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Parth Chakrabarti is responsible for growing the size, financials, and reach of the UMass Chan research enterprise.
Business professionals from organizations of all types and sizes hold some amount of power, but how you shape the economy and community is when you are truly influential.
State officials next week plan to jump-start the process for creating the administration's economic development plan, a framework that all new governors must produce during their first year in office.
Friendly House, Inc. of Worcester, a human services nonprofit, leases 14 of the apartments in the building and will continue to do so under the new ownership, according to a press release from NAI Glickman Kovago & Jacobs.
Springtide Child Development, an autism center with locations in Shrewsbury and across Massachusetts and Connecticut, has been acquired.
Tufts University, which operates the Cummings School of Veterinary Medicine at Tufts University in Grafton, has been ranked by U.S. News & World Report as having the 18th best veterinary science graduate program in the country.
Worcester-based tax and business advisory firm Cunningham & Associates purchased the former Worcester Five Cents Bank Building in Worcester to expand its business.
Former lieutenant governor nominee Steve Kerrigan, CEO of the Edward M. Kennedy Community Health Center in Worcester, cruised to the top post at the Massachusetts Democratic Party with no opposition Monday night.
After months of growing unemployment across Central Massachusetts communities, rates decreased in all three of the region’s metropolitan areas tracked by the state between February and March.
The Gov. Maura Healey Administration has allocated $34.3 million from the 2017 Volkswagen settlement to fund electric buses for regional transit authorities and electric vehicle 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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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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