Mass Business Blog

News and Perspectives on Massachusetts Business and Economy

Aaron Portnoy to Speak at Worcester Economic Club

The Worcester Economic Club (WEC) announced today that Aaron Portnoy, a world-renowned computer security expert, has been booked as one of its speakers of the 2014-2015 WEC Speaker Series. Portnoy is featured on the July 21, 2014 cover of TIME Magazine’s “World War Zero: How Hackers Fight to Steal Your...

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TGP Northeast Energy Direct Pipeline – Will it Help or...

There’s a proposal in place to build a high-pressure natural gas pipeline to run from Pennsylvania through New York state into Massachusetts, where it would join with existing pipelines that connect to the Massachusetts and Canadian coasts. This controversial pipeline is intended to carry natural gas from the Marcellus (and perhaps Utica)...

Aaron Portnoy to Speak at Worcester Economic Club

The Worcester Economic Club (WEC) announced today that Aaron Portnoy, a world-renowned computer security expert, has been booked as one of its speakers of the 2014-2015 WEC Speaker Series. Portnoy is featured on the July 21, 2014 cover of TIME Magazine’s “World War Zero: How Hackers Fight to Steal Your Secrets.” In today’s era of privacy concerns...

Boston’s Real Estate Market – Too Hot for Startu...

As far as commercial real estate markets go, Boston is among the best in the country. According to real estate research firm Reis Inc., the retail-vacancy rate fell 10 basis points in the past three months, and the city is now tied with Austin as the 12th best in the nation. What does this mean for start-ups who want a piece of the thriving...

Should Cape Wind Receive $150 million Federal Loan Guarantee...

The U.S. Department of Energy has announced that it will grant a $150 million loan to advance the Cape Wind energy project in Massachusetts, provided backers can secure an additional $2.6 billion in financing. If successfully built, Cape Wind will consist of 130 wind turbines capable of producing 360 megawatts of electrical power. The project has...

Should Partners HealthCare System be Allowed to Acquire More...

A three week comment period has been ordered by a Suffolk Superior Court Judge before a final ruling permitting or denying a settlement between Massachusetts Attorney General Martha Coakley and the giant Partners Healthcare System. The proposed deal allows Partners Healthcare to expand in size by acquiring three hospitals while hiring more...

Did the $525,000,000 Massachusetts Poured Into Biotech Gener...

Yes? No? Maybe? The state of Massachusetts has spent $525 million encouraging the development of the state’s biotech industry, just over half of the $1 billion budgeted for this purpose. This public investment is being applied to grants, tax breaks and business loans for companies planning on moving to Massachusetts or expanding their...

Is Refugee Resettlement Good for Mass. Businesses?

There has been a lot of controversy lately about the effectiveness of refugee resettlement programs that the federal government employs to settle refugees in the United States. Earlier this month, Dominic Sarno, mayor of the Massachusetts city of Springfield, wrote to prominent Massachusetts politicians urging a moratorium on resettlements in...

Should the New Pro Soccer Stadium be in Boston?

The New England Revolution is on the search for a new stadium to call home, and Boston might just be it. While some soccer fans are eager to see this stadium come to town, especially as the sport becomes increasingly popular in American society, others are saying that the city already has enough traffic and congestion. Building the stadium in...

Mass Raises Minimum Wage to Highest in U.S.

In the aftermath of the Obama administration’s failure to garner sufficient support for a federal minimum wage increase, some states are taking action on their own – including Massachusetts. State Governor Patrick has signed a measure that would raise the state’s minimum wage to eleven USD hourly by year 2017. Although this will...

Massachusetts Named in Top 3 Lowest CO2 Emitters per Unit of...

Massachusetts, Connecticut and New York were named the three lowest emitters of CO2 per unit of economic output this month by the U.S. Energy Information Administration. The announcement was made in conjunction with the release by the Environmental Protection Agency of new rules designed to encourage states nationwide to reduce their carbon...

President Obama to Speak at High School Graduation

In an effort to draw attention to an educational success story as well as highlight the need for continuing development of a manufacturing and technical workforce, President Barack Obama will be speaking to this year’s Worcester Technical High School graduating class this afternoon. “The school’s combination of rigorous academics and hands-on...

Great Wolf Lodge Provides Jobs for Central Mass

Great Wolf Resorts’ first New England Location will be one of the biggest providers of new jobs in the region, reported the Boston Business Journal. The Wisconsin-based operator of hotels with indoor water parks is targeted to open its Fitchburg location on June 1. Great Wolf invested $66 million in the project, including the acquisition of a...

A Snapshot of Mass. Manufacturing Translates Across State

By Bill DiBenedetto, President, Lampin Corporation In October the Pittsfield Economic Revitalization Corporation released a study on advanced manufacturing in the Berkshire region of the Commonwealth. Although Lampin is located in nearby Blackstone Valley, the birthplace of the industrial revolution, the environment of the Berkshires is similar...

Ivy Corset Building in Worcester Increases Energy Efficiency

With lighting costs being a significant percentage of energy costs, it’s important for buildings to update outdated and energy-wasting luminaires. Access Fixtures achieved energy savings for the historical Ivy Corset building in Worcester, Mass by retrofitting six wall packs on the front of the building.  The renovated brick factory building once...

What are the latest internet scams to beware of and how can ...

Guest Post From Sarah Hewitt Be sure to follow Sarah on twitter @SarahHewitt52 Internet scams will exist as long as scammers continue to be inventive. Fraud prevention teams work extremely hard investigating internet fraud but once one scam has been brought under control a new, more inventive one will arise. For this reason it’s important to stay...