Worcester Business Journal

wbjournal.com | May 13, 2024 | Worcester Business Journal 3 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 2023. 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: but I'm glad WBJ is competing with it again. e competition benefits the econo- my and the community. – Brad Kane, editor J ournalists are a competitive bunch. We love to beat rival media publi- cations in reporting breaking news and investigative articles. Reporters, myself included, will happily brag about scooping the competition, even if we published a story mere minutes before anyone else, before the majority of our audiences even know about the news. Before I came to WBJ, I was a reporter for Hartford Business Journal, where scooping the paper of record – the Hartford Courant – on business news was a constant source of pride. When I started as WBJ editor in 2015, one of my priorities was to beat the Worcester Telegram & Gazette on as many business stories as possible. e T&G still had multiple business reporters at that point, so as WBJ's wins piled up, I grew more and more gleeful. Eventually, though, my joy would turn to sadness. Round aer round of layoffs and resignations le fewer reporters in the T&G newsroom, and oen WBJ was the only publication reporting on significant business news. When the City of Worcester announced plans to build a $160-million public baseball stadium, which is the City's most ambitious eco- nomic development project in the last 15 years, the T&G eschewed the traditional media role of offering insights and holding power to account in favor of more friendly coverage, like stories on the installation of the stadium's grass. e T&G was a shell of its former self. Yet, the T&G remains the Central Mas- sachusetts paper of record. Since Michael McDermott started as executive editor in 2022, the T&G has started to get its groove back, reporting on topics important to the community, hustling on breaking news, and re-asserting its role in holding power to account. I'm not necessarily happy the T&G is beating WBJ to the occasional business story, but it's nice being in a com- petitive media market again. In this edition, WBJ Correspondent Katherine Hamilton in her two-part "e new Worcester media" series on page 6 reports on how over the past 10 years, the T&G went from the dominant player in Central Massachusetts media to being the largest player in a fragmented industry. e T&G will never be what it once was, Competing with the T&G again MEMBER FDIC 1 Annual Percentage Yields (APYs) effective as of 5/1/2024 and subject to change at any time after the account is open. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change. The APY range assumes a maximum deposit of $50,000 for illustration purposes only. Fees may reduce earnings. The account does not have a maximum deposit limit. Refund of domestic ATM surcharge transaction fees are capped at $25.00 per statement cycle. Non-UniBank ATM Surcharges are those fees charged by the bank that owns the non-UniBank ATM used. If the eligibility requirements are not met the account will earn a lower interest rate and corresponding APY and will not be eligible for refund of ATM surcharge transaction fees. Minimum balance of $10 to open the account. Limit one account per customer holding position of primary account holder. Other restrictions may apply. • In order to be eligible for the disclosed Tier I and Tier II interest rate, Annual Percentage Yield (APY), and refund of domestic ATM Surcharges the following conditions must be met in a given statement cycle. • A minimum of 8 posted and settled debit card purchase transactions during the statement cycle. Not all pur- chase transactions post or settle on the day they occur. • Active enrollment in e-statements – you must sign into your online banking account at least once every 12 months to keep enrollment active. e by UniBank Checking Basic Rate of Interest APY 1 2.99 % Balances less than $15,000 2.99 % Balances $15,000 and above % 0.01 On entire balance when minimum requirements are not met -1.20 % APY 1 APY 1 APY 1 Open an account online at unibank.com or visit any UniBank branch! Checking with all the benefits. High-yield. High-tech. High-satisfaction. www.unibank.com 800.578.4270 Corrections: An April 1 profile of Manufacturing Excellence Award winner Mrs. Moriconi's Ice Cream incorrectly stated Julia Moriconi was once an EMT. In fact, she was actually a paramedic and firefighter. The Power 100 story on Elizabeth Cruz in the April 29 edition incorrectly stated Cruz founded the Latin American Business Organization. She is the organization's president. The Power 100 story on Maurice Phelan in the April 29 edition incorrectly said the Sartorius North American Center for Bio- process Solutions would be a $10-million investment by the company. The correct figure is $100 million. The Power 100 story on Udit Batra in the April 29 edition incorrectly called the new Waters Corp. facility in India as the Global Capacity Center. Its true name is the Global Capabilities Center. The Power 100 story on Dr. Eric Dickson in the April 29 edition incorrectly said UMass Memorial Health's decision to close the Leominster birthing center was a financial one. In fact, the hospital system said the decision was a clinical one, as the number of births in the region is declining. The Power 100 story on Rachel Monarrez in the April 29 edi- tion incorrectly said Monarrez was the former superintendent in San Bernardino, California. The correct information is she was the deputy superintendent for that school district. The Power 100 story on Tiffany Lillie in the April 29 edition incorrectly said two former top executives of Girls Inc. of Worcester were forced to resign. The correct information is they were placed on administrative leave, and after being placed on leave, the former CEO followed through on previ- ously announced plans to semi-retire. The Power 100 story on Gloria Hall in the April 29 edition in- correctly stated the end date of Art in the Heart of Main South. The artwork will be available for viewing through June 15, not October as originally stated. After the Power 100 story on Mark Schwartz was published in the April 29 edition, Workhuman informed WBJ on May 1 that Schwartz had departed the Framingham company sometime in the first quarter. Workhuman declined to provide more specifics or give an exact departure date. The Power 100 story on Jay and Rita Kapur in the April 29 edition incorrectly listed Atech Turbine Components as a sub- sidiary of Aimtek; the corrected information is they are sister companies. Additionally, the two companies have a combined 80 employees, not 120 as originally stated. Lastly, the fact box originally omitted the location of Jay Kapur's residence, which is Worcester. Editor, Brad Kane, bkane@wbjournal.com Staff Writers Eric Casey, ecasey@wbjournal.com (real estate, manufacturing) Mica Kanner-Mascolo, mkannermascolo@wbjournal.com (health care, diversity & inclusion) Contributors Giselle Rivera-Flores, Laura Finaldi, Monica Benevides, Alan Earls, Susan Shalhoub, Livia Gershon Photgraphers Matt Wright, Edd Cote, Christine Peterson 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 General Manager Kris Prosser, kprosser@wbjournal.com Senior Accounts Manager Christine Juetten, cjuetten@wbjournal.com Accounts Manager Timothy Doyle tdoyle@wbjournal.com Human Resources Manager, Tracy Rodwill, trodwill@nebusinessmedia.com Director of Finance, Sara Ward, sward@nebusinessmedia.com Accounting Assistant, Rae Rogers, rrogers@nebusinessmedia.com Account Receivable Specialist, Patty Harris, pharris@nebusinessmedia.com Director of Audience Development and Operations, Leah Allen, allen@nebusinessmedia.com Business Office Assistant, Nicole Dunn, ndunn@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com President, Tom Curtin tcurtin@hartfordbusinessjournal.com W

• Cover