The latest Central Massachusetts business news
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Friday, July 27, 2018
The development of affordable housing in the region has spiked
Across Central Massachusetts, the rate of new subsidized housing units has sped up as the housing market has remained tight, outpacing the state average.
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Worcester County still has most recreational pot applications
There are now 22 adult-use cannabis business applications in Worcester County, and the Cannabis Control Commission is slowly but surely approving new Central Massachusetts companies' entrances into the industry.
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Harvard Bioscience eyes growth after 66% Q2 revenue bump
Holliston medical device maker Harvard Bioscience is hoping to get out of the red as its second quarter revenues of $31.5 million reached an all-time high.
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Fitchburg State adds technology, library deans
Fitchburg State University has added two new deans and an athletic director this summer.
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Proposal would divide vacant Framingham Bob's Stores
A vacant former Bob's Stores at Shoppers World in Framingham would be divided in two under a proposal to the city.
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Salon franchise to open in Westborough
A beauty salon will open this fall in Westborough that lets individual salon professionals lease out suites in the 4,500-square-foot space.
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Galvin: Make benefit districts subject to public records law
Before lawmakers legalize community benefit districts that would have the power to demand fees from property owners to pay for local improvements, they should ensure those entities are subject to the public records law, Secretary of State William Galvin wrote to a top House official on Wednesday.
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Regional Roundup
Week in review
IPG Photonics' $215M expansion plans reduced 68%
The planned expansion of IPG Photonics' Oxford headquarters was reduced before voters approved a 15-year tax agreement at a town meeting Wednesday. The laser manufacturer initially planned to invest $215 million to add nearly 1 million square feet, including 500,000-square-foot manufacturing and office building, but that part of the expansion will be reduced to just 170,000 square feet due to the acquisition of a nearby facility.

Alternatives, The Bridge of Central Mass. announce $82M merger
Human services organizations Alternatives Unlimited of Whitinsville and The Bridge of Central Massachusetts in Worcester have announced an affiliation creating a combined workforce of more than 1,200 and more than $82 million in funds.
Ofo bikeshare leaving Worcester
Ofo, the Chinese company that brought a swarm of yellow rentable bikes to Worcester last year, is folding its operations in Massachusetts amid a much broader retrenchment.The departure from Worcester and other Massachusetts cities Lynn and Quincy comes as the company is making much broader cuts across the United States and beyond.
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Ofo bikeshare leaving Worcester
Former Fitchburg school sold for residential project
Red Sox writer: Worcester has momentum to land PawSox
Local mental health organizations struggle with spiking suicide rates
Central Mass. care centers staff at above-average levels
Tree House Brewing's expansion gets town approval
Worcester's Hangover Pub to reopen Friday
Boston Scientific announces 7th acquisition of 2018 for $270M
Woburn biotech to spend $20M to occupy vacant Framingham building

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Worcester Business Journal
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Worcester MA, 01604