From the EDC
- VVM Manufacturing Accelerator
- Aer Lingus Winter Travel Promotion
- "Global Business Symposium"
- Are you interested in Entrepreneurship?
- Development Associates Co-brokers purchase of 80,000 SF industrial facility
- "GLOBAL BUSINESS SYMPOSIUM"
- Dr. Ira Rubenzahl Learning Laboratory
- HELP US END HUNGER
- MGM Springfield wants your help engaging job-seekers!
- COMMUNITY FORUM
Organizations in the News
Government Officials in the News
Companies in the News
Business Leaders in the News
Western Mass EDC Board of Directors in the News
Massachusetts was one of only two states — New Hampshire being the other — to receive top marks in a new national report on health-care transparency among U.S. health care systems. The report by Health Care Incentives Improvement Institute and Catalyst for Payment Reform evaluated state laws to determine how much price information is reported to states and how easy it is for consumers to get that information.(Read Full Article)
The money is coming from a $470,000 grant to DevelopSpringfield from the MassMutal Financial Group. The grant is intended to help redevelop Springfield’s State Street Corridor. DevelopSpringfield Chairman Nicholas A. Fyntrilakis is a vice president at MassMutual.(Read Full Article)
DeBusk, a trauma surgeon at Baystate Medical Center in Springfield, is participating in a new program that will allow certain entrepreneurs to "shadow" physicians as they work in a hospital. The entrepreneurs will be seeking to develop new or improved medical devices or possibly startup companies in the field.(Read Full Article)
Springfield Central High School's $32 million science lab construction project set to begin this summer
A $32 million science lab project is slated to begin this summer at Central High School as approved by the City Council and is expected to be completed within two years. The council voted unanimously to approve the project this week, with the Massachusetts School Building Authority previously agreeing to reimburse up to $25.6 million – 80 percent – of eligible costs, officials said.(Read Full Article)
Amherst receives state grant to study wastewater reuse in municipality, University of Massachusetts and Amherst College
The town received a $105,527 state grant to study the reuse of wastewater, one of 11 communities statewide receiving money for a variety of water conservation projects. The grants are from the Sustainable Water Management Initiative, part of the Massachusetts Office of Energy and Environmental Affairs. Amherst was the only community in Western Massachusetts receiving funding. State officials announced the grant funding Monday.(Read Full Article)
The Premier Source Credit Union is petitioning the Massachusetts Division of Banks for permission to close its branch office at Hasbro Games because of the dwindling number of people who are using the bank.(Read Full Article)
Valley Venture Mentors links burgeoning business owners like Muehlke not only with mentors who share a lifetime of business experience but also with other entrepreneurs who can serve as shoulders to cry on or as sounding boards for the next big idea. In two years, Valley Venture Mentors has graduated 14 teams, including Celia Grace. There are now eight teams in the mentoring program with another five having been accepted following auditions last week.(Read Full Article)
Bank of America Corp.’s board has approved the repurchase of up to $5 billion worth of common stock and the redemption of $5.5 billion in preferred stock following the Federal Reserve’s approval of Charlotte-based BofA's 2013 capital plan. Bank of America's stock (NYSE: BAC) was up by more than 4 percent in premarket trading, following the Federal Reserve Board's announcement.(Read Full Article)
Wisconsin insurer Northwestern Mutual is ramping up to hire 152 financial-services representatives for its three Connecticut offices and one in Springfield -- 54 alone in its West Hartford depot, authorities say.(Read Full Article)
STR Holdings Inc. lost $211.6 million in 2012, or $5.12 per share — more than five times worse than 2011’s net loss of $39.4 million, or 96 cents per share, the company said in a financial report filed Thursday. The major contributor to last year’s losses was a $172.9 million “non-cash long-lived asset impairment” charge resulting, in part, from the loss of STR’s largest customer, Arizona-based First Solar Inc., according to the report. STR manufactures solar power equipment.(Read Full Article)
Employers who totally ban employees from working at home and telecommuting to work via their computers and telephones may run afoul of federal laws meant to protect the rights of workers with disabilities.(Read Full Article)
Mayor Daniel M. Knapik said the Massachusetts Department of Transportation gave the contractor approval to work up until midnight Saturday on the demolition phase of the project, and City Engineer Mark S. Cressotti added that the work should be done by Sunday night.(Read Full Article)
The private equity company that owns Yankee Candle Co. is preparing to sell it, the news service Reuters reported Wednesday, citing unnamed sources. The company was acquired by the Chicago-based buyout firm Madison Dearborn Partners for $1.6 billion in 2006. Madison Dearborn is now working with Barclays and Bank of America Merrill Lynch on a sale process that is still in the early stages, according to the Reuters story.(Read Full Article)
The city has hired the Springfield-based Fontaine Brothers to built the new senior center and expects to break ground on the building in early April.(Read Full Article)
The full cost of the building, which will be built on the former Facemate factory property off West Main Street, will be $8.05 million, Mayor Michael D. Bissonnette said.
