Worcester Business Journal

wbjournal.com | June 27, 2022 | Worcester Business Journal 5 Holy Cross buys WPI house for new president e College of the Holy Cross has acquired an historic home, Hughes House, from Worcester Polytechnic Institute to use as the president's residence for Vincent Rougeau and the college's future presidents. Rougeau, who started on July 1, is the first person who is not an ordained priest to serve at the Holy Cross president. He is also the college's first Black president. With his appointment, the Worcester college wanted to have a residence that Rougeau, and future presidents, could live within the Worcester community, said Daniel Ricciardi, Holy Cross associate vice president for investments and institutional resources. e Hughes House mansion has 4,588 square feet of living area. e sale from WPI to Holy Cross was completed on May 26 for $800,000, according to the Worcester Registry of Deeds. Boston Scientific co- founder passes away at 80 Peter Nicholas, one of the co-founders of Marlborough-based Boston Scientific, passed away on May 14th. Nicholas, who died just two days shy of his 81st birthday, was born in Maine and served as a lieutenant in the U.S. Navy before co-founding Boston Scientific with John Abele in 1979. Nicholas served as CEO of the company for 20 years, from 1979 to 1999. He remained active within the company aerward, serving as chairman of the board until 2016, according to the tribute posted by the company in May, shortly aer his death "As a pioneer who helped shape the field of minimally invasive surgery, Pete Nicholas is remembered worldwide for his contribution to vastly improved patient outcomes and equally impressive increases in healthcare efficiency," said Mike Mahoney, the current CEO and chairman of Boston Scientific, in a statement put out by the company. "Within the Boston Scientific family, Pete was also a lifelong mentor, motivator and friend to hundreds of employees." B R I E FS W BJ has partnered with the Worcester Historical Museum to run a year-long trivia contest in celebration of the 300th anniversary of Worcester's founding on June 14, 1722. Readers should email their answer to the question below by Aug. 18 to bkane@wbjournal.com or visit the trivia page on WBJoural.com to compete for a special year-end prize package. Sponsored by Worcester 300 trivia contest | part 12 And the answer to last edition's question: The patented model of Charles Thurber's typewriter is housed at the Smithsonian Institution. Drying clothes Joseph Hill, a native of another New England state, received his first patent for making clotheslines in 1873 and moved to Worcester three years later to take advantage of the growing city. He first rented space on Cypress Street and then moved to a new plant at 340 Park Ave., which is now near a Walgreens pharmacy. In 1909, Worcester Magazine reported more than 1 million Hill Dryers were in use throughout the country. e company remained in business until the 1950s, later as a division of Moulton Ladder, but the Hill Dryer or its descendants remain popular with homeowners and three- decker residents throughout Worcester. T H E T I C K E R 3.5% Greater Worcester unemployment rate in May, up from 3.4% in April and below the statewide average of 3.9%. Source: Massachusetts Executive Office of Labor and Workforce Development 1926 Source: Worcester Art Museum Amount raised by Worcester's Assumption University for its Light the Way fundraiser, to pay for buildings and scholarships, exceeding the $35-million goal. $50.6M Four Source: BJ's Wholesale Club Year when Kingsmill Marrs and Laura Norcross Marrs donated their Egyptian jewelry collection to the Worcester Art Museum. The collection was displayed in full for the first time on June 18. New locations – Noblesville, Ind.; New Albany, Ohio; Wayne, N.J.; and Midlothian, Va. – planned by Westborough retailer BJ's Wholesale Club, bringing its total to 233. n Trivia question: What New England state is Joseph Hill a native of? Source: Assumption University An advertisement for a Hill Dryer PHOTO | COURTESY OF WORCESTER HISTORICAL MUSEUM Worcester trivia leaderboard 1. Mary Camosse - 4 2. Allison Chisolm - 1 3. Jeff Forts - 1 4. Bob Svensson - 1 4. 26 others tied - 1 During his tenure as CEO, Nicholas helped take the company public, being first listed on the New York Stock Exchange in 1992. ough many other tech startups were listed on the Nasdaq at the time, Nicholas pushed for the NYSE to show Boston Scientific was in it for the long haul. WBJ wins top prize at journalism competition Worcester Business Journal on June 11 won the Gold Award in the overall Best Newspaper category for medium-sized publications from the international Alliance of Area Business Publishers journalism association. is marks the second time in three years WBJ has won the top prize for a midsized publication from AABP, and was one of five awards WBJ received for content produced in 2021. AABP is comprised of business-to- business publications throughout the U.S., Canada, and Australia. In all, 537 entries were submitted for the awards. e other four awards WBJ received from AABP on June 11 were Gold Awards for Best Overall Design and Best Editorial, as well as Silver Awards for Best Bylined Commentary and Best Coverage of Local Breaking News category. Continued on page 6 The Hughes House

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