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The Massachusetts Department of Transportation is set to begin construction along seven miles of I-190 from the West Boylston-Stering town line to the Sterling-Lancaster town line.
New York-based Advance Local is growing its presence in Central Massachusetts. The company is set to open an office for its MassLive Media division near the Worcester Common this month.
Two decades have passed since Digital Equipment Corp. occupied a 58-acre site in Maynard just a mile south of town center. More than half of that time has been spent trying to redevelop the property.
A Millbury plumbing business not only helped unclog pipes and drains, but also illegally grew more than 1,000 marijuana plants at a time, federal prosecutors say.
Habitat for Humanity MetroWest/Greater Worcester, Harrington Physician Services and AdCare Hospital are some of several Central Massachusetts companies to recently announce new hires.
That lack of advance planning makes a difference to the bottom line.
Family businesses likely don't see themselves as dictatorships, but to be multi-generational businesses, they've survived by adapting and looking ahead instead of how things have been done in previous generations.
Fidelity Bank grew by 5 percent in 2017, reaching total assets of $819 million while investing in more than 145 local businesses.
Worcester Polytechnic Institute has set its own new record for number of patents in the past year, with 16 issued.
Slowey/McManus Communications, a strategic communications firm based in Boston, has opened a small Worcester office in an effort to branch out to clients in Central Massachusetts.
When City of Worcester and Worcester Red Sox officials announced in 2018 the plan to construct the Polar Park baseball stadium in the Canal District, a key part of the economic development effort was a partnership with Boston developer Madison Properties to redevelop five properties around the ballpark into residences, hotels, and office buildings, with openings scheduled to begin in 2021 when the stadium opened.
All five of those Madison projects are significantly behind schedule and only one has come to fruition -- the high-end 228-apartment complex The Revington -- although the Canal District has seen other non-Madison developments come online, including The Cove and District 120 apartment complexes. All developments in Central Massachusetts have faced headwinds since the start of the COVID-19 pandemic, including trouble obtaining affordable financing, shortage of materials and labor, and downturns in the commercial real estate and life sciences industries.
The slow development of the Madison properties was the main reason cited by City officials for why the City's plan to not use general taxpayer funds to pay for the $160-million Polar Park has failed. Members of the City Council have gone as far as to call for one key Madison property to perhaps be seized by eminent domain to make way for a new developer.
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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.
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