Category: Business & Technology
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Legacy Manufacturer Bellwater Steel & Fastener Cuts 85 Jobs
Bellwater Steel & Fastener Co. is laying off 85 workers, roughly a quarter of its remaining workforce, citing declining orders and competition from automated out-of-state producers.
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A Failed Trial Result Forces Ridgeline Therapeutics to Cut Its Bellwater Workforce
Ridgeline Therapeutics is cutting 45 jobs after its lead drug candidate failed a mid-stage clinical trial, a setback that tempers Foundry Row’s steady biotech growth narrative.
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Fourteen Startups Join Forge Bellwater’s Biggest Cohort
Forge Bellwater has admitted 14 companies to its Foundry Row incubator, its largest cohort yet, spanning biotech, green-energy hardware and the incubator’s first AI-focused startup.
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Bellwater Turbine Works Signs Its Largest Contract Yet for Offshore Wind Parts
Bellwater Turbine Works has signed a $92 million contract to supply components for an offshore wind project, its largest order yet, and says it will need dozens of new hires to fulfill it.
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Steelworkers Local Disputes Company’s Account of Fastener Plant Layoffs
Wentworth County Steelworkers Local 411 is demanding a meeting with Bellwater Steel & Fastener management after this week’s layoffs, saying the company rejected an alternative cost-saving proposal.
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City and Kestrel Biologics Strike Deal on Foundry Row Parking Garage
The city and Kestrel Biologics will split the cost of a 600-space Foundry Row parking garage tied to the biotech firm’s hiring surge, a deal some residents say undercuts the neighborhood’s new transit line.
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Foundry Row Is Running Out of Lab Space, and Biotech Firms Are Feeling It
Wet-lab vacancy in Foundry Row has fallen below 4 percent, a shortage that biotech executives say is already complicating expansion plans and pushing some companies to consider sites outside Bellwater.
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Bellwater Turbine Works Launches Apprenticeship Program to Fill Open Jobs
Bellwater Turbine Works is launching a paid apprenticeship program with Bellwater Community College to fill roughly 25 welding and quality-control positions it says it cannot hire for fast enough.
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Forge Bellwater Incubator Adds Second Floor as Demand for Space Grows
Forge Bellwater is adding a second floor of space at its Foundry Row incubator, nearly doubling its footprint after a year-long waiting list for bench space.
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Forge Bellwater Wins State Grant to Expand Green-Energy Startup Support
Forge Bellwater will use a $1.8 million state grant to launch a dedicated green-energy startup track, an effort to diversify a Foundry Row startup scene that has leaned heavily on biotech.