Banking & Finance

Project New Hope in Worcester has been named among this year’s Neighborhood Champions by Bank of America for the nonprofit’s work supporting veterans in Central Massachusetts.

IPG Photonics Corp., a global laser manufacturing firm headquartered in Marlborough, has acquired German firm cleanLASER for approximately $75 million. 

Looking to participate in this year’s GivingTuesday by giving local? WBJ’s 2024 Giving Guide includes a comprehensive list of all Central Massachusetts nonprofits with more than $500,000 in annual review.

Central Massachusetts Housing Alliance, a Worcester-based nonprofit addressing homelessness through initiatives aimed at promoting long-term housing stability, has teamed up with the City of Worcester to open a Day Resource Center for the community’s unhoused population. 

Worcester County state, local, and nonprofit agencies have received a slice of nearly $3.8 million in federal funding to help mitigate intimate partner violence, sexual assault, human trafficking, and stalking in the local community. 

Employees at Assumption University, Fidelity Bank, and Mirick O'Connell are advancing in their careers.

Worcester Business Journal has launched its annual survey of readers for the end-of-year Economic Forecast special edition, in order to gauge business leaders' outlooks on the Central Massachusetts community in the coming year.

The Out to Lunch Festival & Farmers' Market series in Worcester will offer extended dates and an expanded vendor lineup in 2025, as program administrator Downtown Worcester Business Improvement District has received a $100,000 grant through the Massachusetts Urban Agenda Grant Program.

An effort to convert a historic Maynard schoolhouse into a 12-unit, mixed-income apartment building has received $3 million in loan financing.

The Bill & Melinda Gates Foundation, a nonprofit addressing inequities on a global scale, has extended its reach to Central Massachusetts, awarding Ashland-based BioSurfaces a $2.06 million grant.