Worcester Business Journal

November 9, 2020-Fact Book

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wbjournal.com | November 9, 2020 | Worcester Business Journal 3 Editor, Brad Kane, bkane@wbjournal.com News Editor, Grant Welker, gwelker@wbjournal.com (Higher education, health care, real estate) Staff Writer, Monica Busch, mbusch@wbjournal.com (Manufacturing, equality & inclusion) Editorial Intern Aliya Larkin, alarkin@wbjournal.com Contributors Susan Shalhoub, Livia Gershon, Sarah Connell Lead Researcher, Timothy Doyle, tdoyle@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 Christine Juetten, cjuetten@wbjournal.com Senior Special Accounts Manager Mary Lynn Bosiak, mlbosiak@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com COO, Mary Rogers, mrogers@nebusinessmedia.com Accounting Assistant, Rae Rogers, rrogers@nebusinessmedia.com Account Receivable Specialist, Patty Harris, pharris@nebusinessmedia.com Human Resources, Jill Coran, jcoran@nebusinessmedia.com Director of Audience Development, Valerie Clark, vclark@nebusinessmedia.com Operations Assistant, Leah Allen, lallen@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com President, Tom Curtin tcurtin@hartfordbusinessjournal.com 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 2020. 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 $60.00. 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 Worcester Business Journal WBJ FACT BOOK A division of: 4 Walking Main Street .......................... 4 Central Mass. communities – including Webster, Westborough and Leominster – are seeking a revival of their downtown shopping districts. Data: Jobs & the economy ................11 ese charts show the fastest-growing jobs in Massachusetts and which industries are the largest in the state and region. e state of our malls .......................... 12 In a difficult time for retail, the malls around Central Massachusetts see different levels of success and failure. List & data: e biomedical industry ................. 18 A list of the top companies in one of the region's emerging industries, along with job growth and salary information on the biotech, manufacturing and healthcare industries. Drop in dining ....................................... 23 Declining sales at Central Massachusetts restaurants over the last six months have led to business closures, layoffs & a 33% drop in restaurant tax collections for local governments. Notable 2020 mergers & acquisitions .................... 29 Enrollment, budget crises at colleges .................................... 30 e pandemic has le the higher education industry, already hurting amid a decline in high school graduates, struggling to find solid footing. Business Resource Guide ................... 34 All the agencies, chambers and nonprofits you need to know to successfully run a business in Central Massachusetts. WBJ's annual publication breaking down the numbers behind the Central Massachusetts economy 12 23

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