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Economic Development
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Developer of 29-unit Downtown Gardner project receives $3M in financing
October 6, 2022Mass Ave Rentals LLC, led by developer Gary Lorden, received $2.9 million in financing from MassDevelopment and Fidelity Bank of Leominster, to convert two vacant commercial buildings in downtown Gardner into 29 market-rate apartments.
October 6, 2022
Leominster utility contractor receives $113K from North Central Mass. Development Corp.
October 5, 2022JC Ferreira Construction, Inc., a Leominster contractor specializing in utility and road construction, received a $112,500 loan from the North Central Massachusetts Development Corp. to fund the purchase of new equipment.
October 5, 2022
Texas developer proposes 220 residential units off Worcester's Lincoln St.
September 30, 2022Maple Multi-Family Development LLC, of Dallas, is proposing 220 units of residential housing at 3 Oriol Drive in Worcester, which is near the intersection of Lincoln St. and Plantation St., according to the Worcester Planning Board agenda.
September 30, 2022
Worcester awarded $1.2M grant to study climate change impacts on the city
September 26, 2022The City of Worcester has been granted nearly $1.2 million for research on the city’s drainage system and the impact of climate change on the city.
September 26, 2022
Developer receives $29M in financing for Heywood Hospital expansion
September 23, 2022Rockland Trust has provided $29 million in financing to Waterstone Properties Group of Needham, for the construction of a surgical pavilion expansion at Heywood Hospital in Gardner.
September 23, 2022
Developer halts $55M Worcester project, considers sale of Main St. site
September 21, 2022Construction of SilverBrick SkyHouse, a proposed $55-million, 312-unit renovation of 340 Main St. in Worcester, is on hold.
September 21, 2022
All active construction projects receiving City of Worcester tax breaks are falling short of diversity hiring goals
September 20, 2022The four active Worcester construction projects benefiting from the City of Worcester’s tax break program are falling short of their goals in hiring city residents, people of color, and women.
September 20, 2022
Notre Dame Healthcare names new executive director
September 20, 2022Notre Dame Healthcare has named Jessica Brigham as its new executive director of Notre Dame du Lac Assisted Living.
September 20, 2022
Greater Worcester unemployment rate climbs to 3.8%
September 20, 2022The Worcester Metropolitan Statistical Area seasonally unadjusted unemployment rate climbed to 3.8% in August, from 3.7% in July.
September 20, 2022
Watertown firm buys planned Worcester residential development property for $6.4M
September 19, 2022SMC Management Corp. of Watertown has purchased the site of a proposed 210-unit development in Worcester
September 19, 2022
Fitchburg development and planning executive director leaving post
September 19, 2022Tom Skwierawski, the City of Fitchburg’s executive director of community development and planning, is moving on to a new job in Revere.
September 19, 2022
Lawmakers closer to revisiting economic development bill
September 16, 2022Lawmakers moved closer to reviving a stalled economic development bill they shelved two and a half months ago now that Auditor Suzanne Bump on Thursday certified that Massachusetts must return nearly $3 billion to taxpayers.
September 16, 2022
Convention biz rebounds, flowing extremely well
September 16, 2022After two years when its gathering halls were nearly empty of traditional big events, save for COVID vaccination clinics, Massachusetts Convention Center Authority officials on Thursday declared that they just completed their most successful
September 16, 2022
Tech firm moves global headquarters to Worcester from Boston
September 15, 2022Technology firm Xceedance has opened its new global headquarters at 1 Mercantile St. in Worcester, the former Unum building.
September 15, 2022
Restaurant group buys Canal District site next to Bocado for $535K
September 14, 2022The president of the restaurant group behind The Fix Burger Bar has purchased the location next to its Bocado Tapas Wine Bar in Worcester.
September 14, 2022
MassDevelopment names interim leader in Devens following departure
September 14, 2022Jessica Strunkin, executive vice president at MassDevelopment and the leader of its Devens mixed-use community, has left her position, leaving the state agency to find a new de facto town manager.
September 14, 2022
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