Worcester Business Journal

6 Worcester Business Journal | November 25, 2019 | wbjournal.com A young visitor participates in a demonstration at Old Sturbridge Village. T H E T I C K E R 136 rooms Size of the Residence Inn by Marriott in Natick, which opened in November. It is managed by Colwen Management Inc., which also operates the AC Hotel by Marriott in Worcester. Sources: XSS Hotels & National Development The prices, respectively, of four packs of cans of Redemption Rock Brewing's War Castle and Three Decker, the first time the Worcester brewery has sold beer to be consumed offsite. $16 & $14 Source: Redemption Rock Brewing Co. 2.9% Source: Mass. Executive Office of Labor and Workforce Development The Massachusetts unemployment rate in October, which is unchanged for the last four months and lower than the 3.6% national rate Third-quarter operating loss for Worcester insurer Fallon Health, as membership has dropped 2.4% from its record high at the end of 2018 $20.2 million Source: Fallon Health Hologic sells $1.65B subsidiary for $205M Marlborough medical technology company Hologic has agreed to sell its medical aesthetics unit Cynosure for $205 million to an affiliate of investment funds managed by New York private equity company Clayton, Dubilier & Rice. Ho- logic acquired Cynosure for $1.65 billion in February 2017, and CEO Stephen MacMillan said the unit significantly underperformed expectations. Canal District parking to be remade with $3.5M A $3.5-million MassWorks infrastruc- ture grant will transform the General Pickett parking lot on Green Street into what officials said will be a gateway to Worcester's planned Polar Park baseball stadium. e triangle-shaped site off next to the raised railroad track overpass will be remade with new paving and side- walks and be available for retail, food and entertainment uses. e lot will include a decorative water feature in tribute to the old Blackstone Canal. Central Mass. tourists spent $626M in 2018 Visitors to Worcester and the surround- ing 35 communities spent $626 million in the region last year, according to a report from local tourism agency Discover Cen- tral Massachusetts, which said between 2014 and 2018, visitors to the region in- creased their spending by 20.3%, beating the Massachusetts average of 17.8%. e spending in 2018 by travelers who came to Central Massachusetts from 50 or more miles from their homes, or who stayed overnight in paid accommoda- tions, supported 3,741 jobs and generated $14 million in local taxes and $32 million in state taxes. Continued from Page 5 B R I E FS There is essential, life-saving work going on right here in Worcester. Your organization should be a part of it. Making our community stronger. Making our community healthier. Making a difference. 11th Annual - Friday, Dec. 6, 2019 You can become a sponsor TODAY. (Tables are filling up fast!) www.umassmed.edu/winterball

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