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Amid uncertainty about a future recession, a pause in interest rate hikes, and a continuing tight labor market, Central Massachusetts business leaders turned pessimistic in June.
The U.S. EPA awarded $2 million to the Worcester Business Development Corp.’s nonprofit arm, New Garden Park, for environmental cleanup at a site formerly owned by manufacturer Saint-Gobain slated for redevelopment.
A UMass Chan Medical School professor has received $500,000 from a North Carolina private foundation to research using cholesterol metabolites to regulate the immune system.
A group calling itself the Massachusetts for Mental Health Options committee filed paperwork with state campaign finance regulators signaling plans to pursue a ballot question that could decriminalize psychedelics.
Worcester artists collective El Salón and community radio station, WCUW, each received MassDevelopment Transformative Development Initiative (TDI) Creative Catalyst Grants for projects serving their communities.
Connecticut-based insurance agency, Smith Brothers Insurance, acquired Rawson & Sons Insurance Group of Worcester.
Aspiring nurse aides should be allowed to take the certification exam in languages other than English, lawmakers and advocates said Thursday as they sought to revive support for a measure that died at the legislative finish line last year.
Massachusetts has more than enough solar energy potential to support the decarbonization requirements enshrined in state laws, according to a report officials released Thursday.
The City of Worcester is launching a pilot program to test a new crisis response model for emergencies involving mental health and substance abuse components.
Arris Partners, a Concord-based real estate investment firm, purchased a 3.3-acre industrial property at 104 Gold St. in Worcester for $7 million.
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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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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