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  5. Worcester economic development organizations

Worcester economic development organizations

There are 22economic development organizations in the greater Worcestermetro area. Combined, these Worcester metro economic development organizationsemploy 154 people, earn more than $24 million in revenue each year, and have assets of $54 million.
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Types of economic development organizations in Worcester

Nonprofit typeNumberRevenues
Economic development organizations
22
$23,887,550
Urban development organizations
11
$16,603,190
Convention centers and visitor bureaus
2
$2,129,487
Showing 3 of 3categories

Job trends for Worcester economic development organizations

Employees per organizationNumber of organizations
0
7
1-10
4
11-25
2
26-100
2
101 to 1,000
0
1,000+
0
Key takeaways for employment stats:

Sizes of economic development organizations in Worcester

Revenues per organizationNumber of organizations
< $250k
6
$250k to $1M
4
$1M to $5M
7
$5M to $25M
1
$25M to $100M
0
$100M+
0
Key takeaways for revenue stats:

Directory of economic development organizations in Worcester

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1-20 of 22

Massachusetts Manufacturing Extension Partnership

Massachusetts MEP provides educational programs and links service providers to assist small manufacturers in improving production and business practices.
Revenue
$9.3m
Assets
$4.8m
Employees
48
EIN
04-3459696
IRS type
501(c)(3)

Worcester Regional Tourism and Visitors Corporation

To promote, develop and expand Tourism in the central Massachusetts and southern Worcester county region and to provide services for such promotion, development and expansion.
Revenue
$1.4m
Assets
$1.3m
Employees
5
EIN
47-4881059
IRS type
501(c)(6)

Main South Community Development Corporation

Main South CDC promotes affordable housing and economic development, manages affordable housing in Worcester, MA.
Revenue
$3.1m
Assets
$15.3m
Employees
15
EIN
04-2921465
IRS type
501(c)(3)

Downtown Worcester Business Improvement

Downtown Worcester Business Improvement develops and promotes the welfare of people in the Downtown district through programs and activities.
Revenue
$1.3m
Assets
$1.2m
Employees
0
EIN
83-2860571
IRS type
501(c)(3)

Windham Regional Community Council

WRCC improves health and social well-being of eastern CT residents through youth services and their New Heights Child Development Program.
Revenue
$1.5m
Assets
$1.8m
Employees
64
EIN
06-0990205
IRS type
501(c)(3)

Worcester Business Development Corporation

Worcester's WBDC promotes regional business by acquiring land for development and offering small businesses assistance through federal loans.
Revenue
$1.8m
Assets
$18.0m
Employees
11
EIN
04-2381829
IRS type
501(c)(4)

North Central Massachusetts Development Corporation

NCMDC provides marketing and lending opportunities to small businesses in North Central Massachusetts for expanding economic development and opportunities.
Revenue
$1.6m
Assets
$6.9m
Employees
0
EIN
04-2966372
IRS type
501(c)(3)

Worcester Regional Strategic Opportunities Foundation

The Foundation supports the Worcester Regional Chamber of Commerce by providing educational programs and fiscal sponsorship to aligned organizations.
Revenue
$1.5m
Assets
$1.4m
Employees
0
EIN
04-3265642
IRS type
501(c)(3)

Washburn Park

Washburn Park, Inc. owns and operates an office building and an 880-space garage facility to assist economic development by providing office space, infrastructure, and parking facilities in a distressed area, lessening the burden of government.
Revenue
$521.8k
Assets
$0
Employees
0
EIN
27-1189816
IRS type
501(c)(3)

Visit North Central Massachusetts

Visit North Central Massachusetts promotes tourism through marketing, interpretation of cultural and historic locations, visitors center operation, and publishing Jata Guide.
Revenue
$735.6k
Assets
$734.8k
Employees
0
EIN
04-3318533
IRS type
501(c)(3)

Webster Square Business Association

The Webster Square Business Association promotes small businesses and merchants in the greater Webster Square area for the good of their customers and area residents. They offer college scholarships to deserving high school graduating seniors.
Revenue
$4,820
Assets
$32.2k
Employees
N/A
EIN
47-4706599
IRS type
501(c)(3)

Montachusett Enterprise Center

Montachusett Enterprise Center promotes economic development in the Montachusett area by providing programmatic assistance to local communities.
Revenue
$3
Assets
$22.3k
Employees
0
EIN
43-2020718
IRS type
501(c)(3)

Worcester Youth Cooperatives

Worcester Youth Cooperatives aims to promote and carry out economic, social, and educational programs that benefit Massachusetts communities. They provide training, support, and educational programs to empower youth and young adults.
Revenue
$77.0k
Assets
$24.5k
Employees
N/A
EIN
85-3380864
IRS type
501(c)(3)

Shrewsbury Town Center Association

Run the annual yuletide market and light the common events. The yuletide market, which is inspired by european christmas markets, featured holiday treats, gifts, crafts, music and entertainment.
Revenue
N/A
Assets
N/A
Employees
N/A
EIN
83-1640980
IRS type
501(c)(3)

495 Metrowest Corridor Partnership

Regional collaboration for sustainable growth, promoting economic vitality and enhancing quality of life in 495/metrowest region.
Revenue
$427.4k
Assets
$484.7k
Employees
3
EIN
16-1658406
IRS type
501(c)(6)

The Blackstone Valley Hub for Workforce Development

Blackstone Valley Hub: fosters local economic development via education hub featuring computer lab, two classrooms and certification training for job placement.
Revenue
$417.6k
Assets
$1.3m
Employees
7
EIN
46-0943004
IRS type
501(c)(3)

Thread City Development

Thread City Development is an urban development organization in South Windham, CT that was founded in 2010.
Revenue
N/A
Assets
N/A
Employees
N/A
EIN
20-1705441
IRS type
501(c)(3)

Northeast CT Economic Alliance

Northeast CT Economic Alliance promotes economic development in northeastern Connecticut through loans, resources, consulting, and business networking.
Revenue
$16.4k
Assets
$461.8k
Employees
1
EIN
06-1263432
IRS type
501(c)(3)

Saakom Farms

Saakom Farms is an economic development organization in Worcester, MA that was founded in 2020.
Revenue
N/A
Assets
N/A
Employees
N/A
EIN
85-1819817
IRS type
501(c)(3)

Rebuilding Together Worcester

Rebuilding Together Worcester is an economic development organization in Worcester, MA that was founded in 2002.
Revenue
N/A
Assets
N/A
Employees
N/A
EIN
04-3545530
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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