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The board of directors for the Hanover Insurance Group, Inc. of Worcester has increased the company’s current share repurchase authorization by $400 million to $1.3 billion.
MassDevelopment has awarded $257,800 from the Brownfields Redevelopment Fund to the Main South Community Development Corp. for work on a former foundry site vacant for 60 years. The funds will help move an $18-million mixed-use Worcester housing…
YWCA Central Massachusetts announced on Wednesday that Deborah Hall will be the nonprofit's new executive director, replacing Linda Cavaioli who is retiring in June after 30 years.
Employees in public-facing jobs or working outside their homes who contract COVID-19 would be presumed to have caught the virus at work and eligible for workers compensation benefits under legislation aired at a public hearing Tuesday and knocked…
Opioid overdose deaths in Massachusetts rose by 5 percent in 2020, marking the first increase in three years and climbing to a level slightly higher than the previous peak in 2016.
The Worcester Business Journal will hold its annual Manufacturing Summit & Excellence Awards on May 19.
A new study looking at hundreds of agreements between municipalities and marijuana businesses licensed to operate in those cities and towns found that cannabis companies have paid at least $2.46 million more than required under law, and that…
In Worcester Business Journal's annual list of the most influential people in the Central Massachusetts economy, the Power 50, one-third of those listed have ties to the manufacturing industry.
When the first pitch goes out at 3:05 p.m. Tuesday for the Worcester Red Sox's first game at Polar Park, it will mark the end of a long journey and the beginning of a new era for the city.
Quinsigamond Community College in Worcester is hosting on Tuesday a COVID-19 vaccine clinic.
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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