Banking & Finance

The money from the fund can be used for one-time initiatives, projects, and consulting services to aid in the economic development or workforce needs of Central Massachusetts.

House Democrats voted Wednesday to steer another $245 million toward the overwhelmed emergency family shelter system while capping how long people can receive its services, along the way rejecting a Republican proposal to limit program eligibility.

The last time tax collections came in at or above the administration's monthly benchmark was June 2023, nine months ago.

This transaction comes after a February deal which saw Tenet offload four other California hospitals to UCI Health, the clinical enterprise of the University of California, Irvine.

Professionals are being hired and promoted at Central Massachusetts businesses like Geisel Software, Shepherd & Goldstein, Cornerstone Bank, and Consigli Construction.

Following a 17-year career at a national certified public accountant and advisory firm, Richard Fay has been named as senior vice president and CFO for Leominster-based Fidelity Bank.

The governor's plans to let cities and towns raise local taxes on hotel rooms and restaurant meals surprised some this year, after Healey touted a major tax relief law last year as the landmark accomplishment of her first year in office.

"It gives us more flexibility and the ability to access programs that we've looked at and maybe didn't make the commitment of our own resources going in there," Speaker Mariano said about the bill after the caucus. "But we have this money accumulating interest, we might as well use it to access and leverage federal money. So I think it's a good idea."

The primary use of the funds will be used to fund Boston Scientific’s purchase of Axonics, Inc., a $3.7-billion transaction the company announced in January. 

Another Central Massachusetts cannabis company is in hot water over debt, as Grafton-based dispensary Discern'd Cannabis Purveyors has been sued for allegedly failing to make payments on a $100,000 loan.