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Manufacturing

  • Precision Optics revenue jumps 17%

    May 15, 2015

    Precision Optics of Gardner, helped by higher demand for its products and the introduction of new offerings, saw a 17-percent jump in revenue growth in its latest quarter while the company cut its losses, it said Thursday.

    May 15, 2015
  • Arrhythmia reports profit drop in first quarter

    May 14, 2015

    Medical device manufacturer Arrhythmia Research Technology of Fitchburg reported a 39 percent decline in gross profits for the first quarter of 2015 compared with the first quarter of 2014.

    May 14, 2015
  • IDC: 3D printer market ready for takeoff

    May 11, 2015

    The market for 3D printers is poised to take a “major step forward” as more companies begin to use them and the technology improves, according to new survey findings from technology research firm IDC, of Framingham.

    May 11, 2015
  • Customer demand drives Sevcon revenue up

    May 7, 2015

    Revenues at Sevcon Inc. increased 13 percent in the second quarter of 2015 compared with the second quarter of 2014, the Southborough company reported yesterday.

    May 7, 2015
  • Revenue, losses up for ReWalk in Q1

    Emily Micucci May 7, 2015

    ReWalk Robotics, the Marlborough-based maker of exoskeleton systems for paraplegics, boosted its revenue in the first quarter, according to an earnings statement. Sales, though, came up short, according to CEO Larry Jasinski.

    Emily Micucci May 7, 2015
  • AMSC announces $9M order

    Sam Bonacci May 6, 2015

    AMSC, the Devens-based manufacturer of wind and power grid technology, has received orders for $9 million in power grid-related productss in the U.S. and internationally, the company announced Tuesday.

    Sam Bonacci May 6, 2015
  • Oxford Immunotec revenue up in Q1

    May 6, 2015

    Oxford Immunotec Global PLC, a diagnostics company with U.S. headquarters in Marlborough, announced revenue and profit growth in the first quarter of 2015.

    May 6, 2015
  • State's business confidence slips downward

    May 5, 2015

    The Associated Industries of Massachusetts (AIM) Business Confidence Index dropped 1.1 points in April to 59.1. March's figure of 60.2 had been a post-recession high.

    May 5, 2015
  • Record first quarter for Cognex

    May 5, 2015

    Machine sensor manufacturer Cognex Corp. of Natick had record-high revenue, net income and earnings per share in the first quarter, the company reported.

    May 5, 2015
  • ‘Disappointing’ quarter for Harvard Bioscience

    May 1, 2015

    Harvard Bioscience of Holliston reported a $1.4 million loss amid lower first-quarter revenues of $25.8 million, a slight drop of about 0.5 percent from $25.9 million in the same period of 2014, the life sciences manufacturer said.

    May 1, 2015
  • Waters’ ‘organic’ growth beats expectations

    April 29, 2015

    Waters Corp. beat analysts' expectations for the first quarter thanks to “broad-based” organic growth, the Milford company reported Tuesday.

    April 29, 2015
  • Demand pushes IPG numbers higher to start year

    April 29, 2015

    IPG Photonics of Oxford started off the year with strong revenue growth and increases in net income thanks to strong demand for their high power fiber lasers, the company reported Tuesday.

    April 29, 2015
  • U.K. grant will boost Sevcon payroll

    April 27, 2015

    Southborough-based manufacturer Sevcon said it's looking to beef up its staff by 20 after the maker of controls for electric and hybrid motor vehicles received a grant to develop a new range of products.

    April 27, 2015
  • Worcester lays foundation for young entrepreneurs

    Sam Bonacci April 27, 2015

    Inside a former mill building in Worcester, a potentially new wave of businesses toils away. One has launched a new way to read the news while another is honing a robotic wok. These entrepreneurs are part of a growing number of college students

    Sam Bonacci April 27, 2015
  • Forging a new age of manufacturing in Central Mass.

    James T. Brett And Mark Price Special To The Worcester Business Journal April 27, 2015

    Central Massachusetts has a long, proud history in manufacturing. While the products have changed, the region and state remain at the forefront of a new wave of manufacturing: “advanced manufacturing.”

    James T. Brett And Mark Price Special To The Worcester Business Journal April 27, 2015
  • Interest grows in manufacturing-targeted workforce programs

    Sam Bonacci April 27, 2015

    In the last two years, successful workforce development programs at Worcester Polytechnic Institute and Mount Wachusett Community College have been built around one thing: real-world conditions and equipment that create skills that can be directly

    Sam Bonacci April 27, 2015

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Today's Poll

Should Madison Properties be forced to sell its Polar Park-adjacent land?
Choices
Poll Description

When City of Worcester and Worcester Red Sox officials announced in 2018 the plan to construct the Polar Park baseball stadium in the Canal District, a key part of the economic development effort was a partnership with Boston developer Madison Properties to redevelop five properties around the ballpark into residences, hotels, and office buildings, with openings scheduled to begin in 2021 when the stadium opened.

All five of those Madison projects are significantly behind schedule and only one has come to fruition -- the high-end 228-apartment complex The Revington -- although the Canal District has seen other non-Madison developments come online, including The Cove and District 120 apartment complexes. All developments in Central Massachusetts have faced headwinds since the start of the COVID-19 pandemic, including trouble obtaining affordable financing, shortage of materials and labor, and downturns in the commercial real estate and life sciences industries.

The slow development of the Madison properties was the main reason cited by City officials for why the City's plan to not use general taxpayer funds to pay for the $160-million Polar Park has failed. Members of the City Council have gone as far as to call for one key Madison property to perhaps be seized by eminent domain to make way for a new developer.