Banking & Finance

The Department of Education will resume debt collections for federal student loan borrowers on Monday, during a critical moment for higher education and affordability in Massachusetts and across the country.

The U.S. economy slightly contracted in the first quarter, confirming that both economic weakness and federal revenue uncertainties are ongoing concerns for state budget writers. The size of the contraction in the state economy might have been even larger, according to one local expert.

Two Central Massachusetts community colleges have secured a slice of $1.5 million in state grant funding to train workers in the healthcare and IT industries.

The House wrapped up work on a nearly $61.5 billion fiscal year 2026 budget plan after two and a half days of proceedings that added tens of millions of dollars in spending and spotlighted fault lines on a series of broader policy issues.

In addition to having the ability to make employees feel empowered, there are also financial benefits to starting an employee-owned business or converting an existing business.

Raise Up says the 2,642 ultra-wealthy individuals delineated in the report represent 0.04% of the Massachusetts population, and collectively hold $500.4 billion in total wealth.

A new brick-and-mortar bank has come to Worcester’s Tatnuck Square as Cornerstone Bank has opened a branch at 1125 Pleasant St.

Mount Wachusett Community College in Gardner is the latest Central Massachusetts institution to receive a gift from the assets of former Becker College. 

The first approved multi-family development in Templeton in a quarter century will break ground in May.

Three housing developments in the downtown areas of two Gateway Cities in Central Massachusetts have received a combined $3.8 million in tax credits.