Worcester Business Journal

June 27, 2022

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wbjournal.com | June 27, 2022 | Worcester Business Journal 3 is Now Open in Westborough! Visit the team at 35 Lyman Street To learn more, visit RocklandTrust.com/Westborough-Opening Member FDIC #1 in Customer Satisfaction with Retail Banking in New England. Tied in 2022. For J.D. Power 2022 award information, visit jdpower.com/awards. 35 LYMAN ST LYMAN ST LYMAN ST 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 2022. 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 $72.00. 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 A division of: I N T H I S I S S U E A t the heart of any local economy is the real estate industry. For business journals across the country, the commercial real estate beat is one of the main beats, if not the core one. is is 100% true for WBJ. More than just the sales, leases, and rising and falling property values – which are all important – understanding the real estate market is vital to know what businesses are coming and going in the region, who is expanding, who is selling, and what industries are driving developers' interests. If you know what is going on in real estate, you have your finger on the pulse of the economy. An extension of the real estate beat is development, which includes architecture and construction. ese two topics make up the focus section of this edition of WBJ. And, oh boy, was there plenty to write about on those topics. In its effort to completely corner the online retail market by building large distribution centers seemingly everywhere, Amazon has apparently used up all the steel in the world. Okay, this is an exaggeration, but not a huge one. e cost of construction materials remains high and volatile, forcing construction contractors to get creative in their choice of materials. WBJ correspondent Susan Shalhoub explores this issue in her "Rising cost of construction" story on page 10. Over on page 12, Staff Writer Alexander MacDougall dives into the question plaguing most Central Massachusetts communities: What do you do about the older buildings nearing the end of their useful life, but still provide cultural character to the community? MacDougall's "Preserving the past while building for the future" story focuses largely on the early efforts to save and maintain Worcester's Mechanics Hall. Speaking of cultural legacies, Central Massachusetts architects are important keepers of the designs built up over time in the region's communities, but they add their own input to that cultural collage every time they design a new development. WBJ correspondent Laura Finaldi sat down with three prominent firms to discuss that awesome responsibility for her "Central Massachusetts' new architectural legacy" story on page 14. Rounding up the focus on architecture and construction is correspondent Alan R. Earls' examination of the benefits and drawbacks of inclusionary zoning as a way to increase affordable housing. His "Wanted: more homes and greater affordability" story is on page 16. - Brad Kane, editor e foundation of business journals W Editor, Brad Kane, bkane@wbjournal.com Senior Staff Writer, Monica Benevides, mbenevides@wbjournal.com (Health care, diversity & inclusion) Staff Writers Timothy Doyle tdoyle@wbjournal.com (Real estate, higher education) Alexander MacDougall amacdougall@wbjournal.com (Health care, diversity & inclusion) Editorial Interns Sadie Leite sleite@wbjournal.com Ellie Lester elester@wbjournal.com Contributors Giselle Rivera-Flores, Ramon L. Sandoval, Susan Shalhoub Photographers Matt Wright, Edd Cote 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 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 Accountant, Sarah Ward, sward@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 TA B L E O F C O N T E N T S 8 Dean's dual leadership In replacing its long-time president, Dean College chose a man with a history in higher education and Worcester's former city manager. 23 10 Things I know about … Emerging stronger from a recession Advice columnist Ryan Kittredge details ways business owners and executives can set their businesses up for success in an economic slowdown. 4 Central Mass. In Brief 5 Worcester 300 trivia 7 Column: Worcester Homecoming 10 Focus on Architecture & construction 19 The List: Top architectural firms 21 The List: Top commercial contractors 22 Column: The Hustle is Real 23 Know How 24 Movers & Shakers 25 Opinion 26 Shop Talk: Earth & Aerial Yoga

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