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TJX executive tops list of highest-paid Central Mass. CEOs for third consecutive year

Ernie Herrman, president and CEO of The TJX Cos. in Framingham, was the highest-paid CEO among Central Massachusetts public companies for fiscal 2023.

Bob’s Stores closing all locations, including Westborough and Fitchburg

Describing the stores as offering “unprecedented discounts,” the company said sales will apply to “workwear, footwear, teamwear and everyday clothing.”

MassHousing provides $8M to Lancaster rental home project

The homes at the project are already listed on rental listing website Apartments.com, where rent prices for non-subsidized houses range from $3,375 to $4,100.

Three in Central Mass. among those splitting $16M for workforce development

Three Central Massachusetts organizations and institutions have been awarded $2 million in state funds to sponsor their workforce development initiatives aimed at closing the skills gap and placing hundreds of unemployed and underemployed residents into culinary, human, and medical service positions.
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Gardner receives $1.2M to enhance downtown accessibility and mobility

The City of Gardner received $1.2 million in federal funding to upgrade accessibility features and parking in its downtown area. 

Niche Hospitality closes one of its The Fix Burger Bar locations

It’s unclear if the new restaurant will be operated by Worcester-based Niche Hospitality Group, which also owns Bocado Tapas Wine Bar and Mezcal Tequila Kitchen.

Movers & Shakers for June 24, 2024

Employees at Glickman Kovago & Jacobs, Fidelity Bank, and Walker Development & Construction Management are on the move.

🔒Not feeling the vibecession: Economists see a somewhat stable Central Mass. headed in the right direction

Cautious optimism. These two words are perhaps the most succinct way to summarize how some of the region’s economists and business figures feel about the state of the Central Massachusetts economy.
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🔒Modest optimism: In WBJ’s annual survey, business leaders largely are feeling good about 2024

Compared to WBJ’s year-end Economic Forecast survey published in December, Central Massachusetts business leaders aren’t quite as optimistic as they were six months ago.

🔒Developing equity: New $50M fund seeks to address housing crisis and lack of diversity

MassHousing and the Massachusetts Housing Investment Corp have teamed up to launch what they say is the largest publicly led financing program of its kind in the country.
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