1. Articles in category: Business Development

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    1. 'The New Springfield is Arriving' progress report features Sec. Jay Ash

      'The New Springfield is Arriving' progress report features Sec. Jay Ash

      Encouraged by recent good news from MassMutual, Big Y and others, city Chief Development Officer Kevin Kennedy is giving another of his regular updates. The event, called "The New Springfield Is Arriving," takes its name from Springfield's Union Station and the new CTRail commuter rail service. The presentation runs from 4-6 p.m. Tuesday at CityStage, One Columbus Center, Springfield. The event is free. Parking is free in the adjacent garage. State Secretary of Housing and Economic Development Jay Ash is will also speak. Ash helped secure a deal earlier this year that will bring 1,500 MassMutual jobs ...

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    2. Owner says $41 million rehab of Paramount Theater-Massasoit property in downtown Springfield set to begin

      Owner says $41 million rehab of Paramount Theater-Massasoit property in downtown Springfield set to begin

      Developer Heriberto Flores said his agency anticipates launching a $41 million redevelopment project in June of the historic Paramount Theater and Massasoit building, seen as a key component of downtown revitalization efforts. Flores, president of the New England Farm Workers Council, which owns the Paramount/Massasoit property, said the extensive rehabilitation project will begin with replacement of the roof, needed to protect the site from further deterioration. The Farm Workers Council is investing private and public funds, including state and federal tax credits, to restore the Paramount as a 1,750-seat performing arts center and the attached Massasoit building as ...

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    3. Food Processing Center Gives Clients the Right Ingredients

      Food Processing Center Gives Clients the Right Ingredients

      Launched in 2001, the Western MA Food Processing Center in Greenfield has become a powerful engine when it comes to economic development in Franklin County and beyond. The WMFPC has been instrumental in helping farmers and other food and beverage entrepreneurs to grow organically — in every sense.
      Caroline Pam gave the jar a half-turn.  That was how she started to answer a question, the one about what makes her company’s salsa and sriracha (hot sauce) stand out in a market crowded with competitors.

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      Mentions: Greenfield
    4. Businesses pledge $400K toward Springfield 'image campaign,' pending city's contribution

      Businesses pledge $400K toward Springfield 'image campaign,' pending city's contribution

      A top economic development official told city councilors this week the business community is ready to contribute $400,000 toward a $1 million "image campaign" to promote Springfield if the city contributes $100,000. In addition, Richard K. Sullivan Jr., president and CEO of the Economic Development Council of Western Massachusetts, said he expects that combined total of $500,000 in cash would be matched by in-kind contributions from media organizations including The Republican, MassLive, WWLP 22 News, Western Mass News, along with Comcast.

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    5. Sneak peek inside new $19.9 million Live 155 complex on Pleasant Street in Northampton (photos, video)

      Sneak peek inside new $19.9 million Live 155 complex on Pleasant Street in Northampton (photos, video)

      Way Finders, the Springfield-based housing agency that used to be HAPHousing, aimed for a niche market when it built Live 155, its new apartment building at the former Northampton Lodging site at 155 Pleasant St. And they've apparently hit that target, said Peter Serafino, project manager for Way Finders. Tenants have already claimed the 47 affordable housing units at the 70-unit building, and applicants are lining up for the remaining 23 market-rate units. There was a lottery, he said, and new applicants for affordable units are going on the waiting list.

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    6. Greentown Initiative Links Startups with Manufacturers

      Greentown Initiative Links Startups with Manufacturers

      Adam Rodrigues, manufacturing fellow with Greentown labs, says his job description can be smashed down to two words: Making matches. That would be matches between startups across the state, and especially those within the 413, and manufacturers in Western Mass. that can help bring a concept to the marketplace. He’s already made several of these matches and plans to make many more, connections that have a number of benefits — for the startups, the manufacturers, the region, and the state.

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    7. There’s Certainly Growing Interest in Holyoke

      There’s Certainly Growing Interest in Holyoke

      Marcos Marrero says that if one were to have a machine running an optimization algorithm that would weigh a host of quantitative and qualitative factors to ultimately determine the very best spot in the region — and maybe the country — to locate a marijuana cultivation and distribution facility, it would, when done with its analysis, likely spit out two words: Holyoke and Massachusetts. He doesn’t. He’s director of Planning and Economic Development for the other Holyoke, the one on the Connecticut River. The one heralded as one of the first planned industrial cities in the country. The one where ...

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    8. MGM Springfield unveils further details of $960 million casino project, requests an extra year to develop housing at Elm Street property

      MGM Springfield unveils further details of $960 million casino project, requests an extra year to develop housing at Elm Street property

      MGM Springfield unveiled new details and some changes being proposed at its $960 million casino on Thursday, ranging from its plans for a free downtown shuttle bus system to a desire to have more table games and fewer slot machines to address millennial customer preference. The details were shared with the Massachusetts Gaming Commission at its meeting in Boston.

