Archive for December 2023
Raytheon division wins piece of $20M deal
A major U.S. defense contractor has been awarded a $20 million Navy deal that will benefit its subsidiary’s local facility. The contract will bring more defense work into the region and could create more jobs. Read More
Read MoreBoston brokerage acquires Florida-based insurance agency
Boston-based Risk Strategies acquired Setnor, Byer, Bogdanoff, Inc., which does business as Setnor Byer Insurance & Risk, on Dec. 21 for an undisclosed price. Read More
Read MoreYear in Review: Here are the top stories in Boston-area life sciences in 2023
From new drugs to treat Alzheimer’s disease and sickle-cell anemia to a flagging IPO market, here are five of the biggest stories in the Boston-area life sciences sector. Read More
Read MoreClearMotion secures $1B production order from Chinese EV maker
The deal means that after about 10 years in development, ClearMotion’s technology to improve the in-car experience for drivers and passengers is headed toward production. Read More
Read More‘We took the Financial District for granted’: Lack of office workers leaves restaurant in the red
Lingering challenges with remote office work policies is driving downtown Boston’s Villa Mexico Cafe to its first year in the red in 24 years of operation. "We cannot in good faith continue to rely on walk-in business, because it’s just not enough," Bessie King told the Business Journal. Read More
Read MoreNeedham Bank gets approval to go public before year’s end
The IPO caps off an eventful year in which Needham pursued converting from depositor-held to publicly traded despite upheaval in the banking industry. Read More
Read MoreMigration, fewer deaths fuel small Mass. population increase
Massachusetts was one of 11 states that saw its population bounce back and grow this year after posting a decline in 2022, the U.S. Census Bureau said last week. Read More
Read MoreJudge denies Shannon O’Brien’s motion to be reinstated as cannabis chair
A closed-door hearing will now be held between Shannon O’Brien and Treasurer Deb Goldberg to decide her future with the Cannabis Control Commission. Read More
Read MoreBoston firm seeks to raise $150M+ to buy hotels, make them greener
The investor intends to swap out fossil fuel systems for electric alternatives, and to take other steps like using efficient lighting and appliances and installing on-site solar energy systems. Read More
Read MoreAlexandria sells South Boston sites for barely half $169M purchase price
The E Street self-storage and industrial properties had been slated to become part of a million-square-foot life sciences campus. Read More
Read More