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Economic Development

  • Every professional who has been on a WBJ Power list, 2013-2022

    Updated: May 2, 2022

    Worcester Business Journal began listing the most influential people in the Central Massachusetts economy in 2013, using various iterations of the concept to arrive at the Power 50, which started in 2018.

    Updated: May 2, 2022
  • 2022 Power 50: Timothy Murray

    Updated: May 2, 2022

    Timothy Murray not only serves as the face of the Greater Worcester business community, but he often is the power behind the scenes making deals happen.

    Updated: May 2, 2022
  • 2022 Power 50: Anthony Consigli

    Updated: May 2, 2022

    Under Anthony Consigli’s leadership starting in the 1990s, Consigli Building Group has grown from $1 million to $2.25 billion in annual volume.

    Updated: May 2, 2022
  • 2022 Power 50: Ivette Olmeda

    Updated: May 2, 2022

    Through her work as a MassDevelopment fellow, Ivette Olmeda has played an instrumental role in redefining a crucial block of Worcester’s Main South neighborhood into a bustling small business hub.

    Updated: May 2, 2022
  • 2022 Power 50: Cliff Rucker

    Updated: May 2, 2022

    Cliff Rucker has invested so heavily in Worcester’s entertainment industry, he is single-handedly bringing more than a million people to the city each year.

    Updated: May 2, 2022
  • 2022 Power 50: Bob Mumgaard

    Updated: May 2, 2022

    Few companies worldwide have the ability to alter the entire course of human history, particularly our relationship with energy and limited global resources.

    Updated: May 2, 2022
  • 2022 Power 50: Roy Nascimento

    Updated: May 2, 2022

    At 650 members, Roy Nascimento leads the second-largest Central Massachusetts chamber of commerce, and the only one with its own microloan lending division approved by the U.S. Small Business Administration.

    Updated: May 2, 2022
  • 2022 Power 50: Charles Norton

    Updated: May 2, 2022

    Charles Norton has already had a tremendous impact on the region’s development trajectory and shows no signs of slowing.

    Updated: May 2, 2022
  • Power 50: The most influential professionals of 2022

    Brad Kane Updated: May 20, 2022

    The Power 50 may not necessarily hold the most power in the region, but they are the people who most effectively wielded their power to have an outsized influence on the economy and the community within the last year.

    Brad Kane Updated: May 20, 2022
  • 2022 Power 50: Bill Shaner

    Updated: May 2, 2022

    Bill Shaner provides a counterpoint to the City's economic development strategy, by giving voice to negatively impacted groups and decrying the loss of cultural resources.

    Updated: May 2, 2022
  • Worcester to seek affordable housing proposals on two foreclosed properties

    Katherine Hamilton April 27, 2022

    The City of Worcester is moving ahead with redeveloping two foreclosed properties into affordable housing.

    Katherine Hamilton April 27, 2022
  • Templeton restaurant to buy real estate with $67K NCMDC loan

    Anthony Buscarino April 27, 2022

    Templeton restaurant Baldwinville Station received a $67,000 loan from the North Central Massachusetts Development Corp. to purchase the encompassing real estate of the restaurant, the small business financing organization announced Tuesday. 

    Anthony Buscarino April 27, 2022
  • Downtown Fitchburg selected for $1.6M MassDevelopment arts program

    Katherine Hamilton April 26, 2022

    Fitchburg has been selected as one of three cities to be included in MassDevelopment’s Transformative Development Initiative Creative Cities program, which supports arts and culture partnerships in TDI districts.

    Katherine Hamilton April 26, 2022
  • Final CitySquare parcels, including former Notre Dame church site, sell for $5M 

    Katherine Hamilton April 25, 2022

    The final two vacant parcels in downtown Worcester’s CitySquare development, including the site of the demolished Notre Dame church, sold for $5 million to a Rhode Island residential developer, according to the Worcester South District Registry of

    Katherine Hamilton April 25, 2022
  • Baker proposing $3.5B bill geared toward downtown developments

    State House News Service April 25, 2022

    A $3.5 billion economic development bill that Gov. Charlie Baker announced on Thursday looks to chart a post-pandemic pathway for Massachusetts with investments in housing, downtown revitalization and climate resilience, administration officials

    State House News Service April 25, 2022
  • Worcester district granted $75K for downtown signs, branding

    Katherine Hamilton April 21, 2022

    The Downtown Worcester Business Improvement District was awarded a $75,000 travel and tourism recovery grant from the Massachusetts Office of Travel and Tourism.

    Katherine Hamilton April 21, 2022

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Today's Poll

Do you approve or disapprove of the way Eric Batista has led the City of Worcester in the past year?
Choices
Poll Description

On June 24, the Worcester City Council returned a largely positive appraisal of City Manager Eric Batista during his annual review. Councillors praised Batista for his fiscal management of the City and acknowledged his efforts to provide more shelter for unhoused individuals.

Still, members raised concerns over Batista’s handling of a U.S. Department of Justice report that found the Worcester Police Department used excessive force and his response to the U.S. Immigration and Customs Enforcement incident on Eureka Street on May 8. 

In Worcester's form of city government, the appointed city manager is essentially the CEO of the City of Worcester while the elected mayor and city council are part time and help set policy.