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    1. Westfield Bank gets a foothold for Connecticut expansion

      Explore bizjournals (Mar 6 2013)

      Westfield Financial Inc. (NASDAQ: WFD) says it will push its bank subsidiary, Westfield Bank, into Connecticut. Within the next couple of months, the bank plans to open a full-service branch, its 12th, in Granby, Conn., a rural town on the Massachusetts border just south of Westfield. The bank is waiting for local and state regulatory approval. The branch will be in the Granby Village Shops shopping center.

      (Read Full Article)

      Mentions:   Westfield   Westfield Bank

    2. Photos and outlook from today's Mass. Business Climate conference

      Explore bizjournals (Feb 18 2013)

      “Bottom line is it does not have to take a long time to get things done,” Grossman said. “When you see a problem in government you should be able to fix that problem far more quickly than we fix it. I would agree with that. Charlie talked about fast – boom, boom, boom. I agree.”

      (Read Full Article)

    3. Raytheon gets $33.3M DOD contract; General Dynamics snaps up $41.5M

      Explore bizjournals (Feb 1 2013)

      Raytheon gets $33.3M DOD contract; General Dynamics snaps up $41.5M

      Raytheon wasn’t the only New England company to get a piece of the DOD contract pie. General Dynamics Electric Boat Corp. of Groton, Conn. was awarded a $41.5 million firm-fixed-priced modification to the previously awarded contract for maintenance and modernization of the USS Hartford submarine.

      (Read Full Article)

      Mentions:   Raytheon

    4. MassBenchmarks report: State GDP surpassed nation's; faster growth predicted in 2013

      Explore bizjournals (Jan 31 2013)

      Massachusetts’ real gross domestic product grew faster than the recovering national economy in the fourth quarter of 2012, increasing at an annual rate of 1.0 percent, according to the latest MassBenchmarks Current Economic Index released today by the University of Massachusetts Donahue Institute and the Federal Reserve Bank of Boston.

      (Read Full Article)

      Mentions:   University of Massachusetts   Boston Fed

    5. Pratt & Whitney gets $300M contract from South Korea Air Force

      Explore bizjournals (Jan 8 2013)

      Spokesman Shawn Watson told Mass High Tech that this is the first engine maintenance award Pratt & Whitney has received from the Republic of Korea.
      Pratt & Whitney’s F100 engine powers F-15 and F-16 aircraft worldwide, used by more than 23 air forces around the world, the company said. Pratt & Whitney has built more than 7,200 F100 engines, and also supplies the F135 engine for the F-35, F117 for the C-17 and F119 for the F-22.

      (Read Full Article)

      Mentions:   United Technologies Corp.   Boeing   United Technologies

    6. Mass. DPU is upset with size of layoffs at Northeast Utilities after NStar merger

      Explore bizjournals (Jan 8 2013)

      No layoffs? Sounds too good to be true, right?
      Well, yes, it does. It turns out there were a number of layoffs after all – or, as NU likes to call them, “Merger-Related eliminations of redundant corporate positions.” Under pressure from the state Department of Public Utilities, NU disclosed in a Nov. 29 letter that at least 173 employees left the company because of merger-related layoffs after the merger was complete.

      (Read Full Article)

      Mentions:   Northeast Utilities

    7. Patrick signs bill requiring oral cancer drug coverage, over business groups' opposition

      Explore bizjournals (Jan 6 2013)

      Employer groups say they are faced with a burgeoning list of new mandates every year that threaten their ability to provide affordable health care to workers.
      The bill, first filed in 2009 by State Senator Stephen M. Brewer, is designed to mitigate the sometimes astronomical co-pays for newly-approved therapies.
      “The bottom line is that this bill is about keeping up with technology. Oral cancer therapies are the future of cancer treatment and most importantly they are not interchangeable with IV drugs,” Brewer said in a statement. “This new law will provide an additional level of comfort for patients as well ...

      (Read Full Article)

      Mentions:   Governor Deval L. Patrick   Associated Industries of Massachusetts

    8. E Ink plans to expand into new markets in 2013

      Explore bizjournals (Dec 31 2012)

      Peruvemba says the firm employs about 250 people in Massachusetts today, in Cambridge and South Hadley

      (Read Full Article)

    9. Construction jobs down in Springfield, up in Boston

      Explore bizjournals (Dec 31 2012)

      Construction jobs down in Springfield, up in Boston

      Springfield, Mass., which has among the highest unemployment rate in the Bay State, had the largest percentage drop in construction employment nationwide over the past year at 27 percent, according to an analysis by the Associated General Contractors of America of U.S. Labor Department data.

      (Read Full Article)

      Mentions:   Springfield

    10. Report: Chicopee, Hampden banks considering sale next year amid hedge fund pressure

      Explore bizjournals (Dec 28 2012)

      Chicopee Bancorp, parent of Chicopee Savings Bank, and Springfield-based Hampden Bancorp, parent of Hampden Bank, are weighing sales amid pressure from an activist investor, “people with knowledge of the matter” told Bloomberg.

      (Read Full Article)

      Mentions:   Springfield   Chicopee   Chicopee Savings Bank

    11. BofA to close 4 more Mass. branches, including 1 in downtown Boston

      Explore bizjournals (Dec 26 2012)

      Bank of America (NYSE: BAC) has reportedly detailed plans to close four more branches in Massachusetts – including a downtown Boston branch across from the Government Center MBTA station.

