commercial

Boston Eyes Commercial Tax Hike to Counter Office Market Dip

Boston Eyes Commercial Tax Hike to Counter Office Market Dip

By Brooke Sutherland and Sri Taylor Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values. Wu has submitted a petition for a temporary increase of the city’s tax-rate ceiling for commercial properties relative to residential levies. The proposal aims to redistribute the tax burden […]

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Woburn-based battery maker raises $78 million

Woburn-based battery maker raises $78 million

By HIAWATHA BRAY Woburn-based battery maker Alsym Energy has raised $78 million in Series C venture round led by India’s Tata Limited, along with General Catalyst Thrive Capital and Thomvest. That brings total investment in the company to $110 million. Alsym, cofounded by veteran entrepreneur Mukesh Chatter and Massachusetts Institute of Technology professor Kripa Varanasi, […]

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iRobot plans to cut R&D expenses in 2024

iRobot plans to cut R&D expenses in 2024

By Lucia Maffei Can iRobot continue to spur robotics innovation even as its research and development spending is on the decline? That’s one of the big questions that emerged in the aftermath of the implosion of iRobot’s merger deal with Amazon, which forced the Bedford-based Roomba-maker to chart an alternative path to its own future while […]

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