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Movers & Shakers for June 12, 2023

People are on the move at UMass Memorial Medical Group, Fidelity Bank, and Clark University.

🔒Real Estate Insider: As the State seeks to increase housing construction, some towns pump the brakes

Multifamily residential developers have been proposing thousands of apartments throughout Central Massachusetts, but communities are resisting the push for more housing to protect their resources and what residents and officials see as their town’s character.

Leominster bakery receives $1.25M MassDevelopment loan to update new location

Bisousweet Confections will renovate and purchase equipment for its new 20,000-square-foot facility in Leominster with a $1.25 million loan from MassDevelopment.

Report: 15 Central Mass. communities among many Mass. towns flouting CPA’s housing requirements

While Beacon Hill searches for solutions to the serious housing shortage that fuels affordability concerns in Massachusetts, a real estate industry organization wants to see the Community Preservation Act program retrofitted to put a greater emphasis on housing production.
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Heywood Healthcare replaces CEO with two executives

Heywood Healthcare in Gardner is replacing the CEO who has led the hospital system for 12 years, citing the changing healthcare landscape and the need to continue meeting its community's goals.

Shrewsbury Street real estate agency expands to Leominster with acquisition

RE/MAX Diverse, based on Shrewsbury Street in Worcester, acquired RE/MAX Patriot Realty and will take over its 55 Mead St. office in Leominster.

New Worcester angel investment group seeks to fund startups

A Worcester-based group of angel investors has banded together to form Wire Group, which invests up to $150,000 a year in high-growth startups and has already made three commitments to Massachusetts companies.

Devens fusion company awarded slice of $46M DOE milestone program

Commonwealth Fusion Systems is one of eight companies nationwide to receive funding as part of an effort to produce a pilot-scale demonstration of fusion energy generation within a decade.
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Central Mass. life science companies receive $3.7M in state tax breaks

Five life science companies with significant operations in Central Mass. were among the 43 firms across Massachusetts chosen to split $24.4 million in tax incentive awards.

On first anniversary, Clinton Area Chamber names first board of directors

The Clinton Area Chamber of Commerce, an affiliate of the Worcester Regional Chamber of Commerce, named 12 local business leaders to its first board of directors.
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