First-quarter revenue plunged for Worcester-based ThermoEnergy Corp. (TMEN), which makes wastewater-treatment and power-generation systems, the company announced Thursday.
Fitchburg, Worcester and Webster are among cities and towns receiving principal forgiveness grants for water infrastructure loans from the Massachusetts Water Pollution Abatement Trust (MWPAT), which is expected to free up capital for other city infrastructure improvements.
The Massachusetts Department of Environmental Protection (MassDEP) has penalized Modern Manufacturing Inc. of Worcester $16,000 for allegedly failing to follow proper asbestos removal procedures while renovating a residential high-rise building.
A lack of quicker access from the interstate highways in and around the city isn't preventing travelers from using Worcester Regional Airport, according to industry experts and local observers.
Despite owning the first brewery in New England's second largest city, Ben Roesch started small. Wormtown Brewery Co. occupied just 2,000 square feet in a former ice cream parlor on Worcester's Park Avenue when it opened in March 2010. And the brewery was equipped to produce just 1,000 barrels (or 31,000 gallons) of beer annually.
World Energy Solutions Inc. of Worcester reported revenue growth and narrowed losses in the first quarter, which CEO Phil Adams said points to continued recovery for the energy management services firm.
Worcester's economy is expected to grow at about 3.3 percent on an annualized basis through the spring and summer, according to a report by an Assumption College economics professor.