COMING UP ON THIS WEEK’S PBN METROWEST BUSINESS REPORT A LOCAL DEFENSE CONTRACTOR TACKLES CYBERSECURITY, NEW HOTELS ARE BREAKING GROUND LOCALLY, A MAJOR FAST FOOD FRANCHISE RETURNS TO MARLBORO, CHANGES ARE COMING TO SHOPPERS WORLD AND AN UPCOMING RIBBON CUTTING WITH THE RED SOX TROPHIES AS AN ADDED BONUS! THESE STORIES AND MORE ON THE PROACTIVE BUSINESS NETWORK’S WEEKLY BUSINESS REPORT.
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HI EVERYONE, I’M CHRISTINE HACHEM AND THIS IS THE PBN BUSINESS REPORT.
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WALTHAM BASED DEFENSE AND TECHNOLOGY FIRM, RAYTHEON, PLANS TO CONTINUE THEIR INVESTMENT IN CYBERSECURITY INTITATIVES.MICHAEL DALY, CHIEF TECHNOLOGY OFFICER OF THE COMPANY’S CYBERSECURITY AND SPECIAL MISSIONS DIVISION RECENTLY STATED THAT THE THREE POINT FIVE BILLION DOLLAR INVESTMENT THUS FAR
” IS AN ACKNOWLEDGEMENT ABOUT HOW THE WORLD IS CHANGING TO CONNECT MORE AND MORE DEVICES. WHEN YOU CONNECT ALL OF THESE SENSORS TOGETHER, THERE’S A RISK.”
THE COMPANY HAS ACQUIRED 17 SECURITY-RELATED WHICH
BOOST THE AVAILABILITY OF THEIR CYBERSECURITY TECHNOLOGY OFFERINGS IN THE COMMERCIAL MARKET.
DALY SAID RAYTHEON PLANS TO CONTIUNE ACQUISITIONS AND NOW HAS HUNDREDS OF JOB OPENINGS GLOBALLY
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THE METROWEST AREA IS GAINING AT LEAST TWO NEW HOTELS AND BOTH ARE EXTENDED STAY PROPERTIES. PLANS FOR A ONE HUNDRED TWENTY ROOM WASHINGHTON SQUARE HILTON EXTENDED STAY HOTEL HAVE BEEN APPROVED BY THE WORCESTER PLANNING BOARD. STEPHEN ROLLE, DIRECTOR OF THE CITY DIVISION OF PLANNING AND REGULATORY SERVICES, SAID
“WE THINK THERE IS A STRONG DEMAND FOR EXTENDED STAY BUSINESS HERE IN THE DOWNTOWN AREA. THIS IS A GOOD LOCATION FOR THIS TYPE OF USE.”
THE $21 MILLION PROJECT WILL NOT HAVE A FULL SERVICE RESTAURANT OR FUNCTION ROOMS BUT IS EXPECTED TO GENERATE $200,000 IN PROPERTY TAXES ANNUALLY AND UP TO ONE HUNDRED AND FIFTY THOUSAND DOLLARS IN LOCAL HOTEL TAX REVENUES AND EMPLOY UP TO 35 PEOPLE.
MEANWHILE, A GROUNDBREAKING CEREMONY WAS HELD IN CONCORD FOR THE NEW RESIDENCE INN BY MARRIOTT THAT IS DUE TO BE COMPLETED BY NEXT SUMMER. THE PROPERTY WILL HAVE ONE HUNDRED EIGHTEEN STUDIO ROOMS AND WILL BE DSIGNED TO BE ENVIRONMENTALLY FRIENDLY WITH FEATURES SUCH AS ELECTRIC CAR CHARGING STATIONS AND A ROOF WATER COLLECTION SYSTEM FOR IRRIGATION.
