Worcester Business Journal

6 Worcester Business Journal | November 13, 2017 | wbjournal.com B R I E F S "Daddy's Home 2" generates $19M for Framingham, state More than $19 million has been gen- erated for the economy after the filming of the Mark Wahlberg-Will Ferrell com- edy "Daddy's Home 2" in Framingham and other areas in the state last winter. The Motion Picture Association of America announced the financial boost to the economy, which included the hir- ing of more than 2,800 local workers and $10 million in wages. The film, also star- ring Linda Cardelllini, Mel Gibson and John Lithgow was filmed in 16 different communities, including Framingham, Westford, Great Barrington, Lawrence, Concord and Plymouth. 300 homes proposed for former Milford casino site A Waltham developer has officially proposed a 300-unit residential afford- able housing 40B development in Milford. The development, dubbed Robsham Village, includes two buildings on 116 acres on East Main Street, the same land Foxwoods proposed for a casino voters rejected in 2013. The developer, Eden Property Management of Waltham, was granted site eligibility from MassHousing last year, but the project had not been offi- cially proposed to the town's Zoning Board of Appeals. The 40B designation allows Eden to circumvent zoning restrictions for the site. Princeton Review names Clark top business school The college admission services com- pany Princeton Review unveiled its list of highly-ranked business schools last week, and it called Clark University's program one of the best to earn a master in business administration. The Princeton Review chose 267 on- campus MBA programs based on aca- demics and assessment of institutional data collected from the schools. An 80-question student survey was distrib- uted to 23,000 students. The Princeton Review doesn't rank the schools overall, but instead puts them in 18 categories in lists of 10. Clark did not make any of those lists. Hanover profit down 87% Hanover Insurance Group in Worcester saw income plummet in the third quarter due at least in part to hur- ricanes Harvey, Irma and Maria. Net income dropped from $88.4 mil- lion in last year's third quarter to $11.1 million this year. T H E T I C K E R $7.5 million State funding sought by the Cannabis Control Commission for its operations. Source: State House News Service Selling price of 33 Honey Farms convenience stores to Waltham-based Global Partners $36 million Source: Global Partners Hanover finds replacement for new CEO's old job The Hanover Insurance Group in Worcester has promoted a longtime executive to president of its personal and core commer- cial lines business- es, as well as field operations, filling the position for- merly held by the company's new CEO. Richard Lavey was announced as the new president of Hanover Agency Markets in November, after John Roche left the position to take over for departed CEO Joseph Zubretsky. UMMS develops rabies vaccine with Indian firm An Indian vaccine manufacturer and UMass Medical School announced in November the global launch of a rabies antibody. The disease kills an estimated 20,000 people every year in India. The U.S.-patented product, Rabishield, is expected to significantly reduce the mortality rate and close rabies prevention gaps. It was devel- oped by scientists at MassBiologics of UMass Medical School and manufac- tured by the Serum Institute of India. Bose CEO resigning Bob Maresca, the CEO of Framingham electronics manufacturer Bose Corp., told tech publication CNet he would be stepping down on Dec. 31. President Phil Hess will add CEO to his title to fill Maresca's role. There has been no formal announce- ment from the company. Maresca will remain chairman of Bose board and a trustee of the corporation, CNet said. In a separate move, Bose Corp. will lease 98,000 at Boston Landing in the Brighton neighborhood, according to an announcement from the developer. Bose could not be reached for com- ment, but a spokeswoman told other media outlets the company would not leave its Framingham headquarters. $7,336 Source: Mass. State Colleges Association Gender wage gap among faculty members at Fitchburg State University Continued from previous page Bose headquarters in Framingham Growth in the Massachusetts economy in the third quarter, according to the real GDP growth rate 5.9% Source: MassBenchmarks Building a brighter future for Worcester and Central Massachusetts. For your next project, make the bright choice... IBEW Local 96. Call Business Manager Thomas J. Maloney at 508-753-8635 Brilliantly powering the future of Worcester 242 Mill Street, Worcester, MA 01602 508.753.8635 www.ibewlocal96.org Mechanics Hall, Worcester UMASS Medical Center, Worcester PHOTOGRAPHY: SEYMOUR LEVY Richard Lavey

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