The latest Central Massachusetts business news
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Tuesday, December 27, 2016
 
Distributor has room to grow in former Nissen space
 
The owner of an independent baked goods distributor that recently relocated to the former Nissen Baking Co. plant Worcester said he sees potential to expand.
 
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LUK Inc. names new CEO
 
Fitchburg human services nonprofit LUK Inc. has named Beth Barto as its new chief executive officer.
 
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North Central 2nd best area for tech support pay
 
North Central Massachusetts is the second-best metropolitan area in the state for salaries for computer support specialists, according to federal data.
 
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Nearly 12K sq. ft. in boroughs lease deals closed
 
Greater Boston Commercial Properties of Northborough announced three lease deals last week representing nearly 12,000 square feet of office space in Northborough and Westborough.
Bret O’Brien, president of Greater Boston Commercial Properties,...
 
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Nominate a Business Leader of the Year
 
Worcester Business Journal has opened the nomination window for its annual Business Leaders of the Year awards, which includes three new categories this year.
 
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What you need to know in banking and finance for 2017
 
The increase in interest rates is exactly what many in the financial field have been waiting for, and something we have been talking about seemingly for years. Low rates have meant low margins, which have meant struggling times for many lenders.
 
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What you need to know in real estate for 2017
 
Worcester officials and area developers have been working hard to build up development, and now the city is reaping the benefits.
 
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Regional Roundup
 
 
Question of the Week
 
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For the second year in a row, Worcester expanded the dual tax rate gap between what business property owners pay vs. what residential property owners pay, reversing a four-year trend of slowly moving back toward a single-tax rate for the first time since 1984. The average business property tax bill is expected to increase $360 in 2017, compared to $52 for residential.
What will be the main impact of Worcester's split tax policies?
Worcester loses out on businesses that would relocate here if taxes were lower.
Businesses in the city will leave for the lower-tax suburbs.
While the tax rates are bothersome the pull of the city keeps the economy moving in a positive direction.
The city's residents are better served which benefits the community and the economy.

 
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Southbridge Credit Union names interim CEO
 
 
Hanover director resigning from company board
 
 
Sunovion obtains exclusive lung disease treatment license agreement
 
 
Business, community leaders named to Art Museum board
 
 
Plastic Molding Manufacturing looks to reshore though acquisitions
 
 
New 300-seat Worcester venue, artistic space gets $1.1M grant
 
 
Holy Cross, Clark ranked among best value colleges
 
 
UMass Memorial posts $68M surplus for 2016
 
 
Wachusett ski resort offering Uber deal to skiiers
 
 
 
 
 
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