Worcester Business Journal

March 16, 2015

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www.wbjournal.com March 16, 2015 • Worcester Business Journal 3 During the six years I worked in the information technology trade media, I enjoyed a second-row seat to an endless stream of innovation. There was never a shortage of stuff to write about. More than a dozen years later, that hasn't changed, and I'm reasonably confident it never will. The United States has always prided itself on innovation and ingenuity. To put it more simply, it's about the American dream, and it's been imbued in our culture since we were loyal to the crown (sort of). How else to explain the popular- ity of the ABC-TV show "Shark Tank," in which entrepreneurs pitch their inventions to a group of potential investors? Our Focus section in this edition is about ingenuity and innovation, as well as growth. Emily Micucci's story on Page 12 addresses growth opportunities in Asia for several Central Massachusetts technology firms. On Page 13, Sam Bonacci offers examples of technol- ogy knowhow that helped keep work and education humming last month despite snowstorms most of us would prefer to forget. And, on Page 15, read Livia Gershon's piece on how Kopin Corp. of Westborough is preparing for the coming rise of wearable technology. And lest we forget, with April 15 approaching, read our story on what's happening with Section 179 deductions on Page 11. ~ Rick Saia (rsaia@wbjournal.com) This Week In The WBJ Editor, Rick Saia, rsaia@wbjournal.com Web Editor/Columnist Christina H. Davis, cdavis@wbjournal.com Staff Writers Sam Bonacci, sbonacci@wbjournal.com (Banking & Finance, Real Estate, Manufacturing, Technology) Emily Micucci, emicucci@wbjournal.com (Health Care) Staff Writer/Copy Editor Carol McDonald, cmcdonald@wbjournal.com (Education) Contributors Susan Shalhoub, sshalhoub@wbjournal.com Livia Gershon Research Director, Roger Magnus rmagnus@nebusinessmedia.com Research Assistant, Heide Martin hmartin@wbjournal.com Art Director, Kira Beaudoin kbeaudoin@wbjournal.com Graphic Designer, Mitchell Hayes mhayes@wbjournal.com Manager of Video/Multimedia Services, Matthew Volpini mvolpini@nebusinessmedia.com Director, Major Accounts Bonnie Leroux, bleroux@wbjournal.com Senior Accounts Manager Matt Majikas, mmajikas@wbjournal.com Accounts Manager Rena Barbieri, rbarbieri@wbjournal.com Custom Publishing Project Manager Christine Juetten, cjuetten@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com Controller, Mary Rogers mrogers@nebusinessmedia.com Accounting Assistant, Valerie Clark vclark@nebusinessmedia.com Collections Manager, Raki Zwiebel rzwiebel@nebusinessmedia.com Human Resources, Kim Vautour kvautour@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com Group Publisher, Joseph Zwiebel jzwiebel@nebusinessmedia.com Worcester Business Journal (ISSN#1063- 6595) is published bi-weeky, 24x per year, including 5 special issues in April, July, September, November and December, by New Engand Business Media. 172 Shrewsbury St., Worcester, MA 01604. Periodicals postage paid at Worcester, MA. Copyright 2014. 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 $49.95. For more information, please email wbjournal@cambeywest.com or contact our circulation department at 845-267-3008. Fax: 845.267.3478 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 A division of: WBJ on the Web From news to information about events and awards, we have it all at WBJournal.com. Call for nominations: Family Business Awards Family-owned businesses are an integral part of the Central Massachusetts business fabric. To celebrate their achievements, we will profile several family-owned businesses in our June 8 edition, and honor them later that month at a special reception. If you know of a family business that deserves to be honored, please go to www.wbjournal.com/ familybusinessnomination and fill out a nomination form. ON PAGE ONE Woo-ing the PawSox The Worcester Sharks are about to leave and the Pawtucket Red Sox are planning to move to Providence. While two Worcester city councilors would like to bring the PawSox here, one of them believes the city can win even if it strikes out. Smiling eyes for IPOs? The market for initial public offerings of stock was at its most active last year since 2000. What are the upsides and challenges of taking that route? NEWS & ANALYSIS 7 Boston Scientific breaks free More analysts are bullish on the Marlborough-based medical device maker, now that the threat of a $7.2 billion lawsuit has been erased. SHOP TALK 8 Q&A with Bill DiBenedetto, president, Provo Financial Services, Uxbridge And don't forget 40 Under Forty Do you know an up-and-coming business leader in Central Massachusetts who's worthy of being recognized as part of our 16th annual 40 Under Forty class? Fill out a nomination form today at www. wbjournal.com/40underforty/nomination. An engine that just won't shut down DEPARTMENTS 20 Accolades & Honors 4 Briefing 29 Editorial 28 Flash Poll 20 Fresh Beginnings 25 Incorporations 19 Knowhow 26 Movers & Shakers 23 Networking/Events 30 Photo Finish 22 The Rainmaker 5 Real Deals 8 Ticker 29 Viewpoint 12 12 Rising in the east Technology manufacturers in Central Massachusetts are selling more in Asia, thanks to a boost in consumer spending. 13 How the snowbound work The above-average snowfall in February kept many home, but businesses kept things moving through the use of technological tools. 15 Kopin waits for its payoff The Westborough-based firm has drastically shifted its business model to focus on the emerging wearables technology sector. There's evidence that the firm's patience is closer to paying off. Technology FOCUS FAMILY BUSINESS A W A R D S C E N T R A L M A S S . WORCESTER BUSINESS JOURNAL'S THE LIST 17 Top IT service providers in Central Massachusetts VIEWPOINT 21 Working on your March Madness bracket? Here's another one for you, based on what municipal spending priorities should be for Worcester. Timothy McGourthy provides instructions on how to play.

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