1. Articles in category: Business Devlopment

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    1. MGM Springfield's housing development at historic Court Square building may include 'affordable housing' component

      MGM Springfield's housing development at historic Court Square building may include 'affordable housing' component

      An MGM Springfield official told the Massachusetts Gaming Commission on Thursday that it has delayed a market rate housing project due to a new location under consideration at Court Square that may include affordable housing units. Seth Stratton, vice-president and general counsel for MGM Springfield, said the site under consideration, a long-vacant block at 31 Elm St., is being discussed by city officials, Peter Picknelly's OPAL Real Estate Group and MGM. City officials and MGM have agreed that restoring that vacant block could be "transformative" event for that area, but those negotiations have delayed development of the housing component ...

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    2. West Springfield gives tax break to Agri-Mark, agricultural cooperative planning multimillion-dollar expansion

      West Springfield gives tax break to Agri-Mark, agricultural cooperative planning multimillion-dollar expansion

      Agri-Mark, a farmer-owned cooperative best known for its Cabot and McCadam brands of cheese and butter, is planning a multimillion-dollar expansion at its West Springfield facility, according to Mayor William C. Reichelt, whose administration sweetened the deal by offering tax breaks to the co-op. Reichelt said Agri-Mark, which has facilities in upstate New York and across New England, is planning a project in the neighborhood of $12 million at its plant at the corner of Riverdale Street and Morgan Road. The expansion will create 12 new jobs, according to the mayor, with first dibs given to qualified West Side residents ...

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    3. Chicopee company plans $9 million expansion, city officials approve tax agreement

      Chicopee company plans $9 million expansion, city officials approve tax agreement

      A local distribution company plans to build an about $9 million addition onto its existing building in Willimansett and will add 22 new jobs in the process. J. Polep Distribution Services, located on 705 Meadow St., is planning a 32,000 square foot expansion to create a new cold dock and freezer and cooler area to its current building, City Council members said. The City Council recently approved a tax agreement that will give the company a five-year break on real estate taxes as an incentive for the company, which currently employs 486 full-time people, to remain in the current ...

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    4. Easthampton's Five Star Building Corp. expands into Boston area | masslive.com

      Easthampton's Five Star Building Corp. expands into Boston area | masslive.com

      Kevin Perrier, CEO and President of Five Star Building Corp., has opened a new corporate office at the Charlestown Navy Yard in Boston.  While known in Easthampton for his restoration of smaller historic commercial properties -- including the Button Building and former Parsons Street School -- Perrier's contracting and construction management firm has grown to serve clients across Massachusetts, and projects $70 million in sales for 2017.

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      Mentions: Easthampton
    5. Tru by Hilton Breaks Ground on Chicopee Hotel

      Hilton recently broke ground on a new Tru by Hilton property located in Chicopee. The celebration marked the first groundbreaking of the company’s Tru by Hilton in Massachusetts. Attendees, numbering about 150, included a roster of dignitaries and executives who were instrumental in pushing the project forward, including state Sen. James Welch; state Reps. Michael Finn, Joseph Wagner, and Angelo Puppolo; and Chicopee Mayor Richard Kos. The 108-room, four-story hotel is located at 440 Memorial Dr. and is owned by BK Investments. It is expected to be completed in May 2018.

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    6. House Speaker DeLeo: 'Why don't you look at Springfield?'

      House Speaker DeLeo: 'Why don't you look at Springfield?'

      DeLeo, D-Winthrop, described the conversation Thursday in a speech to the Economic Development Council of Western Massachusetts. He said he asked about all the GE subsidiaries that might follow the home office to Massachusetts. Yes, he was told, various GE businesses might follow. "Why don't you look out west?" DeLeo told the executive. "Why don't you look in Springfield? That's where the real estate is going to sell for much less than what you are paying in the Seaport district." The EDC is a regional economic development organization that works to bring businesses to the region, helps ...

