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Technology

  • GTC Annual Revenues Up, Net Loss Down

    February 27, 2009

    GTC Biotherapeutics Inc., the Framingham company that recently received FDA approval for a therapeutic protein produced in the milk of genetically modified goats, saw its revenues rise in 2008.

    February 27, 2009
  • Mass. Gets Props For Innovation

    Eileen Kennedy February 27, 2009

    An annual innovation index released today, which benchmarks the state's innovation economy against nine other technology states, shows that Massachusetts leads in several areas including patents, research funding and education.

    Eileen Kennedy February 27, 2009
  • Alseres Gets $200K Financing Agreement

    February 27, 2009

    Alseres Pharmaceuticals Inc. of Hopkinton has received $200,000 through a financing agreement with Cato Holding Co. of North Carolina.

    February 27, 2009
  • Netezza Acquires Maynard Data Audit Firm

    Matthew L. Brown February 25, 2009

    Marlborough-based Netezza Corp. has acquired data center auditing and security firm Tizor Systems.

    Matthew L. Brown February 25, 2009
  • Boston-Power Hires Fang As Adviser

    February 24, 2009

    Westborough lithium-ion battery company Boston-Power has hired Max Fang, a Taiwan-based industry executive, as a business adviser.

    February 24, 2009
  • Thorne Goes To HubSpot

    February 24, 2009

    Internet marketing company HubSpot Inc. has hired Brian Thorne, the former director of sales for ARG Interactive in Worcester, as a sales manager covering Central Massachusetts.

    February 24, 2009
  • Boston-Power In Taiwan Manufacturing Deal

    Matthew L. Brown February 24, 2009

    Westborough-based Boston-Power Inc. has struck a deal with a Taiwanese company that will dedicate a factory to producing nothing but Boston-Power's Sonata Lithium-ion batteries.

    Matthew L. Brown February 24, 2009
  • Protonex Makes New Wearable Power Systems

    February 20, 2009

    Southborough fuel cell power system company Protonex Technology Corp. has created two new power systems that can be worn by members of the military.

    February 20, 2009
  • Expanding Fiberoptics Firm Moves To Worcester

    Matthew L. Brown February 18, 2009

    Schoelly Imaging, the North American partner of a German fiberoptics company, is relocating from West Boylston to refurbished space at 722 Plantation St.

    Matthew L. Brown February 18, 2009
  • Three Advisers For Azuki Board

    February 17, 2009

    Acton Mobile Media company Azuki Systems Inc. has formed an advisory board of industry leaders and chosen three inaugural members: John Burris, Mike Baker and Todd

    February 17, 2009
  • Marlborough Tech Firm Bankruptcy Filing Reveals Debts

    Eileen Kennedy February 16, 2009

    The liquidation of ThinkEngine Networks Inc., a Marlborough-based maker of Internet conferencing, media and VOIP (Voice Over Internet Protocol) servers, continues in U.S. District Court in Worcester.

    Eileen Kennedy February 16, 2009
  • Building On Gateway's Success

    February 16, 2009

    Warren Buffet famously advised investors to “be fearful when others are greedy and greedy when others are fearful.” We would argue that now, when fear abounds, is the time for Central Massachusetts, and the folks who want to make Worcester the cen

    February 16, 2009
  • Cutting Edge Technology From Southbridge Firm | If you eat it, a Hyde Tools blade probably cut it

    Matthew L. Brown February 16, 2009

    The Hyde Tools plant on Eastford Road in Southbridge is a very interesting place.

    Matthew L. Brown February 16, 2009
  • Photo Finish

    February 16, 2009

       

    February 16, 2009
  • Dried Up: Venture Capital For Biotechs Is Disappearing Quick | Central Mass. firms must find new ways to stay afloat

    Shaun Tolson February 16, 2009

    For Kevin O’Sullivan, president and CEO of Massachusetts Biomedical Initiatives in Worcester, the message at the 10th Annual MassBio Investors Forum in December was a startling one.

    Shaun Tolson February 16, 2009
  • Shaun Tolson February 16, 2009

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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.