DevelopSpringfield, a nonprofit brick and mortar economic development agency based in Springfield, Massachusetts, faces numerous financial and operational challenges. Its Board of Directors and senior leadership undertook a strategic review to address these concerns. In that context, we were asked to identify strategic and operational options to support DevelopSpringfield's sustainability. We based our recommendations on academic and business research of comparable economic development organizations and interviews with DevelopSpringfield's stakeholders regarding the firm's business model, finances, and project methodology.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Ru, Hanyang
• Duncan, Andrew Michael
• Lavryonova, Irina
• Kenney, James Harrison
• Jin, Yifei
• De la Rosa, Jehu Maximiliano

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-042419-190801

Keyword

• Economic Growth, Stability, and Development

Advisor

• Sweeney, Kevin M.

Year

• 2019

Sponsor

• DevelopSpringfield

Date created

• 2019-04-24

Resource type

• Interactive Qualifying Project

Rights statement

• In Copyright