1. Articles from JimKinney413

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    1. Berkshire Bank, soon to take over Hampden Bank, thinks of itself as a bigger hometown bank, not the dreaded "big bank" | masslive

      Berkshire Bank, soon to take over Hampden Bank, thinks of itself as a bigger hometown bank, not the dreaded "big bank" | masslive

      With $7.1 billion in assets, Pittsfield-based Berkshire Bank sounds pretty big, especially to someone used to dealing with Hampden Bank and its $700 million in assets.  But as, Michael P. Daly, president and chief executive officer of Berkshire Bank said, Berkshire regularly competes in the Greater Springfield market with banks that have $100 billion in assets.  'Many of them don't even have headquarters in the United States,' he said. 'We are a regional bank. But we are still a local bank.'

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    2. Some former Hampden County Physician Associates doctors will join Sisters of Providence starting Wednesday

      Some former Hampden County Physician Associates doctors will join Sisters of Providence starting Wednesday

      Nineteen primary doctors who were part of Hampden County Physician Associates and most of ther staff will be part of Sisters of Providence Health System and its Mercy Medical Group beginning Wednesday morning, Nov. 5. Phone numbers will roll over to Mercy operators and physicians will begin scheduling appointments again at locations on Carew Street in Springfield, 98 Shaker Road in East Longmeadow, in Ludlow and in Feedinig Hills, said Daniel Moen, president and CEO of Sisters of Providence Health System. Mercy is taking over Hampden County Physician Associates locations.

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    3. Business confidence rises half a point, businesses seem cautious in hiring | masslive

      Business confidence rises half a point, businesses seem cautious in hiring | masslive

      Business confidence rose by just a half a point in October to 54.9 points, according to the monthly survey by Associated Industries of Massachusetts.  Although small, it was the sixth increase in AIM's Business Confidence Index in eight months, according to a news release. The index is up 8.2 points from October 2013 to now.
      But hiring looks iffy. Only 16 percent of employers survey by Associated Industries, a statewide business advocacy group, said they foresee hiring more staff in the next six months. Thirteen percent predict cutbacks and the rest see themselves standing pat. Associated Industries ...

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    4. MassMutual announces $1.6 billion dividend, maintains dividend interest rate of 7.10 percent | masslive

      MassMutual announces $1.6 billion dividend, maintains dividend interest rate of 7.10 percent | masslive

      MassMutual, announced Monday an estimated dividend payout of $1.6 billion for 2015.  It is the third consecutive year of record dividends at Springfield-based Massmutual. That works out to an interest rate of 7.10 percent paid to eligible permanent life insurance policies and annuities. The rate was also 7.10 percent a year ago.  Of the estimated $1.6 billion dividend payout, an estimated $1.55 billion has been approved for eligible participating policyowners who have purchased whole life insurance, MassMutual said.

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    5. Springfield Innovation Hub plans cafe, co-working space and 'activation' of Bridge Street Park where Steiger's once stood | masslive

      Springfield Innovation Hub plans cafe, co-working space and 'activation' of Bridge Street Park where Steiger's once stood | masslive

      The Springfield Innovation Hub will be one of the tenants in the Springfield Innovation Center being created by DevelopSpringfield in 16,450 square feet of space now owned by DevelopSpringfield at 270 and 276-284 Bridge St. facing the park.  He hopes to have the cafe, once planned for the former Cobalt space at City Stage, open in April 2015. Bean said the idea moved when DevelopSpringfield firmed up its plans for Bridge Street.  The location is right around the corner from where New England Public Radio opened its new studios and offices this week.  The Springfield Innovation Center received $2 ...

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    6. Channing Bete Co., publisher in South Deerfield, lays off 13 workers | masslive

      Channing Bete Co., publisher in South Deerfield, lays off 13 workers | masslive

      Channing Bete Co., the publisher known for its 'Scriptographic' booklets promoting healthy living and positive social interactions, has laid off 13 workers, according to the Franklin Hampshire Regional Employment Board.  Employees at the Career Center in Greenfield learned of the layoffs Tuesday, said Patricia H. Crosby, 
executive director
 of the Board. She would expect the former Channing Bete employees to start working with the center and with the Rapid Response Team from the state Executive Office of Labor and Workforce Development.

