Banking & Finance

Comparisons to April 2023 might not be helpful anyways. Last April, tax revenue came up $1.435 billion short of what was expected and turned what was shaping up as a surplus into a deficit.

Worcester area residents can look forward to yet another year of fare-free bus rides as the Worcester Regional Transit Authority board voted to extend the gratuitous service for the fifth consecutive year. 

Mustang Bio will reduce its workforce by approximately 81% following a vote by the board of directors, according to a regulatory filing.

Under Lussier’s watch, Webster First grew from $87 million in assets in 1987 to $1.4 billion in assets in 2024. In 1995, he helped the credit union transition from a state charter to a federal charter.

Main Street Bank has a new member of its executive team, as the Marlborough-based bank has named David Felton as its executive vice president and chief deposit officer.

People are moving up at Cornerstone Bank, the Marlborough Economic Development Council, and bankHometown.

For the burgeoning life sciences hub that is Central Massachusetts, Governor Maura Healey’s $3.5-billion Mass Leads Act economic development proposal looks to add fuel to fires.

Now professor and chair of the Department of Dermatology at UMass Chan, Harris has founded a vitiligo pharmaceutical company and is about to launch a 1,000-person vitiligo study.

On Wednesday, UMass Chan announced the creation of the university’s Health AI Assurance Laboratory: a lab designed to evaluate processes and impacts of health AI technology to advance efforts for more accountable, unbiased, and efficacious patient care.

Worcester Polytechnic Institute has announced the establishment of the country’s first PhD program in financial technology (fintech). With the university already offering both bachelor's and master’s programs in the field, this newest degree means WPI is the first institute in the nation to offer all three degree options.