Worcester Business Journal

October 31, 2022

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wbjournal.com | October 31, 2022 | Worcester Business Journal 3 Editor, Brad Kane, bkane@wbjournal.com Staff Writers Timothy Doyle tdoyle@wbjournal.com (Real estate, higher education) Kevin Koczwara kkoczwara@wbjournal.com (Manufacturing, energy & environment)) Contributors Giselle Rivera-Flores, Laura Finaldi, Monica Benevides, Alan Earls, Susan Shalhoub, Livia Gershon Photgraphers 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 Senior Account Executive Yasmin Nasrullah, Ynasrullah@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com COO, Mary Rogers, mrogers@nebusinessmedia.com Accountant, Sara Ward, sward@nebusinessmedia.com Accounting Assistant, Rae Rogers, rrogers@nebusinessmedia.com Account Receivable Specialist, Patty Harris, pharris@ 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 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 $84.00. For more information, please email circulation@wbjournal.com or contact our circulation department at 845-267-3008. 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: FACT BOOK: DOING BUSINESS IN CENTRAL MASS. 4 e lunch crowd hasn't come back ............................................. 4 Worcester restaurants are still reeling from the loss of their regular midday crowds since COVID changed workplace and dining habits. Data: Fastest-growing jobs & industries ................................................ 8 e hospitality industry is expected to lead employment growth through 2030. Route 146's warehouse boom ............11 Businesses fleshing out their logistics networks are eying the wide-open spaces and relatively low costs of the Blackstone Valley. Data & list: Population and largest companies ........................................... 14 See the community-by-community population breakdown in Central Massachusetts, which only saw a slight uptick in people in the last year. e largest employers list is led by healthcare companies. Battery boom .........................................17 Central Massachusetts companies are investing billions of dollars to support the rapidly growing electric vehicle market. Data: Largest industries by GDP ......23 Greater Worcester is home to a $43.5-billion economy, while Massachusetts touts a $544-billion economy. Check out which industries contribute the most to economic output. A 19% increase.......................................24 In their second season since moving from Rhode Island, the Worcester Red Sox grew their attendance, again ranking 6th among minor league teams. Business Resource Guide ...................28 All the service organizations, financing institutions, chambers of commerce, government agencies, trade groups, and nonprofits able to help Central Massachusetts businesses grow. WBJ's annual publication breaking down the numbers behind the region's economy 11 17 24

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