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    7. New England Public Radio goes live from Springfield downtown studios | masslive

      New England Public Radio goes live from Springfield downtown studios | masslive

      New England Public Radio is now broadcasting from its new studios in downtown Springfield, space it hopes opens up a new era for the National Public Radio affiliate that had outgrown its facilities at the University of Massachusetts Amherst.  The public radio station, formerly known as WFCR Five College Radio, had been operating mostly out of obsolete space in an old dormitory on the campus of the University of Massachusetts Amherst called Hampshire House. It is space the station still will use as a news bureau and for intern programs

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    8. United Bank releases first quarterly earnings report post-merger | masslive

      United Bank releases first quarterly earnings report post-merger | masslive

      United Financial Bancorp, parent company of United Bank, announced a net income of $10 million for the quarter ending Sept. 30.  It was the first set of financial results announced after united Bank's $369 million merger with Connecticut's Rockville Bank became official.  the combined bank took United's name, is headquartered in Connecticut and headed by Rockville's former CEO. net income was 19 cents per share, for the quarter ended September 30, 2014, compared to Rockville's net income of $4.6 million, or 18 cents pershare, for the quarter ended September 30, 2013.  Operating net income ...

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    9. Springfield icon The Fort/Student Prince to reopen Thanksgiving Eve, Nov. 26 | masslive

      Springfield icon The Fort/Student Prince to reopen Thanksgiving Eve, Nov. 26 | masslive

      Veteran restaurateur Andy Yee jokes that he is learning how to say aloha in German.
      Yee, whose family has run the Hu Ke Lau in Chicopee for 50 years, is one of the partners along with Peter Picknelly and others who bought the Student Prince Cafe and The Fort Dining Room this summer from longtime owners the Scherff family in order to save the downtown stalwart from closing.

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    10. Former North Adams Regional Hospital gets $3 million state grant | masslive

      Former North Adams Regional Hospital gets $3 million state grant | masslive

      Berkshire Medical Center has received a $3 million grant from the Massachusetts Health Policy Commission to create a 'Patient Centered Medical Neighborhood' as well as enhance behavioral health care in Northern Berkshire County.  State Sen. Benjamin Downing, D-Pittsfield, and State Rep. Gailanne M. Cariddi, D-North Adams announced the grant Thursday

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    11. BMC HealthNet renews contract with Holyoke Medical Center | masslive

      BMC HealthNet renews contract with Holyoke Medical Center | masslive

      BMC Healthnet Plan has renewed a one-year contract with Holyoke Medical Center and with Holyoke medical Center's Western Mass Physicians Associates, according to a news release. BMC Healthnet, a Medicaid managed care insurer owned by Boston Medical Center, canceled its contract with Baystate Health, its hospitals including Baystate Medical Center, and Baystate's doctor's practice Baycare Health Partners in a dispute over the rates paid for medical care.

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    12. MassDOT Board of Directors approves Springfield CNR Changchun contract for the MBTA | masslive

      MassDOT Board of Directors approves Springfield CNR Changchun contract for the MBTA | masslive

      The MassDOT Board of Directors unanimously approved a contract worth at least $556.6 million with CNR Changchun Railway Vehicles to build MBTA subway cars in Springfield at anew $60 million factory.  The CNR factory means 100 construction jobs. When operational, the facility will create 150 new manufacturing jobs.  The site selected by CNR Changchun on Page Boulevard was once home to Westinghouse and was attractive to Changchun because its 40 acres were cleared for possible casino development. The site also has high-capacity power lines and access to both CSX rail lines and to Interstate 291.  The MBTA is buying ...

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      Mentions: Springfield CSX
    13. Springfield Innovation Center to boost start-up business downtown | masslive

      Springfield Innovation Center to boost start-up business downtown | masslive

      DevelopSpringfield will transform two neighboring vacant Bridge Street buildings into the Springfield Innovation Center, a nursery and proving ground for the next generation of Springfield start-up companies.  The center would combine the Valley Venture Mentors cooperative work-space and advising programs along with an innovation cafe and rental space for companies that have outgrown Valley Venture Mentors' space but are not yet ready to fully strike out on their own, said Jay Minkarah, president and CEO of DevelopSpringfield.

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    14. Public invited to Changchun Railway Vehicles / MBTA Springfield announcement today | masslive

      Public invited to Changchun Railway Vehicles / MBTA Springfield announcement today | masslive

      The MBTA has chosen CNR Changchun Railway Vehicles and its Springfield location for $1.5 billion in work assembling new subway cars for the Red Line and the Orange Line of Boston's subway system.  The public is invited to Gov. Deval Patrick's formal announcement, 1 p.m. today at Changchun's site, the former Westinghouse site at 655 Page Boulevard.  The MBTA board is expected to vote Wednesday (Oct. 22), on the first phase of Changchun's Red and Orange line work during a meeting in Boston.

