Boston-area office market shows signs of stability as pandemic eases


Norwood-based DCD Automotive Holdings has expanded its growing empire in Rhode Island by entering into a deal to purchase the Tarbox Hyundai and Tarbox Toyota dealers in Kingstown, RI DCD, owned by father and son Dan and Chris Dagesse, buys the two dealers at Eddie Tarbox and around 90 employees will join DCD. DCD will rename them “Nucar Tarbox Hyundai” and “Nucar Tarbox Toyota”, to keep them consistent with most of the other dealers in the DCD portfolio that carry the Nucar brand. DCD has grown into one of New England’s largest auto groups, with nearly 20 dealerships, through a series of acquisitions in recent years, including the purchase of Lannan Chevrolet dealers in Lowell and Woburn in the spring. . – JON CHESTO


Citizens set aside nearly $ 3 million for workforce development programs

The Citizens Bank on Tuesday unveiled nearly $ 3 million in various subsidies for workforce training in the region. Topping the list is a pledge of $ 1.6 million that will go to Year Up, for internships and educational programs. The Providence-based bank is also donating $ 200,000 to Bunker Hill Community College to launch a training program called the “Citizens Community College Accelerator” and $ 150,000 to LISC Boston to strengthen mid-level careers in health care. And the bank distributes $ 840,000 to 20 nonprofits, primarily in Greater Boston, to support local workforce development programs. A spokesperson said some of the grants are a continuation of past efforts, such as the Year Up donation, and some are new, such as the Bunker Hill donation. – JON CHESTO


Little Caesars presents plans to expand in Mass., RI

Many more Detroit-style pizzas may soon be coming to New England. Michigan-based Little Caesars said on Tuesday it wanted to roughly triple its presence in Massachusetts and Rhode Island over the next several years. The country’s third-largest pizza chain, with 17 locations in the Greater Boston and Providence markets, said it plans to allocate 50 new franchise locations in both regions by 2026. Sales of pizzas have increased steadily during the pandemic and national chains and local operators are seeking to consolidate their gains. – TIM LOGAN


Amazon seeks space to expand in Seattle area Inc. CEO Andy Jassy is open to a reset of his company’s sometimes controversial relationship with the city of Seattle, but has made it clear that he is hedging his bets with plans to expand in the neighboring communities. The world’s largest online retailer is by far Seattle’s largest private employer with over 50,000 employees. That distinction has proven to be a headache in recent years, with some residents and government officials accusing the company of exacerbating homelessness and traffic. The company, which is completing construction of an expanded campus for its headquarters in Seattle, has gradually shifted its expansion plan to nearby cities like Bellevue and Redmond. Bellevue, just east of Seattle, “is where most of our growth will end up being,” Jassy said. He added that he wouldn’t be surprised if Amazon opened more offices in other cities in the region. – BLOOMBERG NEWS


Police, wait staff and bankers most likely to say ‘quit’

Police officers, restaurant workers and bankers are among the occupations with the highest turnover rates in a study of job volatility in the United States. In part, that’s because U.S. employees are now more interested than ever in exploring other opportunities or unsolicited recruiting messages, according to the report from Workforce Logiq, a provider of recruiting and workforce management tools. Workforce Logiq has found that bankers are the most likely to cite mental health issues as the main reason for leaving their jobs, and many are not receptive to being called back to the office. Software engineers and IT professionals, two in-demand occupations, are other categories with high churn rates. Attrition could get worse, according to a recent McKinsey poll, which found that 36% of those polled who had quit in the previous six months had done so without having a new job in sight. – BLOOMBERG NEWS


Prepare to pay for your Pepsi

Add soda and a bag of crisps to the growing list of things that will soon cost more. PepsiCo Inc. CFO Hugh Johnston said on Tuesday that higher prices would be the “No. 1 ″ tool that the beverage and snack maker will use to offset higher commodity, transportation and supply chain costs. Johnston said PepsiCo will also change the product line it sells in an effort to encourage shoppers to switch to more profitable items, like assorted packs of Lay’s chips instead of larger bags. The maker of Mountain Dew and Doritos on Tuesday reported third-quarter sales that exceeded analysts’ estimates while increasing its revenue forecast for the year. Johnston said the company’s beverage business has been hampered by a shortage of certain supplies, such as aluminum cans used for soft drinks and plastic bottles for Gatorade sports drinks. – BLOOMBERG NEWS


Service industries see better times ahead

US service providers grew at a faster-than-expected pace in September, supported by a recovery in activity and sustained growth in new orders. The Institute for Supply Management’s non-manufacturing index climbed to 61.9 last month from 61.7 in August, data showed Tuesday. The median forecast from a Bloomberg survey of economists called for the measure to drop to 59.9. Readings above 50 signal growth. The report suggests that concerns about the Delta variant – while still present – are easing, as Americans feel more confident spending money on services like dining out and travel. Seventeen of the 18 service industries recorded growth in the past month, led by retail, entertainment and management and business support. – BLOOMBERG NEWS

Jose C. Birney