The Waterbury Development Corporation (WDC) is the City of Waterbury’s designated non-profit economic and community organization. The Corporation was founded as a partnership of the public and private sectors to help the City of Waterbury, its businesses, and its residents revitalize their city, stimulate and support economic development, promote investment in education, rehabilitate and maintain the city’s housing stock, eliminate urban blight and decay, manage construction projects, and improve the overall quality of life. WDC is governed by the Board of Directors. All projects and contractual obligations are reviewed and approved by the Board. The composition is dictated by City Ordinance. The members are a combination of Aldermen, the Mayor or their designee, members of community groups, the NAACP, and representatives from various business interests. The Board meets monthly and meetings are open to the public.