Please do not leave this page until complete. This can take a few moments.
More than a third of WBJ readers believe the Central Massachusetts economy will decline in 2023.
Certain high-profile subsectors of the manufacturing industry, like marijuana and beer, will slow and search for new revenues.
Central Mass. colleges and universities are setting the table for more changes in 2023, after 2022 was already a year in transition.
Continued DEI efforts by committed companies will yield high-profile hires and partnerships in 2023
The COVID pandemic exacerbated the long-held problems in health care. Things won’t get better in 2023.
The energy industry is moving quickly toward development of environmentally friendly technologies
Residential development will continue its upward trajectory in 2023, as prices will remain high.
Life sciences has been the hot industry in Central Massachusetts over the last few years, as the region looks to leverage its proximity to the global Cambridge-Boston innovation hub and cement biomanufacturing and biotech as cornerstone industries of the area economy. Major prospective development projects are underway in Worcester, Devens, and Marlborough, as many Central Massachusetts communities hope to capture an industry expansion. Yet, after significant growth in the early 2020s, the life sciences industry has been in a down cycle over the last couple of years, with Greater Boston companies laying off workers and an overbuilt lab market further slowing any new developments. Data released by the Cambridge-based Massachusetts Biotechnology Council in late August shows Worcester County was the sole Massachusetts region to gain biomanufacturing jobs between 2022 and 2023. Worcester County added 279 new jobs, accounting for a 11.8% jump in growth. In contrast, Norfolk, Essex, Middlesex, and Suffolk counties saw a combined loss of 556 jobs. These industry jobs numbers come as leaders await the outcome of the Massachusetts House-passed $1-billion life sciences reauthorization initiative as it stalls in the Senate.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy