Worcester Business Journal

6 Worcester Business Journal | October 3, 2022 | wbjournal.com 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 Oct. 13 to bkane@wbjournal.com or visit the trivia page on WBJournal.com to compete for a special year-end prize package. Sponsored by Worcester 300 trivia contest | part 16 And the answer to last edition's question: The names of the Shrewsbury Street restaurants housed inside a Worcester Lunch Car Co. diner are the Boulevard Diner and the Parkway Diner. Davey's bags e picture shows bags made by Davey's, a longtime Worcester institution founded in 1953 and closed in 1999. e founder of Davey's was Charles "Chester" Herwitz. Born in Swamp- scott in 1927, he began his career in Worcester as the owner of Davey's Retail Store at 47 Pleasant St. In his spare time, he handmade belts and sandals in the basement of the shop. e products became so popular Herwitz closed the store and switched to making leather goods full time. e new business, like its predecessor, was named for Chester's business partner Davida. Eventually the business specialized in handbags, while also producing women's skirts and dresses under the Cottage Tailor Label. Davey's products were sold in depart- ment stores across the country, such as Saks Fih Avenue, Neiman Marcus, Lord & Taylor, and Bloomingdale's. At its height, Davey's consisted of 200 employees and had offices in New York City and Los Angeles. n Trivia question: In addition to being Chester Herwitz' business partner, how was Davida related to him? Designs of Davey's bags PHOTO | COURTESY OF WORCESTER HISTORICAL MUSEUM Worcester trivia leaderboard 1. Mary Camosse - 8 2. Allison Chisolm - 3 3. Jeff Forts - 2 4. Alyce Hill - 1 4. 39 others tied - 1 Worcester's Semi-annual Tax Increment Financing / Tax Increment Exception Report, none meet the goals set for per- centage of Worcester residents or people of color, and only Fontaine-Dimeo LLC's Doherty Memorial High School project meets the goal for women at the job site. Doherty High is not a TIF/TIE project, but receives support from the Executive Office of Economic Development based on recommendations from the Construc- tion Diversity Monitoring Committee. According to goals set by the city, Worcester residents should make up 50% of the workforce on these projects, except at Doherty High where the goal is 25%. People of color should make up 38% of the workforce, and women, 10%. e goals are part of participation in the TIF/ TIE program, where the owners of the various projects received reduced tax bills based on the increased value their devel- opments brought to the properties. Failure to meet the goals typically hasn't resulted in any significant action by the City to reduce or eliminate the tax break, although the City Council in June asked the acting city manager to explore harsher Continued from page 5 banking | lending | local 888.599.2265 | southbridgecu.com Let's talk. This Loan has a recorded lien. Borrowers do not need to have suf ficient equity on the proper ty. Borrowers are required to use the funds for home improvements only. Borrowers must be the owners on the deed and have proof of homeowners insurance. Minimum loan amount is $5000. Maximum loan amount is $25,000. Minimum term is 12 months and a max of 120 months. Rate is as low as 8% up to 60 months and 9% up to 120 months. Rate is risk based priced off credit score. Membership to SCU requires a one -time dividend- earning deposit of $5.00 in a prime share account. Equal Housing Oppor tunity. Equal Oppor tunity Employer. Federally insured by NCUA. ONLY 26 MORE PROJECTS TO GO… THANKS TO SCU'S COMPETITIVE HOME IMPROVEMENT LOANS

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