Worcester Business Journal Special Editions

Economic Forecast 2014

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WORCESTER • WEST YARMOUTH • FRAMINGHAM • MILFORD Fanatical Customer Service It shouldn't be all about the end product. e process before and after also matters to deliver truly exceptional service. We believe in treating all customers with the utmost care and guarantee the quality of our service with our Awesome Service Guarantee. ™ Some may think it is extreme, but we wouldn't have it any other way. Explore the possibilities and find out why we are the Accounting Firm of Choice for many of the region's greatest organizations. Call our Managing Partner, Terry Shepherd today at 508-757-3311. Accounting and Tax Services • Business Consulting Services Business Transition / Exit Planning Financial Services and Retirement Planning (508) 757-3311 • www.sgllp.com Technical Expertise .................... 4.31 Personal Attention ...................... 4.71 Responsiveness of Team .............. 4.69 Overall experience with S&G ..... 4.41 Referring S&G to your friends and business associates ................ 4.56 CLIENT SURVEY RESULTS Scored on a Scale of 1 to 5 44 2014 Economic Forecast www.wbjournal.com Worcester Business Journal 2014 In a capital-intensive industry such as manufacturing, Clinton-based Nypro needed money it couldn't get and capabili- ties that customers wanted but that the manufacturer of precision plastics prod- ucts didn't have. For that reason, the company agreed in February to be acquired by Jabil Circuit of St. Petersburg, Fla., for $665 million. Jabil is a better-heeled manufacturer that is among the Fortune 200, and one of Fortune's most admired companies. "I think Jabil is one of the best-run compa- nies" in Nypro's market space, president and CEO Ted Lapres said in February, "and I know them all." It seems like the best of marriages: Nypro got the capital and global reach that Jabil brought, while Jabil gained a pre-estab- lished foothold in the health care and con- sumer packaging markets, and more depth for its consumer electronics business. And the deal helped Nypro grow in Central Massachusetts. Not long after the acquisition was announced (it was com- pleted in July), Nypro announced it was adding 100 jobs at its Clinton headquar- ters. And in November, the company signed a lease for 205,000 square feet of space in Devens that will be home to 165 new jobs. n L ocated within a 75-minute drive of four larger, busier airports, Worcester Regional Airport is not only stuck between rocks and hard places; it also suffers from a tough, high-elevation locale and the lack of a major road connecting the airport to an interstate highway. It saw a succession of commercial pas- senger carriers over the last 15 years until March 2012, when discount carrier DirectAir ceased operations. What fol- lowed were 20 months of silence, save for small, private aircraft. But MassPort, which took over the airport in 2010, successfully lobbied JetBlue — already entrenched at Logan International Airport — to come to Worcester, and it launched daily service in November to Orlando and Fort Lauderdale. The flights are off to a good start, MassPort CEO Thomas Glynn told a Worcester audience recently, although foggy conditions — long an issue at the airport — led a few flights to be diverted to Boston. But MassPort hopes to partially ease fog-induced diversions, delays and cancellations by installing a $32-million, state-of-the-art landing system in the next five years, Glynn said. n 2013: A Year Of Departures, Arrivals & Denials Jabil Circuit buys Nypro, which then announces plans to add 265 jobs in Clinton and Devens. Woo Blue: JetBlue comes to Worcester, restoring commercial jet service to the city after a 20-month hiatus. >> Continued From Page 11 In July, Nypro Inc., of Clinton, became part of Jabil Circuit.

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