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Jabil will look to acquire healthcare, defense, aerospace and industrial manufacturing in the coming years to help offset challenges in its core market, according to the company's annual report.
Three Central Massachusetts organizations have won grant money that will help boost the formation and development of small businesses.
The Central Massachusetts cities of Fitchburg and Worcester received positive news recently when Standard & Poor's issued favorable ratings on their general obligation bonds based on strong fis
Unitil Corp., the New Hampshire utility that provides electricity to homes and businesses in Fitchburg, Ashby, Lunenburg and Townsend, has long had a public relations problem in North Central Massa
Three of the least safe Bay State hospitals are located in Central Massachusetts, according to a report compiled Wednesday by a nonprofit.
Unitil Corp., the New Hampshire-based utility that provides power to customers in Fitchburg, Ashby, Lunenburg and Townsend, reported increased earnings over fiscal 2012 in the third quarter ended Sept. 30, thanks to a jump in natural gas sales.
Casino backers touted the economic benefits a $200 million slots parlor could provide to the North Central Massachusetts region, while opponents expressed concerns about traffic and property values yesterday at a public forum in Lancaster.
Having secured host community agreements and votes of approval, the three slots parlor applicants are reaching beyond the borders of the municipalities where they hope to locate and seeking to wrap up agreements with neighbors before the…
The parent company of Enterprise Bank, which has branches in three Central Massachusetts communities, saw net income grow 15 percent for its most recent quarter, and 10 percent for the first nine months of 2013.
Residents of North Central Massachusetts can weigh in Monday on the proposed slots parlor in Leominster.
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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