Northeast

MassDevelopment said it invested $2.3 billion in businesses, nonprofits, and communities in fiscal 2013, with an emphasis on the northeastern part of the state.

Fitch Ratings downgraded the Long Island Power Authority's senior revenue bonds to A-minus from A.

A thumbs-up from Standard & Poor's validates the Lehigh County Authority's concession agreement with Allentown, Pa., said executive director Aurel Arndt.

Massachusetts Treasurer Steven Grossman hired Marvin Venay as deputy director of governmental affairs.

Lincoln Chafee, who said he would not seek re-election as Rhode Island governor, urged state officials to keep working with the Ocean State's cities and towns.

Lincoln Chafee's stunning announcement that he would not run for re-election as Rhode Island governor throws the 2014 gubernatorial race into a tizzy.

Connecticut Gov. Dannel Malloy signed legislation creating a $200 million bioscience innovation fund, which will invest through grants, equity investments, loans and loan guarantees.

State Rep. Joseph Shekarchi wants half of any Rhode Island budget surplus to go to cities and towns, which he says would help upgrade bond ratings.

Connecticut received a $10 million federal TIGER grant to build a second platform at New Haven's State Street Station, which state officials say will minimize delays.

Ample cash reserves enabled Boston to offset sluggish growth in revenue relative to expenditures in recent years, according to Morningstar.