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July 22, 2024Edition

🔒A Thousand Words: Highest-paid CEO in Central Mass.

For the third year in a row, TJX Cos. Inc. President and CEO Ernie Herrman was the highest-paid CEO in Central Massachusetts. Herrman earned $22.2 million in total compensation for fiscal 2023, nearly 1,496 times more than the corporation’s median employee compensation of $14,857, according to TJX’s filings with the U.S. Securities & Exchange Commission.

🔒Editorial: Nurture our Central Mass. superpower

In Worcester, a city defined by the flow of immigrants over the centuries, and throughout Central Mass., immigrants start businesses at a higher rate than natural-born residents, according to a 2018 joint report by the Worcester Regional Research Bureau and Worcester Business Journal.

Movers & Shakers for July 22, 2024

Employees at the Worcester Regional Chamber of Commerce, Shepherd & Goldstein of Worcester, and Nichols College in Dudley are on the up and up.

🔒101: How to build an effective team

Recognizing individual strengths, outlining shared goals, and establishing clear parameters are all elements of a successful team.
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🔒Modernizing the electric grid

The plan complements Massachusetts’ ongoing decarbonization efforts and provides a roadmap for how we can ensure all needed infrastructure is built in an equitable fashion.

🔒4 Things I know about … Using AI in marketing

Julia Becker Collins, COO of Vision Advertising, provides some advice on using emerging AI technology to assist with marketing

🔒The new president: Under Donna Hodge, Fitchburg State looks to provide more pathways for non-traditional students

Hodge takes the role at a time where colleges across the country are facing the prospect of declining enrollment.

🔒Training the workforce: Central Mass. universities are infusing AI into curricula, as they navigate the ethical and technical issues

Central Massachusetts universities are implementing AI technology into courses and trying to address concerns for faculty and students.
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🔒Breaking down barriers: Mass. is easing citizenship requirements to help immigrant-owned businesses obtain diversity certifications

The SDO plans to amend its citizen requirement to allow immigrants with a legal status to qualify.

🔒Home care, without the home: New pilot program aims to improve post-hospital care and reduce homelessness

UMass Memorial Medical Center in Worcester has partnered with the ​​Framingham nonprofit South Middlesex Opportunity Council to open in February a seven-bed pilot respite program.

🔒Candlepin comeback: More than 140 years after its invention in Worcester, alley owners and enthusiasts seek to bring new energy to a once-fading pastime

While candlepin’s glory days are yet to return, there's hope the Worcester-born pastime will live on for future generations.

🔒From the Editor: Starting to actually use AI

Even though very few companies are actually using AI now – a U.S. Census Bureau survey from November found only about 4% of businesses are using the technology – the anticipation is many, many more will use it in the future.
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Cameras, not guns: Worcester native’s HollyWoo Studio looks to add to region’s media scene, provide creative outlet for youth

The studio space includes multiple podcast studios, space for editing and production work, and a larger studio for film and photography work.

🔒Viewpoint: iLottery offers a solution for the budget challenges facing Mass. cities and towns

iLottery would provide an annual source of revenue that would grow year over year with a projected $230 million for the state by the end of its fifth year.

Cookies-branded dispensary in Worcester sues California firm over $2M ownership sale

Worcester-based social equity cannabis dispensary New Dia is suing a California-based entity, claiming the firm has failed to pay an agreed upon purchase price of $2 million for a minority stake in the dispensary. 
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