Worcester Business Journal

April 17, 2023

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wbjournal.com | April 17, 2023 | Worcester Business Journal 7 YOUR HEALTH. YOUR LIFE. OUR PROMISE. No matter what life holds for you, we hold on to the belief that you should have access to the best care that medicine has to offer. That's why through good times, through bad times, through lifetimes, we're here. For everyone. ummhealth.org 855-UMASS-MD We're still adding jobs Unemployment is trending upward across the state and in Central Massachusetts. Statewide, the reported unemployment rate in February rose to 4.2%, nearing the February 2022 rate of 4.3%, in line with the trend across all metro areas in Central Massachusetts. When polled online, the majority of WBJ readers said their companies are not cutting their workforces, and the plurality of those respondents said they were looking to add positions. Has your company recently reduced the size of your workforce in response to market conditions, or are you considering doing so? F L A S H P O L L 13% 26% Yes, we have cut positions. Yes, we are considering eliminating some roles. No, we have not cut positions. No, we are not considering eliminating any roles. No, we are planning to add positions. Furnishings International in November that he would retire partly due to a shortage of labor and materials. e manufacturer was the last flock manufacturer in the United States, according to the article. Flocking is the process of adhering tiny fibers to a backing material to produce a so texture. A trust belonging to the Shah Family purchased the property in 1995 for $1.8 million. New England Wire Products' 215,000-square-foot headquarters is abutting the Scott Drive properties at 9 Mohawk Drive. A press contact for New England Wire Products has not responded to a request for information about whether NEWP will expand or move into the neighboring facility or will lease the space. New England Wire Products is a third-generation family-owned busi- ness founded in 1980. It has additional locations in Kingfield, Maine and Greensboro, Georgia, according to the company's website. Boston developer buys Framingham mixed-use block for $5M ree mixed-use properties in downtown Framingham, including the former Odd Fellows Hall, were sold to a Boston-based company for $5 million. e purchasing entity is registered to Boston-based Greenville Real Estate Group owner Alexander Kuritnik. An inquiry to Greenville Real Estate Group about plans for the property was not answered. On its website, Greenville describes itself as a real estate devel- opment and property management company, and its portfolio includes the 181-apartment complex e Onyx in Lynn and the 40-condominium complex Union Square Residences in Somerville. e developer purchased 40, 56, and 70 Hollis St. on March 31 from Hollis Street Trust, according to the Middlesex South Registry of Deeds. e properties were acquired in 1970 and 1981 by Hollis Street Trust. e seller was represented by Ryan Benton, Dennis Kelleher, and John Pentore of Lynnfield-based Horvath & Tremblay, who also procured the buyer to complete the transaction. Hollis Street in Framingham 15% 17% 28% W

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