Banking & Finance

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.

The most recently completed audits of House of Representatives accounts and joint House-Senate accounts were filed earlier this month, revealing some very basic financial information and little else.

Out of 158 health care provider transactions, including mergers and acquisitions, between 2013 and 2022, 45 percent involved private equity firms.

Central Massachusetts professionals are getting hired and promoted at companies including National Grid, UMass Memorial Medical Group, AAFCPAs, and Ascentria Care Alliance.

“I’ve never been as worried about health care as I am right now."

Enrollment has hit a 10-year low at all five of the state universities and community colleges in Central Massachusetts, with a considerable drop between fiscal 2020 and fiscal 2023.