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Springfield, MA economic development organizations

There are 33economic development organizations in the greater SpringfieldMassachusetts metro area. Combined, these Springfield metro economic development organizationsemploy 209 people, earn more than $32 million in revenue each year, and have assets of $83 million.
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Types of economic development organizations in Springfield

Nonprofit typeNumberRevenues
Economic development organizations
33
$32,295,021
Urban development organizations
14
$6,571,609
Convention centers and visitor bureaus
1
$1,806,144
Showing 3 of 3categories

Job trends for Springfield, MA economic development organizations

Employees per organizationNumber of organizations
0
9
1-10
6
11-25
4
26-100
2
101 to 1,000
0
1,000+
0
Key takeaways for employment stats:

Sizes of economic development organizations in Springfield

Revenues per organizationNumber of organizations
< $250k
10
$250k to $1M
7
$1M to $5M
9
$5M to $25M
1
$25M to $100M
0
$100M+
0
Key takeaways for revenue stats:

Directory of economic development organizations in Springfield

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1-20 of 33

Westmass Area Development Corporation

See statement othe purposes of the Corporation shall be to promote, stimulate, develop, and advance the business prosperity and economic welfare of the western Massachusetts region and the citizens thereof; to encourage and assist, through loans, investme....
Revenue
$4.4m
Assets
$15.1m
Employees
8
EIN
04-6057343
IRS type
501(c)(6)

Economic Development Council (EDC)

EDC's mission is to deliver the services & business resources that will enable companies to thrive in Western Massachusetts while improving the region's economy & lifestyle through the creation of quality jobs and enhanced public and private investment.
Revenue
$5.8m
Assets
$1.9m
Employees
75
EIN
04-3237124
IRS type
501(c)(6)

Greater Springfield Convention & Visitors Bureau (GSCVB)

The GSCVB, an affiliate of the Economic Development Council of Western MA, promotes the Pioneer Valley of Western Massachusetts as a year-round destination for conventions, meetings, sports, group tour and leisure travel.
Revenue
$1.8m
Assets
$1.4m
Employees
0
EIN
22-2659512
IRS type
501(c)(6)

Springfield Business Improvement District

Springfield Business Improvement District promotes the development of business and economic activity within its district in Springfield, Massachusetts.
Revenue
$1.3m
Assets
$2.0m
Employees
4
EIN
04-3428312
IRS type
501(c)(6)

Cooperative Development Institute

Cooperative Development Institute develops and trains cooperatives while providing cooperative development and assistance to resident-owned communities in the formation of cooperatives.
Revenue
$3.7m
Assets
$3.7m
Employees
34
EIN
04-3241596
IRS type
501(c)(3)

Franklin County Community Development Corporation

Franklin County CDC stimulates rural economy, fosters community control & expands opportunities for low-income residents through a lending program & small business incubator.
Revenue
$4.2m
Assets
$9.2m
Employees
24
EIN
04-2678309
IRS type
501(c)(3)

Quaboag Valley Community Development Corporation

Quaboag Valley CDC supports and invests in small businesses to improve the economy of the Quaboag Valley region in Massachusetts.
Revenue
$1.2m
Assets
$2.2m
Employees
24
EIN
04-3370097
IRS type
501(c)(3)

Westover Metropolitan Development Corp

Westover Metro Dev Corp. converts former military land to commercial use, operates airport, and promotes economic opportunity in Chicopee, MA.
Revenue
$2.7m
Assets
$19.0m
Employees
0
EIN
04-2553520
IRS type
501(c)(4)

Common Capital

Common Capital strengthens local businesses and community organizations in Western Massachusetts by providing loans, technical assistance, and alternative financing.
Revenue
$2.0m
Assets
$11.0m
Employees
8
EIN
22-3051402
IRS type
501(c)(3)

Center Redevelopment Corporation

Center Redevelopment Corp holds property to promote the educational mission of Trustees of Mount Holyoke College by acquiring real and personal property.
Revenue
$1.5m
Assets
$3.2m
Employees
5
EIN
04-2939950
IRS type
501(c)(3)

Riverside Development Corporation

The organization's primary exempt purpose is to further economic Development in the city of holyoke, Massachusetts and its environs, by promoting and assisting the growth and Development of business concerns.
Revenue
$934.4k
Assets
$510.0k
Employees
10
EIN
23-7320953
IRS type
501(c)(4)

Franklin County Chamber of Commerce

Franklin County Chamber of Commerce is a membership organization that assists members in business, tourism development, and enhancing economic conditions.
Revenue
$306.8k
Assets
$184.5k
Employees
4
EIN
04-1400370
IRS type
501(c)(6)

Downtown Northampton Association

Downtown Northampton Association is an economic development organization in Northampton, MA that was founded in 2024.
Revenue
N/A
Assets
N/A
Employees
N/A
EIN
93-3541377
IRS type
501(c)(3)

Latino Economic Development Corportation

Latino EDC supports Latino businesses, promotes economic growth, and offers coaching and mini-grants in Massachusetts. Located in Springfield.
Revenue
$2,510
Assets
$2,510
Employees
N/A
EIN
88-1698006
IRS type
501(c)(3)

Gasoline Alley Foundation

Gasoline Alley Foundation is an urban development organization in Springfield, MA whose mission is: To initiate and administer programs to teach underprivileged persons to be successful entrepreneurs.
Revenue
$77.5k
Assets
$48.1k
Employees
0
EIN
04-3497449
IRS type
501(c)(3)

Greenfield Area Development Corporation

Greenfield Area Development Corporation focuses on community business development by developing real estate to encourage business growth. The corporation loaned funds to a small business for building renovations.
Revenue
$4,080
Assets
$497.8k
Employees
N/A
EIN
23-7085941
IRS type
501(c)(4)

Concerned Citizens for Springfield

CCFS improves Springfield by demolishing substandard properties, cleaning up graffiti, renovating buildings, and acquiring problem properties for redevelopment.
Revenue
$-13,339
Assets
$472.0k
Employees
0
EIN
04-3290004
IRS type
501(c)(3)

Edc 413works

Edc 413works partners with EDC of Western MA to address community problems in workforce development, health care and financial literacy.
Revenue
$336.0k
Assets
$309.3k
Employees
0
EIN
86-1491313
IRS type
501(c)(3)

Wellspring Investment Fund

The Wellspring Investment Fund raises capital to support the mission of the Wellspring Cooperative Corporation, which creates worker cooperatives providing employment to low-income residents of Springfield, MA.
Revenue
$65.0k
Assets
$100
Employees
N/A
EIN
81-1628119
IRS type
501(c)(3)

Unitarian Universalists for A Just Economic Community

Advocates for social justice, presents at General Assembly, displays resources and holds monthly webinars on topics such as medical debt relief and sustainable agriculture.
Revenue
$23.1k
Assets
$25.6k
Employees
N/A
EIN
25-1759594
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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