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Celebrating 25 Years of Growth 89 Shrewsbury St. Suite 200 • Worcester, MA 01604 508-755-7107 • www.bolluslynch.com Established in 1989, Bollus Lynch, LLP has evolved over the last 25 years to become one of the area's leading CPA firms. While we have experienced a lot of growth, we've maintained a deep commitment to the Central Massachusetts community and our growing list of valued clients. Over the years key senior team members Jeffrey Swanberg and Barbara King became partners, and the acquisition of two well-known and respected local firms brought new clients and staff to the firm. Today Bollus Lynch boasts over 40 talented employees and provides the highest quality audit, tax and business advisory services to a wide variety of industries. As a member of the BDO Alliance USA we have access to the resources and services of BDO Seidman, LLP, while at the same time we remain proud in maintaining our autonomy and independence. Founding partners Mike Bollus and Steve Lynch are honored to have such a talented and committed staff, and especially grateful to our many clients who we have had the honor to serve - we look forward to working with you in the future. BOLLUS LYNCH CERTIFIED PUBLIC ACCOUNTANTS & CONSULTANTS 60 Worcester Business Journal • www.wbjournal.com 25 YEARS: IN REVIEW Hobbled by product recalls, safety questions about its defibrillators and stents, and debt incurred in its 2006 purchase of heart rhythm company Guidant, Boston Scientific Corp. begins slashing costs in January. During the year, the Natick- based company would announce plans to cut 2,300 jobs worldwide and sell off some of its businesses. It ultimately reduced its workforce by about 13 percent. 2008 After six years of extensive fundraising efforts and building community support, the former Franklin Square and Loew's Poli Palace theater in downtown Worcester reopens in March as the Hanover Theatre for the Performing Arts. To many in Worcester, the theater is at the center of a vision of downtown revitalization. Two years earlier, City Manager Michael O'Brien said the theater would generate $40 million of direct and indirect investment, becoming an "economic engine" for the downtown area. Morgan Construction, long one of Worcester's major family-owned busi- nesses, and a maker of equipment used in steel mills around the world, is acquired in April by Austria-based Siemens AG for an unspecified sum. Morgan had been owned by five gener- ations of the Morgan family. At the time of its sale, it had 1,100 employees, including 460 in Worcester, and report- ed $180 million in annual sales. In a $100 million deal, the state agrees in October to buy rail lines from rail- road giant CSX, which allows for the immediate addition of five more daily trains between Worcester and Boston. In addition, the Massachusetts Bay Transportation Authority says it could add up to six more daily trains between the cities over the next four years. The deal eases a longstanding issue for Worcester-area commuters in catching Boston-bound trains. Biotech and pharmaceutical giant Genzyme Corp. opens its $125 million Framingham Science Center in September. The new addi- tion raises the employee count at the company's 20-year-old Framingham campus by 350, to about 2,000, making it Genzyme's largest location worldwide. Officials with The MathWorks of Natick begin the long-awaited expan- sion of their Route 9 complex in December, which they say will add about 600 jobs at the complex. The expansion would involve the purchase of a third building at its headquarters, plus the design of a new, 166,000-square-foot office building and adjoining parking garage. The New York Times Co. in December decides to hang on to the Telegram & Gazette, despite being "inches away" from selling the newspaper to a group of local investors headed by Ralph Crowley Jr., CEO of Polar Beverages. The University of Massachusetts Medical School breaks ground in September for a $400 million, 500,000-square-foot research and education facility, the Albert Sherman Center, at its Worcester campus. The facility will house the school's Advanced Therapeutics Cluster, including the RNAi Institute, the Center for 2009 Hanover Theatre