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    15. Meridian Industrial Group of Holyoke gets state employee training grant | masslive

      Meridian Industrial Group of Holyoke gets state employee training grant | masslive

      Meridian Industrial Group, a Holyoke company that specializes in machining very large parts for the power generation, medical, defense and aerospace industries, has received a $63,900 worker-training grant from the state.  The company will use the grant to train 28 employees and add three more. It has a total of 30 employees.  The grant was one of 28 grants from the Workforce Training Fund announced recently by Labor and Workforce Development Secretary Rachel Kaprielian. The grants are awarded through the Commonwealth Corp. All told, they will go to 72 companies around Massachusetts.

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    16. 'Top Chef Springfield'?: Business Improvement District could offer restaurant space to competition winner | masslive

      'Top Chef Springfield'?: Business Improvement District could offer restaurant space to competition winner | masslive

      Imagine a 'Top Chef' or 'Chopped'-style contest with a ready-to-go restaurant location in downtown Springfield offered as the prize.  'We are working on a restaurant contest where we would help out a new restaurateur,' said Christopher Russell, executive director of the Springfield Business Improvement District.

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    17. MBTA: Red and Orange line decision due within a month, two companies want to build the cars in Springfield | masslive

      MBTA: Red and Orange line decision due within a month, two companies want to build the cars in Springfield | masslive

      MBTA staff plan to recommend a manufacturer of the new Red Line and Orange Line subway cars to the T's board of directors within a month.  The decision will likely have an impact here in Springfield where two manufacturers - Hyundai Rotem, a South Korean industrial giant, Chinese company, CNR Changchun Railway Vehicles Co., the largest maker of rail cars in the world - have both announced plans to do the work in Springfield if they are selected.

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      Mentions: Amtrak Springfield
    18. With Hyundai Rotem and CNR Changchun, Springfield now has two chances for

      With Hyundai Rotem and CNR Changchun, Springfield now has two chances for

      "I'm very pleased that we have two world-class companies that are in competition for the MBTA bid and have found that Springfield is their top spot," Springfield Mayor Domenic J. Sarno said Friday."It brings a lot of good paying precision machining jobs, a lot of opportunity and a growing tax base." There are a number of other bidders. But no others are interested in Springfield, said Allan W. Blair, president and CEO of the Economic Development Council of Western Massachusetts. Blair expects the MBTA to make a decision very soon, probably in November. "It certainly is good for ...

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    19. MassMutual starts 'Society of Grownups' to get millennials thinking of financial future | masslive

      MassMutual starts 'Society of Grownups' to get millennials thinking of financial future | masslive

      The Society of Grownups, a new educational and initiative from Springfield-based MassMutual Financial Group and IDEO, a design consulting company with offices in Boston and elsewhere around the world, wants to help dispense knowledge both the personal and the fiscal. That's especially if your are a member of the millennial generation, be it by mindset or by chronology, and looking for a little help figuring out how to be a grownup.

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    20. Valley Steel Stamp in Greenfield stresses importance of a trained work force | masslive

      Valley Steel Stamp in Greenfield stresses importance of a trained work force | masslive

      VSS, the former Valley Steel Stamp, in Greenfield grew from 25 employees to 50 employees once Franklin County Technical School improved and expanded its machine technology program.  But if machine technology programs were even bigger, VSS would already be at 100 employees and still growing, said Steve Capshaw, president of the company which does commercial and aerospace machining.  Growth in the aircraft business, a demand for increasingly sophisticated parts, rising wages in China and increasing transportation costs all lead to increased opportunities for VSS.  'We have competed with China for business and have been quite successful,' Capshaw said

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    21. Associated Industries of Massachusetts: Business confidence up in September | masslive

      Associated Industries of Massachusetts: Business confidence up in September | masslive

      Employers gained a little confidence in the Massachusetts economy last month, according to survey results released Tuesday by Associated Industries of Massachusetts.  Associated Industries' Business Confidence index rose two-tenths of a point to 54.4 points from 54.2 points. That's on a 100-point scale where 50 is neutral.  The index is up 2.9 points from a year ago in September 2013.  Raymond G. Torto, Chair of AIM's Board of Economic Advisors and a lecturer at Harvard Graduate School of Design, said

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    22. Massachusetts Community Colleges recieve $20 million federal Department of Labor grant | masslive

      Massachusetts Community Colleges recieve $20 million federal Department of Labor grant | masslive

      The 15 community colleges in Massachusetts led by Massasoit Community College have been given a $20 million grant from U.S. Department of Labor for the Trade Adjustment Assistance Community College and Career Training Grant programs. The community colleges, which include Springfield Technical Community College, Holyoke Community College and Greenfield Community College, are advancing a comprehensive approach to addressing the training and educational needs of workers and employers statewide with a focus on articulated pathways to careers in high-growth STEM sectors (Science, Technology, Engineering, and Math).

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