The latest Central Massachusetts business news
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Tuesday, June 19, 2018
WuXi Biologics agreement includes up to $21M in city, state help
WuXi Biologics, the Chinese company slated to be the first tenant to occupy the Biomanufacturing Park in Worcester, could receive up to $20.8 million in city and state incentives, grants and loans for its proposed $60-million life science facility.
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Acacia Communications stock down after Senate upholds ZTE ban
Shares of Maynard-based Acacia Communications were down nearly 5 percent early Tuesday in the wake of the U.S. Senate's vote to reinstate sanctions on Chinese telecommunications giant ZTE.
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WBDC seeks demolition of old State Hospital building
The Worcester Business Development Corp. is seeking to demolish a long-vacant part of the former Worcester State Hospital now that a Chinese biomanufacturer has signed an agreement to locate there.
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Care.com co-founder joins WPI entrepreneurial push
Donna Levin, the co-founder of online babysitting and nannying service Care.com, has been named to the newly created position of executive director of innovation and entrepreneurship at Worcester Polytechnic Institute.
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MathWorks opening second Natick campus
Natick software company MathWorks is opening a second campus in town this week on a former Boston Scientific site off Route 9.
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BJ's IPO could value company over $2B
Westborough bulk retailer BJ's Wholesale Club said it is anticipating selling 37.5 million shares for between $15 and $17 in its initial public offering, a price valuing the company at over $2 billion.
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Worcester-area unemployment at 3.6%
The Worcester-area unemployment rate remained at 3.6 percent in May, according to the state Executive Office of Labor and Workforce Development.
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T.J. Maxx partners with Will & Grace actress
T.J. Maxx -- the retail store owned by Framingham-based TJX Cos. -- is again enlisting the help of powerful females to push The Maxx You Project, which seeks to encourage women to embrace their individuality via digital and real life communities.
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Regional Roundup
Question of the Week
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The City of Worcester is seeking artists to provide cultural placemaking for an $11-million redevelopment of Main Street. The project, dubbed Main Street Reimagined, will incorporate public art features into the construction, which already includes bigger sidewalks and bike lanes.
Do you think Worcester's public art helps the city's economy?
Yes. The art actively attracts visitors and new residents.
Yes. But while the art provides the city with much needed visual appeal it has little direct economic impact.
No. The art is just window dressing.
No. I don't like the art and think it disincentivizes people from coming to the city.

Most Read
Worcester Club elects first woman president
AG Healey sues Purdue Pharma
FAA grants $1M to Worcester airport
Chinese company to build $60M biomanufacturing facility in Worcester
Fitchburg wastewater business owner sentenced to probation, $20K fine
Southborough developer eyes Marlborough Airport senior housing
Craft beer is shifting to focus on intimate community connections
Harvard Pilgrim CEO resigns suddenly
Old mill presents opportunity & obstacle to the new Hopedale

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