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Massachusetts faces an $8.4 billion shortfall in revenue for roads, bridges and the MBTA over the next ten years, according to a new report.
An executive for the northeast division of a national healthcare provider has been appointed to be the new CEO of Worcester's Fairlawn Rehabilitation Hospital.
Caroline's Cannabis s the first woman-owned small business and the first general applicant to be awarded a final state license to sell marijuana products.
Four Central Massachusetts chambers of commerce have received more than $100,000 each in state funding to help with initiatives targeting small businesses.
Grafton is moving forward with a proposal to sell 8.8 acres of the former Grafton State Hospital land in conjunction with the state.
The first mom-and-pop cannabis store in Massachusetts was awarded a final license from the state Cannabis Control Commission on Thursday.
It's the busiest time of the year for Hopedale-based Green Mountain Chocolate.
A Milford lawyer is hoping to win approval to build a marijuana cultivation facility on vacant land in Hopedale.
Three Central Massachusetts communities are getting more than $162,000 in state grants for water infrastructure projects.
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.
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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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