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Popular Articles
Governor Patrick's Health Information Technology Conference
EDC Welcomes New Directors and Officers
Knowledge Corridor Campaign Marks Tenth Anniversary
EDC and AIM to host International Business Event
EDC Companies and Directors Well Represented at International Symposium
Cloud Camp coming to Western Mass
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Register for Photonics Industry Sector Presentation
Explore From the EDC (Jan 31 2012) Manufacturing
The EDC wants to remind you to register for “New Market Opportunities for Photonics and Fiber Optics Companies”, the first in a series of seminars focused on growth opportunities in manufacturing sectors in western Massachusetts. The session will be held on Tuesday, February 7 from 4:00-6:30 at the Springfield Technology Park. More information can be found in the invitation -- http://www.westernmassedc.com/photonics2012/ The speakers have been confirmed. In addition to Keynote Speaker John Jay from Corning Optical Fiber (previously announced), the industry panelists will be Mike Toro from Schott, Pieter Schwarzenbach from Prima Electro, Flemming Tinker ...
(Read Full Article)
Comment Mentions: Springfield Michael Graney Economic Development Council of Western Massachusetts
Final Rebuild Springfield Meeting Slated for January 31
Explore From the EDC (Jan 25 2012)
The EDC would like to encourage everyone to attend the final meeting of Rebuild Springfield, scheduled for Tuesday, January 31 from 6:30-8:00 PM at St. Anthony’s Social Center, 375 Island Pond Road. Rebuild Springfield has been an extensive process coordinated by Develop Springfield and the Springfield Redevelopment Authority. The initial focus was on rebuilding neighborhoods that were devastated by the June 1 tornado, but the process has morphed into a city-wide development strategy. If you want more information, please visit the Rebuild Springfield website -- http://rebuildspringfield.com/
(Read Full Article)
Comment Mentions: Springfield Economic Development Council of Western Massachusetts Rebuild Springfield
EDC to Host Industry Sector Series
Explore From the EDC (Jan 12 2012) Manufacturing
The EDC will host “New Market Opportunities for Photonics and Fiber Optics Companies” on Tuesday, February 7, 2012, at 4:00 at the Springfield Technology Park. This will be the first in a series of presentations to be scheduled over the next several months focused on opportunities for manufacturing clusters we have identified as having growth potential for the region. Here is a link to the invitation, including RSVP information -- http://www.westernmassedc.com/photonics2012/ The series was spawned by the “Economic Development and Business Attraction Planning” report completed by CWS Consulting Group -- http://www.westernmassedc.com/cwsreport/ -- with the ... (Read Full Article)
Comment Mentions: Springfield Chicopee Western Massachusetts Electric Company
European Business Prospects
Explore From the EDC (Jan 8 2012) Medical Devices
For the last few years, I have represented the EDC and the region on business development trips to Europe, typically with the support and participation of Northeast Utilities/Western Mass Electric Co and as part of delegations representing the Commonwealth and New England’s Knowledge Corridor©. My most recent visit was during November 2011. The headlines about the sovereign debt crisis and related banking sector issues gave me pause that this visit might not be productive. But the reality was exactly the opposite, as I met with more total, as well as higher quality, prospects than any other year. Part ... (Read Full Article)
Comment Mentions: Northeast Utilities Knowledge Corridor Allan W. Blair
Municipal Economic Development Announcements
Explore From the EDC (Dec 20 2011)
There have been two significant announcements about municipal economic development positions in western Mass within the last week. First, Teri Anderson, Community and Economic Development Director for the City of Northampton, announced that she is leaving to accept a position with Common Capital, formerly Western Mass Enterprise Fund. Teri had an outstanding career in Northampton. She worked with the EDC on a number of projects including Village Hill, the Three County Fairgrounds and the formation of the Northampton Business Improvement District. In addition, she played an important role on the Economic Development Partners, providing cogent advice for the region while ... (Read Full Article)
Comment Mentions: Springfield Northampton Michael Graney
Investment News
Explore From the EDC (Oct 14 2011)
On Friday, October 7, 2011, officials from Gulfstream Aerospace, a division of General Dynamics, announced that they have chosen Barnes Municipal Airport in Westfield as the new site for a $23 million maintenance facility for their new ultra long-range G650 corporate jet. The new facility will employ 100 people, in addition to the 130 people already employed by Gulfstream in Westfield. Massachusetts Governor Deval Patrick and Westfield Mayor Daniel Knapik hailed the announcement. Knapik added that “this is just the beginning” as the City plans to develop an aviation business park adjacent to the airport. Gulfstream President for Product Support ...
