Issue link: https://nebusinessmedia.uberflip.com/i/1542210
22 Worcester Business Journal | December 29, 2025 | wbjournal.com Member FDIC Located in Worcester County. Supporting Worcester County. For more information, contact: Bob Paulsen Commercial Banking Center Manager 100 Front Street | Worcester, MA 01608 Cell: 508.254.8582 Robert.Paulsen@RocklandTrust.com Commercial Banking & Lending Treasury Management Services Investment Management Solutions* * Not Insured by FDIC or Any Other Government Agency. Not Rockland Trust Guaranteed. Not Rockland Trust Deposits or Obligations. May Lose Value. and wish him all the best in his next endeavor." Laughlin most recently served as chief operating officer for Indiana-based lighting equipment manufacturer Group Dekko. Look has previously served as chief information officers for North Caroli- na-based pumping equipment company Hayward Holdings, while Jon-Michael Raymond comes to L.S. Starrett from Wisconsin-based sorbent manufacturer FyterTech Nonwovens, where he served as global sales and marketing senior vice president. "e other newly created positions of Global Chief Information Officer, Chief Revenue Officer, and Chief Operating Officer will position L.S. Starrett for the future as we continue to make significant investments in people, processes, and resources to grow and perform as the best tool makers in the world," Paterson wrote. e new executives will be based out of Starrett corporate headquarters in Athol. ey will focus on continuous improvement, growth and innovation, according to the press release. L.S. Starrett became privately-held again last year aer a 37-year stint as a public company, following a merger with MiddleGround Capital, a Ken- tucky-based private equity firm founded in 2018 and investing in manufacturing and specialty distribution companies. L.S. Starrett had been traded on the New York Stock Exchange, with shareholders receiving $16.19 per share when the merger was finalized in June. WBDC rebrands former Saint-Gobain property, largest revitalization project in its history e Worcester Business Development Corp. has branded the 51 acres of the former Saint-Gobain Abrasives southern campus in Worcester, as the nonprofit works to revitalize the area into devel- opment-ready sites designed to attract advanced manufacturing companies. e site now will be known as Green- Tech Park, according to a March 19 press release from WBDC. Previously underutilized campus space, GreenTech Park was purchased by WBDC in November 2022 as part of its Greendale Revitalization Initiative, an effort between the WBDC and the City of Worcester to revive the city's Green- dale neighborhood. e redevelopment project includes demolishing the land's more than 40 buildings and upgrading infrastructure to make way for pad-ready sites ranging from 50,000 to 450,000 square feet, designed to attract advanced manufac- turing and create jobs. In total, Green- Tech Park will offer more than 850,000 square feet of manufacturing space to the city. "is is the largest project in our 60- year history and marks a transforma- tional moment for the WBDC," Craig Blais, WBDC president, said in the release. "GreenTech Park represents our commitment to creating development opportunities that focus on sustainabil- ity, resiliency, and the future of manu- facturing in Worcester. is is a crucial step in attracting the next generation of industry leaders to our region." WBDC has already demolished approximately 75% of the property's ob- solete buildings. Once all are removed, the nonprofit will move onto the second phase of redevelopment, including con- structing new roadways and upgrading public utilities like water, sewer, and drainage systems. In October, the redevelopment proj- ect received a $2.6-million grant from the U.S. Department of Commerce to support upgrades to roadways, telecom- munications infrastructure, drainage systems, and utilities. e funds are expected to create more than 2,900 jobs, retain 320 jobs, and generate $20 mil- lion in private investment, according to the WBDC's nonprofit subsidiary New Garden Park. In October 2022, just before the official purchase, the City of Worcester and WBDC received a combined $1.75 million in grants for the project from the state's Community One Stop for Growth program. At the time of the purchase, Saint Gobain said had been weighing options for redeveloping the underutilized space for years. Commonwealth Fusion inks $1B power deal with longtime shareholder after $863M fundraising round Aer inking a similar deal with Goo- gle in June, Commonwealth Fusion has signed a power purchase agreement with a longtime investor for more than $1 billion aer a new fundraising round saw CFS raise $863 million in August. Like its agreement with Google, CFS' power oake agreement with Italian-based energy firm Eni sees the company agree to supply Eni with power for its 400-megawatt ARC fu- sion power plant planned for Chester- MANUFACTURING Continued from previous page Warehouse Storage For Rent Asset Management Program Office and Lab Moving WE KNOW STORAGE!!!! thestoragecompany.com