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      Mentions: Springfield MGM
    9. Thornes Marketplace to Renovate Front Entrance on Main Street

      Thornes Marketplace to Renovate Front Entrance on Main Street

      Thornes Marketplace will begin a major renovation of its front entrance on Main Street the first week in April to make practical improvements as well as aesthetic ones that are historically accurate. Richard Madowitz, Thornes owner and property manager, stressed that work on the entryway — one of the last phases of a multi-year capital-improvement project — will be conducted from 9:30 p.m. to 7:30 a.m. The front entrance will remain open daily during regular business hours.

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    10. Dietz & Co. Architects on ground floor of new Springfield

      Dietz & Co. Architects on ground floor of new Springfield

      It makes perfect sense that Dietz & Co. Architects - a firm specializing in historic restoration - would become the first tenant to sign a lease for office space in the $92 million renovation of the long-derelict and dilapidated building. Founded in 1985 by Kerry L Dietz, the firm has made a name for itself by taking old urban structures and redesigning them for 21st century use.  Over the years, the company's fortunes have mirrored downtown Springfield's revitalization progress. Now the largest architectural firm in the region with 26 employees, the company has left its distinctive mark on dozens of historic ...

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    11. Mass. Gov. Charlie Baker proposes $610 million economic development bill, including...

      Mass. Gov. Charlie Baker proposes $610 million economic development bill, including...

      Gov. Charlie Baker on Friday filed a $610 million economic development bill. The bill includes a potpourri of initiatives meant to encourage local economic development projects, help coastal communities, and incentivize business hiring. The bill would also create a permanent sales tax holiday in Massachusetts. "This bill seeks to grow the economy for all regions of the Commonwealth by providing support for small businesses, continuing the successful MassWorks program for Massachusetts' downtowns and main streets, and purchasing more equipment to expand and improve workforce skills training," Baker said in a statement.

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    12. ‘The Year of the New Springfield’ Is Underway

      ‘The Year of the New Springfield’ Is Underway

      To say projects are coming to fruition in Springfield is a bit of an understatement these days, with a $950 million casino opening downtown in September, following right on the heels of the $90 million Union Station renovation and the $95 million CRRC MA plant on the former Westinghouse site, which is expected to begin producing rail cars for the MBTA this year.  Kevin Kennedy, the city’s chief Development officer, cited those projects at the start of a recent conversation with BusinessWest because they have been, in many ways, the most prominent signs of economic momentum in Springfield. But ...

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    13. Colvest Group of Springfield latest to try redeveloping Holyoke's Lynch School

      Colvest Group of Springfield latest to try redeveloping Holyoke's Lynch School

      The Colvest Group of Springfield is the latest possibility to redevelop the closed Lynch School at 1575 Northampton St. "The Colvest Group intends to construct an attractive retail development that is compatible to the surrounding area which will provide jobs and financial benefit to the city," Mayor Alex B. Morse said in a letter Wednesday to the City Council.

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    14. Springfield gears up for $2.5 million Riverfront Park renovation as Agawam company emerges as low bidder

      Springfield gears up for $2.5 million Riverfront Park renovation as Agawam company emerges as low bidder

      An Agawam company this week submitted the lowest bid for a major renovation at Riverfront Park. JL Construction submitted a base bid of $2,418,000, the lowest of six bids received by Wednesday's deadline. The bid is within expectations and should allow the project to proceed this spring, officials said. The city is likely to add the option under JL Construction's bid of sodding the field for an additional $68,500, said Peter Garvey, the city's director of capital asset construction.

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    15. Springfield Regional Chamber Event to Feature Secretary Jay Ash

      Springfield Regional Chamber Event to Feature Secretary Jay Ash

      At its Business@Breakfast event on Wednesday, March 7, the Springfield Regional Chamber will host Jay Ash, state secretary of Housing and Economic Development, who will talk about “Unlocking Economic Development,” and his priorities to grow jobs, help communities realize their economic-development initiatives, connect citizens to new economic opportunities, and build prosperity across Massachusetts. The event takes place from 7:15 to 9 a.m. at Chez Josef, 176 Shoemaker Lane, Agawam. The cost is $25 for members ($30 at the door), or $35 general admission ($40 at the door).

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    16. Local investors interested in buying Tower Square Hotel, state documents say

      Local investors interested in buying Tower Square Hotel, state documents say

      MassMutual told state officials that there is local investor interest in buying the Tower Square Hotel. That's according to state documents released to The Republican through a public records request. They include pages of handwritten notes by Secretary of Housing and Economic Development Jay Ash as he spoke repeatedly with MassMutual about a deal to have the insurance giant consolidate in Massachusetts.