(Read Full Article)
Comment Mentions: Governor Deval L. Patrick General Dynamics Westfield
EDC Assesses Regional Competitiveness
Explore From the EDC (Oct 14 2011) Aerospace/Defense , Financial Services , Life Sciences , Manufacturing
The EDC commissioned CWS Consulting Group to assess ten regional industry sectors for growth and investment potential. CWS used the western Mass section of a 2008 statewide study by Moran Stahl & Boyer commissioned by the Massachusetts Alliance for Economic Development (“MassEcon”) as its starting point and assessed changes and opportunities that have arisen since then. This study achieved two objectives for us. It addressed our competitiveness against a regional peer group and it helped us improve our understanding of the internal workings of the sectors as part of our Homefield Advantage program. The study identified regional competitive advantages in the ... (Read Full Article)
Comment Mentions: Massachusetts Office of Business Development Economic Development Council of Western Massachusetts Homefield Advantage
Do You Have What Mestek Wants?
Explore From the EDC (Oct 14 2011) Manufacturing
The EDC is pleased to join with Associated Industries of Massachusetts (“AIM”) and the Massachusetts Office of Business Development to promote our second Buy Mass Day in western Mass.
(Read Full Article)
Comment Mentions: Massachusetts Office of Business Development Associated Industries of Massachusetts Westfield
2012 European Business Development Mission
Explore From the EDC (Oct 10 2011) Medical Devices
EDC Senior VP of Business Development Mike Graney will return to Europe in November to continue our international business development initiative. Mike annually attends Medica, the world’s premier medical device trade show in Düsseldorf. He will also represent the EDC as part of a New England’s Knowledge Corridor® (Hartford CT – Springfield MA region) sponsorship of a Dutch medical device regulatory affairs conference two days before Medica. The EDC’s goal is to identify and talk to corporate executives from firms that are interested in U.S. investment, partnerships and/or supply chain, especially in the northeast. Mike will ...
(Read Full Article)
Comment Mentions: Springfield Knowledge Corridor Michael Graney
EDC Hosts French Delegation
Explore From the EDC (Oct 5 2011)
Yesterday, the EDC hosted a delegation from the Seine et Marne region of France, east of Paris. Most of our guests were economic developers, but one company representative came, too. The delegation is spending this week in North America and included a day in western Mass, in addition to stops in Boston/Cambridge and Montreal. The mission was organized by Hubtech 21, a company based in Paris with a U.S. office in Cambridge that assists European companies that want to enter the U.S. market. The EDC works with Hubtech 21 and similar organizations to identify international regions and ...
(Read Full Article)
Comment Mentions: Smith College Associated Industries of Massachusetts Springfield
INTERNATIONAL DELEGATIONS VISITING WESTERN MASS
Explore From the EDC (Aug 17 2011)
The EDC has pursued an international business development strategy for the past few years. We recognized that as business was becoming increasingly global, we needed to position the region to take advantage of opportunities. Our initial goal was to increase the flow of Foreign Direct Investment (“FDI”) into the region. This remains a goal, but it has been joined by finding opportunities for companies from our region in the global marketplace. One of our tactics has been to work with economic development and trade and investment agencies from different countries around the (primarily developed) world to assess opportunities for trade ... (Read Full Article)
Comment Mentions: Michael Graney Economic Development Council of Western Massachusetts
U.S. Trust's Take on Recent Market Conditions
Explore From the EDC (Aug 10 2011) Financial Services
EDC Director Chris Borowiec offered this short analysis of the recent twists and turns in the equity markets to the EDC to share with our readers: From U.S. Trust: We remain bullish on equities despite the significant pullback over the past few weeks. While the risk of another recession can’t be ignored, we still believe that the more likely scenario is that the U.S. economy continues to grow at a subdued pace. Corporate profits have been very strong in the second quarter, with over 70% of the companies exceeding our expectations. Our year end price target for ... (Read Full Article)
Comment Mentions: Economic Development Council of Western Massachusetts
EDC Supports Massachusetts Activities at BIO Convention
Explore From the EDC (Jul 1 2011) Information Technology , Life Sciences , Manufacturing , Medical Devices
I attended the Biotechnology International Organization (“BIO”) Convention in Washington DC last week. The EDC has been part of the Massachusetts delegation at this convention for a decade. While there is always some advantage to us to be part of the Massachusetts team, we have cut back on other trade shows where western Mass does not have a significant industry presence. But we retain our participation at BIO for several reasons. First, we still believe in the promise of the Massachusetts Life Science Center (“LSC”). The LSC was created to manage the $1 billion Mass Life Science Initiative, announced by ... (Read Full Article)
Comment Mentions: Governor Deval L. Patrick Massachusetts Life Sciences Center Allan W. Blair
Western Mass Companies Exhibit at Medical Device Conference
Explore From the EDC (Jun 13 2011) Manufacturing , Medical Devices
Last week, the EDC coordinated a pavilion for ten companies from the four western counties at the Medical Design and Manufacturing (“MD&M”) conference in New York, the largest medical device trade show on the east coast. This is the second year that we have worked with our colleagues at Western Mass Electric Company/Northeast Utilities and the Precision Manufacturing Regional Alliance Project (“PMRAP”) to host companies at this show.
