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Greater Worcester

Unemployment rises in Central Mass.

Unemployment in Central Massachusetts jumped significantly in January but is down from January of last year, the Patrick administration said today.

Restaurant chain expanding to Shrewsbury

A national restaurant chain specializing in noodles from around the globe, as well as sandwiches, salads and soups, is expanding into Massachusetts and New Hampshire, beginning at White City Shopping Center in Shrewsbury, the chain, Noodles & Co., announced.

WBDC loans $1.8M to new businesses

The Worcester Business Development Corp. said two companies establishing operations in Central Massachusetts have taken out nearly $1.8 million in loans from the agency.

Moody’s downgrades UMass Memorial again

For the second time in less than three months, UMass Memorial Health Care has received a credit downgrade by Moody's Investors Service. Moody's cited ongoing challenges in UMass's core operations, including declining admission volumes and “constrained” revenue growth, as reasons for the downgrade.
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QCC to receive $500k for STEM activities

Quinsigamond Community College (QCC) will receive a $500,000 grant for their engineering, science and technology center, the school announced.

WPI to receive $2.1M to improve army vehicles

Worcester Polytechnic Institute (WPI) will receive $2.1 million over the next two years to develop more effective and durable army vehicles and systems.

CMass groups awarded $330K in tax credits

Three community development organizations in Central Massachusetts received a combined $330,000 to increase economic opportunities for low- and middle-income households, the Patrick administration announced today.

Higgins Museum officially up for sale

The Higgins Armory Museum was officially placed on the market Monday, more than two months after the historic knightly armor museum in Worcester closed its doors.
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Commerce Bank shares in home rehab grant

Commerce Bank said it and Habitat for Humanity—MetroWest/Greater Worcester have been awarded a $50,000 grant by the Federal Home Loan Bank of Boston that will help fund the rehabilitation of a single-family home in Auburn.

Net income falls at Fallon

Although it finished 2013 with an operating loss, Fallon Health reported net income of $13.2 million last year, thanks to nearly $16 million in investments and other income, the Worcester-based health care services organization said.
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