By Lucia Maffei – Reporter, Boston Business Journal AI Insurtech Startup Quandri to Open Boston Office, Expanding U.S. Presence Quandri, a British Columbia-based insurtech company using AI to streamline insurance agency operations, plans to open a Boston office to expand its presence in North America. Founded in 2021 by brothers Jackson and Jamieson Fregeau, the company’s platform […]
By Isabel Hart – Reporter, Boston Business Journal Hannaford Supermarkets to Close Marlborough Store, 160 Employees Affected Hannaford Supermarkets will lay off 160 employees from its Marlborough store in mid-September, according to a filing with the state. The layoffs are set to take effect on September 13, and all employees at the store will be impacted. Workers […]
Alexandria among firms posting leasing gains during manufacturing boom By Lou Hirsh Signs of Recovery in U.S. Biotech Real Estate as Novartis Secures Landmark Lease The U.S. biotech real estate market, subdued in the post-pandemic era, is showing signs of recovery. Landlords and brokers point to rebounding deals in top life science markets, increased domestic manufacturing […]
Rule change doesn’t affect existing buildings By Andria Cheng New York State to Mandate All-Electric Buildings in Phases Starting This Year New York State will begin phasing in a ban on gas stoves, heaters, and other fossil fuel appliances for new residential and certain other buildings by the end of the year, over two years after […]
By Arlington Economic Development Corporation Salcomp to Establish U.S. Headquarters in Arlington, Creating 660 New Jobs Established in 1973, Salcomp, a global leader in power supplies for mobile and electronic devices from Finland, is expanding its U.S. operations by establishing its headquarters in Arlington, Texas. The company also manufactures sensors with wireless connectivity technology, precision structural […]
Gary Higgins / Boston Business Journal Marc Cadieux, president of Silicon Valley Bank’s commercial banking, acknowledges that the recent surge in AI funding and sky-high valuations might be creating a speculative bubble. While AI has been evolving for years, the rise of technologies like OpenAI’s ChatGPT has sparked massive investor enthusiasm and capital inflows, fueling […]
Proposal boosts standard deduction, increases maximum child tax credit By Richard Rubin Republicans have released the first public draft of their new tax bill, aiming to extend and expand parts of Trump’s 2017 tax cuts starting in 2025. Key provisions include: These changes are expected to reduce federal revenue by $4.9 trillion over 10 years. Though […]
By Eli Chavez – Inno Reporter, Boston Business Journal The Healey-Driscoll administration announced key steps to grow Massachusetts’ AI sector, including appointing Sabrina Mansur as the first director of the Massachusetts AI Hub, launching a $31 million investment in high-performance computing through a new AI infrastructure (AICR) in partnership with MGHPCC, and planning a startup incubator with […]
By MARTHA BELLISLE Washington state has enacted new rent stabilization laws, becoming one of the first states to set firm limits on rent increases to protect tenants. Signed by Gov. Bob Ferguson, House Bill 1217 caps rent hikes at 7% plus inflation or 10% (whichever is lower) and includes single-family homes and manufactured housing, the latter […]
By Nick Timiraos The Federal Reserve kept interest rates steady this week, citing uncertainty around the economic impact of recently announced tariff hikes. Fed Chair Jerome Powell warned that sustained tariffs could lead to higher inflation, slower growth, and increased unemployment — a tough mix for policymakers. The Fed is choosing a cautious “wait and see” […]
