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🔒A tale of two towers: The Mercantile Center and The Glass Tower’s efforts to become go-to downtown destinations

Worcester’s two tallest office buildings have had quite the wild ride over the past 10 years.

🔒Suburban zombies: Falling demand for office space forces building owners to get creative

Overall, the amount of available space in suburban Central Massachusetts office markets is more than 90 football fields.

🔒Viewpoint: Key factors will fuel 2025 economic growth

Central Mass. is well positioned for economic growth in 2025. Macroeconomic factors, namely declining interest rates and a reduction in the growth rate of inflation, suggest the national economy will trend upward in 2025.

🔒Viewpoint: Worcester’s 2025 economic outlook: Brighter road ahead

Worcester, New England’s second largest and fastest-growing major city, continues to benefit from a surge in both public and private investments. This growth is positively impacting residents and businesses across the city’s diverse community.
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🔒From the Editor: If you know real estate, you know the economy

The real estate industry, particularly commercial real estate, is at the heart of all business journal coverage, including at Worcester Business Journal. More than just a collection of simple listings of property transactions and proposed developments, the real estate beat is key to understanding the inner workings of the Central Massachusetts economy.

🔒Q&A: Christmas magic at Vaillancourt Folk Art

Vaillancourt Folk Art is a tourist destination known for its handcrafted Christmas collectibles, but before becoming a well-recognized brand, the company had much humbler beginnings starting off in the Vaillancourt family basement.

🔒Editorial: Worcester needs to move toward a single tax rate

Commercial property owners in Worcester pay a higher tax rate than those in any other Central Massachusetts city or town. The rate of $30.04 per $1,000 of assessed property value is the only one in the region higher than $30. Worcester’s commercial tax rate is even higher than Boston’s $25.27 rate.

🔒Viewpoint: Small businesses need better tax amnesty

Massachusetts is in the midst of a tax amnesty running from Nov. 1 to Dec. 30. Tax amnesties don’t come around often and don’t last long.
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🔒101: Managing your company through a merger or acquisition

Mergers and acquisitions can be a mixed bag of emotions and strategies depending on which side you are on.

🔒What business owners need to know about new federal filing requirements

There are major changes as well as new laws that now affect business owners that they never had in the past.
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