th e lost - transwestern - 3.6.15.pdf · march 6, 2015 3 up front a healthy workforce is a more...

BOSTON BUSINESS JOURNAL

March 6, 2015Vol. 35, No. 5, $6.00

160 Federal Street12th FloorBoston, MA 02110

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Breaking news onlineBostonBusinessJournal.com

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WOMEN UP

BUILDING A SOLID

NITSCH 9

WAGING WAR ON A DISEASE

Taking aim at Tay-Sachs One family’s tragedy raises hope for others aff ected by rare diseases. DON SEIFFERT, 4

REAL ESTATE

‘Flipping Boston’ sees thaw aheadReality TV stars predict “slingshot eff ect” for spring home sales. CATHERINE CARLOCK, 6

OUTSIDE THE BOX

Th e comeback kidAt Healthworks, Mark Harrington Jr. returns to the family business. JAY FITZGERALD, 11

STARTUPS

EXECUTIVE PROFILE

RALLYPOINT AIMS FOR 1M MEMBERS THIS YEAR 8

OXFAM’S FOCUS ON BOSTON 10

LARGEST ACCOUNTING FIRMS IN MASS. 14-16

Th e lostGENERATION?

NIH GRANT FUNDING HAS STAGNATED NATIONALLY, BUT THE IMPLICATIONS FOR LESS�EXPERIENCED RESEARCHERS

IN MASSACHUSETTS ARE BEYOND TROUBLING.BY JESSICA BARTLETT, 12

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2 BOSTON BUSINESS JOURNAL

R COMING UP

R March 13: Public Relations Firms R March 20: IP Law Firms R March 27: Robotics Cos./Mobile Technology Cos.

R April 3: Foreign-Owned Companies R April 10: Largest VC Deals in Mass.

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READERS GUIDE

Gentle Giant’s sales consultant Jeff Green deadlifts 305 pounds in the company’s warehouse gym. The Somerville-based company is among several in the Bay State singled out as a Healthiest Employer.

HEALTHIEST EMPLOYERS

DIGITAL AND SOCIAL MEDIA R Twitter: Follow us @BostonBizNews R Find us on: Facebook, LinkedIn and Google+

R Morning Edition: An email digest of top stories from local, regional and national sources.

R Afternoon Edition: Afternoon roundup of the day’s stories.

R Digital Edition: Print subscribers can access a digital replica of the weekly print edition.

R Newsletters: TechFlash, BioFlash, Commercial Real Estate, Startups & Venture Capital.

NEWS TIPSContact reporters directly, or send news tips to managing editor Craig Douglas [email protected].

EVENTS The Boston Business Journal hosts networking, award and education events throughout the year. View the schedule and register for events at BostonBusinessJournal.com/event.

R March 12: Healthiest Employers. R March 24: Book of Lists Gala.

SUBSCRIBESubscribe, make changes to your sub-scription or get help accessing the digital edition by contacting Michelle Laczkoski at 617-316-3207 or email at [email protected]. You can also subscribe at BostonBusinessJournal.com/sub-scribe.

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ABCAcquia .............................. 8

Adams Community Bank ..... 6

Admirals Bank.................... 6

Akamai Technologies ......... 8

Altiostar Networks ............ 8

American Medical Systems . 7

Baker, Charlie .................... 5

Bank of America ................. 6

Bauer, Paul ...................... 22

Baxter International ........... 7

Berkshire Bank ................... 6

Bertko, John ...................... 5

Blue Hills Bank ................... 6

Boston Medical Center...... 12

Boston Private ................... 6

Boston Redevelopment

Authority ....................... 6

Boston Scientific ................ 7

Boston University ............ 12

Bowditch & Dewey LLP ..... 22

Brandeis University .......... 12

Brigham and Women’s

Hospital ....................... 12

Broad Institute Inc. .......... 12

Brothers, Lisa .................. 26

Brown Rudnick LLP ............ 6

Bundy Scanlan, Agnes ........ 6

Cambridge Trust ................ 6

Campanelli ........................ 6

CityLight Homes ................ 6

Coleman, David ............... 12

Coravin ............................. 8

Covered California ............. 5

Craney, Paul D. ................ 23

DEFDana-Farber

Cancer Institute ............ 12

Davis Malm &

D’Agostine PC ............... 23

Dicerna Pharmaceuticals .... 7

Eastern Bank ..................... 6

Erickson, Tom .................. 8

First Commons................... 6

Ford Foundation .............. 10

GHIGonser, George .................. 5

Goodwin Procter LLP .......... 6

Greenberg Traurig LLP........ 6

Gruber, Jonathan ............... 5

Guericke, Konstantin ......... 8

Harvard Medical School .... 12

Health Connector ............... 5

Institution for Savings ........ 6

JKLJakious, Rick...................... 5

JLL .................................... 6

Leader Bank....................... 6

Leighton, Tom .................. 8

Levy, Frédéric ................... 8

LinkedIn ........................... 8

Lynch, Sean ....................... 6

MNOMartha Stewart Living

Omnimedia .................... 8

Massachusetts Fiscal

Alliance ....................... 23

Massachusetts General

Hospital ....................... 12

Massachusetts High

Technology Council ........ 8

Massachusetts Institute

of Technology................. 5

Massachusetts Nonprofit

Network ......................... 5

Massachusetts Teachers

Association .................... 6

Meetinghouse Bank ............ 6

Mello, Craig ..................... 12

Microsoft .......................... 8

Moskowitz, Samuel .......... 23

NASA ................................ 8

National Institutes

of Health ...................... 12

NBC .................................. 8

Nitsch Engineering .......... 26

Nitsch, Judy..................... 26

North Shore Bank ............... 6

Northeastern University ... 26

Offenheiser, Ray .............. 10

Orf, Harry ........................ 12

Oxfam America ................ 10

PQRPfizer ................................ 7

RallyPoint ......................... 8

Randolph Savings Bank ...... 6

STUSeymour, Dave ................... 6

Smith, Tim ...................... 10

Souhleris, Peter ................. 6

Spring Insurance Group ...... 5

Taveras, Angel ................... 6

TD Bank ............................ 6

Tea Leaves Health .............. 5

Treliant Risk Advisors ......... 6

Tufts Medical Center ........ 12

UbiCare ............................. 5

University Massachusetts

Lowell.......................... 26

University of Massachusetts

Medical School ............. 12

VWXYZVistage ............................ 26

Walden Asset Management 10

Weiss, Yinon ..................... 8

R NEWSMAKERS

Boston Business Journal is a publication of:American City Business Journals,

120 W. Morehead St., Charlotte, N.C. 28202Whitney Shaw, CEO; Ray Shaw, Chairman (1989-2009)

Fair and accurate coverage is at the heart of our mission. We will promptly print corrections of substantive errors. If you believe incorrect or unfair information has appeared in the Boston Business Journal, please contact Managing Editor Craig Douglas at [email protected]

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MARCH 6, 2015 3

UP FRONT

A HEALTHY WORKFORCE IS A MORE PRODUCTIVE WORKFORCE!

The BBJ is honoring the most outstanding

health and wellness programs at our

5TH ANNUAL

HEALTHIEST EMPLOYERS AWARDS

We’ll discuss innovative strategies to

keep the workforce healthy and hear

from the companies who are leading

the way on health & wellness in

the workplace.

Thurs., March 12, 7:30-10:30am Westin Waterfront, Boston Space is extremely limited at this event. This event will sell out. Purchase your ticket or table today!www.bizjournals.com/boston/event/119331Small Co. Finalists (2-99 employees)

Borislow InsuranceMassachusetts Hospital AssociationOMAM (formerly Old Mutual Asset Management)

Sargent & Associates Loss Management Co.

Midsize Co. Finalists(100-499 employees)

Gentle Giant Moving CompanyPotpourri Group, Inc. Virgin PulseWilliam Gallagher AssociatesWinchester Country Club

Large Co. Finalists (500+ employees)

Babson CollegeBiogen IdecBlue Cross Blue Shield of MassachusettsCambridge Health Alliance EMC CorporationGranite Telecommunications, LLCHinesHP

Kronos incorporatedMount Auburn HospitalMovement MortgageNFP Corporate ServicesSouthcoast HealthState Street CorporationTufts Health PlanWellesley College

Patron Sponsor: Booth Sponsor:

Presenting Partner:

Standard & Poor’s has upgraded a slew of credit ratings for MCPHS University in Bos-ton, calling the fast-growing school one of the “premier universities of its kind” amid a spike in demand for its pharmacy and health sciences programs.

Th e ratings fi rm said the upgrades aff ect a handful of MCPHS debt tranches and refl ect a growing confi dence in the school’s busi-ness model, fi nancial resources and gover-nance. Th e ratings changes included:

R An upgrade to A+ from AA- for the school’s $26 million 2013 bond issue.

R An assigned AA- credit rating for two 2015 bond off erings for $45.8 million.

As of June 30, the Boston-based pharma-cy and health sciences college had approxi-mately $107 million in debt outstanding.

“Th e upgrade on MCPHS refl ects our view that this health and life science-oriented uni-versity ... is one of the premier universities of its kind in the country,” wrote S&P credit analyst Ken Rodgers. He added the school’s proximity to “world class” academic and medical facilities provide “unique advan-tages that competitor schools can’t match.”

MCPHS, which until recently operated as the Massachusetts College of Pharma-cy, has seen explosive growth this decade as demand for well-trained pharmacists, researchers and health technicians has boomed nationally.

Since 2010 the school’s full-time equiv-alent enrollment has surged 48 percent to 6,700 students.

— Craig M. Douglas

SYSTEM OVERLOADUMASS ENROLLMENT SURGE DRIVEN BY BOSTON, LOWELL CAMPUSESThe University of Massachusetts system recently finalized enrollment figures for its five campuses and in the process confirmed that its total head count topped the 72,000 student threshold. Since 2010, the system has seen a percent increase in total enrollment, with roughly 85 percent of that growth coming from its Lowell and Boston campuses.

2010 2011 2012 2013 2014 CHANGE SINCE 2010

Amherst 27,569 28,084 28,236 28,518 28,635 4%Boston 15,454 15,741 15,874 16,277 16,756 8%Dartmouth 9,432 9,225 9,210 9,053 9,111 -3%Lowell 14,702 15,431 16,294 16,932 17,191 17%Worcester 1,158 1,189 1,160 1,161 1,103 -5%

UMass totals 68,315 69,670 70,774 71,941 72,796 7%

YOU HEARD THAT RIGHT:

‘Further progress will continue to require prioritization and focus, diffi cult choices, hard work, and the support and goodwill of the entire Wellesley College community.’— WELLESLEY COLLEGE CFO AND TREASURER BEN HAMMOND, writing in the school’s annual report about a plan to trim $20 million in annual operating costs from its budget.

BY THE NUMBERSMCPHS University

$103.5MPositive cash flow generated from operations in fiscal 2014. That number was up 17 percent for the year.

$218MTotal revenue at MCPHS University in fiscal 2014. That total was up 10 percent for the year.

$525.8MCash and investments held by MCPHS University as of June 30. Those assets have more than doubled from the $178.1 million reported four years earlier.

CAMPUS REPORT CARD

MCPHS University makes the grade as growth booms

COURTESY PHOTO

MCPHS operates in Boston, above, Worcester and Manchester, N.H.

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UP FRONT

Senior Sales ProfessionalAre you passionate about your career? At the Boston Business Journal — our people drive our passion to deliver business news that is essential to Boston’s leaders. Discover a place where you’ll work with a team of professionals dedicated to providing bold leadership and distinctive client service. Spend each day engaged in meaningful and challenging goals. Be supported in your professional growth and recognized for your contributions. The BBJ is currently recruiting experienced senior sales professionals with a media sales background.

Submit resume & recent earnings range to: Angela Canale, Director of Advertising and Media Sales [email protected]

We’re looking hard forthe right person.

WAGING WAR ON RARE DISEASES

‘Th is disease takes away everything’ONE FAMILY’S STORY OF TAY�SACHS

Th e fi rst clue that something might be wrong with Cameron was, oddly enough, a diagnosis of Tay-Sachs disease in her cousin.

Cameron had just received a perfect report at her fi ve-month checkup when her parents, Blyth and Charlie Lord, got the news about 18-month-old Hayden, who had just been diagnosed with the rare but fatal genetic disease that causes mental and muscular deterioration. Th ere are no treatments.

Since both parents must be carriers of the gene for the disease to be present, Blyth Lord knew her own husband must also carry the gene. A month later, despite infi nitesimal odds, she learned found that she was a carrier, too.

Th at was 15 years ago. Cameron lived another 18 months. “She was even, happy, gentle. She was soulful,” says Lord. “But this disease takes away everything — in the end, they have no aff ect at all. But she communicated a lot, through her eyes.”

With International Rare Disease Day this Saturday, dozens of Cambridge-area biotech fi rms can rightfully take pride in their work to fi nd future treatments for rare, fatal diseases. But Lord wants to make sure an equal amount of attention is paid to supporting families.

Lord, 47, has helped found two non-profi ts in Cameron’s memory: One, the Cameron and Hayden Lord Founda-tion, funds medical research into so-called lysosomal storage disorders, but also pediatric palliative care research and bereavement support for families of children with rare, deadly diseases. Th e other, the Courageous Parents Network, begun in 2013, focuses solely on giv-

ing parents online support to cope with their child’s illness. Lord says that’s an underserved need in the rare disease community.

“Th ere’s a lot of philanthropic money going to medical research ... and medi-cal research is great, but what about the other pieces?” she said. “Medical research doesn’t help people here and now. Pallia-tive care is for the here and now.”

Courageous Parents was just named a 2015 Social Innovator by Root Cause, a consultant to nonprofi ts. Lord says the honor comes with a small cash award plus about $125,000 in services to help accelerate its mission.

Lord says she hopes the award will help attract more money to support fam-ilies coping with diseases with no treat-ments. She knows from personal expe-rience what a profound diff erence that support can make.

“What I know is, families are changed forever by this ... they are transformed in ways that are bearable and inspiring,” she said. “I’m an example of that.”

— Don Seiff ert

W. MARC BERNSAU

Rare encounterTh e BBJ hosted a forum last week on the topic of gene therapy, which seeks to cure genetic diseases by replacing a patient’s DNA. BioFlash editor Don Seiff ert (left) moderated the Feb. 26 discussion that included Seng Cheng, vice president of Genetic Diseases Science at Genzyme Corp., Steven Paul, CEO of Voyager Th erapeutics, and Jim Geraghty, partner at Th ird Rock Ventures. Th e event was held two days before the observation of International Rare Disease Day.

COURTESY PHOTO

Blyth Lord and her daughter Cameron, who died of Tay Sachs disease in 2001.

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I [email protected] 617-316-3227 @BOSBIZJESS

HEALTHCARE INC. Reporter Jessica Bartlettcovers the health care industry

“I always look for the best options for a client. So I always look at the Health Connector.” Darren Ambler, co-owner, Insight Insurance Agency, Danvers

“When I’m looking for the right health plan for a small business owner, I always check the Massachusetts Health Connector.Many times, it’s simply the best choice on price and value.”

A Health Connector Business Express plan could mean extra savings, because if your small business has fewer than 50 employees and meets federal requirements, you may be ableto take advantage of:

•Federal Small Business Tax Credits – which can substantiallyreduce premium costs.

•The Wellness Track Program – helping your employees stayhealthy, and lowering your business’ insurance premium costsup to 15 percent.

If you own a small business, be sure you and your broker check the state’s Health Connector. Visit MAhealthconnector.org.Or talk to your broker.

MAhealthconnector.org

Ask your broker aboutincentive programs exclusively through the Health Connector.

PARTING WAYS

Th ree Connector takeaways with MIT professor Gruber MIT Professor Jonathan Gruber and three of his colleagues left the Health Connector board last month, acquiesc-ing to a resignation request from Gov. Charlie Baker. Th e move aff ected Gru-ber, an economics professor at MIT; John

Bertko, an actu-arial consultant with Covered Cal-ifornia; Rick Jaki-ous, the CEO of the Massachusetts Nonprofit Net-work; and George Gonser, the CEO of Spring Insur-ance Group. All helped oversee the state’s online

health insurance marketplace. In a brief interview, Gruber off ered the following takeaways:R 1. The governor wants his own people.

“He has four slots to appoint and he’s eager to take the Connector in whatever direction he wants and he wants to do it with his own people.”

R 2. The hard part is finished.“The most important work done was in the early days, setting up our system. I’m happy I was able to be a part of that.”

R 3. The program is working as planned. “Everything we wanted from this law has come true. We’ve covered the uninsured, we’ve fixed a broken market.”

TAKING A SHOT

MIT injectable gel could change drug deliveryResearchers at the Massachusetts Institute of Technology are negotiating potential licensing deals with drug fi rms for a new nanogel technology that’s fl exible enough to be injected into a patient, but stable enough to stay in place to provide direct treatment for patients.

Th e biodegradable gel is made up of a network of nanopar-ticles that can collapse and then expand in a given space.

Researchers can outfi t the gel with certain drugs. Most drugs, by contrast, course through the blood stream and get distrib-uted throughout the body. Th e gel stays where it is injected, delivering drugs more slowly and over a longer period of time.

Authors hope the therapy can be used for macular degener-ation, to help repair damaged heart tissue, and implanted dur-ing cancer surgeries to kill any cancer cells that get left behind.

