The latest Central Massachusetts business news
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Thursday, January 4, 2018
 
As the banking industry consolidates, loans will increase
 
With the American economy humming along at a steady rate – with job rates, household spending and consumer confidence all up – financial institutions lent more in 2017 than at any year since before the Great Recession, according to the Federal Reserve.
 
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Worcester consulting firm acquired by NYC company
 
A private New York City consulting firm has acquired Worcester employee benefits consulting firm Touchstone Consulting Group.
 
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AAA predicts significant Mass. gas price decrease
 
The average gas price in Massachusetts is unchanged since last week thanks to high travel volume over the holidays, although auto club AAA Northeast says this is a precursor to a drop.
 
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HPC: Partners, Mass Eye and Ear deal could cost $61M annually
 
The Massachusetts Health Policy Commission said the deal could increase healthcare spending in the state by up to $61 million per year.
 
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Discovery Museum, MathWorks renew 25-year STEM partnership
 
The Discovery Museum in Acton and Natick's MathWorks have renewed their long-running program bringing STEM education to classrooms across the region.
 
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WPI researchers develop 'sperm sorting' device
 
A group of researchers at Worcester Polytechnic Institute and Stanford University have developed a device that selects faster, healthier sperm to be used during in vitro fertilization.
 
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Transportation commission still being formed
 
In September, Lt. Gov. Karyn Polito announced that Gov. Charlie Baker would sign an executive order "in the coming weeks" creating a new commission to review transportation needs and how the state could fund them.
 
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Regional Roundup
 
 
Question of the Week
 
Tuesday we asked: Hudson restaurant Rail Trail Flatbread Co. was profiled by Forbes magazine for its open-book management style, sharing detailed company financial information with employees, so workers understand the restaurant's expenses. This practice is meant to encourage employee buy-in and ensure customers are being treated fairly.
How much financial information does your company share with its employees?
  • We have found that giving our team members accurate, up-to-date information not only helps improve operations, but gives everyone common goals to strive towards. Keeping the whole team in the loop creates accountability and has definitely led to an increase in profitability.
  • We are private, and provide monthly general summaries of revenue and expenses. The balance sheet is super private, however.
  • We are a privately held company. Private. We are not obligated to disclose our financial condition.
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Most Read
 
Worcester in ceremonial mood on $1.3M courthouse sale
 
 
Worcester County second busiest for home sales last month
 
 
Worcester developer buys 'American Hustle' building for $3M
 
 
Home prices in three MetroWest communities hit $600K in November
 
 
Worcester apartment building sells for $9.7M
 
 
Whole Foods to open in Shrewsbury next month
 
 
A tight housing market continues to push prices, downtown visions will be realized
 
 
Yatco Energy brothers buy Worcester gas station for $2.8M
 
 
Framingham State president joins immigration alliance
 
 
 
 

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