Valentin Gapontsev, the founder and head of Oxford laser manufacturer IPG Photonics, has for the first time made the Forbes 400 list of the country's wealthiest people released Tuesday.
Oxford laser manufacturer IPG Photonics reported a $67-million drop in revenue in the quarter ending in June, continuing financial struggles for the company predating the coronavirus pandemic.
Companies with new hires and promotions include ERA Key Realty Services, bankHometown, Clinton Savings Bank, The Junior League of Worcester, AdCare Hospital in Worcester and more.
Oxford's IPG Photonics reported Tuesday a nearly $66 million, or 21%, drop in first quarter revenue, a figure the laser manufacturer said was at the high end of its expectations during the coronavirus pandemic.
As the second round of Paycheck Protection Program funding is starting to be dispersed, bankHometown has 250 loans totaling about $15 million from customers who missed out on the first round.
Marijuana producer and retailer Curaleaf, which has a location in Oxford, is set to open its third Massachusetts recreational cannabis store in the first half of March, in Ware.
One bill filed last year by Sen. Jason Lewis (D-Winchester), would require any public company headquartered in Mass. to have at least one female board member by the end of 2021.