IN BRIEFUBICARE, TEA LEAVES HEALTH PARTNERSHIP SEEKS TO BETTER PATIENT COMMUNICATIONBoston-based UbiCare will be able to automatically enroll patients in its medical information service under a new partnership with Georgia-based Tea Leaves Health. Both programs work with hospitals to provide better patient services, with Tea Leaves using data to help hospital executives tailor services to any given population, and UbiCare sending patients emails and texts tailored to their medical condition to keep patients informed.

Jonathan Gruber

M. SCOTT BRAUER | MIT

Th ese scanning electron microscopy images, taken at diff erent magnifi cations, show the structure of the nanoparticle gel.

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A hedge fund is urging Webster Financial Corp. to consider spinning off its market-leading health savings account business, arguing that keep-ing it tied to Webster’s banking divi-sion is undervaluing the company by $1 billion.

In a letter to Webster, Kerrisdale Capital Management said that Web-ster’s HSA Bank unit is strong enough to stand independently. Th e hedge fund’s management pointed to the

$1 billion valuation of HealthEqui-ty, an HSA banking competitor that Kerrisdale said is half of HSA Bank’s size. Kerrisdale owns approximately 2 percent of Webster, which is based in Connecticut but has a growing pres-ence in Massachusetts, including a large Boston branch.

In January, Webster completed its purchase of JPMorgan Chase Bank’s HSA business, a move that increased HSA Bank’s deposits to $3.2 billion.

Local banking lawyer joins federal finance agencyA former TD Bank chief compliance off icer is assuming a role in the senior leadership of the U.S. Consumer Financial Protection Bureau, the federal agency that oversees banks and mortgage services firms’ dealings with consumers.

Cambridge attorney Agnes Bundy Scanlan is the agency’s new Northeast regional director of supervision examinations. In addition to TD Bank, Bundy Scanlan has worked for Bank of America, Treliant Risk Advisors, and the law firm Goodwin Procter LLP.

Former Providence mayor links up with Greenberg in BostonGreenberg Traurig LLP’s Boston off ice has brought on a one-time political rising star to handle consumer lending disputes and other commercial litigation for the firm.

Former Providence, Rhode Island, mayor Angel Taveras is joining Greenberg Traurig as a litigation shareholder. His practice includes lawsuits brought the Fair Credit Reporting Act, the Truth in Lending Act and the Real Estate Settlement Procedures Act, as well as zoning and land use matters.

Taveras served as mayor from 2011 to 2015.

I [email protected]

LAW & MONEY617-316-3235 @BOSBIZGREGRYAN

Reporter Greg Ryan covers the legal and finance industries

Procter LLP.

I [email protected] 617-316-3223 @BOSBIZCATHERINE

REAL ESTATE Editor Catherine Carlock covers real estate

As investors and home “fl ippers,” Dave Seymour and Peter Souhleris make a living running variables and predicting demand in the Greater Boston housing market. And they’ve never seen a winter quite like this one. Seymour and Souhleris own Peabody-based CityLight Homes and also star on their own A&E television show “Flipping

Boston.” Here’s what they had to say about the market’s deep freeze.

What kind of problems arise with homes after this massive snowfall? Seymour: Even regular A-frame homes aren’t designed to carry these snowloads. And if you don’t remove the snow and ice, you start to see ice dams build up. I’m experiencing it personally; I have 11 ceilings in my house and nine of them are ruined, with ice that has eaten through the eaves and water that’s run into the attic and down the walls.Souhleris: If we had damage on nine ceilings out of 11 ... that could be anywhere from $2,000 to $5,000 per room. We’d have to cut out that whole section of ceiling. We’ve got to worry about water damage, mold, insulation being wet. It’s more of a living nightmare.

Will the lost activity of this winter lead to pent-up demand and a strong spring market?Souhleris: I think contractors are going to have the busiest spring they’ve seen in a long time. For sellers who have damage and don’t have the money to fix it, it’s not ideal, because now they’ve lost all that value.Seymour: The market is going to be busy because of the combination of the slingshot eff ect — where everyone’s holding back because of the winter — and also because interest rates are low.

THE BIG THAW

Stars of ‘Flipping Boston’ see busy spring ahead

Dave Seymour

James Smith, CEO of Webster Financial Corp.

Peter Souhleris

Q&

A

IN BRIEFMELNEA HOTEL DELETED FROM BRA AGENDAOne notable project excluded from the BRA’s February board meeting was the Melnea Hotel project at Parcel 9 in Roxbury.

The BRA in July 2013 approved 1.3-acre tract of city-owned land on Melnea Cass Boulevard to host a 186,000-square-foot project, including a 145-room Melnea Hotel, 50 rental units and 8,000 square feet of commercial/retail space.

The item was removed from the BRA agenda late last week.“We still felt as though there was insuff icient support among the

community and elected off icials to allow this project to go before the board for a vote,” BRA spokesman Nick Martin said in an email.

DEAL OF THE WEEKMASSACHUSETTS TEACHERS MOVING TO QUINCY

The Massachusetts Teachers Association is moving its headquarters to Heritage Landing in Quincy.

The MTA has signed a long-term lease for 46,000 square feet at Heritage Landing, a 350,000-square-foot corporate campus owned by Braintree-based real estate firm Campanelli.

JLL Senior Vice President Sean Lynch negotiated the lease for the MTA.

The MTA in October sold its Beacon Hill headquarters at 20 Ashburton Place for $9.85 million, according to prior Business Journal reporting. The MTA built the building in 1968.

COURTESY PHOTO/CAMPANELLI

Braintree-based Campanelli owns Heritage Landing, a two-building, 350,000-square-foot corporate campus in Quincy.

FILL ‘EM UP

Massachusetts banks bulked up on deposits in 2014Total deposits in Mass.-based banks increased $4.2 billion, or 4.4 percent, in 2014 compared to the previous year, according to the FDIC. Here are the traditional savings and lending banks that added (and lost) the most deposits year-over-year.

THE BIGGEST GAINERSBANK 1-YEAR INCREASE ($) TOTAL DEPOSITS AS OF DEC. 31

Berkshire Bank $775.4 million $4.7 billionEastern Bank $748.4 million $7.8 billionBlue Hills Bank $401.3 million $1.3 billionBoston Private $359.9 million $5.5 billionInstitution for Savings $325.6 million $1.7 billion

BANK 1-YEAR INCREASE (%) TOTAL DEPOSITS AS OF DEC. 31

North Shore Bank 43.4% $527 millionBlue Hills Bank 42.8% $1.3 billionNeedham Bank 30.4% $1.2 billionMeetinghouse Bank 29.2% $88 millionLeader Bank 28.0% $566 million

THE BIGGEST LOSERSBANK 1-YEAR DECREASE ($) TOTAL DEPOSITS AS OF DEC. 31

Admirals Bank -$121.5 million $391 millionCambridge Trust -$36.6 million $1.4 billionRandolph Savings Bank -$26.3 million $297 millionFirst Commons Bank -$15.4 million $213 millionAdams Community Bank -$15.1 million $315 million

R ON THE MOVE

IN THE CROSSHAIRS

Webster Bank pressured by hedge fund

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MARCH 6, 2015 7

Please join the Boston Business Journal for this annual event in learning and honoring how these top companies continue to keep the pace!

When: Thursday, April 16, 2015, 7:30am-10:30amWhere: Sheraton Boston Hotel

Keeping the Pace

Get Your Ticket or Table Today!bizjournals.com/boston/event/119351

EVENT SUPPORTER

MARCH 6, 2010101011011111111111101110111111100000101111011111010001011101010100010101010111100001101010110100000011011110101000001110000011000000000010111100000000015555555555555555555555555555555555555555555555555555555555555555555555555555555555555555555

BIO FLASH Editor Don Seiff ert covers biotech

I [email protected] 617-316-3271 @BOSBIZDON

BAXTER BEGINS HIRING FOR PLANNED DRUG SPINOUTBaxter International, the Illinois-based life science company planning to open a 400-employee pharmaceutical R&D center in Kendall Square this year, has begun hiring here.

Baxter announced last September that it was behind a year-long eff ort to find space for a large R&D center in Cambridge code-named Project Tiger. It chose 650 Kendall St. as the site of a 200,000- square-foot R&D facility for the biopharmaceuticals company it planned to spin off .

At the time, it said the company, to be called Baxalta, would be based in Illinois when the spinout occurred in mid-2015, but had not yet chosen a site for the headquarters. Last month it signed a lease lasting more than a decade for a 260,000- square-foot facility in Bannockburn, Illinois.

BOSTON SCIENTIFIC BUYS MEN’S HEALTH BUSINESS FOR $1.6BIt didn’t take long after Boston Scientific freed up a pile of cash by settling its litigation with Johnson & Johnson for the company to put that money to use.

This week Boston Scientific Corp. announced it will buy the men’s health business of Minnetonka, Minn.-based American Medical Systems (owned by Endo International) for $1.6 billion plus up to $50 million in milestones. AMS is an 800-employee, $400 million company that sells devices to treat enlarged prostate, urinary incontinence and erectile dysfunction.

The deal is expected to close by the end of September.

R IN BRIEF

HEADCOUNT ADJUSTMENTS

Pfi zer targets research jobs in CambridgeTwo weeks after Sanofi cut research and develop-ment jobs at its Cambridge site, another pharmaceu-tical giant, Pfi zer, says it will be making “select head-count reductions” in R&D at sites, including its new 1,000-employee research center in Kendall Square.

In a statement, the New York City-based drug giant (NYSE: PFE) didn’t say how many jobs will be cut, say-ing it “periodically makes adjustments to its staffi ng

mix” and that it will be “reallocating headcount to other growing areas of the organization.”

Th e company said it plans to hire researchers in the currently hot fi elds of immune-oncology (using the body’s immune system to fi ght cancer) and gene therapy (replacing disease-causing genes with healthy ones). Pfi zer will also be making R&D cuts at its Col-legeville, Pennsylvania, site.

DICERNA DOUBLES IN SIZE AND MOVES

TO WEST CAMBRIDGEDicerna Pharmaceuticals moved

into a new 37,000-square- foot offi ce and lab space at 87

Cambridgepark Drive last week formerly occupied by Pfi zer. Jim

Weissman, chief business offi cer, said the building is a perfect fi t

for the company that’s grown from 20 to 35 employees over

the past year, with an open offi ce environment to encourage

collaboration. COURTESY PHOTO/ DICERNA

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MAKING A CYBER BET

Akamai Technologies to hire up to 1,000 this year; acquisitions targetedWith demand surging for fast content delivery and cybersecurity services among online ven-dors, Cambridge-based Akamai Technologies plans to hire as many as 1,000 employees this year, bringing total headcount to about 6,000.

Th e company’s big hiring push comes within its newly formed Emerging Mobile Products Busi-ness Unit; the company is in particular need of software engineers, architect engineers and prod-uct management directors.

Akamai delivers cloud services and security for many enterprise-level clients including Micro-soft, Martha Stewart Living Omnimedia, NBC and NASA, among others.

Akamai CEO Tom Leighton said in an inter-view that the current landscape of cyber threats is disconcerting, citing recent major hacks on web-sites, denial-of-service attacks, and credit card and personal identity thefts online.

“Th ere’s all sorts of bad actors out there,” he

said. “Th e tools to cause harm are freely available on the web, and the cloud is used as a platform from which to attack. Th at’s a bad situation.”

— Sara Castellanos

STARTUPS & VCI

[email protected]@BIZJOURNALS.COM

Editor David Harris &Reporter Sara Castellanos

617-316-3239617-316-3272

@BOSBIZDAVID@BOSBIZSARA

8

I

TECH FLASH Editor David Harris &Reporter Sara Castellanos

IN BRIEFWINE TECH STARTUP ADDS FORMER NESPRESSO EXECCoravin, a wine technology startup based in Burlington, announced Monday it has added former Nestlé Nespresso executive Frédéric Levy as CEO.

Levy was formerly the president of Nespresso USA and will be responsible for overseeing Coravin’s domestic and international expansion.

Levy is replacing former CEO Nick Lazaris, who retired at the end of January.

Coravin was founded in 2011 and launched in 2013 with its Coravin Wine Access System, a patented technology that allows users to access and pour wine from a bottle without pulling the cork.

Altiostar Networks raised $20 million this week, according to a regulatory filing. Altiostar makes hardware for cell towers that make it possible for cell phone carriers — such as Verizon and AT&T — to more intelligently, eff iciently and cost-eff ectively send data wirelessly than the technology that’s currently available.Here’s what you need to know about the company:Headquarters: TewksburyCEO: Ashraf DahodInvestors: Unknown, but the company has previously raised funds from Cisco Systems.Total funding to date: $140 millionWhat the new money will be used for: Altiostar, one of the most well-funded startups in Massachusetts, already has more than 200 employees, with about 40 in Tewksbury. And those numbers will at least double over the next year, Dahod told the BBJ recently.

AKAMAI’S Q4 EARNINGS REPORT

$2 billionThe company’s full-year 2014 revenue, a 24 percent increase from 2013

$536 millionSales for Akamai’s fourth quarter 2014, up 23 percent from the same period in 2013

1,700The number of customers who were using Akamai’s security products at the end of 2014

800Customers who were using Akamai’s security products at the end of 2013

R DEAL OF THE WEEK

R BY THE NUMBERS

Coravin CEO Frédéric Levy

‘NETWORK EFFECT’

Military social network RallyPoint aims for 1M members this yearRallyPoint, a military social network based in Watertown, said last week that it added one of the co-founders of business social networking site LinkedIn to its board of directors as it expects to attract 1 million members by the end of this year.

Th e startup said LinkedIn co-founder Konstan-tin Guericke joined the board recently. Guericke is also currently on the board of physician social networking site Doximity, which has raised $82 million in funding since it was founded in 2011.

RallyPoint CEO and co-founder Yinon Weiss said the addition of Guericke would help Rally-Point expand and possibly grow to off er other ser-vices such as fi nancial services and e-commerce.

But the most important function is to grow the network, which currently consists of more than 550,000 members, according to Weiss.

RallyPoint currently has two other non-man-agement board members, including Mark Perutz, a partner at San Francisco-based DBL Investors; and angel investor Jill Preotle, who serves on the boards of Somerville-based e-commerce website Th e Grommet and Boston-based Dancing Deer Baking Co., among other companies.

— David Harris

RALLYPOINT’S GROWTHWith the addition of LinkedIn co-founder Konstantin Guericke, military social network RallyPoint is seeing a “network eff ect” — essentially a growth spike — unfold. Here’s the company’s key factoids:

CEO: Yinon WeissEmployees: 14 as of Feb. 24Military members: 550,000Expected number of members by 2016: 1 million

Total funding: $7 million Investors: DBL Investors of San Francisco, which has invested in Pandora and Tesla, and Asset Management Ventures of Palo Alto, California.

COURTESY PHOTO/ LINKEDIN

LinkedIn co-founder Konstantin

Guericke joined the board of

RallyPoint.

IN BRIEFNEW ONLINE TOOL RANKS MASS., OTHER STATES ON TALENT AND COMPETITIVENESSA new online analytics tool unveiled last week by the Massachusetts High Technology Council seeks to measure how the state measures up against other states in key areas, including talent and business competitiveness.

The project, called the Massachusetts Technology, Talent and Economic Reporting System (MATTERS), has been in the works for about a year, according to Mark Gallagher, executive vice president of Mass. High Tech Council’s Public Policy and Communications division.

The MATTERS tool will have its own website and will contain more than 30 diff erent metrics, including tax policy, cost, talent supply and demand, from various databases, indices and sources.

The information goes back about five years and can be compared with 15 other states that are considered competitors to the Massachusetts tech economy.

YOU HEARD THAT RIGHT‘Th e imperative to be digital-fi rst aligns the priorities for global brands to focus on delivering exceptional digital experiences, and that mindshift is driving demand for the Acquia Platform.’—TOM ERICKSON, CEO of Burlington-based Acquia. The digital services company announced last week it surpassed $100 million in revenue for 2014, up 46 percent from 2013.

W. MARC BERNSAU

Akamai Technologies co-founder and CEO Tom Leighton.

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MARCH 6, 2015 9

E very February for the past 13 years, Nitsch Engineering has invited school-aged girls into its offi ces

for Introduce a Girl to Engineering Day. Th e goal: to help make the rest of the engineering world, where just 11 percent of professionals are women, look more like Nitsch, where roughly a third of its 90-person workforce is female.

“Th ere is huge untapped potential that could be the future of our profession,” said Lisa Brothers, president and CEO of the Boston-based civil engineering fi rm. To date, 120 girls participated in the program, including one Nitsch employee who fi rst visited the offi ce as an 8th grader. She was hired directly out of engineering school, Brothers said.

“Th e best call we can get is when we fi nd out a young girl actually goes into engineering,” she said.

Brothers has led Nitsch for four years and has expanded its services to include land surveying, housing development and transportation. Next month, Nitsch is opening a second offi ce in Worcester, an expansion that no doubt will draw even more women engineers its way. “We need to fi ll that pipeline,” she said.

Brothers recently spoke with the BBJ about her company, the engineering fi eld’s gender issues and her passion for UMass Lowell.

Do you feel being a woman in a predominantly male profession has been an obstacle during your career? My fi rst job out of college was at Mass. Highway Department. It was a great experience for me because I had an advocate. Th ere were defi nitely others who didn’t fi t with having a female on the construction site, but I actually became the fi rst female engineer in the district out on the job, so they were unable to ignore me. I do feel like sometimes females have to work harder to get to the same place, but I also feel strongly it has some good points: People remember the female engineers.

