Worcester Business Journal

October 16, 2017

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wbjournal.com | October 16, 2017 | Worcester Business Journal 3 Editor, Brad Kane, bkane@wbjournal.com News Editor, Grant Welker, gwelker@wbjournal.com (Real estate, higher education) Staff Writers Zachary Comeau, zcomeau@wbjournal.com (Manufacturing) Emily Micucci, emicucci@wbjournal.com (Health care) Contributors Susan Shalhoub Livia Gershon Research Director, Stephanie Meagher, smeagher@nebusinessmedia.com Research Assistant, Heide Martin, hmartin@nebusinessmedia.com Production Director, Kira Beaudoin, kbeaudoin@wbjournal.com Associate Art Director, Mitchell Hayes, mhayes@wbjournal.com Senior Accounts Manager Matt Majikas, mmajikas@wbjournal.com Custom Publishing Project Manager Christine Juetten, cjuetten@wbjournal.com Senior Special Accounts Manager Mary Lynn Bosiak, mlbosiak@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com COO, Mary Rogers, mrogers@nebusinessmedia.com Accounting Manager, Valerie Clark, vclark@nebusinessmedia.com Accounting Assistant, Rae Rogers, rrogers@nebusinessmedia.com Collections Manager, Raki Zwiebel, rzwiebel@nebusinessmedia.com Human Resources, Jill Coran, jcoran@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com President, Joseph Zwiebel jzwiebel@nebusinessmedia.com L ook, I am well aware we are participating in Amazon's overt marketing campaign with our cover story for this issue. I understand the odds of Worcester actually landing Amazon's HQ2 are about the same as me winning a Powerball jackpot. This entire HQ2 bid- ding process is just a way for the tech company and hundreds of governments to engage in a distracting fantasy. All that doesn't mean it's not a good story. Like a magnified version of GE's call for proposals in 2015 for friendly govern- ments to send them tax-incentive-laden proposals for a headquarters relocation (after which the Connecticut company moved to Boston), Amazon's nationwide call for states, counties and cities to send the Seattle online retailer proposals for it to locate its 50,000-employee second headquarters forces a government race to the bottom, all for the sake of economic development. Suddenly, Amazon isn't the online giant playing a major role in the closing down of Main Street shops and in-store retail chains -- while trying to avoid pay- ing sales tax -- but the innovative tech company that will completely reshape our city's economy for the better. And by saying they are going to put in applica- tions, government officials get to show off their economic development prowess to their constituents, who are wooed by the fantasy of 50,000 jobs paying an average salary of $100,000 each. Nevermind only one community will actually win in this competition, out of hundreds of applications submitted. Yet, WBJ Staff Writer Zachary Comeau has written up a very compel- ling article, less about Amazon and more about Worcester. By focusing on what landing HQ2 would do to the city, his story shows how far the city has come with its economic development, how far it has yet to go, and where some areas for improvement are for it to compete con- sistently for Fortune 500 companies. As far as I can remember, while we have had pictures with brand logos in them, we have never taken a company Riding Amazon's public relations wave 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 2017. 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 $54.95. 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: NEWS & ANALYSIS DEPARTMENTS 4 Central Mass. In Brief 5 Flash Poll 16 Focus on MetroWest 20 The List: Top MetroWest employers 21 Embezzlement is everywhere 22 Know How 23 On the Move 24 Photo Finish 25 Opinion 22 Shop Talk: deadhorse hill 14 Healthy savings Small businesses are scaling back their insurance premiums by offering wellness incentives to employees. 18 The bright spot in retail TJX has launched another in-store shopping experience, leveraging customer loyalty and a treasure-hunt mentality in a $664B market. I N T H I S I S S U E Worcester Business Journal WBJ EXPERIENCE THE Difference We believe we're a little different from other independent schools. We are a student-centered community where you can be you. Through rigorous academics, strong leadership opportunities, competitive athletics, and inspiring arts programs, we are focused on helping students become the best versions of themselves. Join us for one of our fall Middle and Upper School Open Houses. RSVP at worcesteracademy.org/openhouse or 508-459-5841. October 22 and November 5 11:00 AM - 2:00 PM Fall Open House logo and placed it on WBJ's cover, as we are doing with Amazon for this issue. It is worth it, though, because it tells another story of Worcester's economy. - Brad Kane, editor W

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