      (Read Full Article)

      Mentions:   Springfield   Westfield

    12. UMass: We could lose $32M in research funding over the fiscal cliff

      Explore bizjournals (Dec 12 2012)

      UMass: We could lose $32M in research funding over the fiscal cliff

      The University of Massachusetts could lose nearly $32 million in federal research funding next year if the Obama Administration and Congress do not reach a deal on automatic cuts to defense and government spending programs in a so-called fiscal cliff scenario, according to UMass.

      (Read Full Article)

      Mentions:   University of Massachusetts   Amherst   Robert Caret

    13. Friendly's Ice Cream taps Regan for public relations work

      Explore bizjournals (Dec 6 2012)

      Friendly's Ice Cream taps Regan for public relations work

      Friendly's Ice Cream LLC has hired Boston-based Regan Communications to handle the struggling restaurant chain's public relations moving forward, the agency said on Wednesday.

      (Read Full Article)

      Mentions:   Friendly's Ice Cream Corporation

    14. Massachusetts is projected to return to pre-recession employment levels by mid-2014

      Explore bizjournals (Dec 5 2012)

      We’ve got to wait until 2014 before employment in the Bay State returns to pre-recession levels. And after we get there, we’ll be staring at a dramatically different economy than the one we left behind in early 2008.

      (Read Full Article)

    15. UMass President Robert Caret to announce new accountability system

      Explore bizjournals (Nov 29 2012)

      UMass President Robert Caret to announce new accountability system

      In what the University of Massachusetts is calling a step toward more accountability and transparency, President Robert Caret is expected to announce Thursday the creation next year of a new report designed to measure university system’s progress in six areas.

      (Read Full Article)

      Mentions:   University of Massachusetts   Amherst   Robert Caret

    16. State seeks advice on transportation system

      Explore bizjournals (Nov 27 2012)

      State seeks advice on transportation system

      Hosted by Transportation Secretary Richard A. Davey, the sessions are being held statewide to generate ideas and help prioritize the Massachusetts Department of Transportation’s initiatives.

      (Read Full Article)

      Mentions:   Governor Deval L. Patrick   Massachusetts Department of Transportation

    17. Berkshire Bank profit more than doubles

      Explore bizjournals (Nov 14 2012)

      The Pittsfield-based parent of Berkshire Bank has been on an acquisition blitz since spring 2011, and it ended the quarter with $4.6 billion in assets compared to $3.9 billion at the end of 2011.

      (Read Full Article)

      Mentions:   Berkshire Bank

    18. Massachusetts economy slowing amid weaker employment and spending

      Explore bizjournals (Oct 30 2012)

      The University of Massachusetts Donohue Institute and the Federal Reserve Bank of Boston said the state’s economy grew at a feeble annual rate of 1.9 percent in the third quarter, slower than the national economy.

      (Read Full Article)

      Mentions:   University of Massachusetts   Boston Fed

    19. Deloitte report shows parts of New England can be as inexpensive as the South for manufacturing

      Explore bizjournals (Oct 25 2012)

      In particular, the report singles out three relatively affordable regions in New England: the I-91 corridor, particularly in the Pioneer Valley area;

      (Read Full Article)

    20. The top 10 Massachusetts colleges, ranked by graduation rate

      Explore bizjournals (Oct 4 2012)

      The top 10 Massachusetts colleges, ranked by graduation rate

      As of 2010, 15 Bay State colleges have graduation rates at 80 percent or above. All are private, four-year institutions. The top state school is the University of Massachusetts Amherst, at No. 19, with a 68.9 percent graduation rate. Westfield State University, with a graduation rate of 60.5 percent. The University of Massachusetts Boston was far lower, with 41.1 percent.

      (Read Full Article)

      Mentions:   University of Massachusetts   Westfield State University   Amherst

    21. Mass. officials look to bridge skills gap for manufacturing sector - Boston Business Journal

      Explore bizjournals (Sep 14 2012)

      Greg Bialecki, Gov. Deval Patrick’s economic affairs secretary, knows more work needs to be done to help bridge this training gap. He says state officials are launching two related initiatives aimed at boosting the manufacturing sectors in four key regions: the northeastern corner of the state, the South Coast, central Massachusetts, and western Massachusetts.

      (Read Full Article)

      Mentions:   Governor Deval L. Patrick   Springfield

    22. Policyholders sue MassMutual, seek class-action status - Boston Business Journal

      Explore bizjournals (Sep 4 2012)

      Policyholders are suing the Springfield, Mass.-based insurer, alleging it improperly withheld millions that rightfully should have been disbursed or invested back into the company

      (Read Full Article)

      Mentions:   MassMutual   Springfield

    23. Computing center in Holyoke to link research in five Hub schools

      Explore bizjournals (Jul 30 2012)

      Computing center in Holyoke to link research in five Hub schools

      The Massachusetts Green High Performance Computing Center will house a facility to support the research needs of Boston University, Harvard University, the Massachusetts Institute of Technology, the University of Massachusetts and Northeastern in partnership with the commonwealth of Massachusetts, EMC Corp. (NYSE: EMC) and Cisco Systems (NasdaqGS: CSCO).

      (Read Full Article)

      Mentions:   University of Massachusetts   MassDevelopment   Holyoke

    24. Holyoke Hospital's outlook 'negative' as Medicaid rolls rise

      Explore bizjournals (Jul 26 2012)

      The good news for Holyoke Hospital is that it recently received $7 million in extra Medicaid funding to support one of the poorest patient populations in the state. The bad news is without those funds, the hospital and its aging facilities would have booked a $5.6 million operating loss in fiscal 2011

      (Read Full Article)

      Mentions:   Holyoke

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