Worcester Business Journal Special Editions

Economic Forecast 2019

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www.wbjournal.com • Worcester Business Journal • 2 019 Economic Forecast 11 List toppers C LLABORATION great care begins with Collaboration WBJ banner ad 9X1.5.indd 1 11/15/2018 4:29:30 PM ECONOMIC FORECAST 2019 List toppers Top ranked companies, individuals and projects across industry sectors List Top ranked Location Ranking criteria Banking & Finance Banks Bank of America Worcester $5.2 billion in local deposits Credit unions Digital Federal Credit Union Marlborough $8.3 billion in assets SBA lenders Eastern Bank Natick $57 million loans issued in fiscal year 2017 Education Colleges and universities Worcester Polytechnic Institute Worcester 5,371 full-time students, fall 2018 Private schools St. John's High School Shrewsbury 889 students, fall 2018 General Interest Highest paid executive The TJX Cos. Inc. Framingham Ernie Herrman, $16,880,171 in total compensation in 2017 Incubators, co-working places & makerspaces Massachusetts Biomedical Initiatives (MBI) Worcester 30 incubating companies Largest employer UMass Memorial Health Care Inc. Worcester 13,745 employees in Central Mass. Health Care Adult day care centers Aging Well Adult Day Health Center Marlborough 192 client capacity Inpatient & residential behavioral health centers Worcester Recovery Center and Hospital * Worcester 320 beds Hospitality Brewers Wachusett Brewing Co. Westminster 70,000 annual barrels Caterers Peppers Artful Events Northborough 172 employees in Central Mass. Entertainment & sporting venues Fidelity Bank Worcester Ice Center Worcester 700,000 visitors in 2017 Manufacturing & Technology Biomedical companies Sanofi Genzyme ** Framingham 1,800 employees in Central Mass. Clean energy companies CLEAResult Inc. *** Westborough 312 employees in Central Mass. Professional Services Advertising & marketing firms Davis Advertising **** Worcester $30 million in annual gross billings Commercial cleaners National Facility Services Inc. Boylston 200 employees in Central Mass. IT service providers Advans IT Services Inc. Marlborough $23 million in annual revenue Real Estate Architects Lamoureux Pagano & Associates Inc. Worcester 8 licensed architects in Central Mass. Wealthiest zip codes in Central Massachusetts Sherborn 01770 Sherborn Ranked 4th statewide out of 488 zip codes These organizations topped their respective lists as published in the Worcester Business Journal during calendar year 2018. * Part of Commonwealth of Massachusetts Department of Mental Health ** Sanofi Genzyme is the specialty care global business unit of Sanofi. *** CLEAResult, based in Austin, Texas, purchased the assets of Westborough's Conservation Services Group in 2015. **** On July 14, 2016, merged with Providence-based Community Bank Marketing Solutions; firm continues to operate out of Worcester under the same name. - Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com Top ranked companies, individuals and projects across industry sectors These organizations topped their respective lists as published in the Worcester Business Journal during calendar year 2018. * Part of Commonwealth of Massachusetts Department of Mental Health ** Sanofi Genzyme is the specialty care global business unit of Sanofi. *** CLEAResult, based in Austin, Texas, purchased the assets of Westborough's Conservation Services Group in 2015. **** On July 14, 2016, merged with Providence-based Community Bank Marketing Solutions; firm continues to operate out of Worcester under the same name. - Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com

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