Worcester Business Journal

February 18, 2019

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wbjournal.com | February 18, 2019 | Worcester Business Journal 3 Worcester Business Journal (ISSN#1063-6595) is published bi-weekly, 24x per year, including 4 special issues in May, September, October, and December by New England Business Media. 172 Shrewsbury St., Worcester, MA 01604. Periodicals postage paid at Worcester, MA. Copyright 2019. All rights reserved. Postmaster: Please send address changes to: Worcester Business Journal, PO Box 330, Congers, NY 10920-9894. Subscriptions: Annual subscriptions are available for $54.95. For more information, please email wbjournal@ cambeywest.com or contact our circulation department at 845-267-3008. Fax: 845.267.3478 Advertising: For advertising information, please call Mark Murray at 508-755-8004 ext. 227. Fax: 508-755-8860. Worcester Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Worcester Business Journal 172 Shrewsbury Street, Worcester, MA 01604 508-755-8004 tel. • 508-755-8860 fax www.wbjournal.com A division of: Worcester Business Journal WBJ I n February and March 2018, Worcester Business Journal ran a six-part, award-winning series called e Boardroom Gap, where we examined the gender break- down in the executive suites and boards of directors at 75 prominent Central Mas- sachusetts business organizations, finding the region lagged behind in having wom- en in leadership positions. is year, we wanted to do a follow-up to that investigation, to see what progress – or the lack thereof – had been made in a year. But rather than focus solely on this one report, WBJ decided to look more wholly at trends surrounding women in positions of power and launched our first ever Women in Leadership edition. is focus is a complement to our Outstanding Women in Business awards edition, which has come out in the autumn for the last 10 years, but rather than looking at the successes of six individuals who win those honors each year, this Women in Leader- ship edition takes a much larger scope. First off, flip to pages 12-17 to see News Editor Grant Welker's excellent follow-up to last year's e Boardroom Gap coverage. By again examining nearly 1,600 executives at 75 prominent Central Massachusetts organizations, he found the region now is slightly more inclusive of having women in positions of power. Women now make up 35 percent of exec- utive suites and boards of directors – an increase of 2 percentage points from last year – although the gender pay gap among executives widened. On pages 8-9, Staff Writer Zachary Co- meau dives into his one of his two favorite topics, beermaking (the other is marijuana), to find while men still own the majority of the region's breweries, women are represent- ed in almost equal numbers in the employee base and the state's female industry associa- tion is the largest in the country. For pages 10-11, I dusted off my old reporter's notebook to write a story about five Worcester entrepreneurs who have created a business and emotional support network entirely through an exclusive group text, which has helped them grow their high-profile companies. Writing about women in leadership cer- tainly is never limited to one WBJ edition per year. It is part of our year-round cover- I N T H I S I S S U E age of the Central Massachusetts economy, but with each biweekly issue, we like to focus on one topic of special importance to the region. And Women in Leadership is one important topic. - Brad Kane, editor W DOES YOUR COMPANY'S RETIREMENT PLAN STACK UP? As a plan sponsor, don't let your fiduciary responsibility get hung up solely on fees. Our ar cle on benchmarking can help you discover why periodically reviewing your plans is an important step to take to ensure they con nue to be relevant to your company and its employees. Let our experts show you how your defined contribu on plan ranks against similar plans with a FREE benchmarking report. Learn more at hhconsultants.com/benchmarking NEWS & ANALYSIS DEPARTMENTS 4 Central Mass. In Brief 5 Flash Poll 8 Focus on Women in Leadership 18 The List: Ad & marketing communications firms 20 The Rainmaker 21 Know How 22 Movers & Shakers 24 Photo Finish 25 Opinion 26 Shop Talk: Karen Spinelli, Spinelli CPAs 8 Pink boots brewing The Massachusetts brewing industry is among the national leaders in woman participation. 12 Narrowing The Boardroom Gap In a follow-up to its 2018 investigation, WBJ found Central Mass. businesses slightly improved their inclusion of women in leadership. Our first Women in Leadership edition Editor, Brad Kane, bkane@wbjournal.com News Editor, Grant Welker, gwelker@wbjournal.com (Real estate, higher education, health care) Staff Writer Zachary Comeau, zcomeau@wbjournal.com (Manufacturing) Contributors Susan Shalhoub, Livia Gershon, Sarah Connell Research Director, Stephanie Meagher, smeagher@nebusinessmedia.com Research Assistant, Heide Martin, hmartin@nebusinessmedia.com Production Director, Kira Beaudoin, kbeaudoin@wbjournal.com Art Director, Mitchell Hayes, mhayes@wbjournal.com Senior Accounts Manager Matt Majikas, mmajikas@wbjournal.com Senior Accounts Manager Christine Juetten, cjuetten@wbjournal.com Senior Special Accounts Manager Mary Lynn Bosiak, mlbosiak@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com Distribution and Database Coordinator A Guide to STUFF, a publication of New England Business Media Patty Harris, pharris@nebusinessmedia.com COO, Mary Rogers, mrogers@nebusinessmedia.com Accounting Manager, Valerie Clark, vclark@nebusinessmedia.com Accounting Assistant, Rae Rogers, rrogers@nebusinessmedia.com Collections Manager, Raki Zwiebel, rzwiebel@nebusinessmedia.com Human Resources, Jill Coran, jcoran@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com President, Joseph Zwiebel jzwiebel@nebusinessmedia.com

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