What are you most proud of from your time leading Nitsch? I’m proud that we recently marked 25 years in business. Th at’s a nice milestone. I’m also proud of the strategic direction we’ve set and the way our employees have really stepped up and engaged. We’ve had a 42 percent growth rate over the last four years and the performance of our employees is a big part of the reason.

What are your thoughts on the current state of engineering education here in Massachusetts? Everybody talks about STEM (science, technology, engineering and math) and we need more and more young people to enter those fi elds. Especially as Baby Boomers retire, it’s going to be

a real struggle for us just to continue to fi nd enough talent. Changes in foreign worker-visa rules just adds to the crisis. We defi nitely need to get more people interested in being engineers.

Your alma mater, has long staked out a leadership position in engineering education. What role will UMass Lowell’s engineering programs play in the future?Th e reason I’m so passionate about UMass Lowell is that I would not be an engineer today if they had no engineering program and if it wasn’t aff ordable. I was raised by a single mom and there was little money for school. Retaining that aff ordability and continuing to produce workplace-ready engineers is a key part of the mission going forward as well. Th e transformation of the campus under the new chancellor (Martin Meehan) has been incredible.

You are a big networker. Do you encourage your employees to follow suit? I always tell young engineers you cannot wait until you are a project manager to start building your network. You need to go build it now. If you start when you are younger and get involved in professional organizations, you can hone your leadership skills and grow up with those peers around you and by the time you’re in a lead role in your job, you have that network already around you.

LISA A. BROTHERS

Building a solid foundationMAKING THE CASE THAT OPPORTUNITIES ABOUND, REGARDLESS OF YOUR GENDER

W. MARC BERNSAU

Title: President and CEO, Nitsch Engineering Age: 52 Residence: Wilmington Education: Bachelor of science, engineering, University Massachusetts Lowell, 1984; MBA, Northeastern University, 1999

THE INFLUENCE FACTORWho were the key mentors in your life? (Nitsch Engineering founder) Judy Nitsch. When she said she was going to found her own company, I went into her off ice and told her “Not without me.” This has been a tremendous opportunity for me the last 25 years of my career and for her to plan out the transition of leadership of the company to me; there are not a lot of founders who have the foresight and wherewithal to do what she has done. Do you find yourself serving in a mentorship role to others? I am active through the Center for Women and Work at UMass Lowell and definitely try to make myself available to others looking for advice, male or female. A lot of people made time for me when I was younger and it’s nice to give back when possible. Paying it forward is definitely part of our core values.

R CLOSER LOOK

WomenUp.org aims to increase women’s roles in the global economy by providing mentorship, skill-building and inspiration to female leaders and entrepreneurs throughout every stage of their lives and careers.W MENUP

LOCAL WOMEN OF INFLUENCEO

THE ‘WOMEN UP’ EVENTWILL BE IN DECEMBER.Throughout 2015, as women continue to estab-lish their place as busi-ness leaders, innovators and visionaries, we will profile incredibly talented female executives who are setting the standard for entrepreneurial suc-cess at their companies.

Title Partner: Presenting Partner:

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EXECUTIVE PROFILE

Coming full circleRAY OFFENHEISER’S EFFORTS AT OXFAM HAVE RARELY TARGETED BOSTON. UNTIL NOW.

BY MARY [email protected]

You don’t often see Ray Off enheiser milling about the local philanthropic scene, yet he is running Oxfam Amer-ica, the global anti-poverty organiza-tion that for more than 40 years has been based in Boston.

Offenheiser has compiled an impressive career in social justice and since 1996 has been Oxfam America’s president. In that time, the orga-nization has grown from a grassroots advocate for food and anti-poverty programs into a sophisticated global powerhouse with an $85 million annual budget (none of it government funding) and 435 employees who work in more than 90 countries.

To be sure, Oxfam America is thinking bigger under Off enheiser’s guidance, and in recent years its strate-gy has broadened in two signifi cant ways. First, it has pushed an increasingly broad public policy agenda, nationally and internationally, through its Washington, D.C., offi ce. Second, it has gained more infl uence by spearheading campaigns that hold companies account-able for how they operate in developing countries.

“Th e paradox is that we are an international organi-zation, and one of only a handful based in Boston. But we don’t run programs here, so we’re not in the mix,” Off enheiser said.

He aims to change that, in large part to deepen Oxfam America’s connection to Boston’s colleges and universi-ties, where ideas for social change are generated. Off en-heiser also has chosen Boston as the logical place to

begin building greater domes-tic awareness of Oxfam’s work.

With that in mind, Oxfam will host a March 7 event called the Hunger Banquet at Harvard University’s Radcliff e Institute for Advanced Study. Th e event will be a fi rst-of-its-kind for Oxfam in Boston, although the organization has hosted similar Hunger Banquets for years in churches, schools and commu-nity centers in other U.S. cities.

Guests will be randomly assigned to a high, medium or low income tier. Th e top 20 per-cent will receive a robust meal, the 30 percent in the middle will have beans and rice and the

rest will graze on rice and water. Th e point: To empha-size that life, let alone poverty, is not fair.

Off enheiser’s sense of social justice came early, not long after his Irish Catholic family moved in the 1950s from a comfortable Irish neighborhood in New York City to a Southern Baptist area of North Carolina. He says they lived “a minority existence.”

After college and graduate school, Off enheiser worked with international aid organizations in Mexico and Cen-tral America. He joined the Ford Foundation in the mid-1980s, where he eventually became the regional direc-tor in Latin America. His subsequent stops took him to Brazil, Chile, Peru and eventually to Asia, where he sup-ported Bangladesh’s transition from military rule to a

democratic government. Th ere, Off enheiser befriended Nobel Peace Prize win-

ner Mohammad Yunus and, through the Ford Founda-tion, helped fund Yunus’ Grameen Bank, a microfi nance organization that lends to the poor.

At Oxfam America, Off enheiser has built the orga-nization’s public policy offi ce in Washington, D.C., to a staff of 75 and has started a 501(c)(4) for political organiz-ing. Simultaneously, Oxfam America has begun working with companies (eff orts such as its Behind the Brands campaign and scorecard initiative) on broad initiatives to highlight corporate operations in underdeveloped countries.

“Oxfam’s goal here is not to just raise issues or to fl y the moral fl ag. It’s to contribute to meaningful change and try to be a voice in the businesses community to have them operate diff erently,” Off enheiser said.

Th e approach has earned Oxfam America mixed reviews in the corporate sector.

“Evaluating and measuring how companies are doing — it’s one way of saying we expect you to live up to a high-er standard,” said Timothy Smith, senior vice president of Walden Asset Management, who knows Off enheiser and Oxfam America’s work. “Some companies would talk about respect they have for Oxfam. Others would say they are just another NGO campaign organization.”

Off enheiser doesn’t seem to care much about how the organization is defi ned. He said Oxfam is guided by the principle that social impact does not come from simply raising philanthropic dollars.

“Social change is being driven by idea leadership. And if we’re an idea leader in our fi eld, we’ll drive the change,” he said.

W. MARC BERNSAU

IN PERSONGetting to know the executives who make business tick

RAY OFFENHEISERTitle: President, Oxfam AmericaAge: 65Education: Bachelor’s degree in history and sociology, University of Notre Dame, 1971; Master’s degree in development sociology, Cornell University, 1976Residence: Carlisle

R CLOSER LOOK

Raymond C. Off enheiser, president of Oxfam America

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MARCH 6, 2015 11

IN PERSON

BY JAY FITZGERALDSpecial to the Journal

G rowing up, Mark Harrington Jr. was no stranger to health clubs.

After all, his father and mother founded a health-club business in the Boston area in the late 1970s, a business that eventually became known as Healthworks. “Pretty much every dinner conversation was about the clubs,” recalls Harrington.

But Harrington also had a side interest: computers, technology and “just how things work in general.”

So after getting a college degree in computer science, he worked for years at the Exeter Group

as an IT infrastructure specialist, traveling around the world on project assignments.

But life on the road is, well, life on the road. Harrington says he realized in 2010 it was time to return to where he started: working at the family-owned Healthworks Group, operator of nine area health-club facilities that employ about 500 people with an estimated $30 million in revenue budgeted this year.

Today, Harrington serves as president of the company and oversees two of its four gym concepts: Healthworks Fitness Centers for Women and the recently opened Republic Fitness, a high-end co-ed facility at Boston’s International Place.

Harrington recently spoke with BBJ correspondent Jay Fitzgerald about his career path, the health-club industry and his ultimate vacation.

So how did an IT guy make the switch to running health clubs? I worked for a fantastic company, Exeter Group, and I loved the team there. I loved what I was doing. But the constant travel, which was great when I fi rst got out of college, eventually grew harder, until a point when I decided that I wanted to be at a company where I could be based out of one location, not living out of a hotel. I looked at a bunch of diff erent options. I settled on the health clubs in the end because I’m really excited by the passion of the entire team here.

You grew up with health clubs, but were you into athletics and working out when young? I’ve always been passionate about being outside. I loved hiking, backpacking on nearly all the

mountains in New Hampshire. I felt like I spent every weekend in the fall in high school camping somewhere up in the north.

Today, do you handle much of the IT needs at Healthworks as kind of a side duty? It’s defi nitely an unoffi cial side duty. We have a good IT team helping us. But if I’m at a club and if anyone ever has an IT problem, I’m always happy to step in to help resolve a problem.

Why does the company have four different club concepts and names for facilities, as opposed to one brand for all of them? Each of the brands has a kind of distinct look and feel and diff erent concepts. When we fi rst started Healthworks for Women, it was

a great niche. As we have been trying to expand the company, we found we were able to reach diff erent audiences with diff erent concepts.

Do you see the company expanding outside the region? Th roughout our history, we’ve had several in-depth explorations into expansion outside the region. We’ve kind of settled on a strategy of expanding in the region and, specifi cally, expanding all four of our brands inside the 128 corridor. I think there’s a possibility of up to 20 facilities in the area.

When you work out, what’s your favorite piece of exercise equipment? I tend to like the ones with all the functional exercise movements. So, probably a set of kettle bells would be my favorite — having the body move naturally and using weights to improve movements.

Is there another exercise trend coming down the road that most people don’t know about? I’d say the biggest trend right now is under the umbrella called ‘high intensity exercise.’ Th e ability to really work out intensely and feel great and get great results from it.

What’s your favorite individual or team sport in general? For watching, it’s probably football. I love how critical the team aspect of it is and how important team strategy is to being successful. For myself, I love to ski.

When not working out and working in general, what do you do to relax? I have 2-year-old and 4-year-old girls. I love playing with them. When I can, it’s basically outside with them. Whatever they’re in the mood for that day.

Do you have a hobby? I’m not sure this is a hobby, but I love skiing and hiking. I love being in the mountains. In the winter, it’s on skis. In the summer, it’s in a pair of hiking boots.

W. MARC BERNSAU

ANDY PROOSBLUEWIRE AUDIO LLC

As a family of runners, who enjoy listening to music while engaged in many outdoor activities, we saw the twin concerns of convenience and safety for runners who use

earphones or “earbuds.” We have developed a product that makes listening to music not only safe, but easier, and that led us to create Bluewire Audio.

THOMAS DODGE CEO, FRAME OF REFERENCE MEDIA COLLABORATIONS

As I witness innovative technologies connect individuals on a global scale, I am inspired to lead collaborative media

projects that motivate a cultural shift towards social responsibility. By expanding our frame of reference, we will achieve progress for all humanity.

SARAH RUSSOSARAHBELLUM LLC

As a pharmacist, I saw a need for better management of vital health care information and fielded many health care questions growing out of relationship issues. My company

developed an app to address these questions, and an advice show on dating and relationships.

LESSONS LEARNED

What led you to create your business?

OUTSIDE THE BOX

Th e comeback kidAT HEALTHWORKS, MARK HARRINGTON JR. RETURNED TO THE FAMILY BUSINESS

FUTURE LESSONS LEARNED: How important is networking to your business? Send your 25-30 word answer to [email protected]. Be sure to include a high-resolution headshot.

MARK HAR-RINGTON JR.Title: President, Healthworks GroupAge: 36Education: Bachelor’s degree in computer science, Middlebury College, 2001Residence: Winchester

R CLOSER LOOK

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12 BOSTON BUSINESS JOURNAL MARCH 6, 2015 13

COVER STORY


NIH GRANT FUNDING HAS STAGNATED NATIONALLY, BUT THE IMPLICATIONS FOR LESS�EXPERIENCED RESEARCHERS IN MASSACHUSETTS ARE BEYOND TROUBLING.

BY JESSICA BARTLETT | [email protected]

Massachusetts has built its world-class economy on the back of innovative clusters of hospitals, universities and research institutions. But a key funding source for those organizations — the National Institutes of Health — has in recent years succumbed to the budget pressures and political winds of its master, the federal government.

To be sure, funding has more or less stagnated nationally and come under particular pressure here in Massachusetts, where NIH grants have for decades helped support thousands of jobs and the intellectual capital that drives the local innovation economy.

Th ose fi nancial realities are driving a wedge through the commonwealth’s research community, forcing many of the region’s most established and well-funded institutions to double down on the researchers and projects

with the highest potential returns on investment, that is, with the greatest likelihood of securing lucrative NIH grants. Th at in turn is leaving many of the state’s younger, unproven scientists — a key ingredient for any economy built on advancements in the technology and life sciences sectors — to fend for themselves. For example, the average age of an NIH grant recipient has spiked by 13 percent to 42 years since 1980, while the percentage of grant recipients under the age of 36 has plummeted 13 percentage points — to 3 percent from 16 percent, according to research published in the Proceedings of the National Academy of Sciences.

It remains to be seen whether these NIH trends will ultimately reverse or slow the momentum of the Bay State’s gains in the health and life sciences over time. What’s clear is that the formula to land such funding has changed, and that will have implications in the years to come.

THE OUTLOOK FOR MANY YOUNG RESEARCHERS: ‘BLEAK’University of Massachusetts Medical

School professor Craig Mello may have won a Nobel Prize, but finding

federal funding to continue the work has proved increasingly diff icult.

A recent grant application received a top score from the National Institutes of Health, but funding Mello receives from the Howard Hughes Medical Institute may actually hurt his chances of securing federal funding.

While the additional backing means the Nobel Prize winner won’t be out of a job, without funding from the NIH,

members of his 16-person staff might be.

“If I don’t get it, I will have to shrink my lab,” Mello said. “Two to three people would have to be let go, unless I can rapidly find another source.”

Declines in funding

from the NIH are causing problems for researchers at every level, but the biggest impact has been on the next generation of scientists.

Federal budget pressures are rippling through the Bay State’s long-established research and life-sciences sector, forcing many institutions to more eff iciently invest their time and resources in proven scientists with the potential to land major grants. That is increasingly forcing many of the state’s aspiring researchers to the sidelines.

The problem is bad enough that Kristen Krukenberg is founding an organization called the Future of Research. The organization will do research to analyze where the jobs are and give realistic expectations to others entering the field.

Otherwise, the future is somewhat bleak. UMass Medical School Chancellor Dr. Michael Collins said prospective researchers typically come to medical school at 22 years old, graduating by 24. Additional schooling and research fellowships can last another decade. Given the time it takes to secure a grant, a professional might not see his or her first funding until the age of 42.

“You take the brightest intellectually scientific mind and you say this is the prospect — it can be discouraging,” Collins said.

Incoming researchers see similar problems at the Massachusetts Institute of Technology, where Tyler Jacks, director for the David H. Koch Institute for Integrative Cancer, said he’s seen colleagues shrink their labs by 30 percent or more as NIH grants come up short or don’t surface at all.

As a consequence, far fewer grad students and post docs are receiving training, at a time when genetics breakthroughs have opened a myriad of doors for the work to take place.

“We’re being very short-sighted,” Jacks said. “And we will be paying the consequences for years to come.”

— Jessica Bartlett

Craig Mello

GRANT SUCCESS RATES, BY GENDER AND EXPERIENCEThe percentage of reviewed grant applications that receive NIH funding

MENWOMEN 21percent

2010

19percent

2014

19percent

2010

18percent

2014

MASS. INSTITUTIONS WITH NIH GRANTS■ Total recipients■ Recipients with fewer than 10 grants

BIGGEST INCREASE IN TOTAL GRANT FUNDING SINCE 2010

ORGANIZATION CHANGE IN FUNDING

Children’s Hospital Corp. $21,740,177 Brigham and Women’s $20,474,902 Charles River Labs $13,655,535 Harvard School of Public Health $8,018,014 Massachusetts Eye & Ear Infirmary $5,307,261

BIGGEST DECREASE IN FUNDING SINCE 2010


Broad Institute Inc. $(43,250,210)Beth Israel Deaconess $(24,798,288)UMassMedical School $(21,817,410)Harvard Medical School $(21,281,540)MIT $(14,931,334)

MOST NIH DOLLARS AWARDED IN MASS. 2014

ORGANIZATION TOTAL FUNDING

Massachusetts General Hospital $350,268,662 Brigham and Women’s Hospital $322,834,979 Harvard Medical School $193,646,024 UMass Med School $131,563,483 Children’s Hospital Corp. $126,953,196 Harvard School of Public Health $125,585,257 Dana-Farber Cancer Institute $122,813,873 Boston University Medical Campus $112,678,027 Beth Israel Deaconess Medical Ctr. $110,882,831 MIT $104,284,179 Broad Institute Inc. $95,443,418 Harvard University $61,091,095 Tufts University Boston $41,918,398 Boston Medical Center $38,150,092 Boston University (Charles River) $34,689,648 Brandeis University $28,831,370 McLean Hospital $28,396,545 Tufts Medical Center $27,737,457 Charles River Laboratories $22,601,757 Massachusetts Eye and Ear Infirmary $22,501,271

A BREAKDOWN OF NIH FUNDING IN MASSACHUSETTS AND NATIONALLY, 2010-2014FUNDING IN THE UNITED STATES

2010Total funding: $24.4B

Total grants: 51,457

FUNDING IN THE UNITED STATES












‘10 ‘11 ‘12 ‘13 ‘144,969

Total NIH grants awarded in Massachusetts

$2.54BTotal dollar value of grants awarded in Massachusetts

4,930 Total NIH grants awarded

in Massachusetts



in Massachusetts



in Massachusetts



in Massachusetts


HEALTH DOLLARS DOWNFrom 2010 to 2014, NIH awards and grant dollars have been either flat or down, year to year, among Massachusetts research organizations, hospitals and universities.

‘Th ere are more people funded by

NIH over the age of 70 than there are

under 50. Th at tells you (something).’— DR. DAVID COLEMAN,

Chief of medicine at Boston Medical Center

‘If (researchers) aren’t going into private industry, they may leave

science altogether.’— HARRY ORF,

Senior vice president for research, Massachusetts

General Hospital

2010 2011 2012 2013 2014

209

202

185

180

179

143

144

14716

6

171

Source: National Institutes of Health

American City Business Journals - Not for commercial use




12 BOSTON BUSINESS JOURNAL MARCH 6, 2015 13

COVER STORY


NIH GRANT FUNDING HAS STAGNATED NATIONALLY, BUT THE IMPLICATIONS FOR LESS�EXPERIENCED RESEARCHERS IN MASSACHUSETTS ARE BEYOND TROUBLING.

BY JESSICA BARTLETT | [email protected]

Massachusetts has built its world-class economy on the back of innovative clusters of hospitals, universities and research institutions. But a key funding source for those organizations — the National Institutes of Health — has in recent years succumbed to the budget pressures and political winds of its master, the federal government.

To be sure, funding has more or less stagnated nationally and come under particular pressure here in Massachusetts, where NIH grants have for decades helped support thousands of jobs and the intellectual capital that drives the local innovation economy.

Th ose fi nancial realities are driving a wedge through the commonwealth’s research community, forcing many of the region’s most established and well-funded institutions to double down on the researchers and projects

with the highest potential returns on investment, that is, with the greatest likelihood of securing lucrative NIH grants. Th at in turn is leaving many of the state’s younger, unproven scientists — a key ingredient for any economy built on advancements in the technology and life sciences sectors — to fend for themselves. For example, the average age of an NIH grant recipient has spiked by 13 percent to 42 years since 1980, while the percentage of grant recipients under the age of 36 has plummeted 13 percentage points — to 3 percent from 16 percent, according to research published in the Proceedings of the National Academy of Sciences.

It remains to be seen whether these NIH trends will ultimately reverse or slow the momentum of the Bay State’s gains in the health and life sciences over time. What’s clear is that the formula to land such funding has changed, and that will have implications in the years to come.

THE OUTLOOK FOR MANY YOUNG RESEARCHERS: ‘BLEAK’University of Massachusetts Medical

School professor Craig Mello may have won a Nobel Prize, but finding

federal funding to continue the work has proved increasingly diff icult.

A recent grant application received a top score from the National Institutes of Health, but funding Mello receives from the Howard Hughes Medical Institute may actually hurt his chances of securing federal funding.

While the additional backing means the Nobel Prize winner won’t be out of a job, without funding from the NIH,

members of his 16-person staff might be.

“If I don’t get it, I will have to shrink my lab,” Mello said. “Two to three people would have to be let go, unless I can rapidly find another source.”

Declines in funding

from the NIH are causing problems for researchers at every level, but the biggest impact has been on the next generation of scientists.

Federal budget pressures are rippling through the Bay State’s long-established research and life-sciences sector, forcing many institutions to more eff iciently invest their time and resources in proven scientists with the potential to land major grants. That is increasingly forcing many of the state’s aspiring researchers to the sidelines.

The problem is bad enough that Kristen Krukenberg is founding an organization called the Future of Research. The organization will do research to analyze where the jobs are and give realistic expectations to others entering the field.

Otherwise, the future is somewhat bleak. UMass Medical School Chancellor Dr. Michael Collins said prospective researchers typically come to medical school at 22 years old, graduating by 24. Additional schooling and research fellowships can last another decade. Given the time it takes to secure a grant, a professional might not see his or her first funding until the age of 42.

“You take the brightest intellectually scientific mind and you say this is the prospect — it can be discouraging,” Collins said.

Incoming researchers see similar problems at the Massachusetts Institute of Technology, where Tyler Jacks, director for the David H. Koch Institute for Integrative Cancer, said he’s seen colleagues shrink their labs by 30 percent or more as NIH grants come up short or don’t surface at all.

As a consequence, far fewer grad students and post docs are receiving training, at a time when genetics breakthroughs have opened a myriad of doors for the work to take place.

“We’re being very short-sighted,” Jacks said. “And we will be paying the consequences for years to come.”

— Jessica Bartlett

Craig Mello

GRANT SUCCESS RATES, BY GENDER AND EXPERIENCEThe percentage of reviewed grant applications that receive NIH funding

MENWOMEN 21percent

2010

19percent

2014

19percent

2010

18percent

2014

MASS. INSTITUTIONS WITH NIH GRANTS■ Total recipients■ Recipients with fewer than 10 grants

BIGGEST INCREASE IN TOTAL GRANT FUNDING SINCE 2010


Children’s Hospital Corp. $21,740,177 Brigham and Women’s $20,474,902 Charles River Labs $13,655,535 Harvard School of Public Health $8,018,014 Massachusetts Eye & Ear Infirmary $5,307,261

BIGGEST DECREASE IN FUNDING SINCE 2010


Broad Institute Inc. $(43,250,210)Beth Israel Deaconess $(24,798,288)UMassMedical School $(21,817,410)Harvard Medical School $(21,281,540)MIT $(14,931,334)

MOST NIH DOLLARS AWARDED IN MASS. 2014

ORGANIZATION TOTAL FUNDING

Massachusetts General Hospital $350,268,662 Brigham and Women’s Hospital $322,834,979 Harvard Medical School $193,646,024 UMass Med School $131,563,483 Children’s Hospital Corp. $126,953,196 Harvard School of Public Health $125,585,257 Dana-Farber Cancer Institute $122,813,873 Boston University Medical Campus $112,678,027 Beth Israel Deaconess Medical Ctr. $110,882,831 MIT $104,284,179 Broad Institute Inc. $95,443,418 Harvard University $61,091,095 Tufts University Boston $41,918,398 Boston Medical Center $38,150,092 Boston University (Charles River) $34,689,648 Brandeis University $28,831,370 McLean Hospital $28,396,545 Tufts Medical Center $27,737,457 Charles River Laboratories $22,601,757 Massachusetts Eye and Ear Infirmary $22,501,271

A BREAKDOWN OF NIH FUNDING IN MASSACHUSETTS AND NATIONALLY, 2010-2014FUNDING IN THE UNITED STATES















‘10 ‘11 ‘12 ‘13 ‘144,969

Total NIH grants awarded in Massachusetts



in Massachusetts



in Massachusetts



in Massachusetts



in Massachusetts


HEALTH DOLLARS DOWNFrom 2010 to 2014, NIH awards and grant dollars have been either flat or down, year to year, among Massachusetts research organizations, hospitals and universities.

‘Th ere are more people funded by

NIH over the age of 70 than there are

under 50. Th at tells you (something).’— DR. DAVID COLEMAN,

Chief of medicine at Boston Medical Center

‘If (researchers) aren’t going into private industry, they may leave

science altogether.’— HARRY ORF,

Senior vice president for research, Massachusetts

General Hospital

2010 2011 2012 2013 2014

209

202

185

180

179

143

144

14716

6

171

Source: National Institutes of Health

American City Business Journals - Not for commercial use


Firm / Prior Rank (*unranked in 2014) / URL Phone/address

Total

Mass.

employees

Mass.

CPAs

Mass.

partners

Total

employees

Mass.

offices

Total

offices Top local executive(s)

1PwC (PricewaterhouseCoopers LLP) 1pwc.com

125 High St.,

Boston, MA 02110

617-530-5000

2,895 988 221 195,433 2 758Barry Nearhos,

Managing partner

2Deloitte LLP 2deloitte.com

200 Berkeley St.,

Boston, MA 02116

617-437-2000

2,021 380 234 210,400 3 674William Bacic,

New England managing partner

3Ernst & Young LLP 3ey.com

200 Clarendon St.,

Boston, MA 02116

617-266-2000

1,745 412 205 209,020 2 785

George Neble, Boston office

managing partner, george.neble@

ey.com

4KPMG LLP 4 kpmg.com

2 Financial Center,

Boston, MA 02111

617-988-1000

893 279 73 26,836 2 105Bud LaCava,

Office managing partner

5McGladrey LLP 5mcgladrey.com

80 City Square,

Boston, MA 02129

617-912-9000

596 189 48 8,791 1 80

Chris MacKenzie, Managing partner,

Boston, christopher.mackenzie@

mcgladrey.com

6Grant Thornton LLP 6grantthornton.com

75 State St.,

Boston, MA 02109

617-723-7900

229 96 17 40,197 2 725

Peter Resnick, Managing partner-

New England, peter.resnick@

us.gt.com

7CBIZ Tofias/Mayer Hoffman McCann PC 7cbiztofias.com

500 Boylston St.,

Boston, MA 02116

617-761-0600

200 95 35 2,850 1 35Tracy Gallagher,

Senior managing director

8Wolf & Co. PC 9wolfandco.com

99 High St.,

Boston, MA 02110

617-439-9700

199 61 19 200 2 4Mark O’Connell, President, CEO,

[email protected]

9Marcum LLP 8marcumllp.com

53 State St.,

Boston, MA 02109

617-807-5000

190 120 27 1,300 2 22

Douglas Farrington, Partner-in-

charge, Boston office, douglas.

[email protected]

10 AAFCPAs 10 aafcpa.com

21 East Main St.,

Westborough, MA 01581

508-366-9100

170 58 18 170 5 5Carla McCall & David McManus,

Co-managing partners

11 CliftonLarsonAllen LLP 11 claconnect.com

300 Crown Colony Drive,

Quincy, MA 02169

617-984-8100

169 49 20 3,810 5 90

Douglas Fiebelkorn, Managing

principal, New England, doug.

[email protected]

12 BDO USA LLP 12 bdo.com

2 International Place,

Boston, MA 02110

617-422-0700

146 46 11 59,428 2 1,328

Catherine Moy, Assurance

managing partner; Edward Smith,

Tax managing partner

13 CohnReznick LLP 19 cohnreznick.com1

1 Boston Place,

Boston, MA 02108

617-648-1400

134 54 18 2,700 2 28

James Naber,

Office managing partner, james.

[email protected]

14 MFA-Moody, Famiglietti & Andronico LLP 15 mfa-cpa.com

1 Highwood Drive,

Tewksbury, MA 01876

978-557-5300

128 51 17 128 1 1Carl Famiglietti,

Managing partner

15 Feeley & Driscoll PC 13 fdcpa.com

200 Portland St.,

Boston, MA 02114

617-742-7788

110 65 11 110 1 1Thomas Feeley & Michael Poirier,


16 DiCicco, Gulman & Co. LLP 14 dgccpa.com

150 Presidential Way,

Woburn, MA 01801

781-937-5300

107 57 16 107 2 2Laurie Austin,

Managing partner

17 Gray, Gray & Gray LLP 17 gggcpas.com

150 Royall St.,

Canton, MA 02021

781-407-0300

107 39 15 107 3 3C. Joseph Ciccarello,

Managing partner

18 KLR (Kahn, Litwin, Renza & Co. Ltd.) 16 kahnlitwin.com

800 South St.,

Waltham, MA 02453

781-547-8800

95 72 14 200 3 6

David Shuman, Managing director,

Greater Boston, dshuman@

kahnlitwin.com

19 O’Connor & Drew PC 18 ocd.com

25 Braintree Hill Office Park,

Braintree, MA 02184

617-471-1120

90 49 14 90 2 3Mark Dow,

Managing partner

20 BlumShapiro 24 blumshapiro.com

1 Pine Hill Drive,

Quincy, MA 02169

781-982-1001

85 45 17 463 4 7

Kevin White,

Office managing partner, kwhite@

blumshapiro.com

21 Edelstein & Co. 20 edelsteincpa.com

160 Federal St.,

Boston, MA 02110

617-227-6161

82 37 10 82 1 1

William Mahoney,

Managing partner, wmahoney@

edelsteincpa.com

22 Kirkland Albrecht & Fredrickson LLC (KAF) 23 kafgroup.com

10 Forbes Road West,

Braintree, MA 02184

781-356-2000

80 43 12 80 2 2

Kenneth Kirkland,

Managing partner, kkirkland@

kafgroup.com

23 Kevin P. Martin & Associates PC 21 kpm-us.com

10 Forbes West,

Braintree, MA 02184

781-380-3520

74 48 8 74 2 2

Kevin Martin Jr.,

Managing director, kmartinjr@

kpm-us.com

24 Tonneson + Co. 25 tonneson.com

401 Edgewater Place,

Wakefield, MA 01880

781-245-9999

66 25 13 66 3 3Richard Mastrocola,

CEO

25 Walter & Shuffain PC 26 wscpa.com

1 International Place,

Boston, MA 02110

617-447-2700

58 29 10 58 2 2Jonathan Yorks,

Managing shareholder

Tracy Gallagher serves as senior managing director of CBIZ Tofias & Mayer Hoff man McCann’s New England Division. Gallagher has been instrumental in setting the firm’s protocols around client service standards and client satisfaction. Gallagher chairs CBIZ Tofias’ Executive Committee. His prior experience includes various positions in the Carter administration and the Democratic National Committee. Prior to joining CBIZ Tofias, he was president of the largest business association in New Hampshire.

ABOUT THE LISTInformation was obtained from firm representatives. In cases of ties, firms are ranked by Mass. CPAs.

NEED A COPYOF THE LIST?Information for obtaining reprints, web permissions and commemorative plaques, call 877-397-5134. More information can be found online at BostonBusinessJournal.com by clicking the “Buy” tab near the top of the site.

WANT TO BEON THE LIST?If you wish to be surveyed when The List is next updated, or if you wish to be considered for other Lists, email your contact information to Sean McFadden at [email protected].

R CLOSER LOOK

NOTES: NA - not available. 1. CohnReznick’s numbers reflect its 2014 merger with Ercolini & Co. LLP.

THE LARGEST ACCOUNTING FIRMS IN MASSACHUSETTSRANKED BY TOTAL NUMBER OF MASSACHUSETTS EMPLOYEES AS OF FEB. 1, 2015

Compiled by Sean McFadden617-316-3232, [email protected]

American C


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MARCH 6, 2015 15

Firm / Prior Rank (*unranked in 2014) / URL Phone/address

Total

Mass.

employees

Mass.

