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Fitchburg-based IC Federal Credit Union will hold a grand opening for its new Worcester branch at 947 West Boylston St. next month. The office opened Thursday.
Optical instruments maker Precision Optics of Gardner reported a 3-percent year-over-year drop in revenue for its most recently competed quarter, but cited increased interest in the company's products.
It's our annual look at three business executives in Central Massachusetts - and one organization - that have made big differences. This year's honorees come from four distinct industries. Here are their stories.
It was a company that was flying high until, rather suddenly, its numbers began taking a southward dive.
Hamid Mohaghegh has successfully stood up to the big-pharmacy players in growing his independent Central Massachusetts chain, Family Pharmacy Inc., over the last 15 years. While independent pharmacies have struggled to keep their doors open,…
Roy M. Nascimento believes a regional approach can pave the way for economic growth in Fitchburg, Leominster and the towns surrounding those two cities.
Toolmaker L.S. Starrett recorded net income of $2.4 million, or 35 cents per share, in the second quarter of its 2015 fiscal year, the Athol-based company announced Thursday.
AMSC of Devens continued to lose money in the most recent fiscal quarter that ended Dec. 31, despite increasing revenue over the previous year.
Here we go again! Less than a week after a monster blizzard dropped about three feet of snow on Central Massachusetts – including a record in Worcester – the region was braced for another foot or so of snow today as schools canceled classes and many…
Annual net income increased 14 percent for New Hampshire-based power company Unitil Corp., driven by higher natural gas and electric sales, according to an earnings statement released Wednesday.
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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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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