Massachusetts · Public charity
Worcester Business Development Corp
The 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 base expansion.
- $26k
- Granted FY2024(still arriving)
- 2
- Itemized grants FY2024
- 1
- Organizations funded FY2022
- 0%
- First-time grantees FY2022
- Itemized, FY2024
- $25k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $15,000
- Largest grant, FY2024
- $15,000
- Organizations funded a year
- 1 to 3
- FY2020 to FY2022
- States reached, FY2024
- 1
- Total assets, FY2024
- $20M
How open it is to new grantees
In FY2022, 0% of the organizations Worcester Business Development Corp funded were first-time grantees, receiving 0% of its grant dollars.
New vs renewed · share of each year
In FY2022, 100% of grant dollars renewed an existing relationship; $0 went to new ones.
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 2 | $25k | 50% |
| FY2022 | 1 | $15k | 0% |
| FY2021 | 3 | $63k | 33% |
| FY2020 | 3 | $75k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.
Top grantees
Largest recipients by total granted, FY2020 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Worcester Regional Chamber of Commerce | $50,000 | 2 | 1% |
| YWCA Central Massachusetts Inc | $50,000 | 2 | 0% |
| Worcester Railers Hc Charitable Foundation Inc | $43,000 | 3 | 9% |
| Worcester Public Library | $25,000 | 1 | n/a |
| Worcester Regional Strategic Opportunities Foundation | $10,000 | 1 | 0% |
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: Fallon Community Health Plan Inc · UMass Memorial Health Care Inc (Parent) · The Health Foundation of Central Massach
How this is measured
Compare Worcester Business Development Corp with peer funders
About Worcester Business Development Corp
- How much does Worcester Business Development Corp give?
- Worcester Business Development Corp reported 2 itemized grants totaling $25,000, out of $26,200 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 1 and 3 organizations a year over FY2020 to FY2022.
- What does Worcester Business Development Corp fund?
- By grant dollars over FY2020 to FY2024, its largest causes are Community Improvement (34%), Human Services (28%), Philanthropy (16%).
- Who are Worcester Business Development Corp's largest grantees?
- By total granted over FY2020 to FY2024: Worcester Regional Chamber of Commerce ($50k), YWCA Central Massachusetts Inc ($50k), Worcester Railers Hc Charitable Foundation Inc ($43k).
- Does Worcester Business Development Corp fund new organizations?
- In FY2022, 0% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Worcester Business Development Corp?
- Its strongest co-funders, measured against what their size predicts, include Fallon Community Health Plan Inc, UMass Memorial Health Care Inc (Parent), The Health Foundation of Central Massach.
- Where is Worcester Business Development Corp based?
- Worcester Business Development Corp is based in MA.
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