CPAs

Mass.

partners

Total

employees

Mass.

offices

Total

offices Top local executive(s)

26 King McNamara Moriarty LLP 38 kmmcpa.com2

473 Washington St.,

Norwood, MA 02062

781-769-6300

58 21 8 58 2 2

Joseph Moriarty,

Managing partner, jbmoriarty@

kmmcpa.com

27 Katz, Nannis + Solomon PC 27 knspca.com

800 South St.,

Waltham, MA 02453

781-453-8700

54 27 4 54 1 1

Jeffrey Solomon,

Managing shareholder, jsolomon@

knscpa.com

28 Samet & Co. PC 29 samet-cpa.com

1330 Boylston St.,

Chestnut Hill, MA 02467

617-731-1222

49 28 7 49 1 1

Jay Kessler,

Co-managing shareholder, jayk@

samet-cpa.com

29 Abrams Little-Gill Loberfeld PC 28 all-cpas.com

1330 Boylston St.,

Chestnut Hill, MA 02467

617-738-5200

49 26 10 49 1 1Ronald Loberfeld,

Principal, [email protected]

30 Greenberg, Rosenblatt, Kull & Bitsoli PC 30 grkb.com

306 Main St.,

Worcester, MA 01608

508-791-0901

47 22 8 47 1 1Norman Bitsoli,

President

31 Johnson O’Connor Feron & Carucci LLP 33 jocllp.com

101 Edgewater Drive,

Wakefield, MA 01880

781-914-3400

42 20 6 42 1 1Stephen Feron,

President, [email protected]

32 G.T. Reilly & Co. 32 gtreilly.com

424 Adams St.,

Milton, MA 02186

617-696-8900

40 20 4 40 1 1

Anthony Smeriglio,

President, managing director, aps@

gtreilly.com

33 Sharkansky LLP 36 sharkcpa.com

1350 Belmont St.,

Brockton, MA 02301

508-584-2120

39 15 6 39 1 1

Howard Spiller,

Managing partner, hspiller@

sharkcpa.com

34 Anstiss & Co. PC 31 anstisscpa.com

1115 Westford St.,

Lowell, MA 01851

978-452-2500

38 18 2 38 1 1

Raymond Anstiss Jr.,

President, CEO, ranstiss@

anstisscpa.com

35 Sullivan Bille PC 34 sullivanbillegroup.com

600 Clark Road,

Tewksbury, MA 01876

978-970-2900

38 16 7 38 1 1

Charles Comtois,

President, ccomtois@

sullivanbillepc.com

36 Rucci, Bardaro & Falzone PC 35 rbfpc.com

919 Eastern Ave.,

Malden, MA 02148

781-321-6065

37 20 3 37 1 2William Rucci,

President

37 Raphael and Raphael LLP 41 rrllp.com

52 Church St.,

Boston, MA 02116

617-210-1200

31 17 9 35 1 2Jeff Simmons,

Managing partner, [email protected]

38 Stowe & Degon LLC 36 stowedegon.com

95A Turnpike Road,

Westborough, MA 01581

508-983-6700

30 23 4 30 1 1David Degon & Michael Stowe,


39 LitmanGerson Associates LLP 45 lgallp.com

600 W. Cummings Park,

Woburn, MA 01801

781-569-4700

30 17 6 30 1 1

Salvatore Muccio,

Managing partner, smuccio@

lgallp.com

40 Newburg & Co. LLP 47 newburg.com

890 Winter St.,

Waltham, MA 02451

781-884-4100

30 15 3 30 1 1Howard Newburg,

Managing partner

41 Leonard, Mulherin & Greene PC 42 lmgpc.com

625 Grove St.,

Braintree, MA 02184

781-356-4800

29 16 6 29 1 1Paul Leonard & Joseph Greene,

Managing partners

42 Waldron H. Rand & Co. PC 43 waldonrand.com

850 Washington St.,

Dedham, MA 02026

781-449-5825

29 15 4 29 1 1Rick Dlugasch,

Managing partner

43 Costantino Richards Rizzo LLP 40 crrcpa.com

545 Salem St.,

Wakefield, MA 01880

781-279-7788

29 14 4 29 1 1

David Richards,

Managing partner, david.richards@

crrcpa.com

44 Shepherd & Goldstein 37 sgllp.com

1671 Worcester Road,

Framingham, MA 01701

508-875-2552

28 12 6 28 4 4

Terence Shepherd,

Managing partner, terences@

sgllp.com

45 Morris & Morris PC *mmpc-cpa.com

32 Kearney Road,

Needham Heights, MA 02494

781-455-6900

26 14 4 26 1 1Michael Morris,

Partner, [email protected]

46 Miller Wachman LLP 46 millerwachman.com

100 Cambridge St.,

Boston, MA 02114

617-338-6800

25 15 4 25 3 3

Mark Conklin, Managing partner;

Stephen Gunzburger, Co-managing

partner

47 Rodman & Rodman PC 48 rodmancpa.com

3 Newton Executive Park,

Newton, MA 02462

617-965-5959

25 13 3 25 2 2Steven Rodman,

President

48 Novogradac & Co. LLP 50 novoco.com

101 Arch St.,

Boston, MA 02110

617-330-1920

24 6 3 618 1 18Anthony Grappone, Charles Rhuda

III & James McGowan, Partners

49 Caras & Shulman PC 44 carasshulman.com

30 Corporate Drive,

Burlington, MA 01803,

781-273-3950

23 10 3 23 1 1

Kenneth Fluet,

Managing partner, kfluet@

carasshulman.com

50 Ardito, Toscano & McCollum PC *atm-cpa.com

40 Bayfield Drive,

N. Andover, MA 01845

978-688-2880

19 8 3 19 1 1Lawrence Ardito,

President

Jeff rey Solomon, C.P.A., C.V.A. is the managing shareholder of Katz, Nannis + Solomon. Solomon, who received a bachelor’s degree in accounting from the University of Massachusetts Amherst, helps to head the technology/emerging growth practice for KN+S. He is a past chairman of the board of directors of the Massachusetts Society of CPA’s, and has held positions in that organization such as vice president of finance and is a past chairman of the Accounting and Auditing Board. He is a former director of SBANE (the Smaller Business Association of New England), is a Certified Valuation Analyst and is also on the board of the MIT Enterprise Forum.

ABOUT THE LISTInformation was obtained from firm representatives. In cases of ties, firms are ranked by Mass. CPAs.

NEED A COPYOF THE LIST?Information for obtaining reprints, web permissions and commemorative plaques, call 877-397-5134. More information can be found online at BostonBusinessJournal.com by clicking the “Buy” tab near the top of the site.

WANT TO BEON THE LIST?If you wish to be surveyed when The List is next updated, or if you wish to be considered for other Lists, email your contact information to Sean McFadden at [email protected].

R CLOSER LOOK

NOTES: NA - not available. 2. King McNamara Moriarty’s numbers reflect its recent merger with Baker Corbett & Geary LLC.

THE LARGEST ACCOUNTING FIRMS IN MASSACHUSETTSRANKED BY TOTAL NUMBER OF MASSACHUSETTS EMPLOYEES AS OF FEB. 1, 2015

Compiled by Sean McFadden617-316-3232, [email protected]

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Matt will let you know when with his exclusive 10-day forecast.And he’ll let you know how so you’ll be prepared for the best and worst New England weather.

Mornings 5-10AMNECN MeteorologistMatt Noyes

BY JOE HALPERNSpecial to the Journal

G ranted, it’s tax season. So it’s not uncommon for account-ing fi rms to bulk up their staff s for their fi rst-quarter push.

But when we compare the two most recent BBJ lists of the Largest Accounting Firms in Massachusetts, which are ranked by total employee counts in the Bay State, the numbers certainly bode well for an industry that almost always grows along with the businesses they work for.

Th e total number of Massachusetts employees working at the 10 largest

accounting fi rms increased from 8,132 in 2014 to 9,138 in 2015. Th at represents a cumulative year-to-year gain of nearly 12.4 percent. Among those fi rms, Ernst & Young LLP, the third-ranked fi rm on this year’s list, recorded the largest year-over-year employee increase in Massa-chusetts with 486 staff added.

Th e gains in local staffi ng levels have trickled down to fi rms below the “Big Four.”

“Over the last five years, we have expanded the coverage of our national industry groups in Boston in an eff ort to match the growth of our clients and the overall marketplace,” said Catherine

Moy, BDO USA’s Boston assurance man-aging partner. “Th rough adding industry leaders in Boston for our fi nancial servic-es and nonprofi t and education industry groups, we have been able to penetrate these markets quickly and eff ectively.”

“Along with signifi cantly growing our for-profi t work business, we’ve also been able to retain our talented employees,” said Michael Boyle, chief marketing offi -cer at AAFCPAs, whose Massachusetts-based fi rm has boasted an 8 percent annual employment growth rate since 2009. Boyle said the fi rm, which is head-quartered in Westborough, also boasts an 88 percent employee retention rate.

GROWTH IN NUMBERS

Strength in numbers: Firms see gains in staff countsFIRMS WITH THE MOST MASSACHUSETTS CPAS

RANK/FIRM MASS. CPAs

1. PwC 9882. Ernst & Young 4123. Deloitte 3804. KPMG 2795. McGladrey 1896. Marcum 1207. Grant Thornton 968. CBIZ Tofias/Mayer Hoff man McCann 959. KLR 7210. Feeley & Driscoll 65

TOTAL MASSACHUSETTS STAFF: HOW THE TOP FIVE FIRMS FAREDPwC Deloitte Ernst & Young KPMG McGladrey

10% increase in Mass. employees 3.9% increase in Mass. employees 38.6% increase in Mass. employees 15.4% increase in Mass. employees 10% increase in Mass. employees

2,8952015

1,7452015

8932015

5962015

2,6312014

1,9462014

1,2592014

7742014

5422014

2,0212015

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Commercial & Institutional | Business | Private Banking | Personal

Every well-built business

OUR CLIENT-BANKER RELATIONSHIP is what sets you up for success,

and sets us apart from other banks. At Webster Bank, there aren’t

middlemen along the way, which means no surprises at the end.

Just approachable, attentive bankers working on your behalf.

Contact your Regional President,

Paul Mollica at 617.717.6824 or

[email protected]

for more information, or go to

WebsterBank.com

starts from a well-built relationship.

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OUT OF THE OFFICE

Raising dollars to Trump cancerMore than 400 civic, business, and philanthropic leaders from South Florida and New England joined together at the at the Dana-Farber Cancer Institute and Jimmy Fund’s 24th annual “Discovery Celebration” in Palm Beach, Florida, raising more than $1.5 million for cancer care and research. Pictured, from left: Howard Kessler, founder and chairman, Kessler Group; Paul Fireman, chairman of Fireman Capital Partners and Founder of Reebok, and 2015 Discovery Celebration vice chair and grand benefactor; business man and celebrity Donald Trump; and Patrick Park, grand patron chair.

Snow patrol Kim Puzzanghera, left, and Ryan Burkart, both employees of Holiday Inn Boston-Bunker Hill, shoveled out a fi re hydrant on Pearl Street as part of the Holiday Inn’s snow patrol eff orts recently. Volunteers blocked off their entire day to shovel and snow-blow these areas.

Foodies hit the linksBoston’s food and beverage community had a strong presence at Food Network’s South Beach Wine & Food Festival in sunny Miami. Boston’s Jeremy Sewall (far left), executive chef at Island Creek Oyster Bar, Lineage and Row 34; and Skip Bennett (third from left), founder/owner of Island Creek Oysters, joined restaurant industry greats Ming Tsai, Andrew Zimmern and Jose Andres on the golf course for Andres’ 9-Hole Celebrity Golf Tournament.

Run to Home Base for veteransFrom left: Red Sox player Mike Napoli, Marine Corps Sgt. Ron Michael Abeleda, Red Sox Chairman Tom Werner, New Balance General Manager of Sports Marketing Mark Cavanaugh, Marine Corps Staff Sergeant David Foraker, and Sox second baseman Dustin Pedroia get together at Fenway South in Fort Myers, Florida, to announce the 6th annual Run to Home Base, set for July 25 at Fenway Park. Th e 9K run (5.6 miles) — since its inception in 2010 — has raised more than $11 million to support eff orts to help post-9/11 veterans and families.

The BBJ’s Out of the Off ice photo page covers business-related social events. Send information about your upcoming event to the Boston Business Journal, 160 Federal St., 12th Floor, Boston, MA 02110-1700, attn: Out of the Off ice. Information can also be emailed to Associate Managing Editor Greg Walsh at [email protected]. Photos of check presentations will not be accepted.

R HOW TO SUBMIT

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MARCH 6, 2015 19

Selina Ramlochan TD Bank promoted Selina Ramlochan to assistant vice president, store manager, Sudbury. To this role, Ramlochan brings 16 years of retail banking experience.

Patricia Lynch Patricia (Pat) Lynch joined Bridgewater Savings as a loan off icer in the residential lending department. To this role, Lynch brings more than 27 years of mortgage lending experience.

Robin Gorski Robin Gorski, CPA, MST, joined DiCicco, Gulman & Co. in Woburn as a tax partner. To this role, she brings more than 30 years of experience.

R BANKING/FINANCE

Sean O’Connor Morgan, Brown & Joy LLP in Boston promoted Sean O’Connor to partner. O’Connor represents companies in a variety of labor and employment matters.

Rachel Munoz Morgan, Brown & Joy LLP in Boston promoted Rachel Munoz to partner. Munoz represents companies in the full range of labor and employment legal services off ered by the firm.

Eric Labbe Eric Labbe joined Dain, Torpy, Le Ray, Wiest & Garner PC in Boston as counsel. Labbe represents parties involved in all aspects of commercial real estate lease transactions.

R LAW

Alev Durmus-Pedini Diversified Project Management in Newton added Alev Durmus-Pedini as a project manager. She is a construction and facilities project manager with a background in architecture and sustainable building practices.

Kerry Smith Kerry Smith joined Children’s Friend and Family Services in Salem as human resources director. To this role, she brings 20 years of progressive human resources generalist experience.

Mark Pelletier Mark Pelletier joined Maugel Architects Inc. in Harvard as senior director of architecture. Prior to Maugel, Pelletier worked with Margulies Perruzzi Architects and CDM Smith.

Scott Jewell Lesley University in Cambridge promoted Scott Jewell to director of student administrative services.

Bill Johnson Cummings Properties in Woburn hired Bill Johnson as controller. His work will include focusing on the financial picture at Cummings Foundation’s two not-for-profit New Horizons retirement communities.

Glenn Freedman WinterWyman in Waltham promoted Glenn Freedman to partner in the firm’s Search division. In that capacity, he looks to recruit top accounting and finance talent for the firm’s clients.

R REAL ESTATE R SERVICES

Paul McIntire Margulies Perruzzi Architects in Boston added Paul McIntire as senior architect. McIntire joins MPA with more than 20 years of architectural experience.

Jonathan Ryan Jonathan Ryan, director, marketing technology, for the Aberdeen Group, a Harte Hanks Company, joined the board of directors of Big Brothers Big Sisters of Central Mass/Metrowest Inc.

Stephanie Tyll Margulies Perruzzi Architects in Boston has added Stephanie Tyll as senior marketing coordinator. She brings 10 years of experience to her role at MPA.

Helen Garvey Helen Garvey, vice president of com-mercial banking at Rockland Trust Co., has been named chair of the South Shore Hospital Charitable Foun-dation board of trustees.

Adriana Guzzo Peabody Properties Inc. in Braintree has appointed Adriana Guzzo marketing director. She brings more than 18 years of experience in marketing, leasing and managing multifamily properties.

Liz Malone The Training Associates, a Westborough-based provider of training talent and services, promoted Liz Malone to controller.

R ARCHITECTURE R SOCIAL SERVICES/EDUCATION

Geoff rey Dancey Cutler Capital Management LLC, a Worcester-based investment management firm serving high-net-worth individuals and institutional investors, promoted Geoff rey Dancey to president, managing member.

Jeff Biesadecki Jeff Biesadecki, CPA, joined Rodman & Rodman PC in Newton as a tax supervisor. Biesadecki will oversee the accounting staff who are responsible for tax preparation and tax planning for individuals and entities.

Jessica Platt CliftonLarsonAllen LLP has promoted Jessica Platt to principal in the firm’s New Bedford off ice. She has more than 14 years of experience in such areas as tax preparation, consulting and planning.

Jeff rey Upton Jeff rey Upton joined Rackemann, Sawyer & Brewster in Boston as a director in the litigation department. Upton is a litigator with 30 years of experience, having successfully tried many cases in state and federal courts.

Jeanine Grachuk Beveridge & Diamond PC in Wellesley promoted Jeanine Grachuk to principal. Her practice includes environmental com-pliance counseling, environmental per-mitting of energy and brownfields redevelopment projects.

Scott Weston Scott Weston was recently elected to the partnership at Cooley LLP in Boston. His practice includes patent preparation and prosecution, portfolio development and patent infringement litigation.

Submit your People on the Move online at BostonBusinessJournal.com/people

We welcome information about any Boston-area-based businessperson who has been promoted, joined a new company or received an award. Include name, title, company, location and a photo of the person, along with a company contact name, email address and phone number in case additional information is needed. The submissions are automatically compiled and posted online and, depending on space, on these print pages.

You must send a photo to be considered for print publication. The photos must be high-resolution, color JPEGs that are, at minimum, 200 dpi in size.

R HOW TO SUBMIT

MATTHEW KANEPARTNERLAREDO & SMITH LLPBOSTON

First job: Summer intern for Judge Elizabeth B. Donovan, in the Massachusetts Superior Court (in Boston & Dedham).Prior job: Of counsel at Bulkley, Richardson and Gelinas LLP’s Boston off ice.Professional achievement: “As an associate, I won cases at every level in the Commonwealth, including a real estate case before the Massachusetts Supreme Judicial Court (on an issue of first impression). But my most rewarding achievement was helping an army veteran regain his share of an inherited business, stolen by an unscrupulous family member when the veteran was serving in Iraq.”Professional priority: “I want hiring a lawyer to be a value-added proposition for my clients and I work with them using a cost-benefit approach. I look forward to helping grow this respected firm by augmenting and expanding its business litigation practice with my consumer finance, banking and real estate litigation expertise.”

Th e Boston Business Journal accepts People on the Move submissions online at BostonBusinessJournal.com/people

R SPOTLIGHT

PEOPLE ON THE MOVE

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R DBA CERTIFICATESA listing of recent DBA (doing-business-as) certificates, indicating an individual or other entity intends to do business under another name, as filed with Boston City Clerk’s Office.

Antiques On 5, 1 Design Center Place, No. 2, Boston 02210.

JMarc Sound, by Jonathan Marcantonio, 87 Gordon St., No. 9, Boston 02135.

Westlake Financial

Services, 155 Federal St., Boston 02110.

Meisum Bakery, 36 Beach St., Boston 02111.

Anna Bakery, 1035 Dorchester Ave., Boston 02125.

30 Sheridan Street

Management Co., by George Vega, 30 Sheridan St., Jamaica Plain 02130.

Unique Cuts, by Serge Pierre, 2251 Dorchester St., Boston 02124.

Biddy Hair Salon, by Ines Biddy, 273 Meridian St., East Boston 02128.

Majestic Home Loan, by Sang Jeung, c/o NRAI, 155 Federal St., No. 700, Boston 02110.

Rina’s, 373 Hanover St., Boston 02113.

Fletcher Sports, 84 State St., Boston 02109.

Iglesia Apostoles Profetas, 93 Chelsea St., Boston 02128.

New England Cleans and

Beyond, by Ramon Terrero, 59 Keegan St., Roxbury 02119.

