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House Democrats rolled out a major new spending initiative Wednesday, outlining a $693 million supplemental budget packed with funding for hospitals, collective bargaining agreements, special education and workers in the state's safety net system.
Atlanta-based developer Wood Partners, which is constructing a high-profile apartment complex in Worcester, completed the purchase of a downtown block in Marlborough for another project – its planned Alta Marlborough mixed-use development.
Framingham clean energy company Ameresco has signed a 20-year, eight-site contract with Colorado electric utility United Power to install a large battery system designed to improve the power grid.
MassDevelopment has expanded its Property Assessed Clean Energy Massachusetts program, once available only to existing buildings, to include new construction projects.
Pittsfield-based Berkshire Bank will permanently close two Central Massachusetts branches in Westborough and Marlborough, according to the June 30 activity report by the Massachusetts Division of Banks and Board of Bank Incorporation.
The owners of Canton-based Prestige Car Wash and Gas bought a portion of a Milford shopping plaza for $4.7 million. They plan to build a car wash on part of the site.
A three-story office and retail complex at 10-20 Main St. in Natick was sold to an investor for $2.4 million.
Amid uncertainty about a future recession, a pause in interest rate hikes, and a continuing tight labor market, Central Massachusetts business leaders turned pessimistic in June.
Ameresco, a Framingham-based clean energy and technology company, has secured four projects for California power plant sites.
An affiliate of Boston developer Boghos Properties purchased parcels of land totaling $3.6 million to build an approved 176-unit mixed-use development in Framingham.
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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