Central Mass. South

The coronavirus pandemic and the economic pain it is causing has brought a flood of new deposits to banks in Central Massachusetts and nationally.

While the economy was growing into the longest economic expansion in the nation’s history, most Worcester County neighborhoods missed out – not only failing to capture rising income and attracting new residents but even going backward in many cases.

The modern Massachusetts economy has been growing for 400 years, since settlers first landed in Plymouth in 1620. And for 245 of those 400 years – more than 60% – the Massachusetts economy was tied to the legal institution of slavery.

The two largest corporations Central Massachusetts corporations by market capitalization — Boston Scientific and TJX Cos. — did not do too well on a new review of how well companies match their actions with words to be more inclusive of society and less to shareholders.

Area restaurateurs and longtime friends Son Vo and Tam Le have officially opened Chashu Ramen + Izakaya at 38 Franklin St. in Worcester.

MassDevelopment on Wednesday announced $86,415 in Commonwealth Places grants, aimed at boosting local economic recovery in the face of the coronavirus pandemic.

UMass Memorial Health Care and Harrington Healthcare have finalized their merger agreement, the entities announced Wednesday, sending the proposal to state officials for regulatory approval.

The College of the Holy Cross on Tuesday announced its president, Rev. Philip Boroughs, would step down from his role at the end of the academic year, ending his nine-year run leading the Jesuit liberal arts college in Worcester.

Webster developer Galaxy Life Sciences believes the Massachusetts life sciences industry is so strong, the company will have a new tenant lined up for its new $50-million biomanufacturing facility in a matter of months.

Adjacent commercial buildings in a Webster retail plaza have sold for $2 million to a Charlton buyer.