1. EDC Resolves to Support Stimulus Funding for Rail Project

    The Executive Committee of the EDC Board of Directors voted to support the application by the Massachusetts Executive Office of Transportation to the Federal Railroad Administration for rail stimulus funds in the amount of $65 million to improve the rail corridor along the Connecticut River from Springfield to Greenfield. This project will have numerous benefits for the region including potential new economic development, tourism and employment opportunities, expanded freight capacity, and the opportunity to enhance existing major developments such as the Union Station Redevelopment Plan; Baystate Health's expansion and the recently announced Super Computer Center proposed for Holyoke.

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