Worcester Business Journal

6 Worcester Business Journal | July 24, 2017 | wbjournal.com B R I E F S Paris Cinema demolished for Worcester beer garden Worcester's vacant Paris Cinema was demolished in July to make way for a three-season beer garden with 320 seats and an events stage. The beer garden, part of the Grid District development, will be the first such space of its kind, joining two exist- ing restaurants in the development, cof- fee shop Brew on the Grid and Mediterranean grill Techni, along with apartment buildings on Franklin Street fronting Worcester Common. Sevcon to be acquired for $200M Southborough electric vehicle technologies provider Sevcon will be acquired for $200 million by Michigan auto parts supplier BorgWarner, an amount equal to a development contract Sevcon signed earlier this year with a European manufacturer. The acquisition comes six month after former Sevcon chairman Ryan Morris -- who controlled 20 percent of Sevcon stock -- made an unsuccessful attempt to remake the board of directors, as he was displeased with the direction of the company. T H E T I C K E R 3% Increase in tuition at the University of Massachusetts, on average, for in-state students Source: State House News Service $25,000 Source: Marlborough Economic Development Corp Massachusetts' spot on a state-by-state ranking of highest power costs in the U.S. 4th Source: WalletHub Patrons expected to attend the Mass Fermentational beer festival and fundraiser at the Worcester Common in September. 2,500 Source: Massachusetts Brewers Guild Tree House Brewing opens Charlton facility Tree House Brewing Co.'s highly anticipated new brewery in Charlton opened on July 15. The brewery, which makes several of the country's top-rated beers, served its first pours on Saturday at its new 52,000 square foot facility that includes 6,000 square feet of retail space. The facility had more than 2,000 visitors that day and poured 3,000 pints. The expansion allowed Tree House to double in size from a 30 barrel brew house to a 60 barrel. Worcester would benefit from climate change Worcester County, along with much of Massachusetts and the rest of New England, would actually benefit eco- nomically from climate change, accord- ing to a new study published in the June 30 issue of the journal Science. Cooler-weather locations would bene- fit by milder winters and therefore lower energy costs and lower mortality rates, researchers from the Climate Impact Lab at the University of Chicago found. Massachusetts winters would be as much as 9 degrees warmer on average by the end of the century, the study fore- casts. Money a new restaurant or brewpub in Marlborough could borrow from the city's economic development corporation Continued from previous page The vacant Paris Cinema is now a pile of rubble. Member DIF Member FDIC Not every business needs a blacksmith in order to succeed, but they all need a banking partner. That's why Country Bank is proud to provide neighbors like Old Sturbridge Village with top-notch business banking products, lending expertise, and the occasional bit of forge welding advice. How can we help your business thrive? Come see us at any branch, visit countrybank.com/business, or call us at 1-800-322-8233 PROUD. COMMUNITIES THAT MAKE BUSINESSES – – W E GO WAY BACK WITH THE Annual cost of the new two-year veterinary technician certi- fication program at Mount Wachusett Community College $8,700 Source: MWCC 9.7% Source: Massachusetts Association of Realtors Increase in sales of single family home sales in Massachusetts between June 2017 and June 2016 $ By causing milder winters, global warming would economically help cooler-weather locations.

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