Economy

By Colin A. Young State House News Service The signs of spring are all around: the days are getting warmer, baseball is back, and Massachusetts home prices are setting records as demand continues to significantly outpace the inventory of houses for sale. The real estate analysts at The Warren Group …

“NEW BEDFORD – A leading credit rating agency has affirmed the City’s credit rating, pointing to New Bedford’s effective leadership and strong economic prospects. Standard & Poor’s recently awarded New Bedford a AA+/Stable long term enhanced rating and affirmed its AA-/Stable underlying rating, giving the City high marks for financial …

By Sam Drysdale State House News Service Gov. Maura Healey has frequently pointed to getting more migrants authorized to work as a key step in moving people out of the state’s overwhelmed emergency family shelter system, but the number of new arrivals who have work authorizations has stagnated since December. …

Just imagine that you have been waiting in line at your local Wendy’s during the lunch rush, but when you pull up to order everything on the menu is a dollar more than usual. That scenario may soon become real, because Wendy’s plans on testing surge pricing that will increase …

By Colin A. Young State House News Service From the edge of the Atlantic Ocean in Lynn to the state’s western border in Richmond, people in Massachusetts are letting the state know how they feel about wallet-busting energy bills. “I struggle to pay my bills, my electric runs $250 a …

According to a new report produced by the Regeneration Project Committee of the New Bedford Economic Development Council (NBEDC), New Bedford’s population has been steadily growing twice as fast as new housing units. Per the NBEDC: “Between 2010 and 2020, the number of households in New Bedford grew by 7.8% …

By Sam Drysdale State House News Service Months after a coalition of regional business chambers warned Beacon Hill politicians to rein in spending, Gov. Maura Healey pitched her new state budget recommendation to members of the state’s business community on Thursday as “balanced” and “responsible.” The governor’s budget, unveiled on …

Massachusetts Governor Maura Healey filed a bill on Monday that would allow cities and towns to increase taxes on meals, lodging, and vehicles. Per Boston.com: “The bill gives municipalities the option to increase their hotel, motel, and other rental tax from 6% to 7% (or half a percentage higher for …

According to data provided by Redfin Real Estate, single family home sales were down over 50% in New Bedford this past December, and that statistic is not an anomaly. One would have to believe that record high inflation and high interest rates played a major role in this scenario. When …

Elon Musk recently brought the “migrant housing” issue in Massachusetts to the attention of 38 million people on ‘X,’ formerly known as ‘Twitter.’ Musk shared a video of Lieutenant Governor Kim Driscoll asking Massachusetts residents to host undocumented migrants in their homes and properties. New York City just forced kids …