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Featured Articles
Mass. unemployment rate drops
Explore Business News (Mar 17 2011)
The Massachusetts Executive Office of Labor and Workforce Development has announced that the unemployment rate in the Bay State for February dropped to 8.2 percent, down from 8.3 percent in January. The state's unemployment rate remains below the national rate of 8.9 percent. The Office says the preliminary February job figures indicate an increase of 15,400 jobs, with largest gains in Education and Health Services. Job losses came in the Manufacturing, Construction and Government sectors. Analysts caution that the official unemployment figures do not include individuals who have reached the end of their unemployment benefits ... (Read Full Article)
Conn. governor in Washington seeking high-speed rail funds
Explore masslive.com (Mar 17 2011)
Connecticut Gov. Dannel P. Malloy is in Washington, D.C., asking for money for the planned commuter rail line which will run from New Haven to Springfield, Mass.
(Read Full Article)
Mentions: Connecticut Dannel P. Malloy
FedBid names former Vermont Lieutenant Governor Brian Dubie to Board of Advisors
Explore Vermont Business Magazine (Mar 16 2011)
FedBid, Inc, the online reverse auction marketplace, today announced that it has named former Vermont Lieutenant Governor Brian Dubie to FedBid’s Board of Advisors.
Dubie completed four terms as Vermont’s Lieutenant Governor in January 2011. He currently serves as a Captain for American Airlines, a Colonel and Emergency Preparedness Liaison Officer in the US Air Force Reserve and a public policy consultant. He was narrowly defeated in the 2010 election for governor of Vermont.
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Mentions: Vermont University of Vermont
Vermont's economic growth attributed to small businesses
Explore Vermont Business Magazine (Mar 16 2011)
Vermont’s small businesses are key to the state’s well-being and account for a significant share of the state’s economic production and hiring, according to the Office of Advocacy’s Small Business Profile for the state, released today. The profile uses the most recent data available to provide details about small business employment, business starts and closings, bank lending, business ownership by minorities, women, and veterans, and firm and employment change by major industry and firm size.
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IBM, Providence to collaborate on computerized land management system
Explore Homepage (Mar 16 2011)
The city of Providence and IBM will work to develop a computerized land management system to develop the Knowledge District in the capital city. (Read Full Article)
Mentions: Rhode Island
Ameresco lands $9.4M deal with Portland, Maine
Explore Mass High Tech Business News (Mar 16 2011)
Framingham-based Ameresco Inc. said Wednesday it has won a $9.4 million contract to provide energy efficiency upgrades and solar installations for buildings owned by the city of Portland, Maine. (Read Full Article)
Mentions: Maine Ameresco Inc.
Conn. and Mass. Cities Among the Best for Jobs This Spring
The employment services firm Manpower has polled more than 18,000 employers in 100 metropolitan area (Read Full Article)
Vermont tax revenues up from 2010, but lag 2011 projections
Explore Vermont Business Magazine (Mar 15 2011)
Secretary of Administration Jeb Spaulding announced today Vermont’s February tax revenues were above the February 2010 results, but are behind economist projections. February is the eight month of fiscal year (FY) 2011.
General Fund
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Massachusetts Gov. Deval Patrick signs agreement for UMass Medical School to cooperate with United Kingdom Stem Cell Bank
Explore masslive.com (Mar 15 2011)
The agreement calls on the two banks to identify shared priorities and foster collaboration and cooperation.
(Read Full Article)
Mentions: University of Massachusetts Deval L. Patrick
Conn. video co. opens Boston R&D hub
Explore Business News (Mar 15 2011)
VBrick Systems Inc. plans to announce today it has opened a Boston-area research and development hub in Woburn, Mass., where it plans to hire 20 engineers by the end of 2011. About 10 are already stationed there, said chief operating officer John Shaw. The Wallingford, Conn. company makes a kind of DVR for the enterprise - an appliance that acts as an internal content delivery network, distributing and managing video feeds. Shaw said its new office will focus on developing new media management software and user interfaces to sit on top of its core enterprise video hardware... (Read Full Article)
Boston brimming with billions in planned development
Explore Business News (Mar 15 2011)
Boston has 242 commercial projects valued at $27.5 billion under review and potentially teed up for development over the next few years, a pipeline of investment that is expected to reverse recent declines in the city’s local property-tax base. The blueprints comprise more than 90 million square feet of potential development and are heavily concentrated on infrastructure and cutting-edge building technologies expected to support the city’s growing life sciences sector. The crown jewel of those projects is the planned $900 million build-out of a new corporate headquarters for Vertex Pharmaceuticals in Boston’s fast-expanding South Boston waterfront ... (Read Full Article)
Mentions: Vertex Pharmaceuticals
Mass. sees largest job gains in 2 years
Explore Business News (Mar 14 2011)
The New England Regional Office of the U.S. Bureau of Labor Statistics is reporting the largest job gains in Massachusetts in two years during the second quarter of 2010. The BLS says the Bay State added 161,032 from March to June 2010, while job losses numbered 137,623. It was the largest net gain since June 2007. The state's official unemployment rate stood at 8.3 percent in January... (Read Full Article)
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Vermont housing affordability improved in 2010
Explore Vermont Business Magazine (Mar 14 2011)
Vermont Housing affordability improved in 2010 for the fourth consecutive year, according to The Vermont Economy Newsletter’s annual housing affordability analysis. read more (Read Full Article)
Mentions: Vermont
Former Economic Policy Council head tapped for Conn. position
Explore Homepage (Mar 14 2011)
Christopher “Kip” Bergstrom, former executive director of the Rhode Island Economic Policy Council, has been named as Conn. Gov. Dannel P. Malloy’s pick to take the reins at the state’s Commission on Culture and Tourism. (Read Full Article)
Mentions: Connecticut Rhode Island Dannel P. Malloy
Patrick continues overseas trip to help Mass. companies
Explore wwlp.com (Mar 11 2011)
Governor Deval Patrick wraps up his trade mission to Israel on Friday, and his next stop will be Europe.
