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For better or for worse, Central Massachusetts is out of the running for any type of gambling site, after the Massachusetts Gaming Commission awarded the state's only slots parlor license to Penn National Gaming, which will build a facility down…
A global firm specializing in water, hygiene and energy technologies has signed a lease for 4,000 square feet of warehouse space in Shirley.
Unemployment in Central Massachusetts jumped significantly in January but is down from January of last year, the Patrick administration said today.
Quinsigamond Community College (QCC) will receive a $500,000 grant for their engineering, science and technology center, the school announced.
Three community development organizations in Central Massachusetts received a combined $330,000 to increase economic opportunities for low- and middle-income households, the Patrick administration announced today.
The state gaming commission has picked Plainville over Leominster and Raynham for the one slots parlor license mandated in the 2011 gambling expansion law.
Four life science companies in Central Massachusetts received a combined $1.54 million in tax incentives to create 87 jobs in 2014, the Massachusetts Life Sciences Center (MLSC) announced Wednesday.
MassEcon, the state's private-sector economic development partner, unveiled 81 new sites that have been deemed ready to accommodate business tenants interested in locating in the Bay State.
Precision Optics Corp. Inc., of Gardner, said new and larger business contracts led to revenue that nearly doubled in the second quarter ending Dec. 31, according to an earnings statement.
Devens-based AMSC narrowed its losses in the third quarter ending Dec. 31, according to an earnings statement, while revenue increased due to growth in the clean energy firm's wind segment.
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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