Small Business

Massachusetts Biomedical Initiatives will break ground Wednesday morning on an expanded biomanufacturing center in Worcester after purchasing the property for more than $7.1 million.

Worcester Business Journal will host a special webinar for small businesses, entrepreneurs, and startups on Thursday.

A pub-style restaurant and bar called 107 Tap has been approved to open on Water Street in Worcester, run by Jefferson Mararian, who owned another Water Street bar for 12 years.

Worcester restaurant Livia’s Dish has been sold to new owners, former owner Oriola Koci confirmed Wednesday.

Overall, more than 20,000 PPP loans for a total of $1.8 billion were given out to businesses across Worcester County, with more than 4,800 and $450 million of those loans going to businesses within the city of Worcester, according to data from the SBA.

Finding stable housing has always been a challenge for low-income earners, but the problem has ballooned in places like Worcester where the average rent is growing about 10 percentage points faster than the average income.

Business confidence among Central Massachusetts employers increased in April by 1.8 points from March, according to a Monday press release from the Associated Industries of Massachusetts.

The North Central Massachusetts Chamber of Commerce announced Monday its economic development affiliate, the North Central Massachusetts Development Corp., is launching a new small business loan program. 

Worcester Business Journal began listing the most influential people in the Central Massachusetts economy in 2013, using various iterations of the concept to arrive at the Power 50, which started in 2018.

Templeton restaurant Baldwinville Station received a $67,000 loan from the North Central Massachusetts Development Corp. to purchase the encompassing real estate of the restaurant, the small business financing organization announced Tuesday.