WATERFORD DEVELOPMENT CORPORATION OF FRAMINGHAM AND XSS HOTELS OF PORTSMOUTH, NEW HAMPSHIRE ARE JOINT OWNERS IN THE VENTURE AND COLWEN HOTELS, OF PORTSMOUTH, WILL MANAGE THE PROPERTY.
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IN RESTAURANT NEWS, TACO BELL IS POISED TO RETURN TO MARLBORO AFTER A LONG HIATUS. THE MEXICAN FAST FOOD FRANCHISE PLANS TO OPEN ON THE BOSTON POST ROAD IN A THREE THOUSAND SIXTY-ONE SQUARE-FOOT SITE ONCE OCCUPIED BY A WENDYS.
THE RESTAURANT IS EXPECTED TO SEAT ABOUT 70 PEOPLE AND WILL BE OPEN FROM 7 A.M. TO 2 A.M. THEY EXPECT TO EMPLOY FORTY TO SIXTY WORKERS.
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CHANGES ARE COMING TO THE SHOPPERS WORLD AREA IN FRAMINGHAM. LONG TIME LOCAL FAVORITE PAPA RAZZI RESTAURANTS ARE BEING RENAMED. THE NEW NAME WILL BE PAPA RAZZI METRO. ONE BY ONE THE LOCATIONS ARE UNDERGOING RENOVATIONS CHAIN WIDE AFTER BEING PURCHASED BY THE NEWPORT RESTAURANT GROUP. THE PLAN IS TO APPEAL TO A BROADER AUDIENCE WITH UPDATED DESIGN AND MENUS. NEW OFFERINGS MADE IN HOUSE WILL INCLUDE FRESH PASTA AND BREAD MADE PLUS ITALIAN SODAS AND LIMONCELLO. THERE WILL ALSO BE A SALUMI AND CHEESE BAR. THE WELLESLEY LOCATION WILL BE THE NEXT RENOVATION HOPEFULLY WITH FRAMINGHAM NOT TOO FAR BEHIND.
NEARBY, BRE DDR SHOPPERS WORLD LLC PROPOSES TO BUILD AN ENTERTAINMENT COMPLEX THAT INCLUDES AN UPSCALE KINGS BOWLING ALLEY, AN INDOOR SKYDIVING FACILITY AND A RESTAURANT.
THE 12.8-ACRE SITE IS ON FLUTIE PASS BETWEEN SHOPPERS WORLD AND THE NATICK MALL, ACROSS FROM THE AMC MOVIE THEATRE. KINGS BOWLING WILL HAVE ITS OWN EATING AREA AND BAR, BUT DDR IS SEARCHING FOR A TENANT FOR THE SEPARATE 9,500-SQUARE-FOOT RESTAURANT. THE FRAMINGHAM PLANNING BOARD IS WORKING WITH THE DEVELOPERS TO MOVE THE PROJECT FORWARD.
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FINALLY, AT TEN OCLOCK ON SEPTEMBER SIXTEENTH THE METROWEST CHAMBER OF COMMERCE WILL CONDUCT A RIBBON CUTTING CEREMONY FOR NAPA AUTO PARTS NEW STORE. THE PUBLIC IS INVITED TO ATTEND AN OPEN HOUSE AT 113 IRVING STREET IN FRAMINGHAM FROM 10 A.M. TO 6 P.M. WITH LUNCH BEING SERVED AT NOON. SEVERAL MANUFACTURER REPRESENTATIVES WILL PROVIDE LIVE DEMONSTRATIONS OF SERVICE EQUIPMENT AND TOOLS AND THERE WILL BE PRIZE RAFFLES THROUGH THE DAY. THE RED SOX WORLD SERIES TROPHIES WILL ALSO BE ON HAND FOR PHOTOS. FOR MORE INFORMATION PLEASE VISIT THEIR WEBSITE AT:
THAT’S THE PBN BUSINESS REPORT FOR THIS WEEK. FOR THE PROACTIVE BUSINESS NETWORK, I’M CHRISTINE HACHEM.