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Mentions: Massachusetts Deval L. Patrick
Proposed Bills Could Rev Up Bradley International Airport as an Economic Engine
Explore Windsor Locks (Mar 11 2011)
Bradley International Airport is an underutilized asset for Connecticut and Western New England, and two proposed pieces of legislation may help change that, officials said Thursday.
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Mentions: Connecticut Bradley International Airport MetroHartford Alliance
Vermont and New York begin work on regional intercity passenger rail study
Explore Vermont Business Magazine (Mar 11 2011)
The Vermont Agency of Transportation (VTrans) and the New York State Department of Transportation (NYSDOT), in cooperation with the Federal Railroad Administration (FRA), are working together to identify and establish intercity passenger rail service to parts of southwestern Vermont and adjacent areas in New York that are currently underserved, and have scheduled the fi
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Providence Business News announces CFO award winners
Explore Homepage (Mar 11 2011)
Providence Business News has selected the winners of its inaugural Chief Financial Officer Awards program, honoring nine local executives for their achievements. (Read Full Article)
Mentions: Rhode Island Providence Business News
A Maine tidal energy company to connect to grid
Explore Home - Brattleboro Reformer (Mar 10 2011)
PORTLAND, Maine -- A Maine tidal energy company says its prototype underwater power system has passed all of its tests, paving the way for a commercial unit to be connected to the region's grid by year's end. (Read Full Article)
Mentions: Maine
Ocean State Job Lot continues Bay State expansion
Explore Business News (Mar 10 2011)
Ocean State Job Lot, a Rhode Island-based retailer with a growing roster of stores in the Bay State, has opened a new store at 400 Lynn Fells Parkway in Saugus. The 176,924-square-foot property is owned by Gerondelis Foundation Inc., a Massachusetts-based LLC registered to Gregory C. Demakis of 180 W. Shore Drive in Marblehead, according to public records. The store is Ocean State’s 101st location. The company was founded in 1977 by Alan and Marc Perlman. In a recent article in the Boston Business Journal, Marc Perlman said the company expects to add more Massachusetts stores in the ... (Read Full Article)
Mentions: Massachusetts
UMass ranked 19th worldwide in reputation for research and teaching, according to Times Higher Education survey
Explore masslive.com (Mar 10 2011)
London-based magazine Times Higher Education's recently published 2011 'World Reputation Rankings' place the University of Massachusetts system in the top 20 worldwide.
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Mentions: University of Massachusetts Boston University Brown University
Vermont unemployment declines 0.1 percent in January to 5.7 percent
Explore Vermont Business Magazine (Mar 10 2011)
The Vermont Department of Labor announced today the seasonally adjusted statewide unemployment rate for January 2011 was 5.7 percent. This reported level resumes the downward trend established through much of 2010. It is a decrease of one tenth of a percentage point from December 2010 and a decrease of a full percentage point from January 2010. read more (Read Full Article)
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Massachusetts Gov. Deval Patrick signs research and development agreement with Israel
Explore masslive.com (Mar 10 2011)
Patrick said the agreement “formalizes an already strong relationship,“ and will help support job growth in both the Bay State and Israel.
(Read Full Article)
Mentions: Massachusetts Deval L. Patrick
Green Mountain Coffee shares soar in new deal with Starbucks
Explore Vermont Business Magazine (Mar 10 2011)
Starbucks Corporation (NASDAQ:SBUX), the world’s premier roaster, marketer and retailer of specialty coffees, and Green Mountain Coffee Roasters, Inc (NasdaqGS: GMCR ), a leader in specialty coffee and single-serve brewing systems, today announced a strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks and Tazo tea branded K-Cup portion packs for use in GMCR’s Keurig Single-Cup brewing system. The $2 billion single cup systems together account for the growth in the coffee industry last year.
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