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Cambrooke Foods Announces Name Change

Ayer-based Cambrooke Foods, which provides medically appropriate foods to people with metabolic disorders, announced Wednesday it has formally changed its name to Cambrooke Therapeutics.

Robust Rebirth: Devens Proven To Be Economic Dream Come To Life

Leave it to Devens to become the destination of the much-anticipated film studios that economic development leaders had hoped would come when Massachusetts implemented tax credits designed to lure the film industry. Developers floated plans for other locations, perhaps most notably a $500-million filming facility proposed for Plymouth, known as Plymouth Rock Studios. Unable to come up with the financial backing to move ahead with construction, that plan failed, while others never got off the ground.

Area Unemployment Steady in October

Unemployment in Central Massachusetts held fairly steady over the past month but is markedly higher than this point last year.

Groton School Receives $75M MassDevelopment Bond

MassDevelopment, the state’s finance and development agency, has issued a $75-million tax-exempt bond for the renovation of...
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Arrhythmia Revenue Dips; Quarterly Loss Plunges

Arrhythmia Research Technology of Fitchburg saw a 4.7 percent drop in revenue for the third quarter, but substantially cut its losses as the medical device manufacturer touted several victories from July through September, the company said today.

Milford Voters Deliver Emphatic ‘No’ On Casino

Voters in Milford yesterday said “no dice.” No blackjack or slots either. In fact, there was nothing ambiguous about the denial they delivered yesterday to the developers of the proposed resort casino near the junction of Interstate 495 and Route 16.

Revenue Up, Losses Down For Precision Optics

Precision Optics of Gardner increased fiscal first-quarter revenue 61 percent while cutting its quarterly loss, the maker of optical systems announced Monday.

235K Square Feet Leased In Devens

Jones Lang LaSalle said it has helped secure leases for 235,000 square feet of space in the Devens Industrial Park over the past month.
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The Hollywood Of The East In Devens?

Massachusetts has come to be known as the Hollywood of the East, but it's been lacking one crucial element: a professional film studio where crews can shoot indoor scenes with all the necessary equipment on hand. That changed this fall when New England Studios finally launched in Devens. A project six years in the making, New England Studios may be the key to acheiving what Massachusetts economic development leaders hoped for when they designed film tax credits to lure the industry here: a new destination for the film industry.

AMSC Increases Borrowing Capacity

American Superconductor Corp. (AMSC), a Devens-based wind and power grid company, announced it has increased its borrowing capacity through an amendment to its existing loan and a stock sales agreement.
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