**MassDevelopment Appoints Kathleen McGilvray as EVP of Finance Programs**
MassDevelopment has announced that Kathleen McGilvray will join the agency later this month as Executive Vice President of Finance Programs. In her new role, McGilvray will oversee the agency’s finance programs division, which includes investment banking, lending, growth capital, and green finance initiatives. She will also serve on MassDevelopment’s executive team, helping to align its financing efforts with broader state economic development goals.
“Our team delivers a wide range of high-impact financing solutions to spur job creation and housing production in communities across Massachusetts, and we continue to innovate and expand our offerings to meet this mission,” said Navjeet Bal, MassDevelopment President and CEO. “Kathy is the right leader to guide these efforts, and we look forward to having her on board.”
McGilvray joins MassDevelopment from Opportunity Communities, a nonprofit organization focused on supporting community development corporations, where she has served as CEO since 2023. Prior to that, she held various roles over a 20-year span at the Massachusetts Housing Investment Corporation.
Her extensive background in community development finance and leadership makes her a valuable addition to the agency’s mission of driving economic growth and opportunity across the Commonwealth.
