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Movers & Shakers for June 2, 2025

Employees at Bowditch & Dewey, the Downtown Worcester Business Improvement District, and Quinsigamond Community College are moving forward as professionals.

🔒Powering the past and future: Westborough-based hydropower firm to update its century-old facilities

A key tool to help decarbonize New England’s electricity grid has already been in operation for over a century.

🔒Cooler & warmer: Heat pump demand is reaching new heights as customers seek to use government incentives before they disappear

Despite concerns about impacts of tariffs and cuts to federal incentives, heat pumps are becoming standard equipment in the heating and cooling business.

Cumberland Farms to open nine new locations in Mass. and Rhode Island

Convenience store and gas station chain Cumberland Farms is further broadening its geographical footprint as the Westborough-based company is set to open nine new locations throughout Massachusetts and Rhode Island.
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Westborough manufacturer’s CFO to retire, search for successor underway

Rich Sneider served as the firm’s CFO since 1998.

Boston firm expands Central Mass. presence, buys Franklin apartment complex for $101M

The Westerly at Forge Park, a 280-unit residential complex in Franklin, has been sold for $101 million to DSF Group, a Boston-based real estate investment firm.

Central Mass. nonprofits snag portion of $6.7M for small business training

Nine Central Massachusetts nonprofits have received a total of nearly $1 million in grant funding for their efforts to provide small businesses with technical assistance training and access to financing.
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Take WBJ’s 2025 Midyear Economic Forecast survey

The first five months of 2025 have been a wild ride for the economy. How has your outlook changed for the rest of the year?

Arch Therapeutics files for bankruptcy, as company accepts stalking horse bid

Two months after its CFO abruptly resigned, Arch Therapeutics, a Framingham-based biotechnology company, has filed for Chapter 11 bankruptcy.
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