Mass Business Blog

News and Perspectives on Massachusetts Business and Economy

Will the MBTA Cause the Demise of 2024 Boston Olympics?

At a Suffolk University panel convened in Boston on March 17th, there was a discussion regarding two closely related subjects: improved infrastructure and the possibility of hosting the world’s Olympic Summer games in 2024. This past December, Boston Mayor Marty Walsh said that the Olympics...

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WPI Introduces Data Tool to Evaluate Massachusetts’ Competit...

Worcester Polytechnic Institute has announced the development of a new system to help evaluate Massachusetts’ competitive position among leading technology states. The program has been dubbed the Massachusetts’ Technology, Talents and Economic Reporting System (MATTERS). MATTERS is an online system that consolidates a collection of...

GE Prepares for Marlborough Site Summer Launch

General Electric’s decision to move its Healthcare Life Science division from New Jersey to Marlborough was initially met with tempered enthusiasm by those gauging its economic impact on the region. However, recent projections predict that the center will employ over 500 full time employees no later than 2017. Luckily for the already stressed...

Study Says a Carefully Planned Boston Olympics Could Bring i...

As Boston prepares its bid for the 2024 Summer Olympic Games, supporters and detractors have come out of the woodwork. However, according to a study done by The Boston Foundation and the UMass Donahue Institute, the Olympics could bring up to $4 billion to the state’s economy. According to the study, the bulk of the revenues generated would come...

“Snow Loans” To Help Small Business Owners Recover from Diff...

The Massachusetts Growth Capital Corporation (MGCC) has issued its first snowstorm loan, part of an initiative to help small business owners bounce back after record snowfall this winter. Up to $1 million has been set aside in a fund that is available to qualifying businesses throughout the state. “As small businesses throughout Massachusetts...

Baker Takes On Skills Gap

Massachusetts Governor Charlie Baker has assigned three of his top deputies to oversee an effort that would better align the state’s education and workforce training systems with the needs of employers. The decision underlines the skills gap as a remaining obstacle to real economic growth. Baker signed an executive order formally establishing a...

A Full and Exciting Year for Harvard Bioscience

Harvard Bioscience of Holliston, a global developer, manufacturer and marketer of a range of life sciences equipment, has reported record quarterly revenues of $30.4 million for Q4-2014, an approximate 9.0 percent increase of $2.5 million in comparison to the $27.9 million earned in Q4-2013. The company stated it was able to significantly improve...

Baker Takes $750M from MassHealth with New Budget

On Wednesday, March 4th, Governor Charlie Baker filed a $38.1 billion budget proposal which includes recommendations for increased spending on objectives like local aid, transportation and higher education. The budget also proposes cutting more than $750 million from MassHealth to help fill a projected deficit of $1.8 billion. For his first...

Central Massachusetts Stands Out in Nursing Home Rankings

It seems that Massachusetts may be the best place to go for rehabilitation and aftercare. Eleven of Central Massachusetts’ nursing homes have received the top rating in U.S. News & World Report’s annual list of best nursing homes. The list for 2015 bestows five-star status to four Worcester facilities: Beaumont at University Campus,...

Boston Scientific Purchases American Medical Systems Unit fo...

Boston Scientific, a Marlborough-based life sciences company, announced on Monday that it has agreed to acquire the urology division of American Medical Systems for $1.6 billion. Boston Scientific expects to close the acquisition in the third quarter of 2015. This will be the company’s largest acquisition since it purchased Guidant Corp, a...

Employee Engagement and Wellness Top Priorities

Employee engagement and wellness continues to be a hot topic in business circles, as executives look for more ways to increase productivity and boost growth. At the same time, the job market is improving enough that some managers are becoming concerned about ways to keep their best people. A recent report entitled “State of the Industry:...

Quincy Officials See New Project Jumpstarting Downtown Redev...

In recent years, the city of Quincy has demonstrated an impressive commitment to its economic growth and revitalization. It was, in fact, the first city in the Commonwealth to receive District Improvement Financing (DIF), a state program that enabled the city to create a district improvement financing zone in Quincy Center. The plan is to use the...

Worcester Chamber to Host Debate of Boston Olympics Bid

The Worcester Regional Chamber of Commerce is about to host a debate discussing the pros and cons of Boston winning its bid to host the 2024 Olympics Games. The debate will be held as two separate functions, and is intended to discuss the possible implications for Worcester should Boston become the host city. Representatives from the Boston 2024...

Study Foresees Continued Medical Technology Growth

The medical technology industry is growing as 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 5 percent annual rate for the next five years. The report, entitled “EvaluateMedTech World Preview 2014, Outlook to 2020” (free...

Worcester Chamber Looks at Springfield Casinos as Model

  In what could soon become a blueprint for other regions to follow when planning for urban development, the proposed MGM Springfield casino is being set up to embrace its surrounding community rather than shut it out or physically divide it. According to James Murren, Chairman and CEO of MGM Resorts International, their $800 million casino...

The End of AstraZeneca in Westborough

The AstraZeneca plant in Westborough has announced it will shut its doors permanently by the end of 2015. This is the final step the company has taken to shut down the plant, having already decreased employee levels there from 800 to just 180.  More employees will be relieved by March, but others will remain employed until the company closes at...