Please do not leave this page until complete. This can take a few moments.
Every year, WBJ's editorial staff makes 10 predictions for news events in the coming year. Turns out, 2021 was almost impossible to predict, as we got three right.
This one came true rather quickly. In January, the City of Worcester announced costs had risen to $159.5 million, surpassing the $150-million home of the Las Vegas Aviators, even after adjusting for inflation.
Well, we couldn’t have been more wrong on this one. Back at the end of 2020, herd immunity seemed plausible, with the COVID vaccines in high demand and everyone anxious for the pandemic to be over. The initial positive wave of vaccinations and relaxed regulations to start the year came were followed the large number of anti-vaxxers, then the Delta variant, the fall surge, Omicron, etc.
Much like our predictions hoping for a quick end to COVID by summer 2021, the rebound of the Worcester restaurant industry never fully happened. Even after gathering restrictions were relaxed, the restaurant industry faced staffing shortages. By mid-year, restaurant sales in Worcester were down 12% compared to the previous fiscal year, according to the Mass. Department of Revenue.
By August, JetBlue Airways had returned to Worcester airport, with direct flights to New York City and Fort Lauderdale, Fla. Delta Air Lines came back in November with its own New York City flight. American Airlines initially came back in November, too, with a flight to Philadelphia before dropping that flight in favor of another New York City nonstop.
It wasn’t necessarily a healthy year for local print media, but the region’s daily newspapers publishing at the start of the year were still publishing at the end of the year. The Sentinel & Enterprise in Fitchburg has been shedding staff and no longer has a physical office, but you can still read its content every day.
In Greater Worcester, employment in the manufacturing industry was up 2.3% in October, compared to October 2020, according to the U.S. Bureau of Labor Statistics. Amid a labor shortage, supply chain problems, and the ongoing pandemic, a 2.3% increase is good, although short of a significant rise.
In the MetroWest region alone, more than 135,000 square feet of office space is available for sublease, and that’s before factoring Greater Worcester into the mix, where the likes of Unum vacated 80,000 square feet downtown. Office vacancy rates have been climbing steadily since March 2020. Even as vacancy rates are starting to level off, some of that is due to office space being converted into other uses.
This one might turn out to be true by the end of the year, as Framingham State University is considering two women of color out of its three finalists to replace retiring President Javier Cevallos. However, the two new presidents of local colleges in 2021 – College of the Holy Cross and Nichols College – were both men, although Holy Cross’ Vincent Rougeau is the first Black person to lead the Worcester school.
Much was made of the Massachusetts legislature giving the Cannabis Control Commission explicit permission to regulate HCAs, but nothing was finalized in 2021. They remain a significant barrier to entry for those looking to start a cannabis business.
Heading into December, Central Massachusetts had 44 local craft breweries, including new additions like Double Down in Worcester and Penny Pinchers in Millbury. Breweries like Bull Spit announced new locations, while Wormtown continued its move into distilled beverages.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester 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.
SubscribeWorcester 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.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
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.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments