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Precision Optics of Gardner has received more than $1 million from a recent agreement to sell stock, the manufacturer of optical instruments announced.
Boston-based solar energy provider Nexamp has opened a 2.3-megawatt project in Winchendon that it says will generate “tens of thousands” of dollars in new tax revenue for the town over the next 20 years.
With momentum continuing and “Greater Boston at a remarkable turning point in its economic development,” analysts from Jones Lang LaSalle (JLL) said they saw strong commercial leasing activity in the second quarter in Boston and core submarkets,…
Registered nurses at HealthAlliance Hospital in Leominster have filed an unfair labor practice charge over what they say is the hospital's refusal to provide key information about its plans to merge hospital services and cut staff, according to the…
Two Central Massachusetts accounting firms – one based in Worcester and the other in Leominster - have agreed to merge, according to one of the two parties.
State public health officials on Friday announced 11 approved medical marijuana dispensaries – including two in Central Massachusetts - will move to the inspectional phase after completing a verification level that included background checks.
Unemployment rates in Central Massachusetts improved again in May and are down dramatically from May of last year, the Patrick administration said Tuesday.
HealthAlliance Hospital in Leominster plans to layoff the equivalent of at least 20 full-time workers, according to the union representing nurses.
Manufacturing services firm Jabil Circuit Inc., the parent company of Clinton-based Nypro Inc., reported net income of $188.3 million, or 93 cents a share, for the three months ending May 31, compared to net income of $50.1 million, or 24 cents a…
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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