1. From the EDC

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    1. Going for a new PPP loan? SBA revises rules on employee and owner salaries, bonuses

      Going for a new PPP loan? SBA revises rules on employee and owner salaries, bonuses

      The Small Business Administration’s Paycheck Protection Program is now up and running — at least for some lenders — and it comes with new rules on how much small businesses can pay their employees and still get full forgiveness. Small businesses are still limited to $100,000 salary caps, annualized over the period during which the business spends the PPP loan proceeds. But the covered period, which used to be a choice between either eight weeks or 24 weeks, is now any number of weeks between eight and 24, which means every small business will have to carefully watch its spending.

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    2. ESE President and CEO, Eugene J. Cassidy, Elected Chairman of the International Association of Fairs and Expositions

      ESE President and CEO, Eugene J. Cassidy, Elected  Chairman of the International Association of Fairs and Expositions

      Eugene J. Cassidy, president and CEO of Eastern States Exposition, was elected Chairman of the International Association of Fairs and Expositions (IAFE) during the organization’s annual business meeting, conducted virtually Dec. 8, 2020. Cassidy said, “I am excited to be leading our trade association during this crucial, unprecedented time. We have recently embarked on the first year of a new decade, and with it, we will have new approaches to our business. We will find creative new ways to conduct our business and we will struggle through the end-days of this pandemic, carrying on with our missions intact, and ...

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    3. Springfield Water and Sewer Commission in line for $251M federal loan for major improvement projects

      Springfield Water and Sewer Commission in line for $251M federal loan for major improvement projects

      The U.S. Environmental Protection Agency has invited the Springfield Water and Sewer Commission to apply for a $251 million low-interest loan for capital improvements including long-awaited upgrades to the West Parish Filters water treatment plant. The loan would save ratepayers approximately $60 million in borrowing costs over the next 20 years, said commission spokeswoman Jaimye Bartak.

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    4. Baystate, Boston children’s hospitals strengthen Western Massachusetts access to specialized pediatric care

      Baystate, Boston children’s hospitals strengthen Western Massachusetts access to specialized pediatric care

      Dr. Charlotte Boney, who chairs the department of pediatrics at Baystate Children’s Hospital, was “over the moon” Thursday. Baystate Health had just announced it has formalized its long-term relationship with Boston Children’s Hospital to provide Western Massachusetts residents with easier access to highly specialized pediatric care in neurology, dermatology and other areas.

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    5. Tree House Brewing buys former Channing Bete headquarters in Deerfield; event space project announced in November

      Tree House Brewing buys former Channing Bete headquarters in Deerfield; event space project announced in November

      Tree House Brewing Co. bought the former Channing Bete headquarters, manufacturing and warehouse space on Route 5 in South Deerfield for $4.25 million. The transaction, recorded Dec. 30 at the Franklin County Registry of Deeds, follows Tree House’ November announcement that it plans to open a tap room and more at the location sometime in the summer of 2021 depending on COVID-19 restrictions.

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    6. Economic bill offers greater Springfield small business and housing relief

      Economic bill offers greater Springfield small business and housing relief

      Small businesses in Greater Springfield and across the state of Massachusetts have been decimated by the 2020 economic crisis.  Some small businesses and restaurants are in ‘hibernation’ to wait out the crisis and reopen sometime in the future while far too many have already permanently closed.  Hundreds of thousands of Massachusetts citizens remain unemployed, renters are being evicted, and many homeowners are unable to pay their mortgage.  The federal relief bill finally signed by President Trump is welcomed relief albeit not nearly enough.

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    7. Massachusetts casino crowds under 25% COVID limit

      Massachusetts casino crowds under 25% COVID limit

      Massachusetts three casinos — MGM Springfield, Everett’s Encore Boston Harbor and Plainridge Park — draw enough people to bump up against the state-imposed 25% capacity limit imposed last month by Gov. Charlie Baker in the face of surging COVID cases. Occupancy is at about 19%, said Bruce Band, assistant director of the Gaming Agents Division of the Massachusetts Gaming Commission. That means the three casinos are not forced to turn anyone away, state regulators said during a meeting Tuesday of the Massachusetts Gaming Commission.

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      Mentions: Springfield
    8. Arnold’s Meats asks customers to aid in ‘Restaurant Rescue’; promotion touts wholesale customers hurt by COVID

      Arnold’s Meats asks customers to aid in ‘Restaurant Rescue’; promotion touts wholesale customers hurt by COVID

      Arnold’s Meats knows its wholesale customers — restaurants that order meat for their customer’s plates — are hurting, and it wants to help out with a “Restaurant Rescue.” Starting this week, and probably for all of 2021, Arnold’s is selling gift certificates from its restaurant customers at its markets on Grattan Street in Chicopee and Shaker Road in East Longmeadow. Customers who buy a gift certificate — $50 for high-end places and probably less for cheaper eateries — will get 10% off their Arnold’s purchase on that shopping trip.

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    9. AAA Pioneer Valley merges with 6 million-member neighbor

      AAA Pioneer Valley merges with 6 million-member neighbor

      AAA Pioneer Valley, which traces its roots to 1902 and as organization called the Springfield Auto Club, has merged with its larger neighbor, AAA Northeast, as of Jan. 1. The name will change to AAA Northeast, said Sandra Marsian, vice president for the Pioneer Valley Region. There are no changes expected in staffing levels in the Pioneer Valley, where AAA has 187 employees in branch offices in Greenfield, Hadley, Springfield and West Springfield.

