energy companies made their pitches to state officials Wednesday.

    State House News Service December 22, 2017
  • Mercantile Center lands coffeehouse as retail anchor

    Grant Welker December 20, 2017

    Coffee shop Fuel America, which also will serve beer and wine, will open next fall in one of the most high-profile retail spaces in downtown Worcester at Front and Mercantile streets.

    Grant Welker December 20, 2017
  • Pawtucket mayor pushes Rhode Island on $83M PawSox stadium

    December 19, 2017

    Concerned about Worcester's ongoing efforts to woo the Triple A minor league Pawtucket Red Sox out of his Rhode Island city, Pawtucket Mayor Donald Grebien is holding a press conference at noon today, in an effort to speed up legislators' review of

    December 19, 2017
  • Framingham's Magnuson Hotel slated for 26K-sf addition

    Zachary Comeau December 14, 2017

    Lexington developer Soniya Hotel, LLC has applied to majorly renovate the Magnuson Hotel property in Framingham behind the British Beer Co. along Route 9.

    Zachary Comeau December 14, 2017
  • Worcester's LakePharma plans Mass. expansion

    Grant Welker December 13, 2017

    LakePharma, a biologics company with a laboratory in Worcester, has raised $30 million to open additional locations in Massachusetts and its home state of California.

    Grant Welker December 13, 2017
  • CitySquare II marketing one of last Downtown Worcester development sites

    Grant Welker December 11, 2017

    The last buildable site on the former Galleria property is for sale, with potential for an eight-story, 200,000-square-foot building.

    Grant Welker December 11, 2017
  • Restaurants respond to time, cost pressures as lunch crowd shrinks

    Grant Welker December 11, 2017

    Last year, people took 433 million fewer trips to restaurants than in the prior year. That 2-percent decline led to an estimated $3.2 billion in lost sales.

    Grant Welker December 11, 2017
  • Cliff Rucker expands Worcester holdings

    Zachary Comeau December 11, 2017

    Worcester Railers Owner Cliff Rucker has become a major part of the city's economic and cultural remaking, investing heavily in a busy strip of Downtown Worcester.

    Zachary Comeau December 11, 2017
  • Worcester increases tax burden on businesses

    Zachary Comeau December 6, 2017

    Despite urging from the business community and Worcester Regional Chamber of Commerce, the City Council on Tuesday night adopted tax rates shifing more of the tax burden to commercial properties.

    Zachary Comeau December 6, 2017
  • Astellas Institute to relocate to Westborough

    December 6, 2017

    The Astellas Institute for Regenerative Medicine, based in Marlborough, is moving to the Westborough Technology Park, according to the Westborough Economic Development Committee.

    December 6, 2017
  • Baker backs Worcester's Red Sox bid

    Brad Kane December 4, 2017

    Gov. Charlie Baker on Friday said the Massachusetts state government would provide any needed help in Worcester's attempt to lure the Triple A minor league Red Sox from Pawtucket, R.I. to the city.

    Brad Kane December 4, 2017
  • NYC executive opens Worcester marketing agency

    Zachary Comeau December 1, 2017

    In a press release, Jake Messier, founder of HEARD Strategy and Storytelling, said he chose Worcester to the new agency's headquarters.

    Zachary Comeau December 1, 2017
  • Worcester eyeing 15 marijuana stores, local tax

    Zachary Comeau November 29, 2017

    The Worcester Economic Development Committee has endorsed city regulations to limit the number of retail marijuana shops in the city to 15 and adopt a 3-percent sales tax on the products.

    Zachary Comeau November 29, 2017

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Today's Poll

Should cannabis businesses be allowed to own more than three retail licenses?
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Poll Description

The Massachusetts House passed an overhaul marijuana oversight bill on June 4, part of which would raise the retail license limit for each business from three to six over a three-year period. The three-license limit was established to prevent large companies from taking over the legal cannabis industry and push out smaller firms. However, the new six-license-limit proposal is seen as a way for firms to achieve economies of scale and survive in the ultra-competitive industry.