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🔒Typically, more housing=more affordability. For Central Mass. in 2021, that isn’t the case.

In theory, increasing the supply of market-rate housing to meet a growing demand eventually gets more residents housed and drives down the median rent.

Perkins & RFK Children’s Action Corps merger finalized, renamed

After announcing their decision to merge in September 2020, Lancaster-based nonprofits Doctor Franklin Perkins School and RFK Children’s Action Corps finalized their agreement and will move forward under a new name, according to a Thursday press release.

Greater Worcester’s unemployment rate decreases to 5.4%, but labor force dwindles

After a spike during the summer, the percent of the labor force that is unemployed in the Worcester metropolitan area dipped to 5.4% in September, one of the lowest rates since the beginning of the pandemic.

Winchendon sustainable agriculture market receives $68K microloan

The North Central Massachusetts Development Corp., the economic development branch of the North Central Massachusetts Chamber of Commerce in Fitchburg, announced on Tuesday it was providing a microloan to Homestead Market in Winchendon.
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Local Roots opens adult-use cannabis dispensary in Marlborough

Massachusetts-based, vertically integrated cannabis company Local Roots opened an adult-use dispensary in Marlborough last week, with plans for a ribbon cutting and grand opening this Friday and Saturday, the company announced on Wednesday.

Accumet Engineering will use $4.1M loan to build 40K-sq.-ft. Devens facility

Advanced processing manufacturer Accumet Engineering, Inc., currently based in Hudson and Westford, plans to consolidate its operations in a planned 39,375 square-foot facility in Devens, using a $4.14-million tax-exempt bond from MassDevelopment.

Gardner, developer building 56-unit workforce housing, aided by state’s $4M

The City of Gardner received a $4.1-million grant from the state’s MassWorks program to revitalize its Main Street, according to a Monday press release from Mayor Michael Nicholson.

873 Cafe Tavern receives $75K loan from North Central Mass. Development Corp.

Sean Smith, owner of 873 Cafe Tavern in Ashby, has received a $75,000 loan through the North Central Massachusetts Development Corporation.
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🔒Retail shifts have changed the way planners & developers are approaching real estate

The changing face of retail is having a profound impact on Massachusetts’ real estate and development landscape.

🔒Central Mass. population growth over the past decade exceeded expectations

Fueled by communities near I-495 and the Massachusetts Turnpike, the Central Massachusetts region grew 8.1% in population from 2010 to 2020, outpacing both the state (6.0%) and nation (6.5%), according to the U.S. Census Bureau’s Decennial Census of Population and Housing.
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