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
Worcester Opens Downtown Innovation Center in Former Telegram & Gazette Building
on April 27, 2015 at 1:48 PM
WORCESTER -- With words of welcome and the swing of a cut ribbon, Worcester opened its doors to entrepreneurs on Monday with the official ribbon cutting of the Innovation Center of Worcester.
The center is located at 20 Franklin St., in the home of the former Telegram & Gazette. It was a building two years ago many said required a wrecking ball, according to Craig Blais, president and CEO of the center's founding organization, the Worcester Business Development Corporation.
Overall, the building renovation cost $40 million, including two floors of which is now part of a satellite campus for Quinsigamond Community College. The Innovation Center build-out cost roughly $2 million, including a $1 million federal Department of Commerce Economic Development Administration grant, donations from various foundations.
"Those dollars will help keep our rents down," Blais said, noting that supports the centers ultimate goal of keeping the innovators and entrepreneurs that are graduating from the city's colleges in Worcester.
Last Updated (Thursday, 30 April 2015 07:49)
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