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Boston & New England  + Massachusetts  + Finance  |  October 2, 2025
Paul Bubny
By: Paul Bubny

MassDevelopment Hires EVP of Finance Programs

MassDevelopment said Thursday that Kathleen McGilvray will join the agency later this month as EVP of finance programs. McGilvray will oversee MassDevelopment’s finance programs division – including investment banking, lending, growth capital, and green finance programs – and serve as a member of the agency’s executive team helping align its financing solutions with statewide economic development priorities.

“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 MassDevelopment president and CEO Navjeet Bal. “Kathy is the right leader to guide these efforts and we look forward to having her on board.”

McGilvray comes to MassDevelopment from Opportunity Communities, an organization working to strengthen the capacity of community development corporations, where she has served as CEO since 2023. Before that, she worked at Massachusetts Housing Investment Corporation from 2003-2023 in numerous roles. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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