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Thursday, July 14, 2016
Hanover subsidiary takes loss amid global catastrophes
Worcester-based Hanover Insurance Group announced Thursday its specialist insurance business Chaucer segment will see losses in the second quarter as a result of large loss activity and the weakening of the British pound sterling.
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Worcester firm expands to capture MetroWest market
Worcester law firm Christopher, Hays, Wojcik & Mavricos LLP chose Westborough as the location of its satellite office both for its convenience and access to a significant portion of the Massachusetts market.
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UMass Memorial purchases surgical robot
UMass Memorial Medical Center has purchased a robotic surgical assistant that will help neurosurgeons with complex procedures.
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Fitchburg State getting into big data with new program
Fitchburg State University will offer a graduate certificate in data science this fall, the latest move by one of the region's colleges into the big data sphere.
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Beer makers, distributors at odds
Backers of the beer distribution industry are in opposition to legislation that would free up brewers to change who brings their products to market.
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Big Y acquiring Hannafords in Milford, eastern Mass.
Big Y has reached an agreement to acquire eight Hannaford supermarkets throughout the middle and eastern part of the state.
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Corporate tax credits targeted by Senate
Executives whose pay dwarfs that of their workforce could be constrained from obtaining corporate tax credits in Massachusetts under one of several tax-related proposals up for debate in the Senate Thursday.
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Business groups support House pay equity bill
A business group whose members employ 250,000 people in Massachusetts has declared its support for gender-based pay equity legislation that's expected to clear the House on Thursday afternoon.
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Regional Roundup
Question of the Week
Tuesday we asked: A report from the Worcester Regional Research Bureau recommends the city raise parking rates. The city manages 4,685 parking spaces, and although in fiscal 2015 it generated $3.67 million in revenue, nearly all of it was spent on the expenses of running the parking operations. To fund a centralized division that could theoretically better manage and maintain parking, WRRB recommends raising the parking rates and doing away with special parking rate deals for large organizations.
Do you support raising the cost of parking in Worcester?
  • Keep the Francis J. McGrath Parking Lot in its current configuration by the Worcester Public Library. People need a safe, high visibility place to park near the library and other downtown businesses. In the last fifty years, Worcester has lost many municipal parking lots on the fringes of downtown such as the Chatham Street lots.
  • The answer is yes and no. Yes, institutions that have been getting breaks for a long time should pay their share. There are a number of large businesses that owe the city money for parking deals that are still unpaid. And no, paid parking in downtown is what killed the mall (so they say). In the end though, anyone visiting a city should expect to pay to park. Worcester's rates need to be reasonable, not sky high like Boston. Lastly, if the city is spending most of the money to manage the process now, how does raising costs to fund a new centralized parking division that will better manage the process solve the problem? The new division should cost less to run, thereby saving money and negate the need to raise parking costs to businesses and the public.
  • Worcester needs available, inexpensive parking so employees and visiters will come. A small increase to cover operating costs, but not to fund a new city parking division.
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