State, national economies due to keep growing

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By Deirdre Fernandes Welcome to 2016: like last year, or maybe, a tad better. The US and Massachusetts economies are on track to repeat their 2015 performance, with wages growing, consumer spending increasing, and unemployment ticking down this year, economists predicted. “We will see a slightly better economy in 2016,’’ said Nariman Behravesh, chief economist […]

New threads invigorate Mass. textile industry

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By Steve Maas, Globe Correspondent At a New Bedford factory, 800 union workers, assisted by technology unheard of two decades ago, produce 1,300 designer suits a day. In Shirley, a 100-year-old company is pioneering bonding techniques to make clothing without needle and thread. In a Jamaica Plain kitchen, a former nonprofit administrator dyes yarns in […]

Boston ranked No.1 city empty nesters will flock to in 2016

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By Megan Turchi, Boston.com staff In a new ranking, Realtor.com named Boston as the city people aged 65 to 74 will most likely want to live in 2016. The home-buying site said this age demographic, most likely to be full of empty nesters, is expected to make up the third largest segment of homebuyers in […]

Tyngsboro told to market itself

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By Amelia Pak-Harvey, Lowell Sun Tyngsboro will need to improve its marketing skills and speed up its permit-review process to boost economic development, according to a recent study by the Northeastern University Dukakis Center for Urban and Regional Policy. Yet in other areas, the town enjoys certain strengths that could attract businesses — including its proximity […]

For The First Time, Greater Boston Condo Prices Equal Single-Family Homes

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By Jim Morrison  For the first time in the region’s history, the median sale price of a single condo unit in Greater Boston is virtually equal to the median sale price of a single-family home. “It tells a mammoth story about the change in demand of the type of housing people are seeking,” said Barry […]

Massachusetts bet $1 billion on life sciences: Its new governor is rethinking that strategy

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By REBECCA ROBBINS, STAT Massachusetts officials are holding up tens of millions of dollars in funding for infrastructure projects aimed at boosting the booming life sciences sector in the state. The state has doled out an average of more than $50 million annually over the past seven years to support projects like a powerful next-generation microscope at the University […]

Westford aces economics

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By Melissa Hanson, mhanson@lowellsun.com When it comes to economic development, Westford has one of the strongest municipalities in the state, according to an analysis of economic growth and opportunity completed through Northeastern University, with a multitude of strengths and its main weakness in the timeliness of town approvals. The Economic Development Self-Assessment Tool, from the […]

Development costs cripple both builders and buyers

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By Jennifer Smith, Dorchester Reporter Staff As the already-high cost of development in Boston continues to rise, it is threatening to eclipse the possibility of a stable Greater Boston housing market, according to the Boston Foundation’s 2015 report card, which was released last Friday. Unless the city becomes more welcoming to higher-density building, housing in the […]

Soaring Boston construction costs holding back middle-class housing development

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By Kim Slowey Dive Brief: The Boston Foundation’s Greater Boston Housing Report Card for 2015 found that, although Boston is enjoying a luxury housing boom, area construction costs are too high to make building middle class housing feasible, WBUR reported. Despite a median household income of $58,000 in Boston, the report said it takes an income of […]

Olympic legacy, in 3 boxes

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By Shirley Leung, The Boston Globe  If you want to know more about the good, the bad, or the ugly about Boston 2024, seek out Northeastern University economist Barry Bluestone. A few weeks before Boston pulled the plug in July on its improbable bid to host the Summer Games, Bluestone was named the co-chair of Boston 2024’s Legacy Committee. As such, he […]

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