Business

Steph Solis
Sep 22, 2022 - Business

Massachusetts small business struggles persist

Illustration of an empty cash register with it's display flashing "HELP".
Illustration: Aïda Amer/Axios

Massachusetts small businesses owners say they're still struggling financially more than two years after the COVID-19 pandemic began, despite many receiving federal relief money.

Driving the news: More than half (53%) of small business owners said in a new poll they're bringing in less revenue now than before the pandemic.

Mike Deehan
Aug 26, 2022 - News

The future of Boston office work is hybrid

Illustration of an office chair moving from left to right, but slowing down and reversing before it gets all the way across the screen.
Illustration: Brendan Lynch/Axios

Workers prefer to come into the office just once a week — a trend that's expanding as the hybrid work model goes mainstream, our Axios What's Next colleagues write.

By the numbers: Workplace occupancy data company Basking, which tracks workers' comings and goings, found 50% of workers globally who visited the office in the second quarter of 2022 did so only once a week.

Mike Deehan
Aug 24, 2022 - Real Estate

Real estate expert sees challenges for Massachusetts economy

Photo illustration of John Fish.
Photo illustration: Lindsey Bailey/Axios. Photo: Boston Globe/Getty Images

Suffolk Construction owner John Fish sees an economy in flux, but he's bullish that Massachusetts can maintain its perch as a top economic state if it tackles its housing and transit problems.

State of play: Fish says one of the biggest liabilities for the state will be the MBTA, unless it can be kept in good repair.

Steph Solis
Aug 23, 2022 - Business

DavidsTea returns to Boston with pop-up shop

Two people sit at a long table inside a DavidsTea pop-up location, located on the second floor above the Lululemon on Newbury Street.
It’s always tea time. Photo: Steph Solis/Axios

DavidsTea quietly opened a pop-up shop earlier this month above the Lululemon in the Back Bay.

  • The limited-time pop-up marks the tea brand's first return to the U.S. market since the pandemic prompted the Montréal-based company to close its brick-and-mortar stores, spokesperson Flory Silverman told Axios.
Steph Solis
Aug 19, 2022 - News

State regulators solicit interest in sports betting licenses

A semi-circle of TV screens shot sports, news segments and more at the WynnBET sports bar inside the Encore Boston Harbor casino.
Encore Boston Harbor is waiting for the green light to take bets. Photo: Pat Greenhouse/The Boston Globe

Massachusetts regulators want to hear from casinos, sports books and other companies looking to jump into the state's nascent sports betting industry.

Driving the news: The Massachusetts Gaming Commission is accepting notices of intent through Aug. 31 from prospective license applicants.

Steph Solis
Aug 11, 2022 - Business

Everyday buys are getting more expensive in Boston

Data: Bureau of Labor Statistics; Chart: Simran Parwani/Axios

The latest Boston area pricing data confirm what our shrinking bank account balances show: Housing, food and energy costs are still too damn high.

By the numbers: The inflation rate for everyday expenses jumped 7.5% between May 2021 and May 2022, according to the Consumer Price Index for All Urban Consumers (CPI-U) — the highest annual increase since November 1981.

Steph Solis
Aug 10, 2022 - Business

Boston startup that analyzes biz reputations gets bought

Wallet with data coming out of it.
Ilustration: Rebecca Zisser / Axios

Kelp, a Boston-based startup that uses data and AI to help corporations track and improve their reputations, has been acquired by London-based Signal AI, the companies announced today.

Why it matters: The deal will help Kelp provide deeper insights for its clients, the companies said.

Steph Solis
Jul 15, 2022 - Business

Boston luxury hotel enters CBD massage market

A massage therapists' hands rest on his client's bare shoulders as he prepares to rub her back with CBD massage oil.
A Mandarin Oriental massage therapist applies Cause + Medic CBD oil to a woman’s back. Photo: Steph Solis/Axios

The Mandarin Oriental is taking high-end massages to the next level with new CBD treatments.

What's happening: The luxury hotel chain launched four spa treatments at its Boston location in partnership with Cause + Medic, a Colorado-based hemp-derived CBD brand.

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