Mass Business Blog

News and Perspectives on Massachusetts Business and Economy

Medical Device Manufacturer Moves to Worcester

Cogmedix, a wholly owned subsidiary of Westborough-based Coghlin Companies Inc., recently announced the relocation of its world headquarters to 17 Briden Street in Worcester.  The medical device engineering and manufacturing services provider has become quite a success story in an increasingly important...

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Snow Throws Wet Blanket on Economy

Starting in late January, Massachusetts has been battered by major snowstorms that have blocked roads, buried parking spaces, and caused widespread power outages. MBTA service has been limited, and even shut down in places. Snow and ice continues to block roads, keeping people away from shops and restaurants and impeding industrial and...

Beaton Plans to Lower Energy Costs By Implementing Solar

With his focus on “energy justice,” the new state Energy Environmental Affairs secretary, Matthew Beaton’s main objective is reducing energy bills with a plan for installing solar power on city apartment buildings. At a roundtable meeting, Beaton said, “We need to look at the fiscal realities. A lot of folks are being really pinched right...

Medical Device Manufacturer Moves to Worcester

Cogmedix, a wholly owned subsidiary of Westborough-based Coghlin Companies Inc., recently announced the relocation of its world headquarters to 17 Briden Street in Worcester.  The medical device engineering and manufacturing services provider has become quite a success story in an increasingly important sector of the Commonwealth’s economy. Chris...

Baker Resists Tax Hike for “T”

Charlie Baker thinks the issue of the how to fix the lingering issues related to the financially-troubled MBTA transit system in Boston is still up in the air.  During a February 19 appearance on WGBH Public Radio in Boston, Governor Baker said that, while all options are being evaluated, the issue of raising taxes to solve the issue is one he’s...

Staples Acquiring Office Depot for $6.3 Billion

Options for stationery and computer accessories are set to change after Framingham-based Staples, Inc. officially merges with Office Depot next year. Staples is acquiring its major rival in a $6.3 billion deal that should be completed by the end of this year. CEO Ron Sargent aims to reinvent the brand and move into areas beyond office supplies....

Technology Skills for Manufacturing are Lacking in Region

With recent trends toward onshoring and reshoring, manufacturing jobs are gradually returning to the USA from overseas. Most do not, however, seem to be finding their way into Central Massachusetts. While manufacturing – and the technology propelling it forward – is projected to continue to grow, albeit slowly, during 2015, the focus...

Home Sales End Year on Upswing

December 2014 marked the end of a better year for home and condominium sales. The market came back with both more sales and higher prices. December marked a long uphill climb of nearly two years of returning sales, with a continuing upswing over the past twenty-two months. Due to a lack of available inventory, there has been a decline in the...

Mass Revenue Gains Are Good – Not Great

With the month of January coming to a close, the Commonwealth of Massachusetts received a mixed bag of news as legislators poured over projected revenue surpluses and the instability of state, national, and world economies. Economic experts forecast an increase in state tax revenues around 4.5 percent for the 2016 fiscal year, slightly up from...

Worcester Groups Pitch Transportation Solutions – Seek...

In an effort to provide much-needed transportation solutions in Worcester, seven groups provided ideas for a National Science Foundation program. This program, which was also shared with the cities of San Diego and Chicago, seeks to provide solutions to the cities’ transportation issues that arose out of growing populations. Some of the...

Massachusetts adds 10,900 jobs in December

According to a January 22, 2015 statement from the Massachusetts Executive Office of Labor and Workforce Development (EOLWD), there were 10,900 jobs added in Massachusetts in December. The EOLWD based these figures on early estimates provided by the Federal Bureau of Labor Statistics (BLS). The largest number of jobs added in December was in the...

UMass Amherst Replacing Campus Bookstore with Amazon

Students at the University of Massachusetts Amherst campus will no longer be buying their textbooks at the campus bookstore. That familiar on-campus amenity is being replaced by online retail giant Amazon.com. The current textbook annex operated by Follett Corp. is being replaced by an Amazon distribution center that is designed to save the...

Harvard Pilgrim Acquires TrestleTree

Wellesley, Mass.-based Harvard Pilgrim Health Care announced Friday that it has purchased Arkansas-based TrestleTree, Inc., provider of lifestyle health behavior change coaching. Harvard Pilgrim’s interest in TrestleTree developed because of their software that supports and monitors patient  progress in such programs as smoking cessation,...

Baker Announces New Business Posts

Nominations for vital business posts were recently announced by the incoming Baker administration. The candidates chosen are well-known and , as a result, their nominations have been met with little fanfare but, more importantly, little protest. Baker named John Chapman as his new Undersecretary for Consumer Affairs and Business Regulations. This...

Study Foresees Continued Medical Technology Growth

In recent years, the medical technology and medical device manufacturing industries have become an increasingly significant sector of the Massachusetts economy. According to predictions from Evaluate Ltd., a market research firm, it is expected to grow at a five percent annual rate for the next five years. The report, entitled...

Stars Disappear in Massachusetts Without Legislation

In 2001, even with Boston only 40 miles to the north, the southeastern Massachusetts towns of Plympton, Plymouth, and Middleborough were dark and remote compared to surrounding towns. Carolyn and Barry DeCristofano moved to the area primarily for this reason. According to the Boston Globe, when it started getting brighter, they wanted to do...