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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

 


 

Destination Worcester Video 2014

 

Gateway Cities key for continued growth in Bay State

Craig L. Blais

Special to the Worcester Business Journal

In 2007, the Brookings Institution and the Massachusetts Institute for a New Commonwealth released a report about the state's original 11 Gateway Cities, calling for a stronger commitment to these communities, recognizing their struggle to attract interest and investment in the shadow of Greater Boston. Since the report's release, the Patrick administration has answered that call, implementing programs to help these communities capitalize on their assets and recognize their potential.

As a community that defines "Gateway City," Worcester has benefited greatly from the Gateway Cities programs. (Editor's Note: Fitchburg is also an original Gateway City.) In the past five years, the city has received $2 million to upgrade parks, as well as $11 million for various infrastructure projects. Additionally, Worcester has utilized about $817,000 in brownfields redevelopment money, converting blighted sites back into active use. Programs such as these have had a significant impact on Worcester and other Gateway communities.

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Where Dreams Grow

By Michael Novinson

David Crouch had been looking to join a business incubator ever since he launched a digital services company. But for the longest time, he had nowhere to turn locally.

Cambridge was the nearest site with incubation space when ten24 Digital Solutions was founded in April 2008. However, Crouch owned a home and was raising children in Shrewsbury, which made relocation or a long daily commute unpalatable.

So ten24 set up shop in Northborough, but has struggled to attract young developers to its suburban office condo. And with plans to expand from 13 to at least 25 employees by 2019, appealing to recent college graduates will become even more vital.

That's why ten24 relished the chance to become the anchor of an 11,000-square-foot incubator slated to open in downtown Worcester late this summer.

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