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The presence of MCPHS — formerly the Massachusetts College of Pharmacy and Health Sciences — is unparalleled in downtown Worcester. And the local power and influence of its president, Worcester native Charles Monahan, may be unrivaled in higher education.
Over the past 14 years, the Boston-based graduate school has almost singlehandedly catalyzed a revitalization of downtown Worcester. Because the Worcester campus has less than 400 housing units and most MCPHS students aren't from the area, about 800 rent nearby. So last year, MCPHS bought 29 condominiums at North High Gardens on Salisbury Street and agreed to lease 26 under-development micro-apartments on Main Street.
Then last January, the school acquired a 3.5-acre property adjacent to its buildings in Lincoln Square and formerly owned by Morgan Construction Co., for $2.9 million. The school is redeveloping the site — which has two attached buildings totaling more than 90,000 square feet — into housing. Because of those moves and the school's $10-million renovation of the former Crowne Plaza Hotel, MCPHS is often viewed as both a school and an economic-development business.
Under Monahan's leadership the school has become a huge community resource. Because of Monahan's outstanding business and community leadership, the Worcester Business Journal named MCPHS the Corporate Citizen of the Year for 2013 in Central Massachusetts.
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Clifford J. Schorer III: Board of Directors, Worcester Art Museum
Joseph Salois: CEO, Atlas Distributing Inc., Auburn
John Prosser: Chairman, Seven Hills Foundation, Worcester
James Paulhus: President and CEO, UniBank for Savings, Whitinsville
Michael O'Brien: City Manager, City of Worcester (Until Jan. 5, 2014)
Tim Murray: President and CEO, Worcester Regional Chamber of Commerce
Jim McGovern: U.S. Rep., Worcester
David ‘Duddie’ Massad: Chairman, Commerce Bank & Trust, Worcester
William Manley: Founder and CEO, Calare Properties, Hudson
Gordon Lankton: Founder, Museum of Russian Icons and Gallery of African Art, Clinton
Warner Fletcher: Partner, Fletcher Tilton, Worcester
Gerald Fels: Trustee Emeritus, Nichols College, Dudley
Fred Eppinger: President and CEO, The Hanover Insurance Group
Christopher Egan: President, Carruth Capital, Westborough
Mary DeFeudis: Philanthropist and Volunteer, Northborough
Dr. Eric Dickson: CEO, UMass Memorial Health Care Inc., Worcester
Anthony Consigli: President, Consigli Construction Inc., Milford
P. Kevin Condron: Chairman and CEO, The Granite Group LLC, Concord, N.H.
Ralph Crowley Jr.: CEO, Polar Beverages, Worcester
Dr. Michael Collins: Chancellor, UMass Medical School, Worcester
J. Christopher Collins: Senior Vice President and General Counsel, Unum Group, Worcester
Gail Carberry: President, Quinsigamond Community College, Worcester
Robert Antonucci: President, Fitchburg State University
Michael Angelini: Chairman, Bowditch & Dewey, Worcester
Clifford J. Schorer III: Board of Directors, Worcester Art Museum
John Prosser: Chairman, Seven Hills Foundation, Worcester
James Paulhus: President and CEO, UniBank for Savings, Whitinsville
Jim McGovern: U.S. Rep., Worcester
Christopher Egan: President, Carruth Capital, Westborough
Anthony Consigli: President, Consigli Construction Inc., Milford
J. Christopher Collins: Senior Vice President and General Counsel, Unum Group, Worcester
Businesses In Downtown Worcester See Revenue Lift With Influx Of Students
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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