The real estate industry, particularly commercial real estate, is at the heart of all business journal coverage, including at Worcester Business Journal. More than just a collection of simple listings of property transactions and proposed developments, the real estate beat is key to understanding the inner workings of the Central Massachusetts economy.
Commercial property owners in Worcester pay a higher tax rate than those in any other Central Massachusetts city or town. The rate of $30.04 per $1,000 of assessed property value is the only one in the region higher than $30. Worcester’s commercial tax rate is even higher than Boston’s $25.27 rate.
Most general media coverage of nonprofits, particularly human services nonprofits, tends to focus on their missions, the need for their services, and the community good they achieve. This type of coverage is important, as it raises a nonprofit’s profile. However, through the business-focused lens of WBJ’s coverage, we are more concerned with how they accomplish their missions.
Massachusetts state Auditor Diana DiZoglio got a huge win on Election Day, when 72% of voters passed a ballot measure granting her office the authority to audit the state Legislature and its operations.
Shortly before Thanksgiving, it was nice to see Worcester Polytechnic Institute and the City of Worcester sign a peace deal over WPI’s purchase of two Gateway Park hotels in September, in a way where WPI acknowledges the negative impact the deal will have on the City’s tax rolls and reaffirms its position as a positive contributor to the city/regional community.
Rarely ever does anything produced by WBJ’s very talented writers move me to tears. This edition’s Champions of Health Care awards hits different, and one story in particular.
When the Massachusetts Cannabis Control Commission decided to establish its headquarters in Worcester’s Union Station, it was quite the win for the city and Central Massachusetts.