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NorthBridge Partners, LLC, a real estate investment company based in Wakefield, has purchased $16.2 million in properties in Shrewsbury, Sterling, and Boylston over the last few weeks.
Solvus Global, a technology solutions company founded by two PhD graduates from Worcester Polytechnic Institute, has received a $1.6 million grant from the Commonwealth of Massachusetts to develop a new manufacturing center, according to a Friday…
Mass Humanities, the state affiliate of the National Endowment for the Humanities, has awarded a cumulative $90,508 in grants to nine Central Massachusetts organizations in an effort to support them in the face of ongoing challenges from the…
A 168,000-square-foot property on Hudson’s Main Street sold for $11 million, according to a press release from Greater Boston Commercial Properties Inc., who brokered the sale.
A Framingham real estate company purchased a 102,000-square-foot, fully leased industrial warehouse in Leominster for $5.9 million, according to the Worcester North District Registry of Deeds.
Eight women from around Central Massachusetts have earned the honor this year.
Central Massachusetts is home to a wide range of manufacturing companies, including healthcare, industrial, and technology. Here are the five largest manufacturers in the region when ranked by number of local employees, according to surveys…
A 44-unit affordable-and-workforce housing development in Fitchburg received $5.3 million in financing from the Massachusetts Housing Finance Agency, according to a press release from MassHousing.
Cathryn A. Shaw-Reid, Ph.D. did not find her way to her position as vice president of global drug substance biologics operations at Bristol Myers Squibb by accident.
People are on the move at Greater Worcester Community Foundation, North Brookfield Savings Bank, Reliant Medical Group, and more.
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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