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WBDC

 

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

 


 

T&G building sale completed

WBDC eyes link to Theater District for $300K property

 

November 10. 2011 5:45AM

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WORCESTER — Officials of the Telegram & Gazette and the Worcester Business Development Corp. announced yesterday that The New York Times Co., owner of the T&G, has sold the T&G buildings at 18-20 Franklin St. and the newspaper’s Federal Street parking lot to the WBDC.

The sale price was $300,000, said David P. Forsberg, chief executive officer of the WBDC.

Mr. Forsberg said the WBDC, a nonprofit developer, plans to prepare the back of the former T&G four-building complex, on Federal Street, for some kind of academic use as part of the WBDC’s Theater District downtown redevelopment project.

Last Updated (Thursday, 17 November 2011 09:43)

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Main Street - Keeping focus on Worcester's Downtown

May 01. 2011 12:00AM
 

In 1935, Nobel Prize-winning American novelist Sinclair Lewis had one of his characters describe Worcester as “…just the same as Boston, London, Hollywood, and a Wild West Ranch put together.”

That was surely a bit much, even if one thinks back to the heady days when downtown pulsated with pedestrians and professionals, budget crises were unknown, and concepts such as urban blight — and urban renewal — lay decades in the future.

But Worcester is a city with a remarkable heritage. Blessed by geography, well served by roads and rails, strengthened by ethnic diversity, and endlessly resilient, Worcester has continually reinvented itself, from farming village to industrial powerhouse, to academic giant and a rising medical and biomedical star.

Last Thursday’s announcement of a partnership between the city and the Worcester Business Development Corporation to focus on properties in the downtown core, and in particular to seek ways to complement the signature efforts of the Hanover Theatre for the Performing Arts, is a huge step toward realizing that brighter future.

Last Updated (Saturday, 07 May 2011 09:20)

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