Get Adobe Flash player
Home

Welcome

50th logo

Grounded in a tradition of economic development accomplishment, the WBDC has played a key role in strengthening the Worcester region’s position as an economic leader in Massachusetts. Through targeted investment and strategic partnering, the WBDC brings skills and resources to challenging and complex projects.

The WBDC has been successful in its purpose, creating thousands of jobs, and generating millions of dollars in annual taxes to the region. It has created and maintained good relationships in each community that it has worked, caring as much for what happens in the community as those who live and work there.

 

There are many reasons for WBDC’s success — vision, competence, an ability to adapt to economic challenges — but perhaps the most important is private-public collaboration."

~Robert Z. Nemeth

Telegram & Gazette

 


 

WBDC/WCAC 50th Anniversary Highlights Video

 

Worcester Idea Lab Launches Downtown

By Joshua Lyford

Action! Worcester held their brand unveiling party at their 20 Franklin St. location on Thursday, Jan. 21, officially launching the “Worcester Idea Lab,” which focuses on inspiring innovation in Worcester through incubatory gatherings, social events and multi-generational innovation. Congressman Jim McGovern, Mayor Joe Petty, City Manager Ed Augustus and the directors of Action! spoke to the crowded room on their plans and hopes for the future of the city.

Following hors d’oeuvres and cocktails, the president and CEO of the Worcester Business Development Corporation, Craig Blais, spoke to the $42 million put into the building with support from Congressman McGovern and the tax credits utilized in an effort to rehabilitate downtown.

“We’re going to take this building by building, block by block and rewrite the book downtown,” said Craig Blais, president and CEO of the Worcester Business Development Corporation.

Last Updated (Friday, 22 January 2016 16:06)

Read more...

 

Marathon Sports Group unveils plans for new Worcester hockey rinks

By Bill Doyle
Telegram & Gazette Staff

WORCESTER — Three years after his plan to have a hockey facility built in the parking lot near the Worcester Public Library failed, Craig Blais, president of the Worcester Business Development Corporation, believes he’s found a more suitable location in the Canal District.

Blais said the WBDC has been negotiating for two years with GKN Sinter Metals to acquire the former PresMet Corporation site on the corner of Harding and Winter streets and he expects to complete the purchase with brownfield grants between Thanksgiving and Christmas.

The WBDC would demolish the former powder metal parts manufacturing plant, which has been closed since 2007, clean up the 3.5-acre site by June 1, 2016, and lease it to Marathon Sports Group, which would finance, build, own and manage the facility that will house two rinks, a pro shop, eight locker rooms, a restaurant, offices and possibly a physical therapy room. Marathon Sports Group president Harry Angevine said the plan is to complete construction by August of 2017.

“The goal in building this facility,” Angevine said, “is to provide a much needed source of ice time as well as an endeavor to rejuvenate the neighborhood, to bring a lot more foot traffic into the neighborhood.”

Read more...