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Economic Development
Suburban zombies: Falling demand for office space forces building owners to get creative
Updated: 7 hours agoOverall, the amount of available space in prominent suburban Central Massachusetts office markets is 5.19 million square feet, more than 90 football fields.
Updated: 7 hours ago
Weathering the perfect storm: Worcester’s slate of multifamily developments was hit hard in the last year, but a handful of projects were able to break through
Updated: 7 hours agoSome of Worcester’s proposed housing projects falling by the wayside isn’t helping the region’s housing crisis.
Updated: 7 hours ago
WBJ's 10 bold predictions for 2025
Updated: 7 hours agoEvery December for this Economic Forecast special edition, the journalists in the WBJ newsroom forecast 10 possible news events for the coming year, based on their expertise and the trends in the Central Massachusetts business community.
Updated: 7 hours ago
UPS wins approvals for 845K-sq.-ft. warehouse on Grafton/Shrewsbury border
December 16, 2024Six years after purchasing more than 200 acres of property bisected by the municipal border of Grafton and Shrewsbury, a developer has won approvals to construct a 845,000-square-foot distribution center for delivery company UPS.
December 16, 2024
Watertown-based developer taking over remaining Table Talk Pie site, planning 185-unit building
December 13, 2024The new apartment building, dubbed The Residences at Table Talk Square, will be constructed on Green Street at what was the planned site for the third phase of the Table Talk Pie redevelopment.
December 13, 2024-
WuXi construction resumes at delayed $300M facility as BIOSECURE Act stalls
December 12, 2024A pause in construction of the $300-million WuXi Biologics manufacturing facility at The Reactory biotech park in Worcester appears to be over.
December 12, 2024
Developer plans 44 apartments, restaurant at historic Downtown Worcester building, seeks $200K tax break
December 9, 2024The project is expected to cost $16 million, funded through a combination of equity, debt financing, and historic tax credits.
December 9, 2024
Worcester’s city solicitor, former chief development officer to retire in January
December 9, 2024After nearly 40 years serving the City of Worcester, Michael Traynor, former chief development officer and current city solicitor, will retire on Jan. 10.
December 9, 2024
Former state revenue commissioner named new MassDevelopment CEO
November 25, 2024Bal plans to begin her new job on Dec. 9, her assignment coming as the state implements a nearly $4 billion economic development law.
November 25, 2024
Movers & Shakers for Nov. 25, 2024
Updated: November 25, 2024Employees at Assumption University, Fidelity Bank, and Mirick O'Connell are advancing in their careers.
Updated: November 25, 2024
German biotech firm opens $90M+ facility in Marlborough
November 22, 2024After three years of work and nearly $100 million in investments, Sartorius opened its Center for BioProcess Innovation in Marlborough on Thursday.
November 22, 2024
Worcester Redevelopment Authority criticizes Polar Park developer over delays, as firm’s president declines to participate in hearing
November 21, 2024Madison Properties President Denis Dowdle was in attendance but declined to speak during the Thursday hearing
November 21, 2024
Gov. Healey signs long-awaited $4B life sciences, climatech bill into law
November 21, 2024Gov. Maura Healey spent months clamoring for lawmakers to finish work on a sweeping jobs package she filed in March, and she wound up needing only about 60 percent of the time allotted for her review before making it law.
November 21, 2024
Worcester City Council blast Polar Park development partner amid calls for eminent domain to seize stadium-adjacent property
Updated: November 20, 2024Councilor Candy Mero-Carlson said the City’s redevelopment authority should consider taking the Left Field parcel by eminent domain.
Updated: November 20, 2024
For first time, Worcester needs general fund to make Polar Park payments, as key development deal is terminated
November 18, 2024Ballpark district is short $792,000. Meanwhile, the tax deal for Left Field Building, once slated for a bioscience development, has been terminated by the developer.
November 18, 2024
Shrewsbury company partnering with USAID to establish coffee-focused academy for women and youth in African nation of Burundi
November 12, 2024The project is seeking to create 600 new jobs and increase exports to the United States by $400,000 by the end of 2026.
November 12, 2024
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