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Massachusetts economic development organizations

There are 199economic development organizations in Massachusetts. Combined, these Massachusettsaneconomic development organizationsemploy 1,553 people, earn more than $309 million in revenue each year, and have assets of $1 billion.
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Types of economic development organizations in Massachusetts

Nonprofit typeNumberRevenues
Economic development organizations
199
$308,589,600
Urban development organizations
103
$169,002,573
Convention centers and visitor bureaus
12
$50,016,257
Showing 3 of 3categories

Economic development organizations by major Massachusetts cities

Metro areaNonprofitsRevenues
Boston
112
$225,209,081
Springfield, MA
32
$36,607,172
Worcester
19
$23,696,742
Providence, RI
17
$10,820,640
Barnstable Town
10
$7,430,294
Pittsfield
9
$4,825,671
Showing 6 of 6metros

Job trends for Massachusetts economic development organizations

Employees per organizationNumber of organizations
0
56
1-10
38
11-25
23
26-100
11
101 to 1,000
2
1,000+
0
Key takeaways for employment stats:

Sizes of economic development organizations in Massachusetts

Revenues per organizationNumber of organizations
< $250k
73
$250k to $1M
34
$1M to $5M
48
$5M to $25M
12
$25M to $100M
1
$100M+
0
Key takeaways for revenue stats:

Directory of economic development organizations in Massachusetts

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1-20 of 199

A Better City

A Better City is a diverse group of business leaders united around a common goal, to enhance Boston and the region's economic health, competitiveness, vibrancy, sustainability and quality of life.
Revenue
$2.5m
Assets
$3.5m
Employees
13
EIN
04-3036987
IRS type
501(c)(6)

Meet Boston (GBCVB)

The Greater Boston Convention and Visitors Bureau (GBCVB) is the primary private sector marketing and visitor services organization charged with the development of meetings, conventions and tourism-related business.
Revenue
$39.9m
Assets
$31.9m
Employees
99
EIN
04-2554943
IRS type
501(c)(6)

Local Enterprise Assistance Fund (LEAF)

LEAF provides low-cost financing and development assistance to community-owned businesses and worker-owned cooperatives, prioritizing healthy foods and environmental initiatives.
Revenue
$8.3m
Assets
$24.2m
Employees
8
EIN
04-2763724
IRS type
501(c)(3)

Dorchester Bay Economic Development Corporation

Dorchester Bay Economic Development Corporation acts to build a strong, thriving, and diverse community in Boston's Dorchester neighborhoods. Working closely with neighborhoods, residents, businesses and partners.
Revenue
$10.2m
Assets
$62.8m
Employees
37
EIN
04-2681632
IRS type
501(c)(3)

Bluehub Loan Fund

Founded in 1984 to meet the credit needs of organizations and communities traditionally denied access to capital, the Boston Community Loan Fund has been the core of Boston Community Capital's business lines.
Revenue
$22.1m
Assets
$290.0m
Employees
50
EIN
22-2593378
IRS type
501(c)(3)

New Profit

Venture philanthropy organization supporting social entrepreneurs advancing equity and opportunity; building capacity, policy engagement, and ecosystem building.
Revenue
$22.2m
Assets
$102.1m
Employees
88
EIN
04-3396766
IRS type
501(c)(3)

Initiative for A Competitive Inner City

ICIC drives economic prosperity in under-resourced communities through research and programs that create jobs, income, and wealth for local residents.
Revenue
$11.6m
Assets
$11.7m
Employees
70
EIN
13-3772904
IRS type
501(c)(3)

Boston Community Capital Venture Fund

Boston Community Capital created their Venture Fund to provide equity investments in high-potential businesses that create financial, social and environmental returns.
Revenue
$7.9m
Assets
$91.9m
Employees
50
EIN
04-3246552
IRS type
501(c)(3)

Center for Economic Democracy

Center for Economic Democracy builds social movements to transform American capitalism into a just, sustainable, and democratic economy.
Revenue
$7.5m
Assets
$15.9m
Employees
39
EIN
47-3589804
IRS type
501(c)(3)

Centerboard

(continued from page 1) we work with local residents, businesses, and elected officials to increase economic opportunity in the community. Through these efforts, we serve over 1,500 people each year.
Revenue
$18.8m
Assets
$25.1m
Employees
177
EIN
04-3019658
IRS type
501(c)(3)

Black Economic Council of Massachusetts (BECMA)

BECMA advocates for Black economic well-being in Massachusetts, through leadership development, business assistance, and strategic partnerships.
Revenue
$4.2m
Assets
$2.8m
Employees
16
EIN
81-0687250
IRS type
501(c)(3)

African Community Economic Development of New England

ACEDONE supports African refugee & immigrant families with education, economic development, after-school programs, college readiness, small business development & civic engagement.
Revenue
$2.1m
Assets
$117.3k
Employees
31
EIN
51-0419358
IRS type
501(c)(3)

Boston Public Market Association

BPMA operates a year-round market in Boston to support local farmers, fishermen and entrepreneurs. They also run seasonal farmers markets.
Revenue
$2.5m
Assets
$10.5m
Employees
9
EIN
04-3556884
IRS type
501(c)(3)

The Partnership

To develop professionals of color, increase their representation in Boston area businesses and institutions, enhance opportunities for advancement and influence and extend the region's competitiveness.
Revenue
$4.8m
Assets
$6.5m
Employees
15
EIN
04-2879910
IRS type
501(c)(3)

Boston Impact Initiative Fund

Boston Impact Initiative Fund invests in economic justice and challenges conventional beliefs through impact investments and field-building initiatives.
Revenue
$2.9m
Assets
$10.1m
Employees
6
EIN
82-1543658
IRS type
501(c)(3)

Coalition for a Better Acre (CBA)

Coalition for a Better Acre (CBA) is a membership-based community development corporation dedicated to resident empowerment and sustainable community revitalization for current and future residents of Lowell and the Merrimack Valley.
Revenue
$4.5m
Assets
$36.1m
Employees
13
EIN
04-2760272
IRS type
501(c)(3)

La Colaborativa

Empowering Latinx immigrants to enhance the social and economic health of the community and its people; and to hold institutional decision-makers accountable to the community.
Revenue
$7.9m
Assets
$14.2m
Employees
267
EIN
22-2906521
IRS type
501(c)(3)

Cambridge Office For Tourism

Tourism office in Cambridge, MA responsible for destination marketing, public relations and visitor services, opened new visitor center.
Revenue
$1.6m
Assets
$1.4m
Employees
4
EIN
04-3242219
IRS type
501(c)(6)

1berkshire Strategic Alliance

To strengthen and grow the berkshire economy using an innovative collaborative approach among the region's business, tourism, economic, and creative development efforts.
Revenue
$2.0m
Assets
$1.3m
Employees
12
EIN
27-3148082
IRS type
501(c)(6)

Cooperative Fund of the Northeast

A finance and education provider for community-based, cooperative ventures with a focus on serving low-income areas in the Northeast.
Revenue
$4.8m
Assets
$47.9m
Employees
14
EIN
03-0264092
IRS type
501(c)(3)
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Methodology: Cause IQ mines all tax-exempt organizations that file a Form 990, Form 990-EZ, or Form 990-PF with the IRS. We collect and aggregate this information from OCR'd paper taxreturns, XML e-file taxreturns, IRS-provided extract, the Business Master File, and Cause IQ secret sauce for data cleaning, categorization, classification, analytics, etc.
This category corresponds to the "S30: Economic Development" National Taxonomy of Exempt Entities (NTEE) code. Cause IQ determines NTEEs for organizations by its own internally-developed secret-sauce algorithms.
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