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North County
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Typically, more housing=more affordability. For Central Mass. in 2021, that isn't the case.
Katherine Hamilton Updated: November 8, 2021In theory, increasing the supply of market-rate housing to meet a growing demand eventually gets more residents housed and drives down the median rent.
Banking industry relieved the federal government scrapped an effort to monitor more financial transactions
Sloane M. Perron Updated: November 8, 2021When President Joe Biden’s administration dropped a planned $600 reporting requirement on bank account transactions, financial institutions across Central Massachusetts and the nation breathed a collective sigh of relief.
Greater Worcester’s unemployment rate decreases to 5.4%, but labor force dwindles
Katherine Hamilton November 3, 2021After 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
Sloane M. Perron November 3, 2021The 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.
Local Roots opens adult-use cannabis dispensary in Marlborough
Monica Benevides November 1, 2021Massachusetts-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
Monica Benevides November 1, 2021Advanced 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
Katherine Hamilton October 29, 2021The 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.
Monica Benevides October 26, 2021Sean Smith, owner of 873 Cafe Tavern in Ashby, has received a $75,000 loan through the North Central Massachusetts Development Corporation.
Retail shifts have changed the way planners & developers are approaching real estate
Katherine Hamilton Updated: October 25, 2021The 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
Sloane M. Perron Updated: October 25, 2021Fueled 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…
Today's Poll
In April 2020 during the onslaught of the COVID-19 pandemic, the United States lost 20.5 million jobs, skyrocketing unemployment to 14.7%, according to the U.S. Bureau of Labor Statistics. During the next few years/years, reflecting a tight labor market, wages increased while the remote workforce more than tripled. Today, with some employers making a renewed push for employees to be back in the office, many current and potential employees still want the flexibility to work from home, along with other benefits.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
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Worcester 300, City of Innovators
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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Get the Daily Report
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
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Subscribe
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
-
Worcester 300, City of Innovators
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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