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Milford construction contractor Consigli Building Group is the largest employee-owned company based in Central Massachusetts, according to a first-time list produced by the WBJ Research Department for the 2023 Book of Lists.
Local unemployment rates are up approximately half a percentage point across Central Massachusetts labor markets.
Altus Power of Stamford, Conn. opened a new 10-megawatt solar array and 15-megawatt battery storage system in Holliston.
A Northborough shopping plaza at 292 Main St. was sold on Friday for $2.65 million.
Marlborough-based Boston Scientific will close its manufacturing facility in Fremont, California, and lay off 54 workers beginning on Aug. 11, according to a California WARN report.
Holliston biotech firm Biostage has rebranded back to its former name, Harvard Apparatus Regenerative Technology.
Littleton-based Workers Credit Union is launching a construction initiative, updating 11 of the credit union’s 18 locations over the next few years.
Despite progress in the lower rungs of higher education’s leadership ladder, women are not equally represented in the industry’s top executive spot.
People are on the move at Saint Vincent Hospital, Rockland Trust, and ERA Key Realty Services.
The Corridor 9/495 Regional Chamber of Commerce named the president and CEO of UMass Memorial Health-Marlborough Hospital and UMass Memorial HealthAlliance-Clinton Hospital in Leominster as the chamber’s new board chair for a two year term.
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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