Faculty Advisor

Sweeney, Kevin M.

Abstract

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.

Publisher

Worcester Polytechnic Institute

Date Accepted

April 2019

Project Type

Interactive Qualifying Project

Accessibility

Unrestricted

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