Worcester Business Development Corp

Unknown organization based in Worcester, MA. 12 employees. Exempt under §501(c)(4).

MissionTHE WORCESTER BUSINESS DEVELOPMENT CORPORATION (WBDC) IS A PRIVATE, NON- PROFIT BUSINESS ORGANIZATION WITH A PUBLIC PURPOSE MISSION TO SERVE AS AN INNOVATION AND LEADING FORCE IN THE ECONOMIC DEVELOPMENT OF THE CITY OF WORCESTER AND THE REGION, RESULTING IN JOB CREATION AND TAX

Financial snapshot · TY 2024

$2.0M
Total revenue
$1.7M
Total expenses
$18.9M
Net assets

Financial health · TY 2024

89
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
127 months of expenses
Program efficiency
84
83.5% spent on programs
Revenue diversity
76
Mix of program fees, grants & contributions

Leadership compensation

Craig L Blais
PRESIDENT &
$450,250
Roberta L Brien
VP OF PROJEC
$322,763

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Worcester Business Development Corp Executive Compensation | 990 Data | DoubleNine