(Read Full Article)
Comment Mentions: Northeast Utilities Western Massachusetts Electric Company Michael Graney
Do You Have What Raytheon Wants?
Explore From the EDC (Mar 24 2011) Information Technology , Manufacturing
Associated Industries of Massachusetts (“AIM”) manages the Buy Mass program and website for the Commonwealth. AIM and the EDC have been working on a new program for Buy Mass, which will connect small and medium-sized local firms with large OEM’s in the state. The first OEM to participate will be Raytheon, which will send a team of Purchasing executives to Springfield on May 5. The EDC is tasked with identifying and inviting firms from western Mass to apply for inclusion in the program. Any interested firm should review the invitation -- http://www.aimnet.org/AM/Template.cfm?Section=Home_Page ... (Read Full Article)
Comment Mentions: Raytheon Associated Industries of Massachusetts Springfield
EDC IS SUPPORTING GLOBAL TRADE SUMMIT AT BRANDEIS
Explore From the EDC (Feb 10 2011)
Following the successful European Business Symposium that the EDC co-hosted with AIM last year, we were approached by the organizers of Global Trade Summit 2011 to encourage western Mass companies to participate. The Summit is an outgrowth of the 2010 “An International Strategy for Massachusetts” report by the Massachusetts Technology Collaborative -- http://www.masstech.org/agencyoverview/mtc_reports/international_for_press.pdf The intent is to develop strategies to keep Massachusetts and its companies globally competitive in the 21st Century. The EDC was pleased to be a resource for the report and to assist companies in our region that are interested in global ... (Read Full Article)
Comment Mentions: Massachusetts Technology Collaborative Associated Industries of Massachusetts Michael Graney
Photonics Industry Roundtable
Explore From the EDC (Jan 18 2011) Manufacturing
The EDC organized our first industry sector roundtable discussion of 2011 last week. As usual, we worked with an industry partner and we would like to thank Terry VanderWert from Prima North America for hosting the roundtable and providing a tour of Prima’s state-of-the-art laser production facility. Eight photonics industry representatives joined EDC staff and Mike Vedovelli, Regional Director for the Massachusetts Office of Business Development. The session was timely as the EDC will participate in a lead generation mission at Photonics West, the major photonics industry trade show in the U.S., next week. The photonics executives noted ... (Read Full Article)
Comment Mentions: Massachusetts Office of Business Development Michael Graney Economic Development Council of Western Massachusetts
Happy New Year from the EDC
Explore From the EDC (Dec 30 2010) Life Sciences
On behalf of EDC President and CEO Allan Blair and our entire staff, the EDC wishes you a Happy and Successful New Year. In particular, my colleague Anne DeWolf, the primary Editor of the EDC Business News, and I want to thank you for reading our daily updates. We are proud of our technology’s ability to ferret out stories of interest every day, but it’s not infallible, so please send us links to online stories about your firm or industry or releases from your websites. The more times we mention your company or organization, the more likely it ... (Read Full Article)
Comment Mentions: Allan W. Blair Michael Graney Economic Development Council of Western Massachusetts
Microtest Founder Feted in MassBio Story
Explore From the EDC (Dec 30 2010) Life Sciences , Medical Devices
The Massachusetts Biotechnology Council ("MassBio") published a feature story about Steve Richter, the founder of Microtest, in its recent newsletter. MassBio has given the EDC permission to reprint the story. Here is a link to it - http://www.westernmassedc.com/microtestnews/ Microtest is one of the region's foremost life science companies. Steve is a friend and colleague of the EDC. Steve and his employees at Microtest have provided support and sage counsel to the EDC in our efforts to grow the life science and medical device sectors of the regional economy. We wish them a healthy and successful 2011. (Read Full Article)
Comment Mentions: Massachusetts Biotechnology Council Michael Graney Economic Development Council of Western Massachusetts
On Logistics
Explore From the EDC (Dec 16 2010) Transportation
