1. MassDevelopment provides $10 million New Markets Tax Credit and $15 million tax-exempt bond for Holyoke Medical Center expansion | masslive.com

    MassDevelopment provides $10 million New Markets Tax Credit and $15 million tax-exempt bond for Holyoke Medical Center expansion | masslive.com

    MassDevelopment has provided a $10 million New Markets Tax Credit allocation and $15 million tax-exempt bond as part of a financing package for Holyoke Medical Center.  The acute-care community hospital will use the financing to build a two-story addition that will house an emergency department on the first floor; and a weight and health-management clinic, sleep-care center, and specialty outpatient services on the second floor.  Holyoke Medical Center expects to serve about 2,500 patients in the weight and health clinic, and about 1,000 patients in the sleep center; and to boost outpatient visits by 12,500 thanks to ...

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