1. Articles in category: Business Development

    145-168 of 295 « 1 2 ... 4 5 6 7 8 9 10 ... 11 12 13 »
    1. 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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    2. 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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    3. 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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    4. 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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    5. 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
    6. 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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    7. 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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    8. 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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    9. 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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    10. 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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    11. 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
    12. Chicopee downtown mill renovation project granted special permit

      Chicopee downtown mill renovation project granted special permit

      A Holyoke businessman who plans to convert a historic mill building that dates to the 1840s has been given the go-ahead to begin the project. The City Council voted 12-0 last week to grant a special permit to Mount Holyoke Development, owned by Herbert Berezin, which will allow him to convert the long-vacant 65,000 square-foot, five-street mill located off the corner of Front and Depot Streets into live-work apartments. The City Council also agreed to waive parking requirements and allow the project to go forth with 109 instead of the 179 spots needed under zoning regulations. It also agreed ...

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      Mentions: Chicopee Holyoke
    13. Baker-Polito Administration Supports Nine Community-Driven Initiatives | Mass.gov

      Baker-Polito Administration Supports Nine Community-Driven Initiatives | Mass.gov

      Springfield, Economic Development Council of Western Mass - $75,000  For every 100 Springfield residents of working age, 42 are not working, yet employers do not have enough qualified candidates to support operations and growth. Springfield WORKS is a coalition of over 30 partners including employers, residents, educators, and community-based organizations (CBOs). Partners developed strategies to align resources and systems to connect job-seekers and employers in need of highly skilled candidates.. This grant will allow the council to leverage existing assets and expand coaching and mentoring programs to help low income Springfield residents achieve long term, economic success through meaningful work.

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      Mentions: Springfield
    14. Seeing is believing: Springfield prepares for MGM casino, rail car factory opening in 2018

      Seeing is believing: Springfield prepares for MGM casino, rail car factory opening in 2018

      Seeing is believing. That is the message from Mayor Domenic J. Sarno and the city's development officer, Kevin Kennedy, as they describe the outlook for economic development in Springfield in 2018. One just needs to look around the city. Among dozens of projects citywide, construction plows ahead on the new $960 million MGM Springfield casino project set to open in September, the Union Station transportation center is open and growing and the CRRC USA Rail Corp. will be producing its first subway cars for the Massachusetts Bay Transportation Authority this year.

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    15. Future is bright for Kringle Candle in Bernardston

      Future is bright for Kringle Candle in Bernardston

      Michael J. "Mick" Kittredge III, founder, president and CEO of Kringle Candle can look at hundreds of candles neatly lining the shelves in one of his retail store's display areas and pick out the one that has a slightly - ever-so slightly - wrinkled label. "It's all about the details," he says as he removes it from the display. It's that attention to detail that has helped Kittredge grow the business beyond his plans and expectations. What was supposed to be a small business with six or seven employees has taken off with nearly 150 employees now.

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    16. Small Business Development Center Network helps Western Mass. business grow: Viewpoint

      Small Business Development Center Network helps Western Mass. business grow: Viewpoint

      As the regional director of the Massachusetts Small Business Development Center Western Office, my dual role as a manager and adviser allows me to coach business owners, share lessons learned and my experience to help them avoid costly mistakes. Our specialty, though, is to help our clients secure capital to buy, start or grow a business. We do this by helping them build what we refer to as "loan packages" (business plans with two or three-year proforma) to be presented to a bank or an investor. However, we could not be highly effective at our job without the support network ...

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    17. Chicopee to see $87 million in business investment in 2018

      Chicopee to see $87 million in business investment in 2018

      Two new hotels, a downtown mill conversion, construction of an assisted-living facility and a variety of other smaller projects will total more than $87 million in business investment in the city this year. "Last year's announcements have become this year's ribbon cuttings," Mayor Richard J. Kos says. The major project on tap for 2018 is a $45 million plan to build an about 98-room hotel, sit-down restaurant, fast food restaurant, coffee shop and gas station with a convenience store on eight acres of land off Burnett Road near the entrance to the Massachusetts Turnpike and Interstate 291. The ...

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    18. Westfield keeps economic development focus on Urban Renewal project and industrial park

      Westfield keeps economic development focus on Urban Renewal project and industrial park

      The city of Westfield has taken a precise, multi-year approach when it comes to economic development, focusing on two main areas, urban renewal downtown and a possible industrial park on the city's North Side. Both areas have had projects slowly cooking on the back-burner for many years and are this year's priority for Mayor Brian P. Sullivan and his team. "We are making visible progress," says Joseph Mitchell, advance officer for the city. The industrial park land, located on 66 acres between Turnpike Industrial and Cabot roads, was purchased by the city to expand the landfill in the ...

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    19. MassMutual decision adds to Springfield's 'momentum,' Western Massachusetts development official says

      MassMutual decision adds to Springfield's 'momentum,' Western Massachusetts development official says

      CRRC is about to open its rail car factory in East Springfield, MGM Springfield is seven months from opening its resort casino in the South End and now homegrown MassMutual will add jobs at its headquarters on State Street. "That is a lot of momentum, and it gets noticed," said Richard K. Sullivan Jr., president and CEO of the Economic Development Council of Western Massachusetts. MassMutual plans to grow its workforce at its corporate headquarters on State Street by approximately 50 percent. The insurer will add 1,500 jobs there over the next four years, bringing the total number of ...

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    20. 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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    21. 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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    22. 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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    23. 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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