New Member Spotlight: Worcester Business Development Corporation
Worcester Business Development Corporation (WBDC) was founded in 1965 with the mission of bringing local businesses together to promote economic growth, job creation, and tax base expansion. Specifically, the organization’s vision is “Grounded in a tradition of economic development accomplishment, the Worcester Business Development Corporation will lead economic and business development in Worcester and the region. Through targeted investment and strategic partnering, the Corporation will bring skills and resources to challenging and complex projects. The WBDC will continually adapt, responding to the economic challenges facing Worcester and the region.”
As a business organization, WBDC brings Worcester area businesses together and prides itself on the positive relationship it maintains with the communities where it works . WBDC works to combat the migration of 1/3 of all remaining skilled manufacturing jobs to areas outside of Massachusetts and Rhode Island.
In their annual report, Chair George Tetler, III, and President & CEO Craig Blais stated, “We are so pleased and honored to report that 50 years later, the goal of those visionary, committed business leaders has been accomplished and even more importantly, will be sustained long into the future. Over the past 50 years, the WBDC has created over 7,000 jobs, expanded the annual tax base by over $28 million, and has been the catalyst for almost $1 billion in private investment in the Worcester area.”
The New England Council welcomes Worcester Business Development Corporation as a new member and looks forward to their active involvement in the Council.