The EDC and state officials including Secretary of Housing
and Economic Development Greg Bialecki, supported by Governor Deval Patrick,
are touting western Mass advantages for Shared Service Centers, Call Centers
and other back office space. The EDC organized a roundtable in Boston on March
12 when Secretary Bialecki made his pitch to regional site selectors and
brokers. We can present a general pitch or one tailored to a firm’s specific
needs at your request. Senior public and private sector officials will be
available to host any prospect.
Our primary corporate targets are Financial Services firms,(Read Full Article)
but our assets are ...
The EDC has maintained an international business development(Read Full Article)
initiative focused on western Europe. We initially focused on inbound FDI and,
while that remains a core objective, we are currently managing more requests
for trans-Atlantic partnerships, joint ventures and contract manufacturing for
the North America market. We sell the region’s companies and industry sectors
as much as we sell the region as a strategic location. With risk sentiment
still running high on both sides of the Atlantic, classic Greenfield FDI (and
Greenfield investment inside the US, for that matter) is limited. But our
pipeline has been filling with opportunistic European ...
EDC Senior VP Mike Graney will represent western
Massachusetts at several conferences and trade shows during 2013. Please
contact Mike at 413-755-1300 or email@example.com
if you want to discuss our Shared Service Center initiative, international
business development opportunities or any other interest in western
Massachusetts. Of course, we are always pleased to host companies and consultants
in Springfield, too.
April 14-16 Consultants Forum FDI St. Louis
April 22-25 BIO International Convention Chicago
May 13-15 Plastics in Medical Devices Boston (Waltham)
June 17-21 Paris Air Show
September 23-26 Adva Med Washington
November 20-22 Medica Düsseldorf
December 2-4 ...(Read Full Article)
Springfield's North End celebrates $120,000 expansion of ShotSpotter audio surveillance system, successes of Safe Neighborhood Initiative
Mayor Domenic J. Sarno praised the efforts of Jose L. Claudio and the New North Citizens’ Council, Inc. in spearheading the effort to fund the expansion. “This is part of our continued attack to get guns, gangs and drugs off the streets,” Sarno said. Claudio, community development and relations director for the council., thanked the organizations and businesses that have committed to fund the $120,000 annual cost of the system for three years. He said the outpouring is part of resurgence of community spirit in the North End.(Read Full Article)
Maguire says he wants to make the change to hard ice cream improve the quality of the shake. By the end of May, he says the soft-serve machines will be removed from all of the 360 or so Friendly’s restaurants. (The company manufacturers its own hard ice cream.) By making the switch, Friendly’s can now offer Fribbles in any of its ice cream flavors (Maguire prefers black cherry).(Read Full Article)
Last November the company reported $7 million in revenues for the three months ending in September, down 26 percent year-over-year and down 10 percent from the second quarter. The company blamed the decline on a $1.6 million decrease in OEM royalties versus the prior year period, and a $3.2 million decrease in OEM bundling revenue since the beginning of 2012.(Read Full Article)
The Conservation Commission wants $300,000 for design and construction on the Greenway, which will eventually connected the Norwottuck Rail Trail with the old New Haven/Northampton Canal. The funding would pay for a bridge over the canal, which empties into the Connecticut River, and for boardwalks over wetlands in the area. The Board of Public Works is asking the commission for $194,500 to hire an architect to design renovations to the 1.138-acre Pulaski Park in the heart of downtown. The board believes the redesign will increase public use of the space.(Read Full Article)
Gov. Deval L. Patrick Wednesday submitted a $19 billion transportation bond bill to authorize and fund road, bridge and rail projects over the next 10 years including money for overhauling the elevated section of Interstate 91 in downtown Springfield. The bill also includes $300 million in so-called Chapter 90 grants for cities and towns to pave and repair roads, up from the current $200 million.(Read Full Article)