Banking & Finance

With some exceptions, all new Executive Branch hiring between April 3 and June 30 will need to be approved by the Executive Office of Administration and Finance based on time-sensitivity and the importance of positions, the office said.

In January, more businesses were incorporated in Central Massachusetts than in any other month since at least January 2017, outpacing the state as a whole, which also set a record for new business starts.

The Massachusetts Cultural Council has awarded 53 grants, totalling in $246,844, to help fund Worcester-based arts and cultural programs through the City’s Worcester Arts Council. 

Central Massachusetts professionals are getting hired and promoted at Workers Credit Union, Spectrum Health Systems, Fidelity Bank, and Fallon Health

Massachusetts policymakers need to fix a "deeply flawed" system that falls short of monitoring and enforcing double-dipping by former public employees who simultaneously collect pensions and paychecks from subsequent work, a state watchdog warned.

The Senate on Thursday passed a "compromise" version of legislation affecting debt collection practices in Massachusetts, and according to its sponsor, the bill has a shot at final passage thanks to industry representatives collaborating on the rewrite.

Years after public transit advocates launched a campaign to roll out a widespread low-income fare at the T, the agency's board of directors stamped its approval on a formal plan that will provide an option to riders who earn less than their peers but do not qualify for one of the more narrowly-tailored existing programs.

Worcester Polytechnic Institute has received $18.6 million in donations in the last two months, the university announced as part of the inauguration ceremony of Grace Wang, who took over as its 17th president in April.

While some private equity deals might be viewed positively –  such as investing to keep rural or community hospitals open –  the researchers cautioned the transactions typically lead to higher patient costs, poorer quality of care and reduced staffing. 

Highlighted by its collaboration with the Worcester Regional Research Bureau on the legacy of redlining in the city, Worcester Business Journal took home eight awards at New England Newspaper & Press Association’s 2023 New England Better Newspaper Competition on Saturday.