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Manufacturing

  • Precision Digital Corp. to renovate, occupy Hopkinton building

    March 24, 2015

    Precision Digital of Holliston has acquired a building in nearby Hopkinton for $5.35 million

    March 24, 2015
  • Fitchburg's Arrhythmia turns profit, boost sales

    March 20, 2015

    Medical device manufacturer Arrhythmia Research Technology of Fitchburg saw a nearly 13-percent jump in net sales last year and turned its first profitable year since 2010, its CEO said Friday.

    March 20, 2015
  • Jabil ‘strongly on track,’ helped by iPhone 6 sales

    March 19, 2015

    Jabil Circuit Inc., the parent company of Clinton-based Nypro Inc., reported net revenue of $4.3 billion for the quarter, a 20 percent jump from the second quarter of 2014.

    March 19, 2015
  • Q&A with Bill DiBenedetto, President, Lampin Corp.

    Rick Saia March 16, 2015

    The manufacturing industry in Central Massachusetts isn't as robust as it was decades ago. But there are still robust companies. That includes Lampin Corp. of Uxbridge. The maker of such products as pulleys and MITRPAK gearboxes said it enjoyed 22-

    Rick Saia March 16, 2015
  • D.C. dithering on depreciation forces capital spending delays

    Livia Gershon Special To The Worcester Business Journal March 16, 2015

    Earlier this year, the U.S. House passed a plan to make the $500,000 cap on Section 179 capital investment depreciation permanent. But President Obama called for more clarity on how the tax break will be funded without adding to the federal deficit

    Livia Gershon Special To The Worcester Business Journal March 16, 2015
  • AbbVie adds anti-cancer drug with acquisition

    March 5, 2015

    Pharmaceutical giant AbbVie, which has operations in Worcester, will acquire Pharmacyclics, maker of the blood cancer treatment Imbruvica (ibrutinib).

    March 5, 2015
  • Hudson manufacturer changes name

    March 3, 2015

    A Hudson plastics manufacturer that bought two other firms over the last five years has brought the three companies under one name, its chief executive announced this week.

    March 3, 2015
  • Why do Mass. exports lag rest of U.S.? Experts point to product mix, stronger dollar

    Livia Gershon Special To The Worcester Business Journal March 2, 2015

    Before the bottom fell out of the global economy in 2008, sales of Massachusetts products to other countries were growing fast. But since the economy began to recover, the state's export growth has lagged the national numbers.

    Livia Gershon Special To The Worcester Business Journal March 2, 2015
  • New England Peptide to expand in Gardner

    Sam Bonacci February 24, 2015

    Biomedical firm New England Peptide (NEP) will expand its Gardner facility to create additional research and production space, the company announced Tuesday.

    Sam Bonacci February 24, 2015
  • Another record quarter for IPG Photonics

    Rick Saia February 20, 2015

    As it had forecast earlier this month, IPG Photonics of Oxford turned in a better-than-expected financial performance in the fourth quarter of 2014, reporting revenue of $207.4 million and net income of $56.4 million, both up substantially over the

    Rick Saia February 20, 2015
  • Holliston biotech closes public offering

    February 20, 2015

    Biotech firm Harvard Apparatus Regenerative Technology of Holliston has closed a previously announced public stock offering after raising about $8.6 million, the company announced this week.

    February 20, 2015
  • Precision Optics reports 3% revenue slip

    Rick Saia February 18, 2015

    Optical instruments maker Precision Optics of Gardner reported a 3-percent year-over-year drop in revenue for its most recently competed quarter, but cited increased interest in the company's products.

    Rick Saia February 18, 2015
  • Boston Scientific settles suit by Johnson & Johnson

    Rick Saia February 17, 2015

    Boston Scientific has agreed to pay rival Johnson & Johnson $600 million as part of a settlement of a lawsuit stemming from Boston Scientific's acquisition of Guidant Corp. nine years ago, the Marlborough life sciences company announced Tuesday

    Rick Saia February 17, 2015
  • After latest quarterly loss, can AMSC come back?

    Sam Bonacci February 16, 2015

    It was a company that was flying high until, rather suddenly, its numbers began taking a southward dive.

    Sam Bonacci February 16, 2015
  • In birthplace of modern rocketry, Central Mass. firms play a part in space exploration

    Sam Bonacci February 16, 2015

    Inside a 35,000-square-foot manufacturing plant in Hudson, circuit board connectors that will be launched into space as part of the Orion spacecraft mission are being prepared to withstand otherworldly temperatures and pressures. Just minutes away,

    Sam Bonacci February 16, 2015
  • Strong quarter, year for Cognex

    February 13, 2015

    Machine sensor manufacturer Cognex Corp. of Natick experienced a “fabulous” year, according to Chairman Robert J. Shillman, with the company reporting a 22 percent increase in its fourth-quarter revenue compared with the fourth quarter of 2013.

    February 13, 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.