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Gov. Deval Patrick has signed an $86 million spending bill, closing the books on fiscal year 2014, giving the Massachusetts Department of Transportation ownership of its headquarters next to the Boston Public Garden and creating a $2 million fund to…
Devens-based AMSC said Korea Electric Power Corp. (KEPCO) is testing a cable that uses AMSC's trademarked wire at a smart grid demonstration site on Jeju Island, a province of South Korea. The high-temperature superconductor cable uses AMSC's…
As some communities evaluate tax rate changes for businesses, their is mixed evidence of the impact on businesses.
The Massachusetts Nurses Association has been on the move in Central Massachusetts in recent months. In July, registered nurses at Nashoba Valley Medical Center in Ayer voted to join the union. Two months later, RNs at Athol Hospital did the same.
Lowell-based Enterprise Bancorp Inc., the parent of Enterprise Bank that has branches in Acton, Fitchburg and Leominster, reported an increase in net income fueled by net interest income for the third quarter.
Several Central Mass. organizations were among the 28 community hospitals to receive awards totaling $60 million from the Massachusetts Health Policy Commission (HPC), it announced on Wednesday.
Geronimo Properties of Leominster said it purchased the SouthFitch Shopping Center, a 30,000- square-foot retail property at the corner of John Fitch Highway and Summer Street.
The Health Foundation of Central Massachusetts has announces five grants to support a range of projects throughout the region — all of which are expected to improve the health of the area population.
Precision Optics of Gardner closed its fiscal year by reaching a sales record while reducing losses, the company said Tuesday.
Gardner received a $200,000 MassWorks grant Monday that will assist a $1.5 million expansion of New England Peptide (NEP) in the city's Summit Industrial Park.
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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