Worcester Business Development Corporation

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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 City of Worcester – Year in Review

WBDC’s new division expands mission to oversee property

Wednesday, 17 April 2013 08:44 |

By Brian Boyd CORRESPONDENT, Telegram & Gazette

WORCESTER � Looking for additional ways to support economic revival in the city, the Worcester Business Development Corp. has launched a new division to manage properties related to its economic development efforts.

The private nonprofit business organization, which sometimes buys properties targeted for redevelopment, has experience managing its locations. However, it has gone a step further and created a division specifically for overseeing the management of properties, including ones that are privately owned.

The WBDC says it will only handle properties tied to its goal of reviving sites in the city through private-public partnerships, while staying away from properties that have no connection to its mission.

Last Updated (Wednesday, 17 April 2013 08:48)

Business leaders focus on downtown Worcester

Thursday, 04 April 2013 14:31 |

By Lisa Eckelbecker TELEGRAM & GAZETTE STAFF

WORCESTER — One day after celebrating plans for new commercial airline service at Worcester's airport, the city's business and political community gathered today to rally for further economic expansion efforts.

"There is a robust agenda here today," Lt. Gov. Timothy P. Murray, a Worcester resident and former Worcester mayor, said at the annual meeting of the Worcester Business Development Corp. at the Hanover Theatre. "We've just got to continue to push."

The WBDC, a group that redevelops troubled and vacant properties, is aiming to focus that agenda on downtown Worcester. The organization has closed out its involvement in properties such as the Gateway Park office and research center off Prescott Street to concentrate on the city's core.

Last Updated (Thursday, 04 April 2013 14:36)