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A study announced Monday will examine the barriers to growth facing small and medium-sized manufacturers in the Montachusett region of north central Massachusetts.
Four Central Massachusetts firms have been named winners of economic impact awards, given annually by MassEcon, a nonprofit that helps promote business growth in the commonwealth.
Now that Leominster voters have endorsed the proposal by Cordish Cos.
Five Central Massachusetts companies will receive $520,000 in grants from the commonwealth and are expected to create a combined 53 jobs by the end of 2015.
With the pot containing the state's lone slots parlor license, three competitors pitched their geographic desirability, ability to fund and quickly construct a facility and their past performance before the state's gaming commission Monday.
The slots parlor proposals for Leominster and two other communities in Massachusetts will go to a public hearing today before the Massachusetts Gaming Commission, which will decide which of the three will get the state's sole slots license.
Precision Optics of Gardner increased fourth-quarter revenue 4 percent and finished its fiscal year in June with a 17-percent jump in revenue, while cutting its quarterly loss, the maker of optical systems announced this week.
The 495 North submarket, which has struggled with office vacancy and offered lease rates well below those found in neighboring regions, showed signs of improvement in the third quarter of 2013, according to Boston commercial real estate advisory…
Residents of western Worcester County want rural Massachusetts to stay that way, according to a planning meeting Wednesday.
Jabil Circuit Inc., the Florida-based company that acquired Nypro Inc. of Clinton this year, reported quarterly and annual revenue gains for its 2013 fiscal year that ended Aug. 31, though net and operating income declined, due in part to 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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