Bussiness

Eli Lilly opens new $700M Boston genetic medicine innovation hub

The world’s largest pharmaceutical company, Eli Lilly and Company, is bringing about 700 biotech workers into the Seaport area after it officially opened its new research and development facility in Boston on Tuesday.Located at 15 Necco St. in the...

South Boston businesses weigh risks and rewards amid Dan River flooding challenges

SOUTH BOSTON Va. (WSET) — On Saturday night, the Dan River is expected to crest in South Boston around 8 p.m. Town leaders don't expect it to flood the Riverdale area this time, but for years we've been covering...

BBJ Editorial: Beacon Hill’s dysfunction is hampering our economy – MassBio

The following is an excerpt of a Boston Business Journal editorial dated August 7, 2024: A little more than a month ago, we predicted in this space that the backlog of major, crucial bills that piled up toward the...

Here’s how many layoffs Steward Health Care plans in Mass.

Steward Health Care told the state that it plans to lay off 1,243 employees at two hospitals it plans to close, with most of the cuts in Boston. At Carney Hospital in Dorchester, the layoffs will impact 753 employees. In...

Boston’s property tax drama isn’t over. It’s entering a new chapter

In the frantic, not-so-productive final hours of this year’s formal legislative session, the Massachusetts Senate did not take up Boston Mayor Michelle Wu’s proposal to authorize the city to temporarily shift more of the property-tax burden onto commercial landlords. That...

Boston planning chief to step down next month

Arthur Jemison, the city of Boston’s head of planning and development, revealed Thursday that he would step down from the role in September to move back to Michigan with his family. Mayor Michelle Wu tapped Jemison, a former high-ranking housing...

Wayfair to open second branded store next year

About three months after opening its first branded store in the Chicago area, Wayfair said it's working on its next one. The Boston-based online retailer of home furniture posted its financial results for the second quarter on Thursday, just days...

Boston tax shift, other bills still in limbo Thursday morning

Most of the key business-related bills before the state legislature were still in limbo as of Thursday morning, including Boston Mayor Michelle Wu's proposal to shift more property taxes onto commercial owners in coming years. On Tuesday, the Massachusetts House...

East Boston business owners upset entertainment space took over key parking spots

BOSTON - A temporary entertainment space for seasonal and youth programming went up in Day Square in East Boston. The space took up key parking spaces, and now have business owners concerned over the traffic issues it may cause.11...

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