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The SDO plans to amend its citizen requirement to allow immigrants with a legal status to qualify.
The studio space includes multiple podcast studios, space for editing and production work, and a larger studio for film and photography work.
Worcester-based social equity cannabis dispensary New Dia is suing a California-based entity, claiming the firm has failed to pay an agreed upon purchase price of $2 million for a minority stake in the dispensary.
Julia Becker Collins, COO of Vision Advertising, provides some advice on using emerging AI technology to assist with marketing
The plan complements Massachusetts’ ongoing decarbonization efforts and provides a roadmap for how we can ensure all needed infrastructure is built in an equitable fashion.
Recognizing individual strengths, outlining shared goals, and establishing clear parameters are all elements of a successful team.
In Worcester, a city defined by the flow of immigrants over the centuries, and throughout Central Mass., immigrants start businesses at a higher rate than natural-born residents, according to a 2018 joint report by the Worcester Regional Research Bureau and Worcester Business Journal.
iLottery would provide an annual source of revenue that would grow year over year with a projected $230 million for the state by the end of its fifth year.
For the third year in a row, TJX Cos. Inc. President and CEO Ernie Herrman was the highest-paid CEO in Central Massachusetts. Herrman earned $22.2 million in total compensation for fiscal 2023, nearly 1,496 times more than the corporation’s median employee compensation of $14,857, according to TJX’s filings with the U.S. Securities & Exchange Commission.
Even though very few companies are actually using AI now – a U.S. Census Bureau survey from November found only about 4% of businesses are using the technology – the anticipation is many, many more will use it in the future.
Employees at the Worcester Regional Chamber of Commerce, Shepherd & Goldstein of Worcester, and Nichols College in Dudley are on the up and up.
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.
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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.
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