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
Brownfields tax credits work
The Worcester Business Development Corporation (WBDC) strongly supports the extension of the Massachusetts brownfields tax credit (BTC). Brownfields tax credits leverage private investment, jobs, and taxes in our economically distressed Gateway Cities. They encourage smart growth, protect the environment, and reduce the commonwealth's long-term demands on infrastructure. Brownfields tax credits support the work of CDC's and other organizations like the WBDC.
The WBDC was established as a private, non-profit business organization by a special act of the Massachusetts Legislature in 1965. The WBDC has served as an innovative and leading force in the economic development of Worcester County since that time. The WBDC's efforts have resulted in the creation of over 7,000 jobs and nearly $5 million in annual property tax revenue.
WBDC’s new division expands mission to oversee property
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.