Eric Casey

Eric Casey covers manufacturing and real estate for the Worcester Business Journal. He previously ran Burn After Reading, an online publication focusing on the cannabis industry. He has also formerly had freelance work published in outlets including Worcester Magazine and Different Leaf Magazine. Eric is a graduate of the University of Rhode Island, where he studied history and political science. He grew up in Marlborough and is currently a resident of Worcester.

Banking & Finance

Westborough manufacturer to raise $41M to advance AI, microLED tech

Westborough-based defense optics manufacturing firm Kopin Corp. has entered into a securities purchase agreement for private investment in company shares expected to raise $41 million.

Banking & Finance

Texas firm buys Worcester storage facility near former Rotmans site for $9M

Hines, a global real estate investment firm based in Houston, has purchased the site of a storage facility near the former site of Rotmans Furniture.

Banking & Finance

Commonwealth Fusion’s headquarters in Devens sold for $74M

The Devens headquarters of Commonwealth Fusion Systems has been sold for $74 million by a Boston-based real estate investment firm to two investment groups.

Education

Whitin Community Center purchases historic first high school site to meet growing childcare needs

The expansion project will see the vacant school building converted into a childcare center, which will add 20 new preschool seats and 65 additional school-age care slots.

Energy

New fiber internet provider launches service in Holden

Previously, Spectrum was the only wired internet provider available to residential customers in Holden.

Diversity & Inclusion

Worcester uses $500K Polar Park settlement to launch grant program for minority- and woman-owned construction firms

The City of Worcester is offering grants of up to $25,000 for certified minority- and woman-owned businesses to help expand their capacity for contracting opportunities.

Health Care

Gardner optics manufacturer to move HQ to Littleton, receives $1.3M tax credit

Medical and defense optics manufacturer Precision Optics is relocating its corporate headquarters from Gardner to a larger site at the King Street Common mixed-use development in Littleton.

Banking & Finance

Commonwealth Fusion inks $1B power deal with longtime shareholder after $863M fundraising round

After inking a similar deal with Google in June, Commonwealth Fusion has signed a power purchase agreement with a longtime investor.

Economy

Aspen Aerogels hires Braintree executive to lead HR, compliance efforts

Deegan joins the firm from Altra Industrial Motion, a Braintree-based manufacturer of power transmissions.

Diversity & Inclusion

🔒Preparing for disaster: With nonprofits teetering following federal cuts, the United Way has set aside $500K for the next crisis

Realizing federal cuts will impede nonprofits’ ability to respond in time of crisis, the United Way of Central Massachusetts launched the United Response Fund in August.

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