Gardner optical manufacturer Precision Optics reported a low revenue quarter for the first of its fiscal 2024, which ended Sept. 30. Revenue for the quarter was down 15%, which the company attributed to purchaser reaction to a righting of the supply chain.
After a ballot initiative to legalize medical marijuana was approved by Massachusetts voters in the 2012 election, finding a bank that was willing to provide services to a cannabis business was a bit like trying to buy marijuana before it was legal.
The Massachusetts Executive Office of Economic Development awarded $164 million through 338 grants for economic development projects around the state, including 55 in Central Mass.
Garlock Printing and Converting has rebranded itself as Garlock Flexibles and sold its 77 Industrial Rowe location in Gardner for $9.6 million to a Pennsylvania investment firm in a sale-leaseback deal.
Goguen Transportation, a shipping and trucking company based in Gardner, has been fined $116,459 by the Massachusetts Department of Environmental Protection for an oil spill that damaged protected wetlands.
Precision Optics Corp. in Gardner, an optical instrument manufacturer for the medical and aerospace industries, has received a third large production order from an aerospace defense company. The new order totals $680,000, and the products are intended to be produced in fiscal year 2024.
Mount Wachusett Community College in Gardner received a $2,249,709 grant from the U.S. Department of Education’s Title III - Strengthening Institutions Program to help improve academic readiness and workforce preparation for students.