1. Articles in category: Business Development

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    1. Mixed-use Projects Highlight Growth in Amherst

      Mixed-use Projects Highlight Growth in Amherst

      Anyone who has spent time in Amherst recognizes the town’s enviable mix of cultural institutions, restaurants, academic energy — more than 33,000 students attend UMass Amherst, Hampshire College, and Amherst College — and open space. But town officials know they need to do more than tout those offerings; they need to leverage them to create the kind of community where college graduates will want to stay, and where families and businesses will want to locate. A number of recent developments aim to meet that need. For example, Archipelago Investments, LLC of Amherst is building One East Pleasant, a mixed-use project ...

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    2. DevelopSpringfield 'very close' to restarting Innovation Center project

      DevelopSpringfield 'very close' to restarting Innovation Center project

      DevelopSpringfield says it will soon be able to say when renovations will restart at the long-awaited Springfield Innovation Center at 270 and 276 Bridge St. downtown. "We have made a great deal of progress with regard to getting the project moving again," wrote Nicholas Fyntrilakis, chairman of the DevelopSpringfield board of directors. Work on the $5.5 million, 24,000-square-foot Innovation Center stopped in April after the general contractor said it was owed money. NL Construction of Ludlow filed papers with the Hampden Registry of Deeds showing it was owed $254,000.

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    3. Craft beer bar coming to downtown Springfield's Worthington Street in former Naismith's space

      Craft beer bar coming to downtown Springfield's Worthington Street in former Naismith's space

      A new craft beer and pretzel bar is opening in downtown Springfield. The Springfield Business Improvement District (BID) has confirmed with MassLive that a new business, The Pub and Pretzel, is coming to the former Naismith's space, located at 211-213 Worthington St. this spring.  According to city records for the property, the space was purchased in late 2016 by Edale Realty LLC, of West Suffield, Conn.  "The owners purchased the building with a concept in mind," said Chris Russell, executive director of the Springfield BID.  The new bar is slated to open in late April or early May of ...

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    4. Report: Holyoke Community College an Economic Powerhouse

      Report: Holyoke Community College an Economic Powerhouse

      Students who graduate from Holyoke Community College (HCC) with an associate degree will see an average increase in annual earnings of about $10,000 a year compared to those with only a high-school diploma, according to a new report that calculates the total economic impact of HCC on the Pioneer Valley at nearly $215 million annually. “By comparison,” the report says, “this contribution that the college provides on its own is almost as large as the entire arts, entertainment, and recreation industry in this area.” The analysis of HCC’s economic value was conducted by Emsi, an economic modeling firm ...

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    5. Willys-Overland Property Might Become a Growth Engine

      Willys-Overland Property Might Become a Growth Engine

      Chuck Irving says the property at 151 Chestnut St. in Springfield — known to the well-informed as the Willys-Overland Building because the long-defunct car maker had a showroom on its first floor and a 1,000-car garage above — caught his attention some time ago, after it was damaged and then abandoned after the natural-gas explosion in late 2012.  And he thought it had some potential.  But what really opened his eyes was the rebirth of an almost identical property in Detroit also built by Willys-Overland.

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      Mentions: Springfield
    6. Northampton planning board approves affordable housing project in Village Hill...

      Northampton planning board approves affordable housing project in Village Hill...

      The Northampton Planning Board voted Thursday night to approve the second of two mixed-income apartment buildings that will be built in the city's Village Hill neighborhood. The developer behind the project, The Community Builders (TCB), is a nonprofit based in Boston that specializes in development of affordable housing for low- and middle-income families. MassDevelopment selected TCB for the project in April.

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    7. Skechers footwear store coming to West Springfield's Century Center

      Skechers footwear store coming to West Springfield's Century Center

      Skechers, the California-based global footwear company, is opening a 10,000-square-foot store at Century Center, the 285,000-square-foot shopping complex on Memorial Avenue in West Springfield.  The store is set to open in March, according to Andrew M. Cohen, owner of Century Center, the region's first strip mall. "We are excited to have the No. 2 shoe brand in the world join the center," he said in a statement Thursday. Cohen said Skechers will be a "great addition" to Century Center, located just over the Memorial Bridge from Springfield.

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    8. New restaurant and retail store coming to Springfield's Boston Road neighborhood

      New restaurant and retail store coming to Springfield's Boston Road neighborhood

      Colvest is completing a retail center on Boston Road that will be home to a new Moe's Southwestern Grill restaurant and Batteries + Bulbs store. The center already has a Sprint cellphone store. It's next to the Aldi discount supermarket at the corner of Pasco Road and adjacent to the Colvest building that houses MedExpress Urgent Care at 1312 Boston Road.

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    9. Plans to convert Chicopee downtown mill to apartments submitted, could help redevelop downtown

      Plans to convert Chicopee downtown mill to apartments submitted, could help redevelop downtown

      A proposal to convert a downtown vacant mill into a modern apartment building with 105 live-work lofts is officially getting underway. Mount Holyoke Development, owned by Herbert Berezin, has applied for a special permit to renovate the former 65,000 square-foot, five-story historic mill at the corner of Front and Depot streets, that was most recently used by Lyman Mills.

