1. Articles in category: Business Development

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    1. 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
    2. 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
    3. 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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    4. 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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    5. 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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    6. 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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    7. 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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    8. 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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    9. 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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    10. 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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    11. 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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    12. 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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    13. 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
    14. 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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    15. 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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    16. 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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    17. 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
    18. 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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    19. 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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    20. 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
    21. 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
    22. 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
    23. 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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