Vince Harris, who founded Marlborough-based Metamagnetics Inc. in 2008, was named CEO of the company, adding to his role as chairman of the board of directors. Lee Burns was promoted to president and chief operating officer.
Space and cost issues have begun to creep into Cambridge and Boston, forcing companies, especially startups, to look outside of the Route 128 belt and increasingly more towards Central Massachusetts.
Sudbury-based commercial scale solar developer Gridwealth will build 16 new commercial-scale rooftop projects in Massachusetts and Rhode Island, after closing $30 million in financing from Fidelity Bank in Leominster.
F&M Tool & Die Inc. of Leominster will move into a new 23,390-square-foot manufacturing facility in Lancaster after agreeing to a lease for a building at 851 Sterling Road.
The owners of New England Wire Products in Leominster have purchased two neighboring industrial buildings at 101 and 107 Scott Drive from Spectro Coating Corp., a flock manufacturer that stopped production in February.