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      Mentions: Chicopee Holyoke
    10. Westfield accepting applications for community development grants

      Westfield accepting applications for community development grants

      Westfield Community Development Director Peter J. Miller anticipates approximately $345,000 will be allocated to the city, which amounts to about $280,000 in grants after administrative and other costs. This is typical of the past few years. "For years we received $400,000 and into the $500,000s," said Miller. "Since 2000 the program has been cut significantly." Larger communities in the region, including Westfield, Holyoke, Chicopee and Springfield, receive automatic allocations from the federal government, while smaller communities such as Southwick compete against other towns for state CDBG funds.

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    11. MGM Springfield opens administrative building at 95 State St.

      MGM Springfield opens administrative building at 95 State St.

      MGM Springfield has opened its administration offices at 95 State St., becoming the first occupied building of the $960 million casino project. The opening and use of the 11-story building is the first casino building to open on the site which follows approximately a year of renovations. The full casino is scheduled to open in September of 2018. "Moving onsite is a great way to kick off the year of our opening," MGM Springfield President Michael Mathis said Monday. ""We have a growing workforce and this office space better suits our ever-expanding needs as this momentous new year unfolds. This ...

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    12. MGM Springfield continues to take shape with 2018 grand opening in sight (photos) | masslive.com

      MGM Springfield continues to take shape with 2018 grand opening in sight (photos) | masslive.com

      With a September 2018 opening coming fast, MGM Springfield officials are keeping their cards close when it comes to discussing details from inside the walls of the $960 million project.  But a walk around the 14.5 acre campus reveals a transformed section of downtown that has risen from a landscape left tattered by a 2011 tornado.  'I'm incredibly excited for 2018,' said MGM Springfield President Michael Mathis. 'We feel like this is Springfield's year to shine.'

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      Mentions: Springfield
    13. Granite State Development Corp. Helps Businesses — and the Economy — Expand

      Granite State Development Corp. Helps Businesses — and the Economy — Expand

      Certified development companies, or CDCs, are entities that partner with banks to help small businesses secure financing to grow their operations. But in doing so, they’re also growing the economy by promoting economic development, which is, in fact, a key element of their mission. Since its inception in New Hampshire in 1982 — and its subsequent, ever-expanding work across Massachusetts — Granite State Development Corp. has been executing that mission.

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      Mentions: Holyoke
    14. Public meeting scheduled on potential new Westfield industrial park

      Public meeting scheduled on potential new Westfield industrial park

      An informational meeting on the potential development of 66 acres of land on Turnpike Industrial and Cabot roads is planned for Jan. 10. The public meeting will take place at 6 p.m. at the North Middle School auditorium. Westfield Advancement Officer Joe Mitchell said this is one of the required steps associated with pre-permitting the land as an industrial park under the Massachusetts Environmental Protection Agency (MEPA). "This is a friendly meeting to give information to anyone interested," Mitchell said. "It's just the start of the process."

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      Mentions: Westfield
    15. State proposes $4.7M road project on Route 202 that could aid Belchertown State School redevelopment | masslive.com

      State proposes $4.7M road project on Route 202 that could aid Belchertown State School redevelopment | masslive.com

      The state Department of Transportation is proposing a $4.7 million road improvement project along Route 202 that could add a traffic signal at the Turkey Hill Road intersection -- an access point to the former Belchertown State School, which is being redeveloped.  The 1.2-mile project would extend along State Street (Route 202) from the South Main Street (Route 181) junction in the center of town to Turkey Hill Road (Route 21) near Eastern Hampshire District Court.

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    16. Westfield one step closer to creating Transformative Development District

      Westfield one step closer to creating Transformative Development District

      The city is one step closer to having a Transformative Development Initiative district. Last week, city officials and community partners met with a group from MassDevelopment to present their vision for the district. The Transformative Development Initiative (TDI) is a program for the state's so-called gateway cities designed to enhance public-private engagement and community identity, improve quality of life, and spur investment and economic activity. It is a program of MassDevelopment that uses the state's Transformative Development Fund.

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    17. Franklin County has 'enormous economic opportunity' says chamber leader Natalie Blais

      Franklin County has 'enormous economic opportunity' says chamber leader Natalie Blais

      Working in economic development and communications for U.S. Rep. John W. Olver, D-Amherst, from 2005 through 2012, Natalie M. Blais quickly learned that economic development is most successful when it is driven from the ground up, not top down. "Community buy-in is a must," says Blais, who later worked as district representative for U. S. Rep. James P. McGovern, D-Worcester, following Olver's retirement. As the new executive director of the Franklin County Chamber of Commerce, Blais focused on spending her first two months listening to learn what is important to chamber members and communities.

