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Greater Worcester
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Report waves red flags on Mass. costs, outmigration
Michael P. Norton | State House News Service May 24, 2023The "red flags are waving" across Massachusetts, with housing, transportation and migration patterns continuing to trend in the wrong direction, according to a new report.
As it looks to sell Shrewsbury campus, UMass moves president’s office to Westborough
Timothy Doyle May 24, 2023The University of Massachusetts president’s office is relocating from its current offices in Shrewsbury to 50 Washington St. in Westborough.
More than a dozen Cumberland Farms properties sold in Central Mass. for $73M as Calif. firm begins $1.5B East Coast expansion
Timothy Doyle May 23, 2023California-based Realty Income Corp. has begun acquiring Cumberland Farms locations as part of a $1.5-billion sale-leaseback deal with United Kingdom-based EG Group.
Founder of Worcester nonprofit LIFT no longer part of leadership
Isabel Tehan May 23, 2023Living in Freedom Together, a Worcester nonprofit organization aiming to end the sex trade, is no longer led by its founder, Nicole Bell.
Unemployment rates across Central Mass. drop full percentage point in April
Timothy Doyle May 23, 2023Metro regions across Central Massachusetts experienced lower unemployment again in April after a drop in March.
CCC agrees to faster approach on cannabis cafes
Chris Lisinski | State House News Service May 22, 2023Cannabis regulators voted Monday to overhaul their approach toward rolling out social consumption locations, sometimes referred to as marijuana cafes, that voters embraced in the 2016 ballot question legalizing recreational marijuana use.
After April drop, mid-May tax collections up
Michael P. Norton | State House News Service May 22, 2023State tax collections over the first half of May were up nearly 12 percent over the same period in May 2022.
Kraft Group companies open two new facilities in Boylston
Timothy Doyle May 22, 2023Worcester-based packaging manufacturer Rand-Whitney Container opened its new 384,000-square-foot manufacturing facility in Boylston on Thursday.
Worcester developer plans Webster Street mill transformation
Timothy Doyle May 22, 2023Worcester Affordable Housing LLC has proposed a renovation and addition to its former mill building at 70 Webster St. in Worcester, creating 33 apartments.
Massachusetts unemployment rate sees slight decrease in April
Isabel Tehan May 19, 2023The unemployment rate in Massachusetts in April fell slightly for the second month in a row, according to the state Executive Office of Labor and Workforce Development.
Today's Poll
In June, the median single-family home price in Worcester County rose by 2.6% to $513,000 while the median home price in Middlesex County climbed by 2.2% to a $905,000. These increased prices have not deterred buyers, as the counties saw a 10.8% and a 6.2% increase in transactions over-the-year from last June, respectively.
Despite the increase in sales, Massachusetts is experiencing an unhealthy house-price-to-income ratio, with the typical home in Massachusetts costing six times the average annual household income, according to The Boston Globe.
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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.
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Worcester 300, City of Innovators
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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Get the Daily Report
Stay 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.
-
Subscribe
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 300, City of Innovators
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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