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    17. Big Y looked around and chose Springfield as distribution hub for future growth

      Big Y looked around and chose Springfield as distribution hub for future growth

      Big Y Foods Inc. hosted its Friday news conference announcing a major expansion of its Springfield distribution center in the morning because by the afternoon, the existing warehouse space would have been too full. "We wouldn't be able to move," said Vice President of Corporate Communications Claire D'Amour-Daley. Her brother, Big Y President and COO Charles L. D'Amour, said the crush is even worse in the summer when farmers bring in produce.

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    18. Chicopee to spend $2.89 million to demolish 5 more Uniroyal buildings

      Chicopee to spend $2.89 million to demolish 5 more Uniroyal buildings

      The city will remove five of the largest buildings on the Uniroyal property this year but at a higher cost than was originally expected. The City Council voted 13-0 to allocate $2.89 million to tear down the five largest remaining buildings on the Uniroyal campus after learning the cost of demolition skyrocketed due to deterioration of three attached buildings. "The cost has gun up unfortunately but it is a necessary expense," Councilor Joel McAuliffe said.

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      Mentions: Chicopee
    19. Agawam considering tax breaks for targeted redevelopment zone near Big E | masslive.com

      Agawam considering tax breaks for targeted redevelopment zone near Big E | masslive.com

      The city is working on creating a District Improvement Financing zone, or DIF, around the former Games & Lanes property, a longtime eyesore and bulwark to revitalizing the Walnut Street Extension business district.  The formerly toxic Games & Lanes site has undergone extensive environmental remediation and the dilapidated building that long dominated the lot has been demolished, prompting city officials to declare the area primed for redevelopment.  DIFs channel dollars into targeted districts by offering tax breaks and other incentives for redevelopment.

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    20. Development of vacant Chicopee industrial parks could get a boost with state grants

      Development of vacant Chicopee industrial parks could get a boost with state grants

      The Chicopee River Business Park always seemed to be the perfect spot for new industry since it is situated just off the Massachusetts Turnpike and Interstate-291 and has a number of "shovel ready" parcels complete with roads and water and sewer connections. But for nearly three decades and through good and bad economic times few businesses have ever shown interest in moving there. Now it seems the fortunes of the industrial park may finally be turning around.

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    21. Baker-Polito Administration Supports Nine Community-Driven Initiatives

      Baker-Polito Administration Supports Nine Community-Driven Initiatives

      Urban Agenda Grant Program builds on community-driven initiatives to create new economic opportunities for residents

      BOSTON, MA - February 12, 2018 - Today, the Baker-Polito Administration awarded $500,000 to nine projects through the Urban Agenda Grant Program. The program seeks to unlock community-driven responses to local obstacles, and promote economic development opportunities through partnership-building, problem solving, and shared accountability in urban centers. The competitive awards offer flexible funding for local efforts that bring together community stakeholders to pursue economic development initiatives. These awards will fund projects in Boston, Clinton, Framingham, Greenfield, Holyoke, Lowell, New Bedford, Revere and Springfield. Funding will support ...

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    22. 2 mostly-vacant Chicopee industrial parks receive state grants for development, marketing

      2 mostly-vacant Chicopee industrial parks receive state grants for development, marketing

      State Rep. Joseph F. Wagner, D-Chicopee, chairman of the economic development committee, announced the awards of two Site Readiness Program grants. A total of $255,200 will go to Westover Metropolitan Development Corporation to develop the relatively new Air Park South and $70,000 will go to Westmass Area Development to help in master planning and marketing for Chicopee River Business Park. "The Site Readiness Program is designed to facilitate development at the local level by providing targeted resources for sites with great potential as these Chicopee projects," he said.

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    23. Berkshire Innovation Center looks to bolster manufacturers, tech firms (photos, video)

      Berkshire Innovation Center looks to bolster manufacturers, tech firms (photos, video)

      With a reputation as a hub for arts and culture, Berkshire County also boasts a rich history of manufacturing and technology. That's something local business leaders and officials are looking to highlight and build upon with the creation of the long-awaited Berkshire Innovation Center. The project, which has faced delays due to funding shortfalls since it was proposed nearly a decade ago, is expected to break ground in Pittsfield this year. Stephen Boyd, BIC president and chairman since 2014, said he hopes to open the 20,000-square-foot facility at William Stanley Business Park, part of General Electric's former ...

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    24. New Projects Energize Palmer’s Neighborhoods

      New Projects Energize Palmer’s Neighborhoods

      In a neighborhood struggling to regain some momentum, any new development matters — no matter how humble. Literally, in the case of Humble Pie, a restaurant with a façade as nondescript as its name and a farm-to-table ethos that has quickly won over locals since opening in December on Main Street in the Three Rivers section of Palmer. “They’ve been getting excellent reviews, and people are literally standing in line,” said Town Planner and Economic Development Director Linda Leduc. “That’s good because it’s another catalyst to get other business owners and developers to invest in Main Street ...

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      Mentions: Palmer
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