Manufacturing

The Central Massachusetts Business Confidence Index fell slightly in March, as business owners expressed concern over the rising cost of labor and inflation.

Worcester Polytechnic Institute has received $18.6 million in donations in the last two months, the university announced as part of the inauguration ceremony of Grace Wang, who took over as its 17th president in April.

Acton medical device manufacturer Insulet has hired Ana Maria Chadwick as its new CFO. She will be the highest-ranked female executive at Insulet, which for three years was the only public company in Central Massachusetts with a woman as CEO.

“Matt has been an instrumental part of AffyImmune’s growth in the past two years,” said Simone Song, chairperson of the board of directors for AffyImmune.

The property was sold by Scannell Properties, an Indiana-based real estate firm that purchased the then-undeveloped parcel for $3 million in December 2021 from MassDevelopment.

A clean hydrogen facility under construction in Devens has been awarded a $46.3-million federal grant, weeks after the company behind the project raised $50 million in private financing.

The L.S. Starrett Co., a publicly traded tool manufacturing company founded 144 years ago, plans to merge with a private equity firm and become a privately-held company.

Electric Hydrogen, a company with headquarters in Natick and California specializing in the clean production of hydrogen,...

Central Massachusetts businesses in Worcester, Natick, and Hudson are among those benefiting from a Gov. Maura Healey Administration grant injecting $3.14 million into the state’s manufacturing industry.

The company plans on utilizing these funds to advance construction of a manufacturing facility in Kentucky.