Espresso Express, 415 Western Ave., Brighton 02135.

Bay Area Credit Service, 84 State St., Boston 02109.

Enhanced Resource

Centers, 155 Federal St., No. 700, Boston 02110.

ERC, 155 Federal St., No. 700, Boston 02110.

Maryland Palladian

Partners, c/o CSC, 84 State St., Boston 02109.

Find Your Limitless

Coaching, by Phillip Berenz, 16 Brock St., No. 2, Brighton 02135.

Tyton Partners, 114 State St., Boston 02109.

Primo’s Convenience Store, 24 Joy St., Boston 02114.

Gordon E. Parry CPA, 180 Cambridge St., No. 4, Boston 02114.

Ibanova Family Daycare, 228 Northampton St. No. 102, Boston 02118.

Nilsa’s Little Angels Family

Child Care, by Nilsa Sanchez, 17 Imbaro Road No. 2, Hyde Park 02135.

Rosa Crispin Day Care, by Rosa Crispin, 8 Marbury Terrace No. 3, Jamaica Plain 02130.

Delta Dental, 465 Medford St., Boston 02129.

Delta Dental of

Massachusetts, 465 Medford St., Boston 02129.

Royal Betsa Enterprise, by Fredo Agboga, 17 Blue Ledge Terrace, Roslindale 02131.

Charles Spada Fabrics, 1 Design Center Place, No. 2, Boston 02210.

Elevate Fitness, by Ramon Garcia, 286 Commonwealth Ave., No. 1, Boston 02115.

Stuart Glass, 56 Leo Birmingham Parkway, Brighton 02135.

Kick Design, by Shelley Buber, 24 Cordis St., Charlestown 02129.

Equinox Fitness Club, 131 Dartmouth St., Boston 02116.

SC Specialtycare, 10 Milk St., No. 1055, Boston 02108.

Interstate Electric

Equipment, 30 Vineland St., Brighton 02135.

IIB Insurance Agency, 84 State St., Boston 02109.

Adams Village Insurance

Agency, 520 Gallivan Blvd., Dorchester 02124.

John J. Ryan Insurance

Agency, 376 Washington St., Brighton 02135.

Usrider Insurance Services, 10 Milk St., No. 1055, Boston 02108.

Charles Spada Interiors, 1 Design Center Place, No. 2, Boston 02210.

GW&K Investment

Management, 222 Berkeley St., Boston 02116.

Gratzer Law Office, by Thomas Gratzer, 540 Gallivan Blvd., No. 6, Boston 02124.

The Liquor & Wine

Emporium, 336 K St., South Boston 02127.

Tabo Transit, by Jean Chassedin, 15 Glendale St., No. 1, Dorchester 02125.

Zotbelle, 31 St. James Ave., Boston 02116.

Popp Risk Group, 20 Park Plaza, No. 637, Boston 02116.

Michael Dehni & Co., 51 Melcher St., Boston 02210.

Helix Co., 572 Freeport St.,

No. A, Boston 02122.

Havas Media, 101

Huntington Ave., Boston

02199.

Quest Diagnostics Nichols

Institute of Valencia, c/o

CSC, 84 State St., Boston

02109.

Veterans First Mortgage,

c/o CS, 155 Federal St., No.

700, Boston 02110.

Legacy International, by

Charles Davis, 46 Tonawanda

St., Boston 02124.

Golden Nails, 446 Blue Hill

Ave., Dorchester 02121.

Grand Harmonie, 255

Northampton St., No. 403,

Boston 02118.

Java Lush, 17 Claremont

Park, No. 2, Boston 02118.

Ojeda Enterprises, 130

Dartmouth St., No. 616,

Boston 02116.

Zac Wolf Photography, by

Zachary Wolf, 137 Englewood

Ave., No. 4, Brighton 02135.

Luxury Homes, by Jasmine

Heghinian, 154 Beacon St.,

Boston 02115.

Visionary Investments Real

Estate, by Jonathan Thurrott,

116 Theodore Parker Road,

No. 1, West Roxbury 02132.

Beverly Property Owner

Manager, c/o CSC, 84 State

St., Sixth Floor, Boston

02109.

Daametrius Global, by

Giovanni Scott, 15 Erie St.,

Dorchester 02121.

Feed-Bak, 178 Callender St.,

Dorchester 02124.

Mija Cantina & Tequila

Bar, 200-299 Faneuil Hall

Marketplace, Boston 02109.

Chart House, 58-60 Long

Wharf, Boston 02110.

Al Capone, 82 Summer St.,

Boston 02110.

Strip By Strega, 50 Park

Plaza, Boston 02116.

Sol Azteca, 914 Beacon St.,

Boston 02215.

Hudson News, Logan

Airport, 300 Terminal C, No.

SL-1, Boston 02128.

Travel & Leisure, Logan

Airport, 500 Terminal E,

Boston 02128.

Boston Campus Gear, 1

Faneuil Hall Marketplace,

Third Floor, Boston 02109.

Sea Boston USA, 1 Faneuil

Hall Marketplace, Third Floor,

Boston 02109.

Boston Campus Gear, 800

Boylston St., Boston 02199.

Advance Auto Parts No.

8646, 1190 Massachusetts

Ave., Dorchester 02125.


8642, 1432 Dorchester Ave.,

Dorchester 02125.


8636, 676 Morton St.,

Mattapan 02126.


8639, 4185 Washington St.,

Roslindale 02131.


8649, 393 Cambridge St.,

Allston 02134.

Bebe Stores No. 236, 349-

351 Newbury St., Boston

02115.

Extra Space Storage No.

8505, 41 Norwood St.,

Boston 02122.

Vietnam Express, 1157-1159 Dorchester Ave., Second Floor, Dorchester 02125.

Boston Soap Works, by Kenneth Reid, 272 Itasca St., No. 2, Boston 02126.

Pope Energy, 42 Eighth St., No. 4413, Charlestown 02129.

Locately, 65 Franklin St., Second Floor, Boston 02210.

Brain Box Co., 816 Morton St., No. 1, Boston 02126.

Ultimate Thai Bodywork, by Jinhui Loh, 569 Cambridge St., Allston 02134.

W&P Services, 1294 Blue Hill Ave., Mattapan 02126.

www.TheEasyLoanSite.

com, 84 State St., Boston 02109.

Across The Vine, by Shareen Shelton, 1340 Commonwealth Ave., No. 24, Boston 02134.

R INCORPORATIONSA listing of newly incorporated businesses, consisting of both new businesses and existing businesses that were formerly unincorporated, as filed with the State Office of Incorporations.

ESSEX COUNTY

PCHC Inc., by Pamela Cahill, 300 Brickstone Square, Suite 201, Andover 01810.

Trach Mate Inc., by Mark O’Donnell, 50 Sagamore Drive, Andover 01810.

V&V Market Inc., by Victor Villacis, 273 S. Union St., Larence 01843.

Atlantic Goose

Management Inc., by Christopher Murphy, 110 Laconia Circle, North Andover 01845.

Bros. Trans Corp., by Saul Ascencio, 89 Palomino Drive, North Andover 01845.

ASAP Tree Care Inc. LLC, by Dante Hibbard, 2 Waterwheel Lane, Saugus 01906.

Tax Force Professionals

Inc., by Linda Gerardi, 99 Walnut St., Suite C, Saugus 01906.

Interstate Properties

Management Inc., by Salvatore Palumbo, 999 Broadway, Suite 400, Saugus 01906.

Muser Enterprises Corp., by Thomas Muser, 92 Conant St.,

Danvers 01923.

Natti Tree and Landscape

Inc., by Matthew Natti, 100 Centennial Ave., Gloucester 01930.

Differential Pipetting Inc., by Don Schwartz, 11 Dory Road, Gloucester 01930.

Gloucester Uechi Karate

Academy Inc., by Deborah Lafrance, 2 Pond Road Plaza, Gloucester 01930.

Trevi Communications Inc., by Lisa Murray, 1 Blais Farm Road, Middleton 01949.

Curtis Cabinetry Inc., by Edward Curtis, 2 Birch Road, Middleton 01949.

Asprogiannis Pizza Inc., by Sotirios Asprogiannis, 12 Briggs Ave., Newburyport 01950.

Grain Digital Inc., by Matthew Dorris, 31-A Pleasant St., Newburyport 01950.

Debra Clarke Consulting

Inc., by Debra Patterson, 52 Lime St., Newburyport 01950.

Albion Contracting Inc., by Gregory Patterson, 52 Lime St., Newburyport 01950.

West Glen Associates

Inc., by Ronald Hoffman, 1 Newbury St., Suite 108, Peabody 01960.

Kontseptual Inc., by Alexandra Peterson, 10 Derby Square, Salem 01970.

DVT Family Inc., by Dung Tran, 333 Lafayette St., Salem 01970.

Pilgrim Bookkeeping Inc., by Ann Neely, 8 Winthrop St., Salem 01970.

MIDDLESEX COUNTY

Colonial Plumbing &

Heating Inc., by Joseph Cormier, 17 Loe Ann St., Littleton 01460.

New World Enterprise

Corp., by Francisco Medrano, 16-A William St., Pepperell 01463.

Neuform Pharmaceuticals

Inc., by Changfu Cheng, 1661 Worcester Road, Suite 102, Framingham 01701.

Life Is Dog Inc., by Nance Moran, 687 Edgell Road, Framingham 01701.

Pony Shack Cider Inc., by Nathan McKinley, 188 Picnic St., Boxborough 01719.

Ashland Pet Concierge

Corp., by Carolyn McGee, 44 Front St., Ashland 01721.

Municipal Market Analytics

Inc., by Thomas Doe, 75 Main St., Concord 01742.

READER’S GUIDEFor The Record is a collection of information gathered from the Boston area courthouses, government off ices and informational Web sites. We gather these public records so you can build your business.

No matter what business you are in, you can gain a competitive edge by reading the For The Record. Find new and expanding businesses and new customers. Find out the area’s commercial and residential hot spots. Find clues about the financial condition of your vendors, customers or competitors.

EMAIL EDITIONTo buy Record information for Boston and more than 40 other markets, call 877-593-4157, or see bizjournals.com/leads. The information is available on disk or via e-mail and arrives earlier than the published version.

R ABOUT THIS SECTION

WHAT’S INSIDEBankruptcies ......................... 21DBA Certificates .................. 20Federal Tax Liens .................. 21Federal Tax Releases ............ 21Incorporations ..................... 20State Tax Liens ...................... 21State Tax Releases ................ 21

Listings for each category may vary from week to week because of information availability and space constraints. (Note: *Indicates listings are not available for this week.)

Bankruptcies: A listing

of recent bankruptcy

petitions, as filed with the

U.S. Bankruptcy Court,

District of Massachusetts/

Boston Division. Chapter 7

filings concern liquidation

of assets; Chapter 11 filings

provide protection from

creditors while a business

reorganizes

DBA Certificates: A listing

of recent DBA (doing-

business-as) certificates,

indicating an individual

or other entity intends to

do business under another

name, as filed with the

Boston City Clerk’s Office;

listings cover businesses

in Boston and surrounding

communities

Federal Tax Liens: A listing

of recently filed Boston

area federal tax liens, as

obtained from the U.S.

District Court Clerk’s Office

Federal Tax Releases:

A listing of Boston area

releases of federal tax

liens, recorded when the

tax payer pays off the lien

to the IRS, as obtained

from the U.S. District Court

Clerk’s Office

Minority/Women

Businesses: A listing of

recent company and/or

nonprofit organization

certifications by the

Supplier Diversity Office,

formerly the State Office

of Minority and Women

Business Assistance

*Real Estate Transactions:

A listing of recent

residential real estate

transactions, as obtained

from the Registry of Deeds

in Suffolk, Essex, Middlesex

and Norfolk counties

Incorporations: A listing

of newly incorporated

businesses, consisting

of both new businesses

and existing businesses

that were formerly

unincorporated, as filed

with the State Office of

Incorporations; listings

cover Suffolk, Essex,

Middlesex, Norfolk and

Plymouth counties

State Tax Liens: A listing

of recently filed state tax

liens, as obtained from the

Registry of Deeds in each

county

State Tax Releases: A

listing of recent Boston area

releases of state tax liens

DEFINITIONS

FOR THE RECORDInformation to build your business

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R EMPLOYMENT

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R EMPLOYMENT OPPORTUNITY

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MARCH 6, 2015 21

E-Motion Computer

Services Inc., by Nathan Hafford, 356 Woodland St., Holliston 01746.

Uptown Salon & Color

Studio Inc., by Rosemarie Cugini Walsh, 76 Main St., Hopkinton 01748.

Tease Hair Studio Inc., by Jaclyn Ramsay-Bonica, 67 Main St., Hudson 01749.

Devine Home Health Care

Inc., by Josie McDonald, 33 Spoonhill Road, Marlborough 01752.

Devine Home Health

Resource Inc., by Josie McDonald, 33 Spoonhill Road, Marlborough 01752.

FTW Inc., by Steven Forman, 17 Mercer Road, Natick 01760.

Getready Inc., by Richard Hamel, 209 W. Central St., Suite 303, Natick 01760.

Donnelly Brothers Services

Inc., by Alan Donnelly, 21 Waban St., Natick 01760.

Biocide Pharma Inc., by James Richards, 44 Codman Drive, Sudbury 01776.

Mindy S. Kopolow Psy.D.

PC, by Mindy Kopolow, 400 Cummings Park, Suite 3400, Woburn 01801.

AFSunny Inc., by Qiang Sun, 120 Pearl St., Burlington 01803.

MEC Technologies Inc., by Deborah Lemos, 131 Stedman St., Chelmsford 01824.

A Plus Transport Services

Ltd., by Stephen Mwangi, 1 W. 10th St., Lowell 01850.

Prayosha108 Corp., by Niki Patel, 1250 Westford St., Apt. 4, Lowell 01851.

Carvalho & Silva Cleaning

Services Corp., by Cecilia Carvalho, 293 Nesmith St., Apt. 5, Lowell 01852.

Masioli Beauty Care Corp., by Micheli Masioli, 16 Lombard St., Apt. 2-R, Lowell 01854.

Lovely Relocation Inc., by Christopher Lovely, 117 County Road, Reading 01867.

Datasol Innovative Labs

USA Inc., by Fatema Dahodwala, 2500 Main St., Suite 209, Tewksbury 01876.

Wamesit Entertainment

Center Inc., by Donald MacLaren, 434 Main St., Tewksbury 01876.

Ralph J. Burke Roofing Co.

Inc., by Daniel Burke, 27 Byron St., Wakefield 01880.

Top To Bottom Building

Services Inc., by Gary Pickett, 60 Lake Shore Drive S., Westford 01886.

Amara Design Co., by Rebecca Gray, 17 Farwell Place, No. 2, Cambridge 02138.

Secutrans Inc., by Lijun (Leon) Tang, One Mifflin Place, Suite 400, Cambridge 02138.

Sunny Nails Spa Inc., by Son Vo, 846-A Massachusetts Ave., Cambridge 02139.

Hawkeye Hospitality Inc., by Dylan Welsh, 400 Highland Ave., Somerville 02144.

Intuitive Hospitality

Solutions Inc., by William Johnson, 26 Wyllis Ave., Everett 02149.

Clean & Shine Services

Corp., by Andres Granados, 41 Heath St., Everett 02149.

Accurate Translations Inc., by Marcia De Oliveira, 23 Alexander Ave., Medford 02155.

Sakhi Inc., by Suvidhi Patel, 463 Franklin St., Melrose 02176.

Semco Inc., by Maureen Misasi, 51 Evergreen Way, Belmont 02178.

Sugar Plum Parties Inc., by Linda Tsitos, 297 Main St., Stoneham 02180.

NORFOLK COUNTY

Rental-Kings Inc., by Richard Cadet, 18 Washington St., Suite 209, Canton 02021.

J. Clarke Consulting Corp., by Jonathan Clarke, 208 Village Ave., Dedham 02026.

GS Construction Corp., by Leoncio Garcia, 17 Beech St.,

Dedham 02026.

Mission-Talent Ltd., by Kathleen Yazbak, c/o Yazbak 42 Glen St., Dover 02030.

Galway Construction

Concepts Inc., by William Coyne, 85 Lakeview Road, Foxborough 02035.

Sbordon Enterprises Corp., by David Sbordon, 2 Grant Circle, Franklin 02038.

Circle of Growth Corp., by Bhavana Motiwala, 272 Old Post Road, Sharon 02067.

Studio S Architecture Inc., by Vincent Sorrentino, 90 Highland St., Stoughton 02072.

Quarry Reclamation Inc., by Antonio Lorusso, 331 West St., Walpole 02081.

Amid Corp., by Amid Samrout, 75 Providence Highway, Westwood 02090.

Borken Enterprises Inc., by Kenneth Borwick, 15 Wren Terrace, Apt. 2, Quincy 02169.

Tea Longwood Food Inc., by Lun Liu, 87 Willet St., Quincy 02170.

Gary H. Mikels DMD PC, by Gary Mikels, 2001 Marina Drive, Unit 402, Quincy 02171.

Classic Cleaning Co. Inc., by Joseph Lee, 36 Windemere Circle, Boston 02184.

Exterior Scape Services

Inc., by Pedro Escoto, 53 Craig St., Milton 02186.

May Designs Inc., by Kerri Miller, 100 East St., Weymouth 02189.

PLYMOUTH COUNTY

A.J. Auto Repair Inc., by Richard Demelis, 12 Crow Point Lane, Hingham 02043.

