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Cover for issue 20251103

🔒Developer plans restaurant, 44 apartments in historic Downtown Worcester building

Formerly known as the Waldo Street Police Station, the site is listed on the National Register of Historic Places.

🔒Marlborough tech firm acquires two AI companies, plans to build data center in India

Mere days after launching its subsidiary Keen Labs, Marlborough-based green tech company ConnectM Technology Solutions has acquired two new companies to support production lines under a newly created division.

🔒Aspen Aerogels stung by EV market downturn, taking $6.3M loss in third quarter, as new CFO takes over

Citing the downtown in the United States’ electric vehicle market, Aspen Aerogels said it is looking to continue diversifying into other markets.
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Latest Stories

Unions skeptical of potential Healey plan to offer buyouts to state employees

Asked about the buyouts, Healey spokesperson Karissa Hand did not explicitly confirm that the governor's considering the option. 

🔒Worcester voters back non-binding ballot question calling for City to tap into universities’ endowments

The question asked voters if they supported requiring private colleges and universities to invest 0.5% of their endowments annually into a community impact fund.

Care Central VNA & Hospice selects new hospice medical director

Home healthcare provider Care Central VNA & Hospice has selected a professor at UMass Chan Medical School’s Springfield campus to serve as the Gardner-based organization’s new hospice medical director.

🔒German manufacturer consolidates U.S. operations into new large Shrewsbury HQ

German manufacturer Physik Instrumente has opened a new U.S. headquarters in Shrewsbury, part of an attempt to improve its operations in the Americas and adapt to tariffs.

House to tackle elder home care reform on Wednesday

The House plans to consider an elder home care reform bill during its formal session Wednesday, Speaker Ron Mariano said Monday.

🔒Worcester investor pays $17.4M for New London apartments portfolio

Worcester-based Baystate Investment Fund acquired the properties.

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Career Opportunities

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The rocket launch that changed the world

WBJ will be doing our part in helping to celebrate the Goddard legacy with a special publication coming out in February called INNOVATORS.

🔒Mass. business confidence remained pessimistic for eight consecutive month in October

Massachusetts’ Business Confidence Index continued to tumble in October, reaching its third-lowest score in the past year.

Southborough high-end car insurer acquired by large New York firm

Hayden Wood Insurance Agency in Southborough, a firm with a specialty in insuring collector cars and motorsport vehicles, has been acquired by New York-based financial firm.

From the Editor: WBJ launches data-rich INSIGHTS special edition

This entire edition is anchored by graphics, charts, and lists full of historical and current data on the most pressing economic indicators for our business community.

🔒Are more skyscrapers coming to Worcester?

With housing a top-of-mind concern in urban areas today, developers and city leaders are looking to tall apartment buildings.

🔒Money on the sidelines: Real estate is having a rough year, but premium properties are still catching the attention of investors

Uncertainty seems to be the overarching theme of business in 2025, and commercial real estate has been no exception.
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Latest Poll

Do you seek out military veterans as potential employees for your company?

Veterans Day is coming up on Nov. 11, honoring the 16 million military veterans in the U.S, including those who own 5.4% of all businesses in the country. The U.S. Small Business Administration does afford veteran entrepreneurs support services and training through its Boots to Business and Veterans Business Outreach Centers, although more calls are being made to help veterans transition to civilian life, including founding their own businesses.

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Regional News

Blackstone Valley

🔒Running out of retail: Second-generation restaurant spaces are driving demand in Central Mass. retail real estate

Todd Alexander, an executive vice president at Worcester real estate brokerage Kelleher & Sadowsky Associates who focuses on the retail sector, has been busy...
Central Mass. South

🔒Movers & Shakers for Oct. 20, 2025

Employees at ERA Key Realty Services, bankHometown, and Spectrum Health Systems are making advances in their careers.
MetroWest

Framingham State University hires inaugural director of external affairs

Framingham State University has created its first-ever director of external affairs position, naming David Halbert to the inaugural role.
North County

🔒When a hospital closes: Central Mass. ER visits rose after Nashoba Valley shuttered, as hospital finances are increasingly strained

The volume in Central Massachusetts ERs is still expected to grow, exacerbated by a primary care shortage and incoming $1 trillion in cuts nationally to Medicaid.

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