Economy

Speaking at a WBJ event on Tuesday, Melnik said proposed cuts could have a significant negative impact on the state.

Brasswater, a real estate development firm based in Westmount, Quebec, has entered the American retail real estate market with the purchase of the Stow Shopping Center for $16 million.

Central Massachusetts began 2025 with a dip in business confidence, yet stayed in optimistic territory for January. 

Worcester shoppers know, if you’re in the market for a succulent, incense holder, or even an eel skull, there is a one-stop shop you can’t miss: Seed to Stem.

Worcester Business Journal’s will host its 2025 Central MA Economic Forecast Forum this Tuesday to explore the region’s economic and real estate landscapes by tapping into the minds of key industry leaders.  

Kathleen Gagne, executive director of Mechanics Hall in Worcester, will be packing up her desk come June as the event hall’s leader has plans to retire.

The former president and CEO of California-based GlobalLogic, a subsidiary of Japanese conglomerate Hitachi, Banga replaces former Virtusa leader Santosh Thomas.

Worcester Community Action Council has named Ruth Pellegrino as the social services nonprofit’s new chief financial officer.

Hometown Financial Group, the Easthampton-based mutual multibank holding company of bankHometown in Oxford, has hired Reed Whitman as its new executive vice president, chief financial officer.

Despite all of the uncertainty and changes coming out of Washington and the chronically high cost of living in Massachusetts, Economic Development Secretary Yvonne Hao says her confidence level is "high."