July 24, 2023 - Worcester Business Journal

Economy

🔒Q&A: Auburn bookstore founders embrace entrepreneur mentality: “Do it scared”

Millennial couple Courtney and Tyler Galicia took the plunge earlier this year and opened the doors to their first business: the independent bookstore A Great Notion.

Opinion

🔒A Thousand Words: Pessimism about the economy

Amid continuing economic concerns, business pessimism is on the rise in the Central Massachusetts Business Confidence Index.

News

🔒Editorial: Higher ed is a strategically important industry in Central Mass.

Even though the entire industry totals just 15 colleges and universities through Central Massachusetts, higher education remains a strategically important industry and plays a critical role in the region’s economy.

Opinion

🔒Viewpoint: Franchises offer vital economic opportunities

As small businesses continue to navigate the post-COVID economic landscape, there is an often-overlooked sector of the economy potentially key to the revitalization of Main Street America: franchises.

Education

Movers & Shakers for July 24, 2023

People are on the move at Saint Vincent Hospital, Rockland Trust, and ERA Key Realty Services.

Advice

🔒101: Worker compensation & benefits

Human resources departments have a core element in compensation and benefits packages.

Advice

🔒Unlocking the power of your executive benefits & compensation

Executives with aspirations of an early retirement or maintaining a higher standard of living in retirement will need to make smart decisions around these supplemental plans and utilize them effectively to optimize their long-term financial plan.

Advice

🔒10 things I know about … Why your business needs a lawyer during a recession

Bowditch & Dewey Partner AiVi Nguyen says a number of legal obstacles come up during slow economic times.

Advice

🔒I set my shame aside and returned my bakery to profitability

Renee Diaz discusses having the courage to take a hard look at her business' spending.

Diversity & Inclusion

🔒The final drop: Women are still underrepresented as college presidents

Despite progress in the lower rungs of higher education’s leadership ladder, women are not equally represented in the industry’s top executive spot.

Diversity & Inclusion

🔒Diversity denied: Affirmative action’s removal from college admissions will impact corporate ladder

With affirmative action now barred in college admissions, workplace and education officials expect an immediate impact in the diversity at the start of the workforce talent pipeline and worry about a cooling effect on DEI efforts overall.

Arts & Entertainment

🔒No bad time for good ideas: eSki shows how startups can build up their profiles

Worcester personal watercraft company shows how even in a shaky economy, good ideas can get close to investment ready.

Banking & Finance

🔒S.P. did it: A young career spent in regulation prepared Seth Pitts to break new ground as Bay State Savings Bank’s next CEO

As a kid growing up in Worcester, Seth Pitts didn’t dream of leading a bank. He will do just that when he is promoted to be the next CEO of Worcester institution Bay State Savings Bank.

News

🔒From the Editor: Reporting on month-old news

When the news of the Supreme Court’s decision broke, we in the WBJ newsroom wrote it up for WBJournal.com. Even though we pride ourselves in being intensely focused on local business news, the decision was too massive for us not to mention it.

Banking & Finance

Workers Credit Union long-time CEO Doug Petersen retires

The second-largest credit union in Central Massachusetts, Littleton’s Workers Credit Union, will have a new leader, as longtime President and CEO Doug Petersen retired on Friday.

July 24, 2023Edition

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