Last year, Massachusetts was ranked among the top 15 states for business by CNBC. This year, the state dropped down from 14th to 24th. Each year, CNBC creates its America’s Top States for Business list by scoring all 50 states on 88 metrics in 10 broad categories of competitiveness. These include categories like access to capital, infrastructure, […]
By Arianne Cohen September 28, 2022 at 12:12 PM EDT When employees can slash their traditional five-day workweek to four days, they tend to allocate their new free time to one surprising activity: sleep. Workers who shifted to 32-hour workweeks logged 7.58 hours per night of sleep, nearly a full hour more than when they were keeping 40-hour […]
For more than a month, the campaign championing a special tax on the wealthy has blasted TV airwaves with a simple message: “They pay less and we pay more.” “They” are the people who earn more than $1 million a year, as one ad intones and pans to a shot of a businessman boarding a private jet. […]
Lumber prices have fallen to their lowest level in more than two years, bringing two-by-fours back to what they cost before the pandemic building boom and pointing to a sharp slowdown in construction. Lumber futures ended Tuesday at $429.30 per thousand board feet, down about one-third from a year ago and more than 70% from […]
Massachusetts consumers and businesses could be in for some sticker shock this winter when they open their electric bills — and feel the impact of a war an ocean away. A rate filing on Wednesday from National Grid, showing wintertime power bills rising more than 60 percent from a year ago, is just the latest […]
Kittyhawk, the air-taxi company backed by billionaire Google co-founder Larry Page, will be closing down, dealing a setback to the long-elusive dream of developing flying cars. “We have made the decision to wind down Kittyhawk,” the company said on Twitter Wednesday. “We’re still working on the details of what’s next.” In 2019, Kittyhawk and Boeing […]
Some states and counties were already winning the migration battle before the Covid-19 took the world by storm. Like with many other trends, the pandemic sent several migration patterns into overdrive — shifting thousands of people and billions of dollars into fast-growing counties and leaving other areas scrambling to recapture their losses. Massachusetts was a net loser […]
Regency Center Corporation’s (Nasdaq: REG) overhaul of a trio of century-old buildings located in Cambridge, Massachusetts into modern mixed-use space—while carefully preserving the historic flair of their surroundings—reflects the versatility and perseverance of a REIT best known for its grocery-anchored shopping centers. The Jacksonville, Florida-based REIT’s restoration of the Abbot Building complex, a collection of three […]
President Joe Biden is infusing billions of dollars into a new, biotech-focused initiative, and it’s likely to have immediate ramifications for New England. Boston has long been a hotbed for pharmaceuticals in addition to upstart biotechs. But the White House is expanding the definition of what a “bioeconomy” could be, looking beyond drugmaking to other applications of […]
Project: A brownstone-turned-boutique-hotel in Cambridge’s Central Square, with a ground-level restaurant and a rooftop bar. Opening: 2020 Developer: Patrick Barrett (solo practitioner) Development costs: $24 million What’s electric? All 67 hotel rooms have their own heat pump. Some restaurant kitchen equipment. What’s gas? The hot water system, restaurant stoves and the building’s emergency backup system. Patrick Barrett, […]
