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Marlborough battery-technology firm Ambri will lay off 105 workers, 89 residing in Massachusetts, unless it can raise sufficient funding on or before Nov. 13.
UMass Memorial Health, the largest healthcare provider in Central Massachusetts, has signed a non-binding letter of intent to explore a potential affiliation with one of the region’s few remaining independent hospitals, Milford Regional Medical…
Boston-based streaming technology company SeaChange International, which was formerly based in Acton, added CEO to President Chris Klimmer’s title, approximately a month after the company delisted its shares on the NASDAQ.
Marlborough-based Hologic, a medical technology firm specializing in women’s health, has entered into a partnership with international pharmaceutical firm Bayer to provide enhanced imaging mammogram services.
Three Central Massachusetts manufacturing firms were among 11 companies to split $2.2 million in grants from the Massachusetts Manufacturing Accelerate Program, administered by the Center for Advanced Manufacturing at MassTech Collaborative.
Eastern Insurance Group, a Natick-based subsidiary of Eastern Bankshares of Boston ,will likely be acquired by Illinois insurance giant Arthur J. Gallagher & Co. for $510 million in cash.
CVS Health, headquartered in Woonsocket, Rhode Island, has named Boston Scientific Chairman and CEO Michael Mahoney to its board of directors, effective November 1.
Unionized workers at Planned Parenthood League of Massachusetts have voted to ratify a new contract to allow for a $2.50 per hour wage increase, added anti-discrimination protections, and increased parental leave.
Ascend Elements is planning to move its headquarters and research-and-development facility from Westborough to Devens in September 2024.
Dean College has named Bill Ingram as the new dean of its Sanders School of Business and Patsy Collins Bandes as the first dean of the School of the Arts.
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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