Carty Inc., by Paul Carty, 16 Beals Cove Road, Hingham 02043.

Weight Loss Therapies Inc., by Lucy Rice, 104 Tremont St., Suite 2, Duxbury 02332.

Kadesch Tennis Services

Inc., by Philip Kadesch, 96 N. Folsom Ave., East Bridgewater 02333.

Hong Ji Inc., by Hong Yong Lin, 1775 Washington St., Hanover 02339.

Samurai Baseball Academy

Inc., by Ken Lalli, 17 Alberta Lane, Lakeville 02347.

Bay State Solar

Construction Inc., by Philip McCarron, 2 Shaylee Lane, Lakeville 02347.

Gosselin Real Estate

Holdings Inc., by Stephen Gosselin, 1540 Bedford St., Abington 02351.

Legacy Trustee Services

Ltd., by Jonathan Graham, 115 Court St., Suite 1, Plymouth 02360.

Plymouth Fireplace &

Energy Solutions Inc., by Leonard Crowley, 56 Court St., Plymouth 02360.

Hudson Oliveira Services

Corp., by Hudson Delfino, 70 Huntington Road, Plymouth 02360.

Rookies Bar & Grill Inc., by Jacintho Camara, 131 Braley Hill Road, Rochester 02770.

SUFFOLK COUNTY

SLG Hospitality Inc., by Stephen Gross, 198 W. Brookline St., Boston 02118.

Ice Treats Inc., by Patricia Shelton, 24 Edgewood St., Roxbury 02119.

Surge Fashion Inc., by Carter Rogan, 813 Parker St., Boston 02120.

CHG Cleaning Co., by Mojamelis Chala, 98 Standwood St., Boston 02121.

One Stop Wireless Inc., by Fernando Nunez, 145 Washington St., Dorchester 02121.

SRI Hariom Corp., by Jigarkumar Purohit, 1143-B Blue Hill Ave., Dorchester 02124.

Shaira’s Style Salon Inc., by Hector Arias, 126-A Harvard St., Dorchester 02124.

General Employment

Service Inc., by Su Nguyen,

1157 Dorchester Ave., Floor 2, Dorchester 02125.

Boston Condo Inspectors

Inc., by James Brock, 1326 Columbia Road, Boston 02127.

Charming Y Inc., by Shuangrong Yang, 197 Eighth St., Apt. PH-201, Boston 02129.

IA Management Co., by Daniel MacInnis, 120 Brookside Ave., Jamaica Plain 02130.

JP Auto Plaza Inc., by Gustavo Terrero, 3162 Washington St., Jamaica Plain 02130.

The Kitchen at Costello’s

Inc., by Johanna Higgins, 723 Centre St., Jamaica Plain 02130.

NKY Limo Inc., by Nikolaos Karampekios, 230 Metropolitan Ave., Roslindale 02131.

Marsantas Group Inc., by Martin Lillis, 310 Spring St., West Roxbury 02132.

CBF Quality Construction

Inc., by Mauricio Cabral, 16 Westford St., No. S-6, Allston 02134.

Stevens Services Inc., by Marcos Meira, 365 Feneuil St., No. S-8, Brighton 02135.

David Hall Entertainment

Inc., by David Hall, 325 Commandants Way, Unit 433, Chelsea 02150.

Sunny’s Seafood Inc., by Steven Dulock, Bay One Boston Fish Pier, Boston 02210.

R BANKRUPTCIESA listing of recent bankruptcy petitions, as filed with the U.S. Bankruptcy Court, District of Massachusetts/Boston Division. Chapter 7 filings concern liquidation of assets.

CHAPTER 7

Debtor: Northeast RX Inc.Address: 111-B County Road, North Falmouth 02556Assets: $100,001 to $500,000Debts: $0 to $50,000Major Creditor: not shownAttorney: Gary W. CruickshankCase No.: 15-10582Date: 02/23/15

R FEDERAL TAX LIENS

A listing of recently filed Boston area federal tax liens, as obtained from the U.S. District Court Clerk’s Office.

ESSEX COUNTY

Taxpayer: Aymen RajehAddress: 19 Cheever Ave., Saugus 01906Lien Amount: $15,772Tax Type: (6672)IRS Serial No. 142298815

Record Date: 02/18/15

Taxpayer: Michael MatejaAddress: 1607 Salem St., North Andover 01845Lien Amount: $34,710Tax Type: (CIVP)IRS Serial No. 142952515


Taxpayer: Shapex Inc.Address: 48 Laurier St., No. B, Haverhill 01832Lien Amount: $40,221Tax Type: (940/941)IRS Serial No. 142973615


MIDDLESEX COUNTY

Taxpayer: Antonio SoaveAddress: 75 Bishops Forest Drive, Waltham 02452Lien Amount: $43,197Tax Type: (5329/6672)IRS Serial No. 141748315


Taxpayer: Raymond J. ValcourtAddress: 24 Worden Road, Tyngsborough 01879Lien Amount: $47,476Tax Type: (6672)IRS Serial No. 142469115


Taxpayer: Mastroianni Auto

Body Inc. dba Townsend Collision CenterAddress: 206 Great Road, Shirley 01464Lien Amount: $10,743Tax Type: (941)IRS Serial No. 142974115


Taxpayer: Flow Corp. Inc. dba Flow Cleaning Services Flow MultiAddress: 70 Conn St., Woburn 01801Lien Amount: $11,882Tax Type: (941)IRS Serial No. 143324215


NORFOLK COUNTY

Taxpayer: Steve Furman Associates Inc.Address: 588 Pleasant St., Suite 6, Norwood 02062Lien Amount: $42,307Tax Type: (1120/941)IRS Serial No. 142954415


Taxpayer: JDW Inc.Address: 155 Kendrick Ave., Apt. 106, Quincy 02169Lien Amount: $16,306Tax Type: (940/941)IRS Serial No. 142969215


Taxpayer: Marshall Ogletree Associates Inc.Address: 140 Crescent Road, Needham 02494Lien Amount: $15,990Tax Type: (1120)IRS Serial No. 143318315


SUFFOLK COUNTY

Taxpayer: Cimetrics Inc.Address: 141 Tremont St., Boston 02111Lien Amount: $1,085,794Tax Type: (941)IRS Serial No. 142696815


Taxpayer: Arno R. Haberkorn EstateAddress: 45 School St. Floor 5, Boston 02108Lien Amount: $69,832Tax Type: (1041)IRS Serial No. 142952915


Taxpayer: Dollar Country Inc.Address: 384 Warren St., Boston 02119Lien Amount: $20,032Tax Type: (941)IRS Serial No. 143319415


Taxpayer: Celtic Masonry Inc.Address: 8 Soley St., Charlestown 02129Lien Amount: $32,632Tax Type: (1120)IRS Serial No. 143322515


R FEDERAL TAX RELEASES

A listing of Boston area releases of federal tax liens, recorded when the tax payer pays off the lien to the IRS, as obtained from the U.S. District Court Clerk’s Office.

ESSEX COUNTY

Taxpayer: Blue Marlin Grille Inc.Address: 65 Eastern Ave., Essex 01929Lien Amount: $23,315Tax Type: (941)IRS Serial No. 566353709

Release Date: 02/18/15

Taxpayer: Bruce BourassaAddress: 11 Willowdale Court, Amesbury 01913Lien Amount: $197,236Tax Type: (6672)IRS Serial No. 815851711


MIDDLESEX COUNTY

Taxpayer: Point Plus Realty Group Inc.Address: 1105 Massachusetts Ave., Cambridge 02138Lien Amount: $46,205Tax Type: (941)IRS Serial No. 124165214


Taxpayer: William E. Belleville Inc.Address: 5 Barton Hill Road, Chelmsford 01824Lien Amount: $27,895Tax Type: (941)

IRS Serial No. 131170114


Taxpayer: Enchante LLCAddress: 3 Pearson St., Chelmsford 01824Lien Amount: $11,539Tax Type: (941)IRS Serial No. 132780614


Taxpayer: MEI Computer Consultants Group Inc.Address: 9001 Lacadie Blvd., Suite 700, Montreal Quebec, Canada H4N 3H5Lien Amount: $51,443Tax Type: (940/941)IRS Serial No. 228624205


Taxpayer: WC Mechanical Inc.Address: P.O. Box 600590, Newtonville 02460Lien Amount: $40,118Tax Type: (941)IRS Serial No. 688736010


Taxpayer: EW Wood Inc.Address: 122 Woodridge Road, Wayland 01778Lien Amount: $51,418Tax Type: (1120/941)IRS Serial No. 866344712


Taxpayer: Orndorff Family Insurance Agency Inc.Address: 90 Eastern Ave., Malden 02148Lien Amount: $51,665Tax Type: (941)IRS Serial No. 939617713


Taxpayer: MG Vending Inc.Address: 31 Westford St., No. 33, Lowell 01851Lien Amount: $12,564Tax Type: (1120)IRS Serial No. 958602413


Taxpayer: Karol Hardscape Co.Address: P.O. Box 375, Marlborough 01752Lien Amount: $15,025Tax Type: (941)IRS Serial No. 997114014


Taxpayer: Laurence H. KendallAddress: 2 Acorn St., Malden 02148Lien Amount: $31,153Tax Type: (CIVP)IRS Serial No. 109608414


Taxpayer: Aeturnum Inc.Address: 19 Crosby Drive, Suite 160, Bedford 01730Lien Amount: $116,835Tax Type: (941)IRS Serial No. 991008914


NORFOLK COUNTY

Taxpayer: Robert J. GarrityAddress: 105 Eastern Ave., Suite 205, Dedham 02026Lien Amount: $23,697Tax Type: (6672)IRS Serial No. 101879414


Taxpayer: Art Creation Inc.Address: 1450 Providence Highway, Norwood 02062Lien Amount: $14,961Tax Type: (941)IRS Serial No. 721195210


SUFFOLK COUNTY

Taxpayer: CEX Massachusetts Inc.Address: 4446 Winter St., Boston 02108Lien Amount: $20,817Tax Type: (941)IRS Serial No. 111007614


Taxpayer: Savon Transmission Inc.Address: 1117 Business St., Hyde Park 02136Lien Amount: $13,856Tax Type: (6721/941)IRS Serial No. 648305910


R STATE TAX LIENSA listing of recently filed state tax liens, as obtained from the Registry of Deeds in each county.

ESSEX COUNTY

Taxpayer: Wireless Repair Solutions Inc.Address: 332 Broadway St., Lawrence 01841

Lien Amount: $16,499Tax Type: (withholding)Book/Page: 14129/316File Date: 02/17/15

Taxpayer: One Thong Chai Thai Cuisine LLCAddress: 1086 Riverside Drive, Methuen 01844Lien Amount: $24,656Tax Type: (meals/meals lo.)Book/Page: 14129/313File Date: 02/17/15

Taxpayer: Cecilia JaimeAddress: 111 S. Broadway, Lawrence 01843Lien Amount: $17,335Tax Type: (meals/meals lo.)Book/Page: 14129/318File Date: 02/17/15

Taxpayer: Plum Island Grille Inc.Address: 2 Plum Island Blvd., Newbury 01951Lien Amount: $36,760Tax Type: (unemployment)Book/Page: 33859/1File Date: 02/18/15

Taxpayer: Johnson Paving Inc.Address: 4 Silver Ledge Road, Newbury 01951Lien Amount: $23,382Tax Type: (unemployment)Book/Page: 33858/267File Date: 02/18/15

Taxpayer: From the Ashes LLCAddress: 325 Broadway, Lynnfield 01940Lien Amount: $51,819Tax Type: (unemployment)Book/Page: 33860/482File Date: 02/19/15

MIDDLESEX COUNTY

Taxpayer: Nova Engineering Ltd.Address: 31 Dunham Road, Suite 1, Billerica 01821Lien Amount: $21,299Tax Type: (unemployment)Book/Page: 28827/46File Date: 02/17/15

Taxpayer: Richard Shin/Boston Tea StopAddress: 54 JFK St., No. 1, Cambridge 02138Lien Amount: $11,083Tax Type: (meals/meals lo.)Book/Page: 64918/28File Date: 02/17/15

Taxpayer: Sierra 4 TechnologiesAddress: 100 Trade Center, Apt. G-706, Woburn 01801Lien Amount: $22,975Tax Type: (corp./sales & use)Book/Page: 64918/52File Date: 02/17/15

Taxpayer: Route 38 Entertainment Inc.Address: 2212 Main St., Tewksbury 01876Lien Amount: $24,458Tax Type: (meals/meals lo.)Book/Page: 28824/116File Date: 02/17/15

Taxpayer: Sameem Associates Inc.Address: 34 Lincoln St., Newton Highlands 02461Lien Amount: $32,435Tax Type: (withholding)Book/Page: 64918/19File Date: 02/17/15

Taxpayer: Hemang Gandhi Address: 34 Amelia Drive, Waltham 02452Lien Amount: $28,634Tax Type: (meals)Book/Page: 64918/34File Date: 02/17/15

Taxpayer: Michael J. Jaworek/The DinerAddress: 353 Lincoln St., Marlborough 01752Lien Amount: $11,638Tax Type: (meals)Book/Page: 64918/15File Date: 02/17/15

Taxpayer: 3 Common Inc.Address: 215 Great Road, Shirley 01464Lien Amount: $19,653Tax Type: (withholding/performer/meals/meals lo.)Book/Page: 64918/33File Date: 02/17/15

Taxpayer: Sandra Shea Associates Inc.Address: 452 Gleasondale Road, Stow 01775Lien Amount: $10,867Tax Type: (withholding)Book/Page: 64918/59File Date: 02/17/15

Taxpayer: MC Contracting Inc.Address: 24 Lomar Park,

Suite A, Pepperell 01463Lien Amount: $56,535Tax Type: (unemployment)Book/Page: 64935/449File Date: 02/20/15

Taxpayer: Sandstone Capital Management Ltd.Address: 85 Chestnut St., Weston 02493Lien Amount: $158,392Tax Type: (unemployment)Book/Page: 64935/448File Date: 02/20/15

NORFOLK COUNTY

Taxpayer: 1050 NMain Group LLCAddress: 1064 N. Main St., Randolph 02368Lien Amount: $10,312Tax Type: (meals/meals lo.)Book/Page: 32907/571File Date: 02/19/15

Taxpayer: Designer Solutions Inc.Address: 620 South St., Holbrook 02343Lien Amount: $16,637Tax Type: (withholding)Book/Page: 32907/596File Date: 02/19/15

Taxpayer: TCU Enterprises Inc.Address: 465 North St., Randolph 02368Lien Amount: $11,098Tax Type: (corp.)Book/Page: 32907/595File Date: 02/19/15

Taxpayer: Paramount Performance and Rehab Inc.Address: 67 Park St., Wrentham 02093Lien Amount: $27,027Tax Type: (withholding/sales & use)Book/Page: 32907/573File Date: 02/19/15

Taxpayer: Lee Imported Cars Inc.Address: 962 Worcester Road, Wellesley 02482Lien Amount: $24,205Tax Type: (corp.)Book/Page: 32907/597File Date: 02/19/15

SUFFOLK COUNTY

Taxpayer: Pho Hoa Restaurant Inc.Address: 1370 Dorchester Ave., Dorchester 02122Lien Amount: $33,189Tax Type: (meals/meals lo.)Book/Page: 54055/184File Date: 02/17/15

Taxpayer: Parkside Inc. dba Parkside ChristianAddress: 670 Washington St., Dorchester 02124Lien Amount: $48,898Tax Type: (withholding)Book/Page: 54055/192File Date: 02/17/15

Taxpayer: International Bicycle Center Inc.Address: 89 Brighton Ave., Allston 02134Lien Amount: $21,860Tax Type: (sales & use)Book/Page: 54055/197File Date: 02/17/15

Taxpayer: Expressit Logistics Inc.Address: 50 Terminal St., Charlestown 02129Lien Amount: $91,889Tax Type: (unemployment)Book/Page: 54054/295File Date: 02/17/15

Taxpayer: Mr. V Discount Auto Parts Inc.Address: 362 Centre St., Jamaica Plain 02130Lien Amount: $25,277Tax Type: (withholding)Book/Page: 54055/190File Date: 02/17/15

Taxpayer: Homemade Design Corp.Address: 41 Monument Ave., Charlestown 02129Lien Amount: $10,945Tax Type: (withholding/sales & use)Book/Page: 54055/195File Date: 02/17/15

Taxpayer: Martorelli Inc.Address: 70 Butler St., Revere 02151Lien Amount: $11,659Tax Type: (withholding)Book/Page: 54055/186File Date: 02/17/15

Taxpayer: Gary J. Webster/Down Home DeliveryAddress: 2 Bowdoin St., Dorchester 02124Lien Amount: $15,202

Tax Type: (withholding/

meals/meals lo.)

Book/Page: 54055/194

File Date: 02/17/15

Taxpayer: Pacific Drywall

LLC

Address: 19 Sawyer Ave., No.

3, Dorchester 02125

Lien Amount: $35,863

Tax Type: (unemployment)


File Date: 02/19/15

Taxpayer: Merck Co. Inc.

Address: 33 Ave. Louis

Pasteur, Boston 02115


Tax Type: (unemployment)


File Date: 02/20/15

R STATE TAX RELEASES

A listing of recent Boston area

releases of state tax liens.

