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It may not have profits, but AMSC, of Devens, does have prospects. Analysts say the troubled clean energy technology company is not in dire straits, but needs to execute on current orders and sign new deals to recover from several years of legal…
Nypro, of Clinton, opened a new 200,000-square-foot manufacturing facility in Devens on Thursday as the plastics manufacturer turns up the production of products for its health care-industry customers.
Despite beating analyst expectations on the strength of iPhone sales for which it makes casings, manufacturing services firm Jabil Circuit Inc., the parent company of Clinton-based Nypro Inc., reported rough times for both its fourth quarter and…
Fidelity Bank of Fitchburg has agreed to pay $3.5 million toward a relief fund for Massachusetts investors who were defrauded by an alleged pyramid scheme involving TelexFREE of Marlborough, the secretary of state's office announced Monday.
A hazardous waste cleanup professional from Clinton has lost his state license for eight months after he allegedly concluded that there was no imminent hazard at a former dry cleaner in Ayer when, in fact, there was, according to a statement from…
Devens-based AMSC said it has broken through another roadblock in the Chinese court system in the company's trade infringement battle with a former customer.
Fitchburg-based digital marketing company 190 Group has agreed to purchase an ecommerce Web design and development firm, adding 1,300 customers to its client base, the company announced.
IC Federal Credit Union will expand into Worcester before the end of the year, the Fitchburg-based financial institution announced.
There's no question that the health care landscape is shifting — for patients, doctors and medical centers, as well as insurers. As one way to adapt, Harrington HealthCare System in Southbridge and Heywood Hospital in Gardner have formed a…
Increased demand helped put tool manufacturer L.S. Starrett of Athol in the black for its 2014 fiscal year, which ended on June 30.
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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