Worcester Business Development Corporation logo

Worcester Business Development Corporation

501(c)(4) organization Worcester, MA EIN: 04-2381829 Website

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.

Key facts about Worcester Business Development Corporation

EIN
04-2381829
Latest 990 filing
Form 990, 2025
Total assets
$19,742,873

Data from IRS Form 990, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$19.7M

+4.3% YoY

Revenue

$1.8M

-11.3% YoY

Net Investment Income

$327K

-15.5% YoY

Expenses

$1.8M

+4.4% YoY

How Worcester Business Development Corporation gives

  • Giving fell 60% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Cities

WorcesterBeverly

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K0 grants2019 3 grants2020 3 grants2021 1 grant2022 Total only2023 2 grants2024 0 grants2025

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.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

6 grants across all recorded years

6<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 6 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M$4M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$19,742,873$18,935,195$17,978,831
Revenue$1,756,667$1,979,674$1,753,233
Expenses$1,771,782$1,697,908$1,799,293
Net Investment Income$327,402$387,654$350,556

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS July 20, 2020)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS September 25, 2024)
  3. Added Form 990 for fiscal year 2025 (received by the IRS August 7, 2026)
  4. IRS filings on file for fiscal years 2020–2024

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

Craig L Blais — President &: $392KCraig L BlaisPresident &$392KRoberta L Brien — VP of Projec: $307KRoberta L BrienVP of Projec$307KKathleen Kelleher CPA MST — CFO: $194KKathleen Kelleher CPA…CFO$194K

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.

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