By Greg Ryan Massachusetts is building significantly less housing than it was in the mid-20th century. Not coincidentally, the median home sale price has nearly doubled in the past decade to $600,000, far outpacing income growth. More people are leaving Massachusetts for other states than are moving here. Those problems are what the MBTA Communities zoning […]
By Greg Ryan Procter & Gamble revealed Tuesday it would move Gillette’s century-old South Boston manufacturing operations to the company’s Andover property, opening up as many as 31 acres on Fort Point Channel to redevelopment. Cincinnati-based P&G (NYSE: PG) plans to maintain the headquarters for the Gillette business and roughly 750 corporate, research and engineering employees […]
By Meera Raman The CEO and president of Cambridge Savings Bank, which recently cracked the top ten list for largest banks in Massachusetts, told staff he plans to retire after over decade in the position. Wayne Patenaude recently announced his retirement internally to the company, the bank confirmed. “We are immensely grateful for Wayne’s exceptional leadership and […]
By Greg Ryan Battery maker Factorial Inc. formally opened a 67,000-square-foot facility to manufacture batteries for electric vehicles in Methuen on Monday. The deal was the latest in a series of real estate expansions locally for clean energy companies. Democrats in Washington have sought to encourage the domestic production of EV batteries by including financial incentives for […]
By Lucia Maffei Form D Friday is a Boston Business Journal feature highlighting regulatory filings from Boston-area companies raising capital for new projects or expanding their businesses. Form D reports are a type of SEC form used to file a notice of exempt offerings of securities. The SEC requires companies file the notice within 15 days […]
By Augusta Saraiva US retail sales increased in September by more than forecast in a broad advance that suggests durable household demand as the third quarter drew to a close. The value of retail purchases, unadjusted for inflation, increased 0.7% after an upwardly revised 0.8% gain in August, Commerce Department data showed Tuesday. Excluding gasoline, September sales […]
By Greg Ryan The Healey administration on Wednesday is expected to put forward sprawling $4 billion legislation meant to narrow the massive supply-demand gap in housing in Massachusetts, a bill that includes a controversial proposal to empower cities and towns to impose a fee on real estate transactions over $1 million. Gov. Maura Healey and her […]
By Charlotte LoBuono The Massachusetts Biotechnology Council, the nation’s oldest biotech trade association, released its 2023 Industry Snapshot on September 6. The report found that biotech and pharmaceutical companies in Massachusetts added more research and development and biomanufacturing jobs than in most other states in 2022. The biopharma R&D workforce in Massachusetts had a year-over-year growth rate of 8.5% […]
By Grant Welker It wasn’t long ago that the Prudential Tower stood out as one of a small handful of buildings in Boston’s skyline to carry a company name or logo. The insurer’s all-caps name across the top of the Back Bay office tower continues to be a city landmark. But today when you look out […]
By Lucia Maffei A startup based in Littleton is attracting the attention of one of the U.S. government’s investors to solve a problem that’s both unsexy and inevitable: the increased heat generation and water and electricity consumption in data centers supporting rapidly rising technologies such as advanced AI. The startup is JetCool Technologies Inc., an MIT […]
