economy
Somerville Theatre sold to current managers
The future of the Somerville Theatre came into clear focus today when it was announced that ownership of the Hobbs Building, which houses the historic theater, was transferred to CSB Theatres, Inc. Read more Cambridge unveils housing development dashboard CSB is co-owned by longtime theater managers Ian Judge, Ian Brownell, Jamie Mattchen and John O’Leary. […]
Somerville income growth highest in Mass.; prosperity has its own problems
Somerville hasn’t been Slummerville in a while, but now the city’s median household income is higher than Cambridge’s, according to recent data from the U.S. Census Bureau. Driving that shift: Somerville’s median household income grew faster than any Massachusetts municipality with at least 20,000 residents from 2014 to 2024. Read more City council urges MWRA […]
Eversource CEO says he expects Healey to lessen utility criticism post-election
As Gov. Maura Healey has sought to tackle soaring energy costs in an election year defined by cost-of-living issues — and increasingly attacked the utility companies for “greed” and corporate profits at the expense of ratepayers — the top executive at the state’s largest electric and gas company doesn’t sound too concerned with the rhetoric […]
Lamplighter plans to shift brewery ownership to employee ownership trust
Workers at Lamplighter Brewing Company say they feel cautiously optimistic about what the company’s planned ownership shift, announced earlier this week, will mean for them. On Monday, co-owners and co-founders Cayla Marvil and AC Jones said they were transitioning ownership of the company to an employee ownership trust, whose role would be to benefit employees. […]
Anthropic announces expansion in Cambridge after ex-employee critsizes AI companies
Anthropic, the AI research and development company that produces the popular chatbot Claude, is deepening its roots in Cambridge. The San Francisco-based corporation announced on Tuesday that it will lease 24,000 square feet of office space at the One Kendall Square office complex for long-term use, according to a statement first obtained by The Boston […]
More homes hit Cambridge market as sales rise and prices hold steady
“I’m not ready to say that it’s a buyer’s market…yet,” said Joselin Malkhasian, president of the Greater Boston Association of Realtors, remarking on real estate trends in Cambridge this year as more homes have come up for sale while prices remain relatively stable. Read more MIT doctoral student wins $10,000 award for algorithm implemented by […]
China’s boom in Biotech brings debate to Cambridge
Some of the biggest names in biotech debated China’s impact on biotech and what it means for the United States on Aug. 6, in front of an audience that filled the first floor of MIT’s Koch Institute building. Read more Fermentation fanatics prep for second annual festival in Somerville The event, organized by biotech publication […]
Cambridge, Somerville climate tech incubators receive state grants
Four Cambridge and Somerville climate technology incubators received over $1.3 million in Innovation Ecosystem Program grants to support initiatives that advance climate tech startups through commercialization. Read more Cambridge honors saxophonist Johnny Hodges Cambridge-based incubators Activate Global and The Engine as well as Somerville’s FORGE and Greentown Labs each received $120,000. Activate and Greentown also […]
Wellness startup to launch product for Long COVID symptoms
Fatigue, shortness of breath and brain fog. These are just some of the symptoms that people with the condition known as Long Covid deal with on a regular basis. Now, a startup from a Tufts alumna hopes that its herbal pill will offer much-needed relief. Read more The fifth ‘Nice, a fest’ coming to Davis […]
Cambridge housing does follow economic laws
In a recent letter to the editor, resident Sam Christy alleged that increasing the supply of housing in our city will not help to bring down the cost of housing. Read more Small businesses face 13% health insurance increase To suggest that the laws of economics — namely supply and demand — do not function […]