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This prediction is awaiting official approval, which will come when the U.S. Bureau of Labor Statistics releases its annual unionization report on Jan. 19. However, the percent of Mass. workers represented by unions rose from 12.8% in 2020 to 13.6% in 2021, and Central Mass. saw significant union wins at Clark University, Saint Vincent Hospital, Milford Regional Medical Center, Worcester Polytechnic Institute, and Starbucks, so the chances this prediction is correct is very likely.
[Related: Check out the WBJ newsroom's predictions for 2023.]
While it did consolidate its older warehouse in Milford, the online retail giant unveiled plans in 2022 for new operations in Westborough, Charlton, and Grafton.
This prediction was a lot bolder than it seems, as Attorney General Healey hadn’t even announced her gubernatorial candidacy until after this prediction was made. With Gov. Charlie Baker not running for re-election and Republican candidate Geoff Diehl giving a half-hearted attempt in the election, Healey won the race easily with 64% of the vote.
Rising rents remain an ongoing issue in the city, as they’ve risen 80% in the last seven years. Government and community officials are working to help alleviate the problem, but the conversation has centered around a proposed inclusionary zoning policy, not rent control.
We’re taking partial credit for this one, as the City’s planned revenues in the ballpark taxing district only raised $655,374 of the $2 million that was needed. However, the City’s $3-million sale of public property near the ballpark went through during the fiscal year, so technically the City got what it needed to make its payment.
Initially adopted in 2020 during the coronavirus pandemic, WRTA has extended the fare-free policy through June 2023 and is still in discussions to make it permanent. But that hasn’t happened yet.
Through the end of November, the combined adult-use and medical marijuana sales in the state totaled just under $1.6 billion. That is an annual record for the young industry, but it won’t crack $2 billion by the end of the year.
Even as the number of sales have slowed toward the end of 2022, the median home price in Central Massachusetts continues to rise, although it has started to taper off. Year to date through November, the median price of a sold home in Worcester County was $408,000, a 9% increase from the first 11 months of 2021.
Shortly after the 301-day nurses strike ended in January, Saint Vincent was full of non-union nurses who had filled in during the strike. A number of union members who were dissatisfied with the MNA’s handling of the labor stoppage held a vote to decertify the union at the hospital. That effort failed 302-133.
After Becker College in Worcester closed in 2021, it appeared another small Central Massachusetts college with little endowment and limited applications would struggle as the higher education industry suffers through the demographic drop in the number of high school graduates. Instead, all the region’s colleges open at the start of 2022 remain open today.
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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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