Worcester Business Development Corporation
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.
Worcester Business Development Corporation at a glance
- Total assets
- $19,742,873
- +4.3% vs 2024
- Revenue (2025)
- $1,756,667
- -11.3% vs 2024
- Net investment income (2025)
- $327,402
- -15.5% vs 2024
- Expenses (2025)
- $1,771,782
- +4.4% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Worcester Business Development Corporation funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Worcester Business Development Corporation gives
- Giving fell 60% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $13K (2023) to $75K (2020). In 2024 it made 2 grants totaling $25K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Worcester Railers HC Charitable Beverly, MA | — | $15,000 |
| Worcester Regional Strategic Worcester, MA | — | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $19,742,873 | $1,756,667 | $1,771,782 | — | — | $327,402 |
| 2024 | $18,935,195 | $1,979,674 | $1,697,908 | $25,000 | 2 | $387,654 |
| 2023 | $17,978,831 | $1,753,233 | $1,799,293 | $12,500 | Total only | $350,556 |
| 2022 | $17,242,895 | $1,869,155 | $1,699,843 | $15,000 | 1 | $239,430 |
| 2021 | $18,366,111 | $1,969,639 | $2,914,958 | $63,000 | 3 | $419,749 |
| 2020 | $17,907,259 | $1,152,681 | $2,105,828 | $75,000 | 3 | $256,490 |
| 2019 | $18,286,932 | $1,237,702 | $1,700,434 | — | — | $237,037 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Worcester Business Development Corporation
Based on IRS filings
Worcester Business Development Corporation is a public charity, based in Worcester, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $19.7M in total assets. Net investment income was $327K.
Leadership & Key People
Officers and directors from IRS filings
Worcester Business Development Corporation is led by Craig L. Blais, President since 2020 (on filings since 2019); 3 of 27 officers listed in 2025 are compensated.
Officers on the 2025 filing
Craig L. Blais
President
President & CEO → President, 2020
On filings since 2019
20 hrs/week
$296K (2019) → $392K (2025)
Stephan M. Rodolakis
Chair
Director → Vice Chair, 2023
Vice Chair → Chair, 2025
On filings since 2019
2 hrs/week
No compensation reported
Timothy P. Murray
Director
On filings since 2019
1 hr/week
No compensation reported
Dennis F. Kerrigan
Director
On filings since 2021
1 hr/week
No compensation reported
Renee A. Mikitarian-Bradley
Director
On filings since 2021
1 hr/week
No compensation reported
Daniel Rea III
Director
On filings since 2022
1 hr/week
No compensation reported
Eric A. Busenburg
Director
On filings since 2022
1 hr/week
No compensation reported
Monica Aryitey
Director
On filings since 2022
1 hr/week
No compensation reported
Stephanie Ramey
Director
On filings since 2022
1 hr/week
No compensation reported
Todd M. Bailey
Director
On filings since 2022
1 hr/week
No compensation reported
Eric L. Goodwine
Director
On filings since 2023
1 hr/week
No compensation reported
Corinne Maleski
Director
On filings since 2024
1 hr/week
No compensation reported
Elizabeth M. McTigue
Director
On filings since 2024
1 hr/week
No compensation reported
Jill Whittredge
Director
On filings since 2024
1 hr/week
No compensation reported
Michael Covino
Director
On filings since 2024
1 hr/week
No compensation reported
Sean M. Rose
Director
On filings since 2024
1 hr/week
No compensation reported
Mary T. Dean
Director
New on the 2025 filing
1 hr/week
No compensation reported
Morgan Steacy
Director
New on the 2025 filing
1 hr/week
No compensation reported
Roberta L. Brien
Vice President of Projec
Vice President of Projects → Vice President of Projec, 2020
On filings since 2019
20 hrs/week
$186K (2019) → $307K (2025)
Kathleen Kelleher Cpa Mst
CFO
On filings since 2022
20 hrs/week
$156K (2022) → $194K (2025)
Marina L. Taylor
Treasurer
Assistant Treasurer → Assistant Tr, 2020
Assistant Tr → Treasurer, 2021
On filings since 2019
2 hrs/week
No compensation reported
Michael J. O'Hara
Assistant Clerk
Assistant Clerk → Clerk, 2020
Clerk → Assistant Clerk, 2023
On filings since 2019
2 hrs/week
No compensation reported
Robert J. Hennigan
Ngp & Project
Chair → Assistant Clerk, 2021
Assistant Clerk → Ngp & Project, 2023
On filings since 2019
1 hr/week
No compensation reported
Robert J. Morton
Assistant Treasurer
Vice Chair → Chair, 2023
Chair → Assistant Treasurer, 2025
On filings since 2019
2 hrs/week
No compensation reported
David E. Suprenant
Clerk
Director → Clerk, 2023
On filings since 2020
2 hrs/week
No compensation reported
Emily M. Sricharoenchaikit
Investment C
Director → Investment C, 2025
On filings since 2022
1 hr/week
No compensation reported
Jessica L. Royce
Vice Chair
Assistant Treasurer → Vice Chair, 2025
On filings since 2024
2 hrs/week
No compensation reported
Former officers (21)
- Former: Adrian A. Berthiaume (2023–2024) — Director
- Former: Randal D. Webber (2024) — Director
- Former: Christopher W. McCarthy (2019–2023) — Director
- Former: Jessica McGarry (2019–2023) — Assistant Treasurer
- Former: Edward Russo (2021–2023) — Director
- Former: Cheryl M. Lapiore (2019–2022) — Chair
- Former: Donald F. Doyle (2019–2022) — Director
- Former: Jill C. Dagillis (2019–2022) — Director
- Former: Margaret Guzman (2019–2022) — Director
- Former: Timothy M. Jarry (2019–2022) — Director
- Former: Anthony Vigliotti (2019–2021) — Director
- Former: George W. Tetler (2019–2021) — Director
- Former: Michael Mulrain (2019–2021) — Director
- Former: Richard P. Burke (2019–2021) — Director
- Former: Kate Sharry (2020–2021) — Director
- Former: Kevin F. Shaughnessy (2019–2020) — Director
- Former: Michael J. Bollus (2019–2020) — Treasurer
- Former: Renee King Diaz (2019–2020) — Director
- Former: Abraham W. Haddad DMD (2019) — Director
- Former: Andrew B. O'Donnell (2019) — Director
- Former: J. Kendall Huber (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $392K, to Craig L Blais (President &). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Worcester Business Development Corporation
How large is Worcester Business Development Corporation?
Worcester Business Development Corporation reported $19.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.8M.
Where does Worcester Business Development Corporation operate?
Worcester Business Development Corporation has awarded grants in Massachusetts.
What is Worcester Business Development Corporation's EIN?
Worcester Business Development Corporation's EIN (Employer Identification Number) is 04-2381829. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 20, 2020)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 25, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS August 7, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Worcester Business Development Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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