Banking & Finance

The team has declined to give a purchase price on the sale to Diamond Baseball Holdings, but at the request of WBJ, a Holy Cross professor has estimated the team's valuation based on revenues, market size, and the new stadium.

Beacon Hill's growing financial headache got worse Tuesday when the Healey administration reported that tax collections tumbled in November, putting the state's revenue picture about $627 million below the projection for this point in the year.

Diamond Baseball Holdings, a corporation that owns more than 20 minor league baseball teams across the United States, has reached an agreement to purchase the Worcester Red Sox, according to reporting by the Boston Globe

House and Senate Democrats said Thursday they agreed to a deal on a long-overdue spending bill after...

The North Central Massachusetts Development Corp. is creating new funding opportunities for real estate developers.

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.