Westborough

The President Donald Trump Administration cut $110.2 million in U.S. Department of Energy funding to Westborough-based Ascend Elements' plans for an electric vehicle battery recycling facility in Kentucky. Still, Ascend announced in October that it plans to move forward with the project despite the federal cuts.

The funding cuts are the latest obstacle related to the Kentucky project Ascend will need to overcome.

Westborough-based defense optics manufacturing firm Kopin Corp. has entered into a securities purchase agreement for private investment in company shares expected to raise $41 million.

The announcement by Applegreen arrived the night before the Senate Post Audit and Oversight Committee was scheduled to hold a hearing on the procurement controversy. But that hearing was called off Tuesday due to "MassDOT and Applegreen’s refusal to participate in this week’s hearing," chair Sen. Mark Montigny's office said.

Ascend Elements has signed a memorandum of understanding with a firm based in China to explore potential collaboration in Europe.

Hoping to boost housing production in the state, the Gov. Maura Healey Administration has auctioned off four Central Massachusetts state-owned properties to private developers to convert the sites into housing.

Ocean State Job Lot’s Westborough location is about to become one the big box’s largest stores.

Big Y is seeking to offer 4,000 local products sourced from partnerships with more than 500 local businesses.

Westborough-based optics firm has named Erich Manz, a former executive at New Hampshire-based Allegro MicroSystems, as its replacement for its retiring CFO.

Equipment maintained and repaired at the site includes M1 Abrams tanks and Stryker armored fighting vehicles.