Worcester Business Journal

Worcester 300-City of Innovators-May 31, 2022

Issue link: https://nebusinessmedia.uberflip.com/i/1467797

Contents of this Issue

Navigation

Page 49 of 107

50 W o r c e s t e r 3 0 0 : C i t y o f I n n o v a t o r s I n the 1950s, the Federal Reserve Bank studied New England's loss of textile and manufacturing jobs, due to outsourcing overseas, and suggests that the region should turn to high- value-added industries that drew on its educational and intellectual resources. Many manufacturers who in the previous century had been a significant part of Worcester's home-grown economy found themselves in a changed environment that became a pitched battle between the old and the new. The Royal Worcester Corset Co., founded in 1861 produced items as varied as hoop skirts, girdles, and of course corsets, until the corset e shock of the new went out of fashion. It changed its name to the Royal Worcester Co. in 1949 and closed in 1950. By 1955, the year that the National Geographic heralded Worcester's industrial prowess, outsourcing of major manufacturing enterprises had already begun. Post World War II prosperity disguised this trend until the late 1960s. Wartime production (particularly World War II) provided the type of industry that could not be readily outsourced. Once that heavy equipment was installed, it stayed put. Then, the issue of wartime security, where 'Made in USA' was the lingua franca of the military. In a plot twist worthy of writer O. Henry, the automobile first boosted the fortunes of Worcester's manufacturers, and then provided means to exodus to the city's suburbs. Wyman-Gordon Co., which produced the Turning plowshares into swords and then back again The main stitching room of the Royal Worcester Corset Company circa 1880. After a lengthy run that supplied the changing fashion trends of the day, the company would close in 1950. IMAGE | WORCESTER PUBLIC LIBRARY By 1955, the year that the National Geographic heralded Worcester's industrial prowess, outsourcing of major manufacturing enterprises had already begun. 1922-2021

Articles in this issue

Archives of this issue

view archives of Worcester Business Journal - Worcester 300-City of Innovators-May 31, 2022