Worcester Business Development Corp.

The federal government is chipping in $1 million to help establish a technology incubator and innovation operation inside the former Telegram & Gazette building in downtown Worcester.

Renovation of the former Telegram & Gazette building in downtown Worcester got a boost with more than $16.2 million in funding announced Tuesday by MassDevelopment.

The Worcester Business Development Corp. said two companies establishing operations in Central Massachusetts have taken out nearly $1.8 million in loans from the agency.

Think of college students and food, and you might picture a case of ramen noodles or late-night pizza deliveries, not a restaurant featuring shrimp cocktails and veal marsala. But Cyrus Mizrahi, owner of Viva Bene Italian Ristorante on Commercial Street in Worcester said being located next door to the Worcester campus of MCPHS University (formerly called the Massachusetts College of Pharmacy and Health Sciences) is great for the Italian restaurant.

Business and educational leaders in and around Worcester hope the city's new manager and economic development chief will continue the work begun by their predecessors, both of whom will be leaving City Hall within the next two months.

Announcing the first major initiative under new leader, Timothy Murray, the Worcester Regional Chamber of Commerce said it plans to raise $1.2 million for business development in the region over the next two years.

Earlier this year, the Worcester Business Development Corp. hung a large banner on the wall of the...

The Worcester Business Development Corp. (WBDC) is developing a business lending program for military veterans, with the help of the federal government and a trade association for developers.

In 2011, a prominent Worcester attorney sparked debate among local business groups when he suggested they consolidate to have a more focused approach to economic development.

David P. Forsberg, the former Worcester city councilor who helped shape the Worcester Business Development Corp. (WBDC) into an economic development force, has been named dean of the business school at Anna Maria College, the school announced Tuesday.