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Central Mass. South

Manufacturing

IPG Photonics planning Marlborough expansion

Oxford laser manufacturer IPG Photonics is planning a Marlborough expansion after buying more than eight acres of mostly vacant land near its Marlborough facility.
Government & Politics

IPG appoints former competitor chief to board of directors

Oxford laser manufacturer IPG photonics has expanded its board of directors to 10 to make room for the former CEO of a competitor.
Agriculture

Marijuana grower appeals Charlton site plan denial

The proposed operator of a 1-million-square-foot cannabis cultivation facility is suing the Charlton Planning Board after it denied the company's site plan earlier this month.
Real Estate

Year ends with Central Mass. home sales down, prices up to $275K

Central Massachusetts ended 2018 with single-family home sales falling for the year and prices rising on a tight inventory.
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Economy

IPG acquires Brazilian company for $20M

Global laser-making giant IPG Photonics has purchased the submarine division of a Brazilian manufacturer for nearly $20 million.
Startups

Oxford’s Russian non-oligarch

Valentin Gapontsev, the founder and CEO of Oxford laser manufacturer IPG Photonics, sued the U.S. Treasury in December over his listing as a Russian oligarch.
Government & Politics

Central Mass. officials pushing federal opportunity zones incentive

For neighborhoods in Central Massachusetts overlooked by developers, there's a potential salvation: a new federal tax incentive program.
Government & Politics

Paying for growth: Tax breaks central to Central Mass. economic development

Communities have often used tax deals to help companies in what officials say is the most important tool they can use in economic development.
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Economy

IPG CEO sues U.S. Treasury over Russian oligarch list

The Russian-American billionaire founder and chief executive of Oxford-based IPG Photonics is suing the U.S. Department of the Treasury for listing him as a Russian oligarch.
Retail

Gymboree liquidation to close four Central Mass. stores

The children's clothing store Gymboree has filed for bankruptcy and will close all of its stores, including four in Central Massachusetts.
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