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    18. Union Station Project Earns Top Brownfield Redevelopment Honor

      Union Station Project Earns Top Brownfield Redevelopment Honor

      Springfield’s Union Station — and the project to bring it back to productive life after more than 40 years of dormancy — have both been described using a whole host of words and phrases. But ‘a bureaucrat’s delight?’ That was a new one, and one that most people probably wouldn’t expect to see the light of day. But Kevin Kennedy, Springfield’s chief Development officer, summoned it as he talked about the latest additions to what is becoming known as the Union Station trophy case — only there is no such thing. Yet. These would be two awards from the ...

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    19. Five Guys Burgers lands approval to open new restaurant in East Longmeadow's Center Square shopping complex

      Five Guys Burgers lands approval to open new restaurant in East Longmeadow's Center Square shopping complex

      Diners might have a new place in town to grab a burger, after town officials approved a plan to put a Five Guys in Center Square. The Planning Board this week approved a special permit allowing East Longmeadow Center Village, LLP, which owns several buildings in the plaza, to convert part of Mattress Firm on 40 Center Sq. into a branch of the popular burgers and fries chain. Under the approved plan, about 2,450 square feet of Mattress Firm would be reallocated to Five Guys, Rob Levesque of civil engineering firm R. Levesque Associates Inc. told the Planning Board ...

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    20. Springfield preps image campaign: 'This is our story. If we don't tell our story, no one else will.'

      Springfield preps image campaign: 'This is our story. If we don't tell our story, no one else will.'

      It will take up to $2 million to fund an "image campaign" promoting the city both here and across the Northeast, officials said in a fundraising pitch Thursday. "This is our story. If we don't tell our story, no one else will," said Mayor Domenic J. Sarno. "It's not smoke and mirrors. This is real good news we have to share." Kevin Kennedy, the city's chief economic development officer, pointed to economic development in the city that includes the new CRRC rail car plant in East Springfield.

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    21. Springfield plans $600K renovation of Van Horn Park with federal grant funds

      Springfield plans $600K renovation of Van Horn Park with federal grant funds

      The city, aided by federal grant funds, is planning an estimated $600,000 renovation of Van Horn Park in Liberty Heights that includes new playground equipment and improved lighting, landscaping and pedestrian access. The city plans to hire a design/engineering company for the project with construction slated to begin in the summer of 2018 and completion by June of 2019. Mayor Domenic J. Sarno said the renovation of the 114 acre park "will enhance the recreational offerings for residents of all ages" by enhancing the active and passive use of the park on Armory Street within the densely populated ...

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    22. Beacon Communities gets tax credits needed to begin 130-unit North Amherst housing project

      Beacon Communities gets tax credits needed to begin 130-unit North Amherst housing project

      Beacon Communities will be able to proceed with its planned 130-unit housing project in North Amherst after state officials announced Tuesday the project will receive the low-income tax credits developers had been hoping for. State officials announced the funding in Holyoke as part of a $35 million package supporting affordable rental housing in Massachusetts.

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      Mentions: Amherst Holyoke
    23. IHOP at Five Town Plaza in Springfield set to open

      IHOP at Five Town Plaza in Springfield set to open

      The IHOP restaurant at the Five Town Plaza in the Sixteen Acres neighborhood will open Tuesday at 7 a.m. A formal grand opening is set for Jan. 19, said Jaleel Rahman, manager for the Rocky Hill, Connecticut-based Dine In Group that owns the franchise. The restaurant is in an out parcel at the plaza, located at 300 Cooley St. near Bicentennial Highway. The building it will occupy first housed a twin movie theater and most recently a AAA office.

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  3. Organizations in the News

    1. (4 articles) MassDevelopment
    2. (2 articles) University of Massachusetts
    3. (2 articles) Valley Venture Mentors
    4. (1 articles) Basketball Hall of Fame
    5. (1 articles) Greenfield Community College
    6. (1 articles) Colvest Group
    7. (1 articles) Economic Development Council of Western Massachusetts
    8. (1 articles) Common Capital
    9. (1 articles) Ludlow Mills
    10. (1 articles) Springfield Business Improvement District
    11. (1 articles) Western New England University
    12. (1 articles) Boston Fed
  4. Government Officials in the News

    1. (4 articles) Domenic J. Sarno
    2. (3 articles) Kevin Kennedy
    3. (1 articles) Congressman Richard E. Neal
    4. (1 articles) William Martin
  5. Western Mass Cities in the News

    1. (20 articles) Springfield
    2. (6 articles) Chicopee
    3. (4 articles) Holyoke
    4. (3 articles) West Springfield
    5. (2 articles) Northampton
    6. (1 articles) Amherst
    7. (1 articles) Greenfield
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  6. Companies in the News

    1. (7 articles) MGM
    2. (3 articles) MassMutual Center
    3. (3 articles) The Republican
    4. (2 articles) Berkshire Bank
    5. (2 articles) MassMutual
    6. (2 articles) Peter Pan Bus Lines
    7. (1 articles) Smith & Wesson Corp.
    8. (1 articles) Balise Motor Sales