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Economic Development

  • 2024 Power 100: Peter Dunn

    Emily Micucci Updated: April 29, 2024

    Since becoming Chief Development Officer in 2020, Dunn has been instrumental in leading policy through pivotal years of Worcester’s economic evolution, striving to clinch the elements of a vibrant, larger city.

    Emily Micucci Updated: April 29, 2024
  • 2024 Power 100: Don Doyle

    Emily Micucci Updated: April 29, 2024

    Central Massachusetts finance industry veteran Don Doyle knew banking was the right sector for him when he saw he could make positive change in the community.

    Emily Micucci Updated: April 29, 2024
  • 2024 Power 100: Mark Donahue

    Eric Casey Updated: April 29, 2024

    Donahue has played a role in major real estate development projects in his nearly four decades with Fletcher Tilton, earning himself a selection as one of the best lawyers in America in 2023 by Best Lawyers.

    Eric Casey Updated: April 29, 2024
  • 2024 Power 100: Meg Delorier

    Updated: April 29, 2024

    Delorier stepped in as the head of Devens for state-backed lender and developer MassDevelopment in September 2022 applying years of military base management and economic development to act as the interim point-of-contact for the 4,400-acre mixed-use

    Updated: April 29, 2024
  • 2024 Power 100: Meredith Harris

    Emily Micucci Updated: April 29, 2024

    When you’re leading economic development in a bustling hub like Marlborough with ideal highway access and plenty of amenities, you can afford to be picky. For Meredith Harris, adhering to a vision is the driving force, and the efforts pay off in

    Emily Micucci Updated: April 29, 2024
  • 2024 Power 100: Chip Norton

    Eric Casey Updated: April 29, 2024

    As the largest commercial property owner in Central Massachusetts, Chip Norton plays a key role in keeping the region’s economic engine running.

    Eric Casey Updated: April 29, 2024
  • 2024 Power 100: Travis Duda

    Emily Micucci Updated: April 29, 2024

    Travis Duda is leading something of a counterculture business movement in Worcester. Made up of like-minded Worcester company owners, professionals, and residents who want to network and collaborate, the No Jerks Network pokes a bit of fun at the

    Emily Micucci Updated: April 29, 2024
  • 2024 Power 100: Timothy Murray

    Emily Micucci Updated: April 29, 2024

    A longtime inside power broker in Worcester and beyond, Timothy Murray pushes hard for economic development, with his latest efforts including the launch of a news organization and the development of a fund for workforce development.

    Emily Micucci Updated: April 29, 2024
  • 2024 Power 100: Mike Angelini

    Emily Micucci Updated: April 29, 2024

    Angelini attributes his accomplishments to the commitment and teamwork of people in the community. It helps too, he’s been at it for 55 years since he was hired fresh out of law school by Bowditch & Dewey founders in 1968.

    Emily Micucci Updated: April 29, 2024
  • 2024 Power 100: Valerie Zolezzi-Wyndham

    Mica Kanner-Mascolo Updated: April 29, 2024

    Valerie Zolezzi-Wyndham gives major Central Massachusetts employers the tools, motivation, and accountability they need to meet the promises they made following the 2020 police murder of George Floyd. She founded Promoting Good as she saw this as an

    Mica Kanner-Mascolo Updated: April 29, 2024
  • 2024 Power 100: Jeannie Hebert

    Emily Micucci Updated: April 29, 2024

    Leading the Blackstone Valley Chamber of Commerce since 2008, Hebert saw a need to improve non-conventional workforce education in the state.

    Emily Micucci Updated: April 29, 2024
  • Fitchburg school receives $11M from MassDevelopment for dorm building, other upgrades

    Eric Casey April 23, 2024

    Applewild School, a private, co-ed boarding and day school located in Fitchburg and Devens, has received an $11-million tax-exempt bond from MassDevelopment to upgrade its Fitchburg campus. 

    Eric Casey April 23, 2024
  • Worcester biopharmaceutical firm Mustang Bio to lay off 81% of staff

    Mica Kanner-Mascolo April 17, 2024

    Mustang Bio will reduce its workforce by approximately 81% following a vote by the board of directors, according to a regulatory filing.

    Mica Kanner-Mascolo April 17, 2024
  • Movers & Shakers for April 15, 2024

    Updated: April 15, 2024

    People are moving up at Cornerstone Bank, the Marlborough Economic Development Council, and bankHometown.

    Updated: April 15, 2024
  • HollyWoo production, halted: The industry built around Central Mass. moviemaking reached new heights in the early 2020s, before 2023 pressed pause

    Eric Casey Updated: April 15, 2024

    Once a production desert, Central Massachusetts has seen a large increase in Hollywood-related activity in the past 15 years. Then, the strikes came.

    Eric Casey Updated: April 15, 2024
  • Central Mass. business confidence slides in March amid inflation, labor cost concerns

    Eric Casey April 8, 2024

    The Central Massachusetts Business Confidence Index fell slightly in March, as business owners expressed concern over the rising cost of labor and inflation.

    Eric Casey April 8, 2024

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Today's Poll

Should the City of Worcester tax the endowments of colleges and universities?
Choices
Poll Description

The Worcester City Council voted unanimously on April 15 to put a non-binding question on the November ballot, asking if the city’s private colleges and universities should be required to invest 0.5% of their endowments into a community impact fund. As of the second quarter of 2024, Worcester Polytechnic Institute, Clark University, College of the Holy Cross, and Assumption University had combined endowments of $2.23 billion. The presidents of five high-profile Worcester universities pushed back, saying this tax is short-sighted and ill-timed as they battle the federal government's funding cuts. The presidents also said the tax would have to apply to all nonprofits with endowments, not just institutes of higher education.

Regardless of the outcome of the November vote, the City of Worcester doesn't have the authority to tax college endowments. For the City to actually implement the tax, the state Legislature would need to pass a new law.