Banking & Finance

The North Central Massachusetts Chamber of Commerce will provide the Winchendon Community Action Committee with a $216,000 loan to create a new facility known as the Winchendon Works Community Hub.

Halfway through fiscal year 2024, the state has now brought in $769 million or 4.1 percent less than the projections used to craft an annual budget featuring steep spending increases.

MassHousing will provide approximately $21 million in financing to support the development of The Pointe at Hill Farms, a new 93-unit apartment complex in Shrewsbury

While the Legislature voted in October to restore millions of dollars that Gov. Maura Healey vetoed, leaders of four organizations say the funds have yet to start flowing or be committed through contracts with the state.

Construction costs have escalated so quickly over the last two fiscal years that the purchasing power of the state's capital investment plan has been "significantly eroded," a panel of state finance experts said this month.

A leading credit evaluation agency shared some of its view of Massachusetts's financial picture this week as it blessed early 2024 bond sales with its second-highest rating.

More than six months after auditors discovered the Baker administration mistakenly used federal funds to pay jobless benefits during the COVID-19 emergency instead of the state's Unemployment Insurance Trust Fund, there's still no clarity on whether Massachusetts will need to repay that money or how.

December is a "significant month" for state tax collections, but receipts through the month's halfway point trailed last December's pace by more than 8 percent.

Process Cooling Systems Inc., a Leominster-based provider of manufacturing-related water systems, is the latest Massachusetts company to give their employees a stake in the business that they work for. 

Looking into 2024, it appears more Central Massachusetts business leaders are feeling positive about the economy than they have in the recent past.