Worcester Business Journal

6 Worcester Business Journal • February 29, 2016 www.wbjournal.com Knowledge + Experience + Trusted Advice. It all adds up. Large enough to serve the needs of most businesses and individuals; small enough to offer the personal attention you expect and deserve. Greenberg, Rosenblatt, Kull & Bitsoli, PC Certified Public Accountants 306 Main Street, Suite 400 • Worcester, MA 01608 508.791.0901 • www.grkb.com D i n n e r | D A n C i n G | S i L e n T A U C T i O n S at u r d ay a p r i l 9 , 2 0 1 6 6 : 3 0 p m - 1 1 p m $75 per person includes event admission, appetizers, dinner, entertainment, and entrance to the silent auction. C y p r i a n K e y e S G o l f C l u b 284 Temple Street Boylston, MA 01505 For more information, please contact nancy Thibault at nthibault@rainbowcdc.com or Dianne Trachimowicz at dtrach1@yahoo.com ALA y o u ' r e i n V i t e d t o o u r r a i n b o W C H i l d d e V e l o p m e n t C e n t e r ' S S i G n at u r e e V e n t G SPR ng www.rainbowcdc.com trends, according to the company. The company provided no figures on the number of people affected in the reduction, but it is expecting to pay out approximately $1 million in restructur- ing and severance charges in the first quarter of fiscal 2016. Mount Wachusett president to retire Mount Wachusett Community College President Daniel Asquino announced that he will step down from his position in 2017. Asquino has served as president of Mount Wachusett Community College since August 1987 and is currently the longest-serving public higher education president in Massachusetts, according to college officials. During his time there, academic programs and the student popu- lation have grown, and development has taken off. Enrollment has grown to over 12,000 credit and non-credit students, satellite campuses have been established in Leominster, Fitchburg, and Devens, and the number of academic programs has expanded to over 75 associate degree and certificate options. The college has also extended its reach in the areas of work- force development and economic develop- ment; dual enrollment and K-12 partner- ships; civic engagement and service learn- ing; veteran services; and renewable ener- gy and sustainability. Economist: recession coming, but not this year The troubling worldwide signals of a potential recession are more smoke than fire and are unlikely to lead to a U.S. reces- sion in 2016, according to an economist speaking Thursday in Worcester. "When people ask me if we are going to have a recession, I say, 'Eventually, but not this year, maybe 2017 or beyond,'" said Karin Kimbrough, managing director and head of macro and economic policy, investment management and guidance for Bank of America Merrill Lynch. Although the downturn in the Chinese economy, falling oil prices and the global economic outlook are causing unease in the U.S. markets, Kimbrough said this is more of an overreaction by certain market players rather than the beginning of a recession. n REGIONAL BRIEFS >> Continued from previous page Developer Robert Walker and American Commercial Real Estate of Bellingham have proposed a 475,000-square-foot development on a 43-acre site in Marlborough. The APEX Center is slated to include a Hyatt Place hotel, a Fairfield Inn & Suites, two restaurants, a bowling alley and an emergency veterinary center in an area already rife with development. Source: Marlborough Economic Development Corp. Marlborough 43-acre development

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