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Central Mass. South

🔒Movers & Shakers for June 21, 2021

Peoplare on the move at Mutual One Bank, North Brookfield Savings Bank, GFA Federal Credit Union and more.

North Brookfield Savings names new chief commercial lending officer

North Brookfield Savings Bank has named Mark Drew, most recently of Stoneham Bank, as its new senior vice president and chief commercial lending officer, within the bank’s commercial lending department, the company announced Thursday.

Two downtown Webster businesses granted $40K

Two new Main Street businesses -- one recently opened and one forthcoming -- were each granted a $10,000 grant from the Town of Webster, as well as a $10,000 refundable tax credit from the state, the Massachusetts Economic Assistance Coordinating Council announced on Monday.

IPG has replaced Valentin Gapontsev as CEO

The founder and longtime leader of Oxford laser manufacturer IPG Photonics, Valentin Gapontsev, has stepped into an executive chairman role, as the company named its chief operating officer as his replacement as CEO.
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🔒Movers & Shakers for June 7, 2021

People are on the move at Community Healthlink, Northern Bank & Trust, Cornerstone Bank and more.

🔒Building squeeze: Lumber & steel shortages are causing construction costs to spike

According to an April report from the National Association of Homebuilders, which indicated lumber prices have tripled during the pandemic, that increase over the last year has added nearly $36,000 to the cost of a new single-family home.

B.T.’s Smokehouse straining under rising meat prices

Brian Treitman is worried the rising cost of meat – made worse by an industry ransomware attack this week – is going to put a sustained strain on his two popular BBQ restaurants: B.T.’s Smokehouse in Sturbridge and B.T.’s Fried Chicken and BBQ in Worcester.

Amazon planning $300M distribution center in Charlton

Amazon is moving forward with a plan for a prospective distribution center and warehouse in Charlton, which the company estimates will include a $300-million investment and produce at least 1,000 new jobs.
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Study: More women leading at Mass. companies, nonprofits, legislature

Nichols College in Dudley has scored Massachusetts 45/100 on the latest iteration of the school’s biennial Massachusetts Women’s Leadership Index, which is overseen by the college’s Institute for Women’s Leadership.

Sturbridge dispensary opens, plans second Cape location for fall

Cannabis company Heal, Inc. opened its first dispensary on Friday, officially setting up shop at 660 Main St. in Sturbridge.
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