ON THE COVER

Drive and passion will carry Central Mass. forward in 2018

Worcester Business Journal's annual Economic Forecast issue gives us a chance to take a step back and reflect on everything that happened in the past year, which we use to predict what will come for...

 
Construction crews have been working for more than a year on a mixed use development on Front Street.

A tight housing market continues to push prices, downtown visions will be realized

Grant Welker |

The trends are going in the right direction for homeowners: an increase in prices and a sharp drop this year in foreclosures, both in Central Massachusetts and across the state. A tight supply market...

Drugmaker Bristol-Myers Squibb built a $1 billion facility in Devens.

Biomanufacturing, recreational cannabis and beer will highlight a big year for manufacturing

Zachary Comeau |

Although biomanufacturing has been a bit slow to take hold in the region, there's only optimism for the budding industry.

Tarek Elsawy, CEO of Reliant Medical Group, which is set to be acquired by global health company Optum in 2018.

Growing pains will continue for the healthiest state in 2018

Emily Micucci |

The United Health Foundation dubbed Massachusetts America's healthiest state. But challenges remain, including a high rate of drug overdose deaths and preventable hospitalizations.

Chris Foley, senior vice president of UniBank, stands in the new style of bank branches.

As the banking industry consolidates, loans will increase

Grant Welker |

With the American economy humming along at a steady rate – with job rates, household spending and consumer confidence all up – financial institutions lent more in 2017 than at any year...

Associate Vice-President of Facilities Management Jon Wyman (left) and Dean of Students Jason Zelesky, outside the MWCC Bemis Student Center, one of the few significant higher ed construction projects in 2017.

Central Mass. colleges will face funding, recruiting challenges in 2018

Grant Welker |

Smaller campuses may struggle with declining interest from international students, and colleges will have to work to find the right balance between speech rights and harmful actions.

TreeHouse Brewing Co. in Charlton regularly has hours-long lines for its beer.

Food, beer and sports will dominate Central Massachusetts' hospitality industry

Zachary Comeau |

This past year was huge for the Worcester restaurant, entertainment and hospitality scene, with exciting announcements and openings.

 
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Lists

Top IT service providers

Ranked by number of employees and then revenue

RankProviderNo. of local employeesTotal revenue*
1Advans IT Services Inc., Marlborough106$23.2 million
2Apps Associates LLC, Acton100$70 million
3Zensar Technologies, Westborough99$460 million

Source: Each provider via survey, *Revenue figure is worldwide



 
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