Economic Development

Worcester’s hills are alive with the sound of economic development. The tremendous momentum here in the City of Worcester is palpable and the Worcester Regional Chamber of Commerce could not be more excited and proud to help play a role in promoting a period of growth and cultivation many are calling a renaissance.

As the second-largest city in New England, and the largest chamber in New England, the City-Chamber partnership continues to result in the launch of name-brand and mom-and-pop business of all ilks across the 016.

For Worcester, and the region, the time is now.

WORCESTER FOR EVERYONE: A REGIONAL HOUSING AND ECONOMIC STUDY OUTLINING LOCAL OPPORTUNITY

After more than a year of research in partnership with the Worcester Business Development Corp., City of Worcester, and Smart Growth Economics, in October 2019 the Chamber released the first two phases of its housing study in conjunction with the 2019 Game Changers Expo.

Entitled Worcester for Everyone: a Regional Housing and Economic Study Outlining Local Opportunity, the first phase of the study addresses the growth witnessed by the Heart of the Commonwealth between 2012 and 2017, which some have called a Renaissance, and outlines best practices for post-industrial cities, like Worcester, regarding the challenges of equitable housing for multiple demographics and socio-economic groups.

COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY

In October 2018, the Chamber’s Comprehensive Economic Development Strategy was approved by the U. S. Economic Development Administration. The CEDS region includes 40 communities within Central Mass. These communities are displayed in the below map (click to enlarge).

An approved CEDS serves as an important economic development tool for the region, as communities within the Southern Worcester County region can now apply for grants in Public Works and Economic Adjustment Assistant Program if a project fits within the parameters of the region’s CEDS. Download the full Southern Worcester County CEDS.

In recent years, Brookings Institution named Worcester one of the top 20 strongest-performing metropolitan areas, Forbes identified it as one of the top 10 cities for families, and Worcester also made the Top 10 list of Parenting Magazine’s best places in the country to raise a family.

No wonder Central Massachusetts is seeing more population growth than any other region in the state.