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| Biostage announces $3.6M private investment | | Holliston biotech firm Biostage has landed another large private investment of $3.6 million as it continues to pursue growth in Asian markets. | | Read more >> | | Boston communications firm opens Worcester office | | Slowey/McManus Communications, a strategic communications firm based in Boston, has opened a small Worcester office in an effort to branch out to clients in Central Massachusetts. | | Read more >> | | Partners, Harvard Pilgrim exploring merger | | Health care giant Partners is exploring a merger with Harvard Pilgrim Health Care, a major insurer, but is also looking at other possible alliances. | | Read more >> | | Westborough offices sell for nearly $10M | | A pair of office buildings of Flanders Road in Westborough have sold for $9.85 million. | | Read more >> | |
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| Week in review | |
| PawSox hope still alive | |
It's been a quiet few months when it comes to Worcester potentially attracting the Pawtucket Red Sox to a move north. But Worcester officials and business leaders were slated to meet this week to continue talks of bringing the PawSox to the city, a plan that would likely require millions in tax breaks from the city. The city is"including important community partners in those conversations," City Manager Ed Augustus said.
| | Long-vacant Worcester school to become housing | |
The long-empty Indian Hill Schoolhouse on Ararat Street in Worcester will be converted into 23 market-rate rental units. The state financing agency MassDevelopment and Main Street Bank will provide a nearly $2.8 million commercial mortgage loan to property owner North Village Lofts LLC. The company will use the loan proceeds to purchase and redevelop the 20,000-square-foot building.
| | Journalism-area financials give a picture | |
Two recent reports shed light on the Central Massachusetts journalism industry. First, the Harvard-affiliated NiemanLab reported that two Digital First Media daily newspapers in Massachusetts, the Sentinel & Enterprise in Fitchburg and The Sun in Lowell, tallied a 26-percent profit margin last year despite industry struggles. The $5-million profit also came just months before the company closed the Sentinel & Enterprise's newsroom, leaving its staff to work remotely. Newly public documents also show that the Telegram & Gazette parent company, GateHouse Media, spent $300,000 to buy the daily Gardner News earlier this year, part of a continued expansion in the region for Gatehouse. The Gardner News had been owned by the Bell family since 1963.
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