Banking & Finance

Small businesses grappled with a greater rate of financing shortfalls last year compared to before the onset of the pandemic, but the lack of funding was more acutely observed among minority-owned businesses and particularly Black-owned businesses, according to the report.

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

Lawmakers did deviate from their plans for the week to meet only on Monday and Thursday, adding a Wednesday session.

Following the retirement of longtime CFO Kathleen McGuire, Dean College has named Thomas Pistorino as the school’s new chief financial officer and treasurer. 

Stephen Marohn has been named president of specialty property and casualty for the Hanover Insurance Group in Worcester. He will lead several groups at the insurance company, including excess and surplus business, specialty industrial business, and specialty general liability.

With no end in sight to the staring contest over what strings to attach to emergency shelter funding, the Legislature now appears on track for the most overdue closeout budget in nearly three decades.

People are on the move at Sundin Marketing, North Brookfield Savings Bank, and Clinton Savings Bank.

Nearly two decades have passed since WBJ created an awards specifically for healthcare professionals. Today, though, such an honor feels more important than ever.

The myth that success is achieved solely through hard work and therefore poor people deserve their station in life because they don’t work hard enough is among the economic narratives sustaining racism throughout the economies of Central Massachusetts and the nation, according to the keynote speaker at WBJ’s Diversity, Equity and Inclusion Forum.

The TJX Cos. saw $1.2 billion in profits for the third quarter of fiscal 2024, as the company added 50 store locations to its portfolio during the same time period.