Archive for May 2021
After turning to PPP, Boston law firm sees profits jump by millions
Brown Rudnick was approved for a $6.7 million PPP loan last April, among the largest loans awarded to a Massachusetts-based professional services firm. Its 2020 financials were made public this week. Read More
Read MoreWeWork sued for $1.8M in back rent after closing South Station coworking space
The coworking giant had leased 131,042 square feet at 745 Atlantic Ave., where landlord Oxford Properties Group says it has not paid rent since March. Read More
Read MoreFor Locus Robotics, ‘Covid accelerated everything’ — including revenue growth
Locus Robotics, maker of fulfillment-warehouse robots, was already growing fast thanks to the rise of e-commerce. Then Covid hit, speeding its revenue enough to make it the number one company on this year’s Fast 50 list. Read More
Read MoreAt NirvanaHealth, good timing, tech led to growth
Instead of worrying about its business possibly shrinking as a result of the pandemic, the pharmacy-benefits platform provider’s main concern last year was managing its spectacular revenue growth. It ended the year at in #2 on this year’s Fast 50 list. Read More
Read MoreFast 50 2021: These are the fastest-growing Mass. companies, ranked
The Boston Business Journal reveals its rankings for the Fast 50, the fastest-growing private companies in Massachusetts. Read More
Read MoreRaytheon CEO confirms plans to cut ‘about 25%’ of its real estate footprint
The Waltham-based defense contractor has a 32 million-square-foot footprint of facilities. Read More
Read MoreEditorial: Municipal leaders shouldn’t extend mask mandates
Municipal leaders and local boards of health ought to resist pressure to extend the mask mandate beyond the state’s restrictions. Doing so creates even more confusion among residents and consumers, with conflicting mandates in different cities and towns, frustrating attempts to get the economy back on track. Read More
Read MoreWith $150M from SoftBank, Formlabs CEO says of going public: ‘Not today’
Desktop Metal Inc. in Burlington and Markforged Inc. in Watertown, two of the three largest 3D printing companies based in Massachusetts, have recently been in the news after opting to go public via a special purpose acquisition company, or SPAC. But the third of those companies, Somerville-based Formlabs Inc., has declined to talk with the…
Read MoreBerkshire Bank’s new CEO outlines what’s next for lender
After a strategic review, the Boston-based bank intends to lend more to small businesses, strike new partnerships with financial services technology firms, and close more branches, according to CEO Nitin Mhatre. Read More
Read MoreReport: Raytheon’s lobbyists are giving to Congress despite firm’s pledge after Capitol riot
Raytheon Technologies, regularly a top corporate lobbying spender nationally as a major defense company, is among firms whose funds have quietly returned to members of Congress after pledging to reassess donations after the Jan. 6 Capitol attack. Read More
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