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Economic Development

  • Rich dreams, poor dreams: Racial discrimination in mortgage lending is holding communities down

    Updated: May 24, 2021

    This five-month investigation by Worcester Business Journal and Worcester Regional Research Bureau dives into how racial discrimination in mortgage lending and home ownership creates neighborhoods of have's and have-not's in Greater Worcester, where

    Updated: May 24, 2021
  • Worcester developers see new high-profile projects attracting more interest

    Devina Bhalla Updated: May 24, 2021

    As Worcester grows, so does its appeal to investors and developers.

    Devina Bhalla Updated: May 24, 2021
  • New $16M Shrewsbury housing development proposed for former Beal school

    Brad Kane May 21, 2021

    Two developers from Medway and Boston are proposing to build a Beal Commons mixed-use development with up to 65 apartments and 20,000 square feet of commercial space at the site of the former Beal Early Childhood Center in Shrewsbury.

    Brad Kane May 21, 2021
  • Report: Closing racial divides would provide GDP jolt

    State House News Service May 19, 2021

    Gross state product would increase by $25 billion over five years if Massachusetts closed its racial divide in wages, housing, investments, and wealth, according to a new report.

    State House News Service May 19, 2021
  • Is your business improving? Or not? Tell us in WBJ's mid-year economic survey

    May 17, 2021

    Everyone who participates in this mid-year economic survey will be entered into a drawing for one of four $50 gift cards to a local restaurant.

    May 17, 2021
  • Shrewsbury's $53M Edgemere housing development slated for June 2022 opening

    Brad Kane May 14, 2021

    The residential component of the Edgemere Crossing at Flint Pond development, which will be anchored by an 80,000-square-foot Market Basket grocery store, is expected to deliver its first by June 2022.

    Brad Kane May 14, 2021
  • WooSox sell out inaugural game at Polar Park

    Brad Kane May 12, 2021

    In an event in the works since 2018 that likely would have been a sellout regardless of capacity, the Worcester Red Sox first home game Tuesday at their $160-million public stadium in the Canal District sold out.

    Brad Kane May 12, 2021
  • Central Mass. communities split $1.5M in shared streets funding

    Sharon Boateng May 10, 2021

    Gov. Charlie Baker’s administration has awarded the amount of $5.3 million for the Share Winter Streets & Spaces program, according to an announcement by the Massachusetts Department of Transportation.

    Sharon Boateng May 10, 2021
  • 2021 Power 50: Allen W. Fletcher

    Updated: May 10, 2021

    In February 2020, when Allen W. Fletcher opened his Worcester Public Market off of Kelley Square in the Canal District, it marked a high point in his four-year effort to convert a dirt lot into a vibrant mixed-use development with a European-style

    Updated: May 10, 2021
  • 2021 Power 50: Craig L. Blais & Roberta L. Brien

    Updated: May 10, 2021

    More often than not, when you hear about a developer planning a new project in Greater Worcester – particularly on a long-stagnated property – the invisible hand of WBDC worked behind the scenes to get the deal done: prepping properties for

    Updated: May 10, 2021
  • 2021 Power 50: Roy M. Nascimento, CCE, IOM

    Updated: May 10, 2021

    Under Roy Nascimento’s leadership since 2015, the North Central Massachusetts Chamber of Commerce has truly become the leading economic development organization in North Central Mass., performing surveys of the region’s businesses and assessments of

    Updated: May 10, 2021
  • 2021 Power 50: Larry Lucchino

    Updated: May 10, 2021

    At the heart of all decisions made by the Worcester Red Sox – leaving Pawtucket after 50 years, picking the Canal District as its new site, designing the baseball stadium, the formation of its charitable foundation – is Larry Lucchino.

    Updated: May 10, 2021
  • 2021 Power 50: Jessica Strunkin

    Updated: May 10, 2021

    A quarter century after Fort Devens closed as a military base, ambitious plans by MassDevelopment for remaking the site as an economic development hub are being realized.

    Updated: May 10, 2021
  • 2021 Power 50: Timothy P. Murray

    Updated: May 10, 2021

    Much of the rise of the Worcester Regional Chamber of Commerce – and the Greater Worcester economy as a whole – as a force for business advocacy and change in Massachusetts can be traced back to Timothy P. Murray stepping down as lieutenant governor

    Updated: May 10, 2021
  • 2021 Power 50: Bo Menkiti

    Updated: May 10, 2021

    If an old downtown Worcester building is being brought back to its former glory, the chances are good Menkiti and his firm are involved.

    Updated: May 10, 2021
  • 2021 Power 50: The most influential people in the Central Mass. economy

    Brad Kane Updated: May 10, 2021

    Power dynamics in the Central Massachusetts business community made two major shifts in 2021, due to the two major events upending the entire global community.

    Brad Kane Updated: May 10, 2021

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Today's Poll

Which regionally famous fast-food chain would you like to see open a Central Massachusetts location?
Choices
Poll Description

Fast food restaurant chain Raising Cane's Chicken Fingers is looking to open a third Central Massachusetts location, this time on Lincoln Street in Worcester, after the Louisiana-based chain announced it would open its second location in the region in July. Known for its chicken strips, crinkle-cut fries, and Texas toast, Raising Cane's’ newest location is part of a string of fast-casual restaurants opening or significantly expanding in Central Massachusetts over last few years, including Dave’s Hot Chicken, Chick-fil-A, Kelly's Roast Beef, and Jersey Mike's.