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Workers Credit Union hires new chief information officer to integrate AI into products
Mica Kanner-Mascolo March 5, 2025Workers Credit Union has named Sandesh Parulekar as the Littleton-based institution’s new chief information officer.
Fitchburg nonprofit to close two shelters, layoff 20 staff
Mica Kanner-Mascolo March 4, 2025Human services provider Making Opportunity Count will lay off 20 employees by April 30 as the Fitchburg-based nonprofit will shutter two of its shelter locations.
ZehnTek acquires Maynard technology company
Mica Kanner-Mascolo March 4, 2025Westborough-based IT solutions provider ZehnTek has acquired fellow cloud strategy firm BossNine Technologies, headquartered in Maynard, whose founder will assume the role of CEO of the conglomerate.
Trump Administration cancels leases for 37% of Central Mass. commercial space used by federal agencies
Eric Casey March 3, 2025“We’ve been DOGE-ed,” said Christopher Egan, president of Carruth Capital in Westborough, which owns one of the impacted properties.
Former director at Sturbridge nonprofit sentenced to two years for $366K embezzlement
Mica Kanner-Mascolo March 3, 2025A former director at Venture Community Services has been sentenced to two years in prison for embezzling approximately $366,477.
Boston Scientific to acquire Israel hypertension tech firm for up to $540M
Mica Kanner-Mascolo March 3, 2025Marlborough medical device manufacturer Boston Scientific has entered into a purchase agreement worth up to half a billion dollars to acquire SoniVie, an Israel-headquartered medical device company with a focus on hypertensive disorders.
Ameresco purchases Ohio-based smart building firm
Eric Casey March 3, 2025ASA Controls was founded in 2003 and has developed a reputation for optimizing functionality and operational efficiency of buildings.
TJX grows worldwide presence to 5,000+ stores; annual revenues surpass $56B
Eric Casey February 26, 2025TJX had a net gain of 131 locations in fiscal 2025, bringing its total number of retail stores to 5,085 across the U.S., Canada, Europe, and Australia.
Burlington opening Milford store as part of 100-store expansion effort
Eric Casey February 24, 2025Burlington, the New Jersey-based discount department store chain formerly known as Burlington Coat Factory, is opening a location in Milford this summer.
Nan’s Kitchen raises $1.2M in crowd-sourced expansion efforts
Eric Casey February 24, 2025Nan’s Kitchen has raised $1.2 million to fuel expansion efforts after a customer-focused fundraising campaign.
Today's Poll
Small consumer-facing businesses are beginning to turn to a relatively new way to raise financing for business expansion: Crowdfunding money from customers in exchange for discounted goods and services.
Stow sandwich shop Nan’s Kitchen raised $1.2 million to open a new storefront from customers, employees, and fellow professionals in exchange for equity. Additionally, Worcester coffee shop Cordella’s is raising funds on crowdfunding platform NuMarket, offering anyone who wants to invest gift cards totalling 120% of their investments.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
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Worcester 300, City of Innovators
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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Get the Daily Report
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
-
Subscribe
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
-
Worcester 300, City of Innovators
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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