Mass Business Blog

News and Perspectives on Massachusetts Business and Economy

Worcester Chamber Names Skyscope Creative Entrepreneur of the Year

In an announcement heralding the “overnight success” of a rapidly growing central Massachusetts-based company, The Worcester Regional Chamber of Commerce recently named Skyscope Creative as its choice for Entrepreneur of the Year. Alex Dunn, Skyscope’s Chief Operating Officer and one of its three founding...

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EMC Expands the Cloud with Purchase of Virtustream

Hopkinton-based data storage leader EMC Corp. has announced plans to acquire Virtustream, a privately held Maryland firm that specializes in migrating business software to the cloud. In announcing the deal, EMC said Virtustream would form the basis of EMC’s new managed cloud services business. EMC has been shifting its strategy to increase its...

Municipalities Want to Open the Tap on Liquor Licenses

New restaurants constitute a significant economic development opportunity on the local level. Large-scale retail and commercial retail development plans often include restaurant spaces as part of the overall project. In Massachusetts, municipalities have liquor license caps set by the Legislature. Because of this, an increasing number of...

A New Era of Manufacturing for Central Mass

Central Massachusetts is no stranger to the manufacturing industry. The region has a long, proud history in the field. Though the products being produced may have changed, Central Massachusetts remains at the forefront of a new era of advanced manufacturing. At this time, nearly 56 percent of all manufacturing positions in Massachusetts are...

Worcester Chamber Names Skyscope Creative Entrepreneur of th...

In an announcement heralding the “overnight success” of a rapidly growing central Massachusetts-based company, The Worcester Regional Chamber of Commerce recently named Skyscope Creative as its choice for Entrepreneur of the Year. Alex Dunn, Skyscope’s Chief Operating Officer and one of its three founding partners, expressed his appreciation for...

Stop & Shop and Hannaford – The Makings of an Arr...

The parent companies of regional grocery giants Stop & Shop and Hannaford have been looking into combining their operations under one umbrella for quite some time, but they may have a small roadblock in that plan – the Commonwealth of Massachusetts. The shareholders of Royal Ahold and the Delhaize Group were quite enthusiastic about...

Top CEO Salaries in Massachusetts

A current hot topic in the media is the growing gap between CEO and average workers’ salaries. In Massachusetts, the average CEO made 97 times the average worker’s salary. This data comes from “Executive Paywatch: High Paid CEOs and the Low Wage Economy,” published by the American Federation of Labor and Congress of Industrial Organizations...

New England States Explore Energy Alternatives

Energy is expensive everywhere. However, while it may not be widely known elsewhere around the country, it is certainly no secret to those of us living here in Massachusetts that the commonwealth ranks as one of the most expensive when it comes to energy costs. With this in mind, state legislators and energy companies are making a concentrated...

Report: Massachusetts One of Top ‘Middle Market’...

The Middle Market Power Index from American Express and Dun & Bradstreet reports that Massachusetts has 3,963 middle market companies with annual revenues between $10 million and $1 billion. This translates to just a bit over one-percent of all businesses in the Commonwealth. According to the report, this ranks fourth in the country in terms...

Some MA Business Owners Urging Delay of Sick Time Law

In November of 2014, by a margin of 19 percent, voters in Massachusetts clearly expressed their wishes that a statewide provision be implemented requiring all employers to offer sick time. Every employer in the state will soon be required to offer either paid or unpaid sick time, depending on their number of employees. In each case, employees...

Worcester Chamber Lists Annual Business Award Winners

The Worcester Regional Chamber of Commerce announced their list of local business award winners, all of whom will be honored at a special ceremony commencing at 4:00 p.m. on May 14, 2015, at The Haven Country Club in Boylston. The Richard B. Kennedy Business of the Year award goes to Imperial Distributors, located in Worcester and Auburn, a...

Massachusetts’ Unemployment Rate Lowest In 7 Years

The Executive Office of Labor and Workforce Development (EOLWD) announced Thursday that Massachusetts unemployment fell from 4.9% in February to 4.8% in March. This is the lowest unemployment figure since February of 2008. The “Great Recession” drove Massachusetts’ unemployment to a high of 5.9% in March 2014. The labor force...

Raytheon buys 80% of Websense for $1.9 billion

In an effort to improve its cyber-protection technology, Waltham-based Raytheon has reached agreement with private-equity firm Vista Equity Partners LLC  to acquire an 80 percent share of Websense Inc. for $1.9 billion. Vista acquired Websense two years ago for about $990 million. Raytheon plans to integrate Websense into its existing  Raytheon...

Advanced Manufacturing Report Urges a Change in Public Perce...

The New England Council released a report on Wednesday that urged for increased training for advanced manufacturing workers throughout New England. At the same time, they recommended changing the public’s view of these industries by focusing on its safety. The report, titled “Advanced to Advantageous,” identifies influential...

Baker Being Urged to Replace MBTA Board

Based on findings recently  issued  by a panel he appointed in February to investigate blizzard-related system shutdowns, Governor Charlie Baker is now being urged to find new leadership for the beleaguered MBTA. including asking for the resignations of the entire MassDOT Board of Directors. In a press conference, Baker stated there was a need to...

Spaulding Closing Salem Location

Administrators at Spaulding Hospital have announced that it will shut down The Spaulding Hospital for Continuing Medical Care North Shore’s inpatient operations by the end of September 2015, with the hospital saying that new federal regulations will severely impact patient volume. Approximately 320 people are scheduled to be laid off because of...