ESSEX COUNTY

Taxpayer: David Langlois dba

Oh Daddy’s/Oh Daddy’s

Address: 125 S. Main St.,

Haverhill 01835



File Date: 02/17/15

Taxpayer: Dimitrios Tegos

and Helen Kottas dba Essex

Pizza

Address: 235 Western Ave.,

Essex 01929



File Date: 02/17/15

Taxpayer: ATS Finishing Inc.

Address: 2350 Turnpike St.,

North Andover 01845



File Date: 02/17/15

Taxpayer: Eric Russell dba

Russell’s Florist/Russell’s

Florist

Address: 18 Eastern Ave.,

Gloucester 01930



File Date: 02/17/15

Taxpayer: Danilo Diroche dba

Los V Tires/Los V Tires

Address: 106 Chestnut St.,

Lynn 01902



File Date: 02/17/15

Taxpayer: Boston Bridge

Services Inc.

Address: 144 Hampshire

Road, Methuen 01844



File Date: 02/17/15

Taxpayer: The Gove Lumber

Co. Inc.

Address: 80 Colon St.,

Beverly 01915



File Date: 02/17/15

Taxpayer: David Langlois dba

Oh Daddy’s/Oh Daddy’s

Address: 125 S. Main St.,

Haverhill 01835



File Date: 02/17/15

Taxpayer: Miguel Grocery

Store Inc.

Address: 373 Broadway,

Lawrence 01841



File Date: 02/17/15

Taxpayer: The Gove Lumber

Co. Inc.

Address: 80 Colon St.,

Beverly 01915



File Date: 02/17/15

MIDDLESEX COUNTY

Taxpayer: Carson M. Eddy/

Modillion Design LLC

Address: 309 Waltham St.,

West Newton 02465



File Date: 02/17/15

Taxpayer: EW Wood Inc.

Address: 122 Woodridge

Road, Wayland 01778



File Date: 02/17/15

FOR THE RECORD

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VIEWPOINTThe Business Journal welcomes letters to the editor

Massachusetts has won its “unfair share” of federal research dollars for decades.

On a per capita basis, Boston is the No. 1 city in the U.S. and Massachusetts is the No. 1 state, per capita, in terms of National Institutes of Health grant dollars awarded. Nationally, as the public learned the word “sequestration” two years ago, there was signifi cant focus placed on that crisis: the across-the-board cuts to federal research programs such as NIH. By cutting those funds, the government was choosing to starve the nation’s academic research centers, which provide high-paying jobs to scientists and their staff s, and was sacrifi cing the future scientifi c breakthroughs of tomorrow, which depend so heavily on the basic research

these institutions provide.Since 2010, NIH funds to the Broad

Institute have dropped by $43.2 million, and funds for Beth Israel Deaconess Medical Center have dropped by $24.7 million. Funds to Massachusetts institutions overall have dropped by over $150 million, even as the number of grants have remained relatively fl at.

Underneath those numbers lurks an even more serious problem: the average age of an NIH grant recipient has risen to 42 years old, while the percentage of grant recipients under the age of 36 has plummeted by 13 percentage points, to just 3 percent of recipients, since 1980, according to the National Academy of Sciences. Th e data shows what bench scientists across Massachusetts already know — our most promising young

scientists are being squeezed out of competitions for scarcer research dollars.

Given the state’s fi nancial woes, it’s not politically feasible to suggest that the state make available funds for research. But programs that have worked successfully in the past — small seed-fund programs that act as a catalyst to strengthen multi-institutional award applications, for example — have proved eff ective when monitored closely and deployed in areas of strategic importance to the Commonwealth’s existing priorities.

Th e state cannot backfi ll the gap left by shrunken federal funding programs, nor should it. But providing incentives to industry and academia that helps Massachusetts continue to win our unfair share shouldn’t be off the table.

EDITORIAL

As NIH funds dwindle, state can play catalytic role

T he news is fi lled with descriptions of what the snow and cold have done to our Boston commutes

and prescriptions for what to do about it. While a crisis may not be the best time to make major infrastructure decisions, it focuses our attention on our transportation weaknesses and creates hope for real action that can improve the city and region.

Gov. Baker has announced a special panel “to perform an in-depth diagnostic review of the MBTA’s core functions.” Sec. Pollack is right that this report can help by synthesizing previous work. As far as MBTA evaluations go, it is hard to do better than David D’Alessandro’s report, which details with clarity the T’s predicament. Optimally, we will have a vocal, credible T insider to advocate for making the hard choices necessary to improve the T. It is encouraging that the MassDOT Board moved quickly to name Frank DePaola to serve as interim general manager. Th e board should also move quickly to engage a new general manager so that we can have an agent of change to leverage this winter into a realistic agenda for the future. Bold leadership is in order.

People connect the desire to host the Olympics with the need for an effi cient transit system, but the real question is, what will elevate us as the world-class city we profess to be through the remainder of this century? It will not be

the infrastructure we have today. Fixing T motors and switches, while important, will not make a dent in achieving our long-term goals as a community. Band-Aids, even large ones, will not bring the future we should envision.

Attacking costs is necessary, but will prove diffi cult and cannot solve the

problem alone. Restructuring the T’s debt is similarly important, but will not adequately free up funds for necessary capital investment. Any tax is the third rail of politics, but we need an enhanced, dedicated infrastructure revenue source.

Voters in November repealed gas tax indexing. One could conclude that the populace has disapproved an increased gas tax. More likely, our citizens exercised a long-standing dissatisfaction with taxes that are not approved by the people or their representatives.

So perhaps there is an opportunity for an increase in the existing gas tax dedicated to transportation as long as our legislators approve it. Th e business community generally supported upholding indexing, and it seems appropriate to take another look at an increased dedicated gas tax to help move our transportation system forward. A modest increase in the Massachusetts gas tax with revenue going into the Commonwealth Transportation Fund could provide funding to slice away at the T’s capital projects backlog.

Massachusetts has a window of opportunity to create a better and deeper foundation for growth for Greater Boston. We should confi dently approach this challenge keeping in mind how we and future generations will move about and settle our region through the remainder of the 21st century.

PAUL BAUER

Ideas for fi xing the MBTA that don’t include gas tax won’t get off the platform

Paul Bauer is the leader of Bowditch & Dewey LLP’s real estate and environmental practice. In the 1980s, he served as regional counsel to the Federal Transit Administration.

We want to hear your opinion on the issues you read about in the Boston Business Journal. Submit letters to Editor Doug Banks at [email protected].

A few guidelines: Keep it brief and civil and remember to mention the news story you’re writing about. No anonymous letters will be printed, and submissions will be edited.

R WHAT DO YOU THINK?

EDITORIALExecutive Editor

E. Douglas Banks, 617-316-3221

Managing Editor

Craig Douglas, 617-316-3231

Associate Managing Editor

Greg Walsh, 617-316-3229

Web Editor

Eric Convey, 617-316-3224

BioFlash Editor

Don Seiffert, 617-316-3271

Real Estate Editor

Catherine Carlock, 617-316-3223

Technology Editor

David Harris, 617-316-3239

Staff Reporters

Mary Moore, 617-316-3226

Sara Castellanos, 617-316-3272

Jessica Bartlett, 617-316-3227

Greg Ryan, 617-316-3235

Associate Editor/Research

Sean McFadden, 617-316-3232

Chief Photographer

W. Marc Bernsau, 617-316-3202

Design Director

Josh Knowlton, 617-316-3278

CORPORATE SALESDirector of Advertising and Media Sales

Angela Canale, [email protected],

617-316-3212

Senior Advertising Sales Managers

Katina Grush, [email protected],

617-316-3216

Jason Makin, [email protected],

617-316-3215

Conrad Paquette, [email protected],

617-316-3218

Stacey Farrell, [email protected],

617-316-3219

Sales Operations/Development Manager

Kayle Ross, [email protected],

617-316-3213

AUDIENCE DEVELOPMENTAudience Development Director

Michelle Laczkoski, [email protected],

617-316-3207

Corporate/Bulk Sales Manager

Dana Peterson, [email protected],

617-316-3211

Circulation Operations Manager

Mary Beth Minto, [email protected],

617-316-3210

Outside Audience Development Manager

Abby Grant, [email protected]

617-316-3260

Audience Development Representative

Nicholas Haun, [email protected],

617-316-3204

CREATIVE SERVICESCreative Services Director

Gerard J. Riley, [email protected],

617-316-3250

Assistant Creative Services Director

Daniel Stachurski, [email protected],

617-316-3237

CORPORATE EVENTSEvents Director

Lauren Whalen, [email protected],

617-316-3228

ADMINISTRATIONController

Heather Lacey, [email protected],

617-316-3275

Receptionist

Cheryl Bracey, [email protected],

617-330-1000

160 Federal St., Boston, MA 02110 617-330-1000 (phone), 617-330-1016 (fax)

www.BostonBusinessJournal.com@BostonBizNews, @BostonBizJournl

Gale Murray, [email protected]

@BosBizPublisher

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MARCH 6, 2015 23

L AW S U I T F I G H TS FO R B U S I N E S S R I G H TSTo the Editor: Last Tuesday, two Massachusetts companies, with the nationally recognized Goldwater Institute, filed a bold lawsuit seeking to close the “union loophole” in state campaign finance law, (“Conservative group sues to overturn Massachusetts law preventing corporations from making political contributions,” BBJ Feb. 24) and both plaintiff s have connections to the Massachusetts Fiscal Alliance. 1A Auto Inc., a family-owned auto parts retailer in Pepperell, is run by Rick Green, who is also the chairman of Massachusetts Fiscal Alliance’s board. Mike Kane, whose Ashland business, 126 Self Storage Inc., is also part of the suit, serves on the alliance’s board as well.

Massachusetts’ campaign contribution restrictions are tilted heavily in favor of unions and against businesses. Since 1908, businesses have faced a total contribution ban to state candidates. The “union loophole” originated by special rules implemented outside the normal legislative process in 1988. These special rules allow unions to contribute as much as $15,000 to state candidates, while individuals are permitted to contribute up to $1,000. After unions have donated $15,000 to a campaign, their political action committees (PACs) can continue

to contribute up to the ordinary limits. Meanwhile, business PACs are banned from contributing.

Massachusetts is also one of a handful of states in the country to prohibit businesses from donating to PACs that can donate to candidates. Under federal campaign finance law, businesses are permitted to fund/administer these types of PACs, as are unions. These laws should not be confused with the landmark Supreme Court case Citizens United, which does not focus on the issue of direct donations to candidates and campaigns.

Due to our state’s campaign finance laws, which legislative leaders failed to reform last year, state law favors unions over individuals and business. This results in an uneven playing field and violates state and federal constitutional guarantees of equal protection, free speech, and free association. The plaintiff s and the Goldwater Institute are challenging Massachusetts’ contribution ban in order to vindicate the constitutional rights of businesses to participate on equal footing with unions and other groups in the political process.

Paul D. Craney is the executive director of Massachusetts Fiscal Alliance.

LETTERS TO THE EDITOR

SHOULD THE MBTA GET NEW FUNDING AND IF SO FROM WHERE?VOTES CAST: 404

R 41% More funding, primarily from

taxpayers across the state.

R 19% More funding, primarily from owners

or builders of properties near stations.

R 19% More funding, primarily from riders.

R 18% No new funding.

R 3% We need to break our reliance on

public transportation and expand roads and

parking options.

41%19%

19%

18%

3%Tell us what you think: http://www.bizjournals.com/boston/pulse

R BUSINESS PULSE SURVEY

Send letters to the Boston Business Journal 160 Federal St., Boston, MA. 02110-1700

[email protected]

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Diana Pisciotta Denterlein

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LEGAL AID IS AN INVESTMENT WORTH INCREASINGTo the Editor: Thank you for your article about the need for additional civil legal aid funding in Massachusetts (“Advocates call for a $10M increase next year in Mass civil legal aid budget”, Jan. 30). I am writing to correct any inadvertent misperceptions about civil legal aid the piece may have created. Contrary to an assertion in the story, legal aid helps more than “deadbeat renters.” For example, since 1999, with the assistance of civil legal aid organizations such as Greater Boston Legal Services, the Boston Bar Association has sponsored a “Lawyer for a Day” program in Boston Housing Court in which volunteer attorneys have assisted nearly 16,000 people: tenants and property owners alike.

That concern over the eff ect increased funding would have on the state’s present budget deficit ignores the contrary

findings of a statewide task force convened in 2013 by the bar association. That task force, composed of legislators, judges, business leaders, legal services representatives and academics, spent 18 months researching the problems and hidden costs that arise because so many people in the state lack access to legal assistance. After determining that legal aid actually saves the state more than it costs, the task force recommended increasing the state’s investment in civil legal aid by $30 million. I strongly support taking the first step toward that investment by increasing legal aid funding this year by $10 million. It is clear that, now more than ever, we need more civil legal aid resources in Massachusetts.

Samuel Moskowitz is a shareholder in Davis Malm & D’Agostine PC.

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Either you buy 10 Samsung Galaxy S5s from Verizon and spend $14,959 over 2 years.*

Don’t buy this phone. The math is so simple.

Device leasing from Sprint Business gives your people the devices they want in a simple, flexible, incredibly aff ordable way. • Reduce your up-front device costs• Drive down the cost of your mobile network services• Turn big, fat lumps of capital into predictable

operating expenses• And get the latest tech

Do the math. And you’ll never buy a device again.

Or you lease them from Sprint Business and save more than $5,599 over the same period compared to Verizon.*

*Savings based on well qualified customer with new-line activation or eligible upgrade. Comparison based on publicly-available information as of 02/13/15 between Sprint Lease 24 mo. contract to 2-year contract and device pricing on Verizon More Everything Plan for 10 lines using Samsung Galaxy S5. Upfront device cost: ($0/ Sprint vs. $1,999.90/Verizon. Monthly phone cost: $200/ Sprint vs. $0/Verizon excluding taxes and Sprint surcharges. Limited time off er $5 / mo. service credit x 10 lines: ($50) month Sprint vs. N/A Verizon for new-line or activation or eligible upgrade up to 24 months of lease term, provided the device remains active. 20 GB Shared Data: $90/Sprint vs. $140/Verizon. Monthly access with Unlimited talk + Text While on network: $150/Sprint vs $400/Verizon. Monthly Total 10 lines:$390/Sprint vs $540/Verizon. 24 Month total 10 lines: $9,360/Sprint vs $14,959.90/Verizon resulting in $5,599.90 savings over 24 months. Comparison does not include optional device purchase at the end Other monthly charges apply. See below. Monthly lease payments exclude taxes (varies by area). Monthly services charges exclude taxes and Sprint Surcharges [incl. USF charge of up to 16.8% (varies quarterly), up to $2.50 Admin. & 40¢ Reg. /line/mo. & fees by area (approx. 5 -20%)]. Surcharges are not taxes. See sprint.com/taxesandfees. Plan: Activ. Fee: $36/line. Credit approval req. Plan Details: Plans only available to Corporate-Liable business subscribers. CL discounts may apply only to monthly shared data charges. Includes unlimited domestic Long Distance calling and texting while on the Sprint Network. Data allowance as specified. Third-party content/downloads are add’l charge. Int’l svcs are not included. Data: Includes shared data across all subs. Depending on plans selected, includes 20GB of on-network data usage and 100MB off -network data usage. Add’l on-network data usage: 1.5¢/MB. Additional off -network data can be added by opt in only for 25¢/MB for tablets/MBBs. If conflicting share data allowances are applied to an account, the majority on account or most recent change may be applied for all lines. Mobile Hotspot usage pulls from your shared data and off -network allowances. Add-ons: Good for Enterprise™ or BlackBerry Enterprise Service 10 can be added to select data plans for an additional $15/mo. per line. Other BlackBerry smartphones can add BlackBerry Enterprise Server for $20/mo. per line. Messaging: Includes sending/receiving domestic texts (SMS) and pics/videos thru texts (MMS).Discounts: Discount of up to $20/mo./line will be applied within 3 invoices for customers that have chosen Lease. The discount will remain until a new device transaction. Discounts do not apply to basic/feature phone transactions. Usage Limitations: Other plans may receive prioritized bandwidth availability. To improve data experience for a majority of users, throughput may be limited, varied or reduced on the network. Sprint may terminate service if off network roaming usage in a month exceeds (1) 800 min. or a majority of min.; or (2) 100MB or a majority of KB. Prohibited network use rules apply-see sprint.com/termsandconditions. Lease:Terms for all other customers will vary including amount due at signing and taxes/fees. Req. qualifying device and service plan. No equipment security deposit required. Upon completion of 24 mo. term, customer can continue to pay monthly lease amount, purchase or return the device. Customer is responsible for insurance and repairs. Early termination of lease/service: Remaining lease payments will be due immediately, and requires device return or payment of purchase option device price in lease. $5/Mo. Lease Service Credit: Off er ends 04/09/15. CL only. Req. eligible device on 24 mo. Sprint Lease and new-line activ. or eligible upgrade on Sprint Business Share plan. Receive $5/mo service credit for 24 months with eligible device with Sprint Lease. No cash back. Account must remain in good standing to receive svc credits. Allow up to 3 billing periods for 1st svc credit to appear following activ. Avail. from Sprint Business Rep. only. No discounts apply. May not be combined with other off ers. Other Terms: Off ers and coverage not available everywhere or for all devices/networks. May not be combined with other off ers. Restrictions apply. See sprint.com for details ©2015 Sprint. All rights reserved. Sprint and the logo are trademarks of Sprint.

Call 877-633-1102 or visit sprint.com/dothemath to take advantage of this limited time off er.

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