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

Staples loses $615M, to close 70 stores

Framingham office retailer Staples said Thursday it plans to close about 70 stores in North America this year after reporting a net loss of $615 million for 2016. The office supply chain has struggled in recent years.

Solect acquires Northeast division of rival

Solect, a Hopkinton solar energy developer and installer, has bought the Northeast division of industry rival Brightergy, Solect announced Tuesday.

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TJX grows as other retailers struggle or close

In a retail environment consistently squeezed by online sales, TJX has found just where it needs to be. It's an off-price retailer that doesn't need to compete for the latest fashions.

Aspen Aerogels reports $6M quarterly loss

Aspen Aerogels reported it lost $5.7 million in the fourth quarter of 2016, after earning a profit of $1.6 million in the same time period a year before.

North Central, Assabet chambers to offer microloans

A new partnership between the North Central Massachusetts Development Corp. and the Assabet Valley Chamber of Commerce will offer microloans to new businesses in the Assabet Valley.

Dow Marlborough site develops new-era electronics

Dow Electronic Materials, a business of the Dow Chemical Co, manufactures electronic materials 24 hours a day at its Marlborough plant.

Calendar

Thursday, Mar. 09

St. Patrick’s Day Business After Hours

Presented by: Marlborough Regional Chamber of Commerce

5:00 p.m.-8:00 p.m.

Heights at Wheeler Hill, Marlborough

Friday, Mar. 10

Coffee Connections

Presented by: Assabet Valley Chamber of Commerce

7:30 a.m.-9:00 a.m.

6 Bridges Gallery, Maynard

Saturday, Mar. 11

Military Veteran Entrepreneurs

Presented by: TechSandBox V.E.T. Program

8:30 a.m.-11:30 a.m.

TechSandBox , Hopkinton

Go here for more information

People on the move

Discovery Museums of Acton were honored with citations from the Massachusetts House and Senate — as well as with a Commonwealth Award in the Access category — for its work in accommodating all visitors, including those with blindness, deafness or autism.

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