Junior Achievement To Reenter Central Mass. From New Waltham Office
Central Massachusetts will regain a chapter of Junior Achievement in October when the nonprofit's Boston office moves and consolidates various regional offices in Waltham.
Junior Achievement of Central Massachusetts was dissolved about a year ago after a falling out with Junior Achievement Worldwide over the organization's philosophy.
David Eustis, president of Junior Achievement of Eastern Massachusetts, which is headquartered in Boston's financial district, said relocation to Waltham makes the office more central to the communities it will serve.
As of October, the Waltham office will oversee Central Massachusetts, Boston, New Hampshire, Cape Cod and the Islands.
New Hampshire's JA chapter also closed last year for economic reasons.
The move is part of Junior Achievement Worldwide's push to make the organization's offices more regional.
It was that strategy that prompted Junior Achievement of Central Massachusetts to close its doors last summer.
JA of Central Mass leaders said the parent organization's push to merge offices in Worcester, Springfield, Boston and Fall River into a single chapter was not in the Central Mass. chapter's best interest.
At the time, Matthew Cote, then chairman of JA of Central Massachusetts' board, said, "It saddens all of us to have to go this route, but for us not to dilute our resources and have them go to Boston or Springfield, we have to keep our assets local...we have a duty to stay local."
Eustis said the JA office in Waltham will have 12 employees and won't go beyond that until funding allows for it.
"It depends on our ability to raise money. If we can go back to past donors in Worcester and past donors in New Hampshire and reengage them, then it will happen quickly, but we don't want to be hiring people with money we don't have," Eustis said.
The Boston JA office reported revenue of $1.3 million in 2009. Nationally, the organization's revenues were $160 million. Worldwide, the nonprofit brought in $260 million. JA operates in more than 100 countries and promotes financial literacy, workforce readiness and educational programs in economics, business and free enterprise.
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