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| Editorial: Seeing the whole economic development picture | | Hanover didn't create the 225 jobs required for its 5-percent tax break on the improvements to its Lincoln Street headquarters but having the company make those improvements still increases the value of its properties and the ones around it. | | Read more >> | | Outstanding Women in Business Awards deadline is tomorrow | | Here is your chance to nominate a deserving business woman that you know, and have her accomplishments recognized and celebrated! | | Read more >> | | Following demand, Milford pharma expanded | | The world's largest manufacturing site for a drug ingredient called oligonucleotide is slated for Milford's Avecia. | | Read more >> | |
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| | | | | | Question of the Week | | Tuesday we asked: In June, the median sale price of a single-family home hit $276,000 in Worcester County and $395,000 statewide, continuing their upward trend. While the price of real estate is a sign of strong demand, rising costs can price people out of the market and/or leave them with less disposable income. | | Are rising home prices good for your business? | | | All boats rise and fall with the tide. With Boston beyond reach, Central Massachusetts has the character and economy to grow. One of my pet peeves about the WBJ is the belief that high real estate prices are good, when in fact they are the worst possible thing that could happen. Lower prices raise the standard of living, high prices lower the standard of living. This is not a new idea. Adam Smith wrote: "Nations go to ruin fastest where the rate of profit is highest." High tide lifts all boats -- its always better with a growing economy. I wish the city council would understand this. | | See All Comments >> | |
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