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People are on the move at Country Bank, Spectrum Health Systems, Inc., RCAP Solutions, and more.
Central Massachusetts communities have received roughly $44.3 million in loans and $5.6 million in loan forgiveness grants from the state treasurer to go towards improvements to drinking water and wastewater infrastructure, according to a Thursday…
The 56-acre Maharishi Ayruveda Health Center, which is located in an historic mansion in Lancaster, sold for $2 million, according to the Worcester South District Registry of Deeds.
Harrington Farm, a popular wedding venue in Princeton, has been sold by its owner of almost three decades for $6.4 million, according to the Worcester South District Registry of Deeds.
Unemployment in the Greater Worcester metropolitan area saw a decrease of 0.4 percentage points in November, dropping to 4.8%, according to Thursday’s report from the U.S. Bureau of Labor Statistics.
A property containing a Rite Aid in Clinton sold on Tuesday, along with several surrounding vacant lots, for just over $3.1 million, according to the Worcester South District Registry of Deeds.
A 78,000-square-foot flex office space known as the Appleworks in Harvard has sold along with an adjacent property for a total of $6 million to a Boston developer, according to the Worcester South District Registry of Deeds.
Randolph and Baldwin, an Ayer-based engineering and design firm, has purchased a warehouse on Jytek Road in Leominster for $1.6 million, according to real estate database CoStar.
To help you navigate the ins and outs of the region's business community, WBJ has compiled a list for its Economic Forecast edition of 22 people who will have an outsized role in shaping those trends.
Sbrega is a strong proponent of small businesses, particularly cannabis startups often facing problems securing funding, as marijuana remains illegal federally.
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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