This weeks news, features, events and economic trends in MetroWest and along the heart of the I-495 corridor

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Metrowest 495

Franklin wireless-tower company borrowing $20M

CTI Towers, a Franklin wireless-tower company, said Thursday it is borrowing $20 million from New York City financial firm CIT Group to help fuel its growth.

Milford drug manufacturing facility expanding

Avecia, a pharmaceutical manufacturer in Milford, says it is building what will become the largest manufacturing site in the world for a specialized drug ingredient called oligonucleotide.

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Staples purchase contested on several fronts

A proposed $6.9-billion acquisition to take Staples private is being contested by several law firms saying Staples' board of directors may have violated their fiduciary duty in approving the deal.

NORESCO boosting Hanscom’s facility for $43M

Westborough-based NORESCO will perform $43 million in facility improvements at Hanscom Air Force Base to save the airport a total of $94 million in energy costs.

Calendar

Monday, Aug. 21

NVCoC Golf Tournament

Presented by: Nashoba Valley Chamber of Commerce

1:00 p.m.-7:00 p.m.

Shaker Hills Country Club, Harvard

Go here for more information

People on the move

Andrew Hammond, a Grafton resident, is now a wealth adviser and director of wealth management at AAFCPAs. 

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