Last week I had the opportunity to listen to two site selectors who manage global logistics practices. The first was Curtis Spencer, President of IMS Worldwide, who spoke at the Consultants Forum Conference, which I attended to meet with a variety of site selectors and hear updates on topics ranging from the global climate for foreign direct investment (“FDI”) to opportunities in various industry sectors. The second was Tim Feemster who manages Grubb & Ellis’s global logistics practice, the keynote speaker at the Hartford-Springfield Economic Partnership. The EDC also hosted Tim for a luncheon with local business executives and economic ... (Read Full Article)
Comment Mentions: Springfield Michael Graney Economic Development Council of Western Massachusetts
Open Houses Coming Up at Springfield Incubator
Explore From the EDC (Dec 13 2010) Energy , Information Technology
The EDC would like to inform you about three Open Houses coming up at the Scibelli Enterprise Center at the Springfield Technology Park. Details are below. The EDC encourages small business formation and we would be pleased to offer assistance to any firm or entrepreneur, along with the resources available at the Center. Growing Successful Small Businesses is the focus of several upcoming open houses at the Scibelli Enterprise Center at the STCC Technology Park in Springfield. Please join us on December 15, January 12, and February 9 from 12:00 – 1:00pm to learn about how the Enterprise Center ... (Read Full Article)
Comment Mentions: Springfield Michael Graney Economic Development Council of Western Massachusetts
European Business Development Update
Explore From the EDC (Nov 23 2010)
I am posting this update from Europe, where I am undertaking a business development mission on behalf of the EDC and the region. I attended Medica, the world’s premier medical device trade show, in between visits to Amsterdam and Lyon to meet with companies and site selectors, as well as to develop contacts for future business opportunities for the region and our companies. In total, I will have met with over 20 senior executives (typically C-level) from European companies with varying degrees of interest in the U.S. market, 5-6 site selectors and global location consultants, and numerous economic ...
(Read Full Article)
Comment Mentions: Knowledge Corridor Michael Graney Economic Development Council of Western Massachusetts
STATE OF THE REGION CONFERENCE
Explore From the EDC (Nov 17 2010)
The EDC would like to invite you to join our Knowledge Corridor colleagues as we wrap up 10 years of collaboration at the 2010 State of the Region Conference of the Hartford-Springfield Economic Partnership on Thursday, Dec. 9, from 3:00 to 7:00 p.m. in East Windsor, Conn. (Read Full Article)
Comment Mentions: Springfield Knowledge Corridor Michael Graney
State of the Region Conference
Explore From the EDC (Nov 3 2010)
The EDC would like to invite you to join our Knowledge Corridor colleagues as we wrap up 10 years of collaboration at the 2010 State of the Region Conference of the Hartford-Springfield Economic Partnership on Thursday, Dec. 9, from 3:00 to 7:00 p.m. in East Windsor, Conn. Top national and regional speakers will be joined by successful entrepreneurs to showcase the exciting ways our interstate region is positioning itself to compete and thrive, capitalizing on its logistic advantages, cultural assets and young talent. A celebratory reception will follow the program -- all at no charge! Register today using ... (Read Full Article)
Comment Mentions: Springfield Knowledge Corridor Michael Graney
EDC Emphasizes Cooperation with Regional Partners
Explore From the EDC (Oct 25 2010) Education
There are two stories in today’s EDC Business News that have at their core the notion that cooperation is the key to economic development in today’s global economy. One story focuses on New England-wide collaboration, which recently led to the announced Northeast Utilities-N Star merger. Another describes how New England’s Knowledge Corridor received the largest (per capita) federal planning grant to assess opportunities in the Hartford-Springfield area, the new “Twin Cities”, according to Tim Brennan of the Pioneer Valley Planning Commission. The EDC has been a champion of this approach for over a decade. We are a ... (Read Full Article)
Comment Mentions: Pioneer Valley Planning Commission Northeast Utilities Springfield
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