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    10. EIDL Economic Injury Disaster Loan

      EIDL Economic Injury Disaster Loan

      If you have not yet received your EIDL and did $400,000 minimum in annual revenue in 2019 along with a 640 FICO, we can help. We are a Fin-tech company specializing in helping small businesses with working capital long before COVID-19. What we can achieve that big banks can't, is although smaller we are stronger in effectively being able to streamline the lending process and helping small businesses. If you have not yet applied for your EIDL loan, we are very confident in our ability to help you and your company.

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    11. SBA: PPP 2.0 portal to open next week for some borrowers

      SBA: PPP 2.0 portal to open next week for some borrowers

      The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. 

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    12. Vote Bradley Airport the Best Small Airport in the Nation!

      Vote Bradley Airport the Best Small Airport in the Nation!

      This week, we received news that Bradley Airport has been nominated in USA Today's 2021 10Best Readers' Choice travel awards. The USA Today expert panel selected the airport as a contender for Best Small Airport in the nation. Now through February 1st, you can vote (one vote per day, per device) for the airport at https://www.10best.com/awards/travel/best-small-airport-2020/bradley-international-airport-windsor-locks-connecticut/

      This is an exciting opportunity to highlight Bradley on a national level, especially during these challenging times. We hope you can help us by voting (as frequently as possible) for BDL!

       

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    13. Common Capital - Director of Outreach and Communications

      Common Capital - Director of Outreach and Communications

      Founded more than 30 years ago, Common Capital is a nonprofit, community development financial institution (CDFI) working to strengthen communities by creating economic opportunities for low- and moderate-income people, women, people of color, and immigrants in western Massachusetts. We responsibly lend money to small businesses that are unable to access all the capital they need from conventional sources, such as banks. Common Capital is a subsidiary of Way Finders.

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    14. Food Bank of Western Massachusetts moving to Chicopee

      Food Bank of Western Massachusetts moving to Chicopee

      The Food Bank of Western Massachusetts will be moving from its longtime headquarters in Hatfield to a new location in Chicopee. The Food Bank in December acquired 16.5 acres of vacant land at the Chicopee River Business Park, at the corner of East Main and Carew streets, from Westmass Area Development Corp., for $449,235, with the intent to move to a newly constructed building there in the next year or two following a capital campaign. The nonprofit organization serves Hamsphire, Hampden, Franklin and Berkshire counties.

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    15. Massachusetts Department of Transportation East-West Passenger Rail Study Update

      Massachusetts Department of Transportation East-West Passenger Rail Study Update

      MassDOT has released the Final Report for the East-West Passenger Rail Study. The study examines the potential benefits, costs, and investments necessary to connect people in western Massachusetts communities with central and eastern Massachusetts using a passenger rail service that provides fast, frequent, attractive service in a cost-effective and achievable manner.

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    16. Bay Path University offering full tuition scholarship through Signature Scholarship competition

      Bay Path University offering full tuition scholarship through Signature Scholarship competition

      Bay Path University is pleased to announce several scholarship opportunities available to first time students through the college’s Signature Scholarship competition program, which provides a limited number of scholarship awards, ranging from $1,000 to full tuition to prospective first time, first-year residential college students entering in the fall of 2021.

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    17. Skills grants are necessary fuel for Western Mass workforce

      Skills grants are necessary fuel for Western Mass workforce

      In the 2019 Blueprint for the next Century 3.0, a publication by the Associated Industries of Massachusetts, the opinions of more than 1,000 employers were polled and just about all of them expressed concern related to finding people with the skills to fuel growth as the global economy becomes increasingly competitive.

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    18. 2021 Community Mitigation Fund Workforce Development Grant Review Workshop Friday, January 8th from 1:30 p.m. to 3:00 p.m.

      2021 Community Mitigation Fund Workforce Development Grant Review Workshop Friday, January 8th from 1:30 p.m. to 3:00 p.m.

      The Massachusetts Gaming Commission (“Commission”) is inviting you to an informational video workshop to outline and discuss the 2021 Community Mitigation Fund (“CMF”) Workforce Development application process.  This workshop is being held on Friday, January 8, 2020 from 1:30 PM to 3:00 PM.  The purpose of this meeting is to provide an update of what’s new for the 2021 CMF along with insights into how communities may use their funds; explore the potential for collaboration and/or opportunities for unique programming; discuss application requirements; and provide an opportunity for you to ask any questions you may have ...

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    19. FirstLight named winner of Associated Industries of Massachusetts Sustainability Award

      FirstLight named winner of  Associated Industries of Massachusetts  Sustainability Award

      FirstLight Power, a leading clean power producer and energy storage company, has been named by Associated Industries of Massachusetts as a 2020 winner of the AIM Sustainability Award. The AIM award, issued annually since 2016, recognizes excellence in environmental stewardship, promotion of social well-being and contributions to economic prosperity.

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    73-96 of 502 « 1 2 3 4 5 6 7 ... 19 20 21 »
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