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Workers' Credit Union, based in Fitchburg, has announced a $3 million give back in 2016 for its members after it met financial goals.
AMSC has secured a U.S. Navy contract as the alternative energy company continues to diversify its client base.
Architectural design has the power to foster distinction, which has multiple benefits for businesses that want to stand out from the competition.
Precision Optics of Gardner, helped by higher demand for its products and the introduction of new offerings, saw a 17-percent jump in revenue growth in its latest quarter while the company cut its losses, it said Thursday.
Medical device manufacturer Arrhythmia Research Technology of Fitchburg reported a 39 percent decline in gross profits for the first quarter of 2015 compared with the first quarter of 2014.
A Pepperell firm is one of eight across Massachusetts to receive grants from the Baker administration toward training in workplace safety and health.
When Lisa Wong was elected Fitchburg’s mayor in 2007, the buzz around her was huge. It wasn’t just that she was only 28 and the first Asian woman to become mayor of any city in Massachusetts.
If you're not working in a building that bears some of the work of Maugel Architects, you've likely seen examples in traveling through Central Massachusetts.
Gov. Charlie Baker is aiming to restructure the MBTA in an effort to improve public transportation. Central Massachusetts communities are wondering whether these improvements will extend to the commuter rail lines that serve the region.
Real Deals highlights a recent commercial property transaction in Central Massachusetts. Commercial real estate firms that want to submit information on recent transactions can send it to editorial@wbjournal.com, or fax it to 508-755-8860.
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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