Mass Business Blog

News and Perspectives on Massachusetts Business and Economy

Hologic plans to move HQ to Marlborough

Marlborough is about to become home to another life sciences company. Bedford-based Hologic Inc. plans to move its headquarters to the city. The relocation would add 150 employees to the 450 who currently work at two Hologic offices in Marlborough. Hologic, a manufacturer of a variety of testing and...

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Massachusetts Wealth is No Accident

This year has been a period of positive growth for the bay state. Unemployment has declined to a low of 4.8% as of March and current economic reports show that we are no longer in a recession. With just under 7 million workers at its disposal and a growing economy in many industries, the highly productive and profitable state of Massachusetts is...

Massachusetts Judge Upholds Sick Time Law

Massachusetts District Court Judge Rya Zobel recently dismissed a complaint filed by two construction contractors, and six construction employee associations, seeking to challenge the Commonwealth’s new sick time law. The Massachusetts Earned Sick Leave law went into effect on July 1, 2015 following overwhelming support from voters in the...

Solar Debate Heats Up As Massachusetts Raises Net Metering C...

The Massachusetts Senate convened last week and responded to on-going pressure by solar supporters with a vote to raise the solar power net metering cap. Net metering, part of the incentives offered to consumers to encourage clean energy development, allows utility users to sell their excess energy back to the grid. The cap represents a...

Massachusetts Manufacturers Continue to Reshore Operations

The reshoring trend continues as Massachusetts manufacturers bring their operations back home. Companies, such as Energid Technologies Corp., are making the leap back to US soil to avoid external costs from unpredictable tariffs, foreign bureaucracy, and additional shipping charges. It seems the emerging economies of countries such as China and...

Massachusetts Economic Growth is an Encouraging Sign for Bus...

At the recent Economic Summit breakfast, hosted by Randolph Savings Bank, economic expert Dr. Elliott Eisenberg confidently declared that the state of Massachusetts is not in a recession. Corroborating data shows that since the beginning of 2015, the state’s economic performance has grown at a steady pace that exceeds the national average....

MA Legislature Reaches Compromise on Tax Policy

Massachusetts Governor Charlie Baker reached a compromise with Massachusetts legislature and state business leaders last week regarding the earned income tax expansion. Presently, the state earned income tax credit is 15 % of the federal tax credit. The compromise will raise that percentage to 23%, or $1,459 per family. The agreement represents...

The Piranha Pond Offers Investing Opportunity—Entrepreneurs ...

Hopeful entrepreneurs and established businesses are always looking for more money to develop and expand. Finding investors through pitching to “angels” has become a popular way to make the connections necessary to learn the ropes and get the money necessary to make it big with a great idea. When it comes to finding investors, television has...

Worcester hotel development brings rooms, room for growth

Over the course of the next two years, Worcester will see the opening of at least three new hotels, bringing an estimated 360 new rooms to the city. The expansion of hotel space is vital if the city hopes to draw and retain tourist and convention revenues. XSS Hotels, a hotel development and management company, plans to open a 100-room Hampton...

California Superbug Trumped by Massachusetts-Made Device

An outbreak of drug-resistant bacteria at UCLA caused the death of several patients this past year. The source of the “superbug” was traced back to the use of contaminated endoscopes. Officials at UCLA stated that the endoscopes, by their design, are difficult to sanitize and that they followed the manufacturer’s cleaning instructions precisely....

The Realities of Reshoring US Manufacturing

Offshoring—or outsourcing—is the practice of moving factories and jobs overseas. In the last 20 years, American companies have started sending manufacturing operations to countries with cheaper labor, fewer regulations, and more forgiving tax schedules. The phenomenon is familiar to anyone talking to tech-support in India, but it has also...

American Oil Fracking: Friend or Foe?

At least two decades of market uncertainty has kept Americans worried about the future of production costs and world market dominance. Fracking in the American Plains and mid-regions have influenced a huge transition from complete reliance on near-Asian production, to the reemergence of US-based goods and services. The boom in the Dakotas and...

Does Massachusetts Need a New Pipeline?

Last year, plans from a Houston energy company to introduce a new natural gas pipeline in New England sparked fierce debate, and the conversation is ongoing. Kinder Morgan, introduced The Northeast Energy Direct Project, which is a proposal to build a pipeline that would connect Massachusetts to abundant natural gas sources in Pennsylvania shale...

How Will the “Internet of Things” Affect Busines...

The continuing advancement of wireless technology has created a world where devices are connected in ways we never truly thought possible. Cloud computing and the increasingly widespread networks of data-gathering sensors have made it possible for devices to communicate with one another to accomplish goals, a trend people are calling “The...

FLEXcon Gains Space-Age Flexibility in Spencer Business Mark...

FLEXcon, a family-owned business in Spencer, Massachusetts, has recently landed national attention with their new space-age business partnership. NASA’s Glenn Research Center has agreed to license the production of a special insulator to FLEXcon, a local business in Massachusetts. “We are delighted to secure a licensing agreement for...

Massachusetts Gambles on Casinos for Economic Pay Day

Last week marked the opening of the Plainridge Park Casino, the first of potentially many new slot parlors in the state of Massachusetts. Doors officially opened on Wednesday to an eager herd of gamblers, including several special guests and state gambling regulators. The grand opening took place amongst a haze of doubt as many continue to wonder...