Worcester Business Journal

December 26, 2017-Economic Forecast 2018

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www.wbjournal.com • Worcester Business Journal • 2 018 Economic Forecast 19 Opening Spring 2018 ATM ASSOCIATES 421 Main Street, P.O. Box 207 Sturbridge, MA 01566 508-347-3368 www.atm-associates.com 198 Charlton Road, Sturbridge, MA Conveniently located at the intersection of the MA Pike and I-84, 198 Charlton Road offers 43,000 sq. ft. of premier Class A office space. This beautiful, 3-floor building boasts a modern design with sun-filled foyers, open floor plans, and a central elevator for full wheelchair accessibility. Greater Worcester leisure and hospitality employment Employment in the hospitality indus- tries in metropolitan Worcester at businesses like restaurants, hotels and tourism destinations has increased 23 percent this decade. Note: Employment is as of June in the given year. Source: U.S. Bureau of Labor Satistics 0 5,000 10,000 15,000 20,000 25,000 30,000 '10 '11 '12 '13 '14 '15 '16 '17 28,500 Sentencing is scheduled for January. The Chameleon was owned and operated by Joe Herman and executive chef Deven Senior, two former employ- ees of The Usual. Stacey Gala, Perry's wife and co-owner of The Usual, is a silent partner for the new restaurant. Of those nine forfeited properties, two include the Chameleon and Blackstone Tap. The Chameleon last posted a picture of a meal on its Facebook page on Oct. 31. On Nov. 4, a commenter wrote he made an online reservation, but the res- taurant was closed when he arrived. The U.S. alleged Perry used more than $1 million he made from selling steroids, cocaine and fentanyl from April 2012 to October 2016 to buy and renovate nine properties. He also used the funds to pay for his 2015 wedding. In 2005, he was convicted in federal court in Massachusetts of conspiracy to manufacture and distribute MDMA, or ecstasy, according to the U.S. Attorney's Office. When he was released from pris- on in 2008, he began making and selling the drugs to fund his Worcester County businesses. During his supervised release between 2008 and 2014, the only employment he reported to the U.S. Probation Office was as a fitness trainer earning about $4,800 a month. W COMMERCIAL LENDING Mike Bovenzi & Jake Kojalo can make things happen for you and your business. Call them directly to find out just how much they can do for you. Mike - 508.932.1940 Jake - 508.826.0869 Mike Bovenzi and Jake Kojalo of the Rollstone Bank & Trust Commercial Team are here to make things happen for you and your business. They have the power to help you secure lines of credit, equipment and term loans, commercial mortgages, deposit products and more. If you don't already know them, reach out. Develop a relationship. The better they know you, the more they can help.

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