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A local caterer has bought the former Hodges Theater in Devens and the three acres on which it's situated, according to MassDevelopment, which sold the property for $120,000.
National auto parts retailer O'Reilly Auto Parts will be bringing at least 300 employees over the next few years to a recently purchased distribution facility in Devens.
North Central Massachusetts is an area that keeps its manufacturing past in full view. Many towns retain nicknames that bring to mind old, dirty factories turning out the kinds of things that are now mostly imported from China. For instance,…
Ayer-based Cambrooke Foods, which provides medically appropriate foods to people with metabolic disorders, announced Wednesday it has formally changed its name to Cambrooke Therapeutics.
Leave it to Devens to become the destination of the much-anticipated film studios that economic development leaders had hoped would come when Massachusetts implemented tax credits designed to lure the film industry. Developers floated plans for…
Unemployment in Central Massachusetts held fairly steady over the past month but is markedly higher than this point last year.
MassDevelopment, the state’s finance and development agency, has issued a $75-million tax-exempt bond for the renovation of Groton School’s historic Schoolhouse building, built in 1899.
Arrhythmia Research Technology of Fitchburg saw a 4.7 percent drop in revenue for the third quarter, but substantially cut its losses as the medical device manufacturer touted several victories from July through September, the company said today.
Voters in Milford yesterday said “no dice.” No blackjack or slots either. In fact, there was nothing ambiguous about the denial they delivered yesterday to the developers of the proposed resort casino near the junction of Interstate 495 and Route 16.
Precision Optics of Gardner increased fiscal first-quarter revenue 61 percent while cutting its quarterly loss, the maker of optical systems announced Monday.
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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