Bussiness

Massachusetts cannabis equity businesses get state money after years of waiting

Cannabis social equity businesses are finally set to see an infusion of state money after years of waiting. The Healey-Driscoll administration announced Tuesday that 50 grants, ranging from $20,000 to $50,000, have been distributed to Massachusetts cannabis businesses through the Cannabis...

The grant program that’s bringing diversity to Boston’s storefronts

Becoming an entrepreneur is hard enough. How about paying Boston lease prices? That’s another challenge entirely. Despite how costly a storefront can be, the city of Boston offers grant program aims to bring back commercial storefront activity in areas affected...

Largest office-to-housing proposal downtown wins BPDA approval

The Boston Planning and Development Agency board on Thursday approved the largest office-to-residential conversion to date in the city’s program to incentivize the creation of more housing downtown and in surrounding neighborhoods. KS Partners got the go-ahead to convert the...

Boston-based Vertex makes $4.9B acquisition, largest in its history

Vertex Pharmaceuticals Inc. has agreed to buy a Seattle-based biotech developing a drug to treat kidney disease for $4.9 billion, the biggest acquisition in the Boston company’s history. The drug giant said on Wednesday after the close of markets that...

NY firm buys Back Bay Hilton hotel

The New York-based investment firm Certares and a partner are acquiring the 390-room Hilton Boston Back Bay from Ashford Hospitality Trust Inc. for $171 million, it announced Tuesday. Dallas-based Ashford had revealed in late February that it had an agreement...

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Boston Sports Legends Share Strong Honor At ‘The Tradition’

BOSTON — The Sports Museum inducted six more members Wednesday night to a number of familiar faces that shaped...