Western Massachusetts Business News

1. Monson Savings Bank Donates $25,000 to Baystate Health’s Greatest Needs Fund

   Explore BusinessWest Apr 3 2020 Health Care

   

   Baystate Health has just completed construction of a rapid-response triage area outside of the Baystate Medical Center Emergency Department, allowing the hospital to better protect patients and medical staff from exposure to the virus as patients are being screened and tested. This new triage area is just one of the many large, unplanned expenses this health emergency has created. Additionally, the exploding demand for personal protection equipment for staff and myriad other needs to fight this outbreak are stretching resources and finances to the limit.

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2. Springfield adding meal sites, dinner to free meal distribution; drive-through locations available - masslive.com

   Explore masslive.com Apr 3 2020

   

   Beginning Monday, Springfield Public Schools will be adding dinner to the packet of free meals provided to students every day. There have also been two new sites added to accommodate the need across the city.  “It gives us great satisfaction to now make dinner available to our students. We are grateful to Sodexo for their unwavering and ever expanding commitment to our community. We believe that having this resource will be beneficial for many of our families and having it as an option, will certainly serve all of our families,' said Superintendent of Schools Daniel Warwick.

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3. Coronavirus: Massachusetts House passes eviction moratorium bill to address economic impact of COVID-19 - masslive.com

   Explore masslive.com Apr 3 2020

   

   The House passed a bill Thursday that would grant a moratorium on evictions and foreclosures for residents and business owners who cannot afford to pay because of the coronavirus pandemic.  The bill, H.1279, bars landlords from charging late fees or sending reports to credit rating agencies if tenants notify them within 30 days of a late payment. The provisions last for up to 30 days after the governor lifts the state of emergency over COVID-19.

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4. Coronavirus response: After Patriots’ plane with medical supplies arrives in Boston, Gov. Charlie Baker says ‘Our job now is to protect each other’ - masslive.com

   Explore masslive.com Apr 3 2020

   

   One box after another was unloaded off the New England Patriots’ red-white-and-blue Boeing 767 at Boston Logan International Airport Thursday afternoon. Inside the boxes were the first shipment of N95 masks meant for health care workers on the front lines of the coronavirus response.  Gov. Charlie Baker confirmed Thursday that the state would receive nearly 1 million N95 masks over a series of shipments. The state secured a bid from China and got help from the Kraft Foundation to bring it to the U.S.

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5. Coronavirus and the economy: US Rep. Richard Neal asks when feds will send money to process new unemployment claims

   Explore masslive.com Apr 2 2020

   

   With nearly 10 million Americans — 330,000 Massachusetts residents among them — filing for unemployment in the last two weeks, U.S. Rep. Richard E. Neal is asking why the U.S. Department of Labor has yet to distribute emergency administrative funding so states can process the claims.

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6. Bankers Say Institutions Are Committed to Helping Communities Through the Crisis

   Explore BusinessWest Apr 2 2020 Financial Services

   

   Steve Lowell called it a “fireside chat.” That’s how he chose to describe his efforts to reach out to customers during this time of crisis and communicate a number of key points. “With my wife holding my phone in front of me and me speaking onto the camera … we put it on our YouTube channel and sent out an e-mail blast with a link to it for our customers to get an update,” said Lowell, president and CEO of Monson Savings Bank, adding that, like the creator of the original fireside chat, Franklin Roosevelt, he used his to talk ...

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   Mentions: Springfield Greenfield Michael E Tucker

7. Coronavirus relief act brings $4.8 million to Western Massachusetts, says US Rep. Richard Neal

   Explore masslive.com Apr 2 2020

   

   Five cities in the 1st Congressional District represented by U.S. Rep. Richard E. Neal are getting $4.8 million under the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed last week in Washington. Neal, D-Springfield, announced the local grants and recipients. The program is rolling out nationwide under the $2.2 trillion federal economic stimulus plan.

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8. MGM executives take pay cuts, buy stock to build confidence

   Explore masslive.com Apr 1 2020

   

   MGM Resorts International acting CEO and president William Hornbuckle took a $300,000 pay cut this week and agreed to take his new $1.1 million salary in stock, not cash. Two other MGM executives also took pay cuts and Hornbuckle and other insiders bought stock in MGM Resorts International, the parent company of MGM Springfield, according to documents filed with the federal Securities and Exchange Commission.

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9. MassMutual brings FutureSmart financial education course online for distance learners

   Explore masslive.com Apr 1 2020

   

   The MassMutual Foundation has made its FutureSmart financial education program accessible online to middle schoolers across the country. The foundation, the charitable arm of the Springfield-based insurance giant, said Wednesday that the program can be helpful keeping kids learning while schools are shut down during the coronavirus pandemic.

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10. Holyoke developer buys St. John Cantius in Northampton for nearly $3M; 23 townhouses planned

    Explore masslive.com Apr 1 2020

    

    The Roman Catholic Diocese of Springfield has sold the former St. John Cantius parish properties at 10 Hawley St. and nearby Phillips Place for $1.6 million. The buyer is O'Connell Development Group of Holyoke. The sale, recorded March 17 at the Hampshire County Registry of Deeds, clears the way for a 23-townhouse development at the site approved by the city Planning and by the Zoning Board of Appeals in October, said Wayne Feiden, the city’s director of planning and sustainability.

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    Mentions: Smith College Springfield Northampton
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