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Westborough-based nonprofit DetecTogether has raised an unprecedented amount of funding for its early cancer detection advocacy through the organization’s Sweet 16 Gala & Auction, headlined by comedian and TV host Jay Leno.
Two multi-family properties in Central Massachusetts have received loans as part of a wider three-property announcement of financing worth a total of $18.65 million.
Employees at ERA Key Realty Services, First Financial Trust, and Seder & Chandler are making moves in their careers.
More than half (51%) of WBJ readers believe the U.S. economy will decline in the second half of this year.
Advocates say the industry key to ending the region's persistent housing shortage is facing a workforce cliff.
The owner of Alpha Healthcare, a Swansea-based skilled nursing facility with a location in Franklin, has been cited about $1.1 million for penalties and unpaid wages to hundreds of employees.
SALMON Health and Retirement has selected Alessandro Vianello as the Milford senior care provider’s new CFO.
Middlesex Savings Charitable Foundation, the charity arm of Natick-based Middlesex Savings Bank, marked its 25th anniversary by awarding $5,000 grants to 50 nonprofits.
The museum at Framingham State University has received its largest-ever donation as the Danforth Art Museum and School has been gifted $4.66 million from a long-standing supporter.
In addition to considering mergers, local beer firms have begun to explore expanding their offerings to stay competitive.
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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