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Over the past 10 years, WBJ has honored manufacturers and their executives more than 70 times with awards ranging from overall excellence to workforce development to product innovation.
The statewide unemployment rate in Massachusetts rose slightly in February, above the national rate and where the Massachusetts rate was a year ago.
After a statewide drought last year that fueled wildfires and severely decreased water levels in rivers and streams, plumbers were on Beacon Hill Thursday lobbying for a long overlooked bill to promote gray water recycling and ease pressure on…
Ratepayers know too well that February was a rough month for retail utility bills in New England, marked by soaring costs that threw household and business budgets out of whack.
For communities that have welcomed recreational sales, this newly created industry and the sales associated with it have been a boon for their municipal budgets.
The development firm behind a 845,000-square-foot UPS distribution center has bought the property for $25 million.
“We’ve been DOGE-ed,” said Christopher Egan, president of Carruth Capital in Westborough, which owns one of the impacted properties.
Even though it’s always been centered around the idea of economic and community excellence, Worcester Business Journal’s Business Leader of the Year award has evolved over the years.
Now in its third generation of family ownership, Whitinsville-based Koopman Lumber has expanded from a single retail hardware store to a network of a dozen locations spread across Massachusetts.
Professionals at Fletcher Tilton, ERA Key Realty Services, and Clinton Savings Bank are taking on new opportunities in their careers.
In an effort to increase the pace of new housing development in Massachusetts, Gov. Maura Healey has proposed streamlining the environmental review process for certain new housing projects, with the goal of reducing the time spent on the process from about one year to 30 days. Environmental reviews are a hallmark of community planning, to ensure new development doesn't negatively impact surrounding properties or natural resources, even though the process does add significant time and often cost to projects. Healey's proposal comes after Massachusetts fell behind the national average in new housing production, despite adding 90,000 new units since she became governor in 2023.
New England already averages the longest timeline in the nation to build a single-family home once the developer has been giving the authorization to move forward with construction, according to U.S. Census statistics compiled by the National Association of Home Builders. In 2023, single-family homes in New England averaged 13.9 months from permit to completion. The South Atlantic states have the lowest average of 8.9 months while the region that includes Texas, Oklahoma, Arkansas, and Louisiana is the second quickest at 9.4 months. The second-longest average after New England is the New York, New Jersey, and Pennsylvania region, which takes 13.2 months.
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SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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