Please do not leave this page until complete. This can take a few moments.
When President Joe Biden’s administration dropped a planned $600 reporting requirement on bank account transactions, financial institutions across Central Massachusetts and the nation breathed a collective sigh of relief.
After a spike during the summer, the percent of the labor force that is unemployed in the Worcester metropolitan area dipped to 5.4% in September, one of the lowest rates since the beginning of the pandemic.
The North Central Massachusetts Development Corp., the economic development branch of the North Central Massachusetts Chamber of Commerce in Fitchburg, announced on Tuesday it was providing a microloan to Homestead Market in Winchendon.
Massachusetts-based, vertically integrated cannabis company Local Roots opened an adult-use dispensary in Marlborough last week, with plans for a ribbon cutting and grand opening this Friday and Saturday, the company announced on Wednesday.
Advanced processing manufacturer Accumet Engineering, Inc., currently based in Hudson and Westford, plans to consolidate its operations in a planned 39,375 square-foot facility in Devens, using a $4.14-million tax-exempt bond from MassDevelopment.
The City of Gardner received a $4.1-million grant from the state’s MassWorks program to revitalize its Main Street, according to a Monday press release from Mayor Michael Nicholson.
Sean Smith, owner of 873 Cafe Tavern in Ashby, has received a $75,000 loan through the North Central Massachusetts Development Corporation.
The changing face of retail is having a profound impact on Massachusetts’ real estate and development landscape.
Fueled by communities near I-495 and the Massachusetts Turnpike, the Central Massachusetts region grew 8.1% in population from 2010 to 2020, outpacing both the state (6.0%) and nation (6.5%), according to the U.S. Census Bureau’s Decennial Census of…
Indian Hill Music, a regional nonprofit center for music education and performance, announced it will move its headquarters from Littleton to a brand new facility in Groton, and will change its name to Groton Hill Music Center.
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.
Stay 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.
Sign upWorcester 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.
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.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy