Co-Founder and Member-manager
Joseph D. Malone (JDMalone@comcast.net)
In 1991, Joe Malone became the first Republican sworn into the office of Massachusetts State
Treasurer in forty-one years. He was re-elected with almost 70% of the vote four years later.
During his eight-year tenure, Mr. Malone followed through on his promise of making
government more efficient and effective. He re-structured the Treasury and modernized its
departments, cutting operating costs by 62%.
As head of the Massachusetts State Lottery, Malone reduced Lottery expenses as a percentage
of gross sales from 4.4% to 2.2%, the lowest of any lottery in the nation.
Under Malone’s leadership, the performance of the Commonwealth's pension funds went from
worst to best as compared to other states. In 1996 the Legislature adopted Malone’s proposal
to merge the state’s two pension funds, thereby saving $100 million over the next five years and
the savings continue today.
Since leaving government in 1999, Malone has helped to build two successful start-up
companies, one specializing in business development and the other in the enterprise software
field as well as being a television personality on Boston's Fox TV station, Channel 25.
Joseph G. DiLorenzo (JoeD@MDGroupLLC.com)
Joe DiLorenzo is one of the Managing Officers of Plymouth Rock Studios as of the fall of 2007.
Plymouth Rock Studios is a proposed Film and Television (F/TV) Production Campus that is
seeking a commitment for development in Plymouth, Massachusetts. Plymouth Rock Studios will
be the first earth-friendly, all-smart studio campus in the United States and when completed, will
be the largest, green, most modern user-friendly studio complex in the world.
It is anticipated that Plymouth Rock Studios will be the catalyst for the rapid development of a
major new production industry in the Plymouth area and the Commonwealth of Massachusetts. It
will also provide Massachusetts the opportunity to leverage the economic value of the recent
Film Tax Incentive Legislation, which offers some of the most favorable tax incentives for motion
picture and television production in the country. It is anticipated that Plymouth Rock Studios will
employ over 1,500 skilled professionals in its F/TV initiative, and is expected to generate billions
of dollars in direct and indirect economic benefits to the Plymouth area. It will further establish
Massachusetts as the cultural centerpiece of New England.
In addition the studio, more immediate revenue producing activities will include film production
and computer generated post-production and special effects, which will take advantage of the
Commonwealth of Massachusetts film industry 25% tax credits as well as having a
comprehensive outreach and workforce initiative program that will teach high school students as
well as undergraduate and graduate students from local and Boston area colleges.
For most of Joe DiLorenzo's professional career prior to co-founding the M/D Group with former
state treasurer Joe Malone, he worked for more than eighteen years with the Boston Celtics,
primarily as Chief Financial Officer or Senior Vice President of Administration, including roles
that helped take the Boston Celtics public on the New York Stock Exchange, as well as the
acquisition of Fox station Channel 25 and radio station WEEI, respectively, in Boston while in
Prior to the Celtics experience, Mr. DiLorenzo had leadership roles with the
BostonGarden/Boston Bruins organization for eleven years.
After leaving the Celtics, Mr. DiLorenzo was Vice President of Strategic Alliances and later Chief
Financial Officer of a leading provider of an enterprise infrastructure software and solutions
company, specifically designed and engineered to meet the unique requirements of the higher
He graduated from Bentley College with a degree in Accounting and has been a Director or
Officer of the Executive Board of the Bentley College Alumni Association since 1992, also having
served on many committees and was two-term past-President of the association and is a
member of the Bentley Executives Club.
Mr. DiLorenzo has many volunteer roles including being Chairman of the Board of the Financial
Executives International (FEI), an international organization of senior financial executives with
more than 15,000 active members from 8,000 companies in the United States and Canada and
was organized in the 1931. He is on many committees for FEI including Chairman of the
Diversity Taskforce. He is a member of the Board of the Financial Executives Research
Foundation as well as FEI Canada. For the FEI Boston Chapter, he was Past-President, multi-
year board member, officer and current member of the Nominating Committee of the Chapter,
which consists of approximately 1,200 members and is the largest in the United States.
Mr. DiLorenzo is a past-President of the Treasurer's Club of Boston, an organization that
consists of more than 350 local Chief Financial Officers; the immediate two-term past-President
of Community Work Services, Inc., the nation’s oldest employment training
organization (Est. 1877) for multi, physically and/or mentally challenged individuals, providing an
opportunity for these special people to gain their initial foray into the workforce; a former
corporator and current member of the Board of Visitors of New England Baptist Hospital in
Boston; a member of the Board of Advisors and Nominating Committee of the Greater Boston
Chapter of the Salvation Army; former trustee and member of the Development Committee and
the Audit Committee of Franciscan Hospital for Children in Boston.
He was an overseer and member of the Audit Committee of Beth Israel - Deaconess Medical
Center in Boston for many years; past treasurer of the Boston Celtics Charitable Foundation,
Inc.; past Boston Chapter Vice-Chairman of the Newcomen Society of the United States, a
national association that honors individuals and businesses which exemplify success in
business; past Vice President of the Downtown North Association, which represents the
economic interests of 150 area businesses in North Station area of Boston.
He has been the recipient of a number of awards for his volunteer service.
For additional information on M/D Group clients; becoming an associate;
partnership opportunities and procedures; or general information, please contact
Joseph D. Malone at (781) 706-0677 or JDMalone@comcast.net
M/D Group, LLC, PO. Box 510, Humarock, MA 02047, (617) 650-2522