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    7. $36.3 million onset of Lyman Terrace renovation marked by ceremony in Holyoke

      $36.3 million onset of Lyman Terrace renovation marked by ceremony in Holyoke

      A ceremony marked the beginning of the first phase of construction of the $36.3 million renovation of the Lyman Terrace public housing complex on Monday with U.S. Rep. Richard E. Neal, D-Springfield, praising the city's commitment. "It's a very complicated project, and I think that there are few things in urban life that are more challenging than housing. It's like a big game of musical chairs and you hope when it's done that everybody gets a chair," Neal said after the ceremony. The ceremony was for onset of the combination of demolition, construction and ...

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    8. MGM Springfield, city nearing end of negotiations to bring new residential units to city

      MGM Springfield, city nearing end of negotiations to bring new residential units to city

      MGM Springfield could soon announce changes to its plan to bring 54 market-rate residential units to the city's downtown, according to city and casino officials. Kevin Kennedy, Springfield's chief development officer, said the city is currently in the later stages of negotiating with MGM Springfield over redeveloping a long-vacant building located near the casino site at 31 Elm St.  "We are negotiating and I have said publicly that we are negotiating to incorporate that commitment into redevelopment of 31 Elm St," he said in an interview. "Currently, we're in the latter stages of that discussion and lawyers ...

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    9. A state grant is funding a new pedestrian plaza in downtown Greenfield

      A state grant is funding a new pedestrian plaza in downtown Greenfield

      A pedestrian plaza is coming to downtown Greenfield. It will start on Court Square, in front of Greenfield Town Hall and extend to Bank Row. The Massachusetts Department of Housing and Community Development is providing $15,000 to fund the plaza design. “We are trying to make downtowns more pedestrian-friendly and helping to connect them with stores popping up downtown, and make things more walk-able, and ultimately more healthy,” said Jay Ashe, Secretary for the Massachusetts Department of Housing and Community Development.

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      Mentions: Palmer Greenfield
    10. Springfield again seeks developer for long-vacant downtown building near Union Station

      Springfield again seeks developer for long-vacant downtown building near Union Station

      The city is once again seeking a developer for a long-vacant, six-story building on Lyman Street in the downtown, believing the chances for success are enhanced by the redevelopment of nearby Union Station set to open in June. Proposals for the purchase and redevelopment of the vacant building at 135-155 Lyman St. are due by May 23, by 2 p.m., at the Office of Procurement at City Hall. Reuse of the building is preferred but the city will consider options including projects involving demolition, officials said.

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    11. Chicopee to spend additional money to continue Uniroyal & Facemate cleanup

      Chicopee to spend additional money to continue Uniroyal & Facemate cleanup

      The city will spend $870,000 to continue the process of cleaning up the Uniroyal and Facemate factory sites and expects to need another about $1 million in the upcoming year. "A lot of the grant funds are now drying up," City Planner Lee Pouliot said. The City Council this month voted to spend $870,000 from the free cash account, or money unspent from the previous year's tax collections, to continue the project. City officials said they expect to return to the council in the next fiscal year to request another $1 million to continue other parts of ...

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      Mentions: Chicopee
    12. Springfield Takes Giant Strides Toward Creating a Vibrant Urban District

      Springfield Takes Giant Strides Toward Creating a Vibrant Urban District

      Webster defines momentum this way, among others: ‘capacity for progressive development’ and ‘forward movement.’ Those phrases certainly describe what’s being seen and heard in the Stearns Square area of Springfield, where a project blueprinted to be catalytic in nature, the Innovation Center now taking shape on Bridge Street, has been exactly that.

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    13. Want a culinary job? Snapchef staffing agency expands to Springfield

      Want a culinary job? Snapchef staffing agency expands to Springfield

      "Downtown Springfield provides Snapchef with a centralized location that will help our company increase its ability to attract talent and serve clientele," Snapchef CEO, Todd Snopkowski said in a statement. "Our close work with the City of Springfield, the Massachusetts Executive Office of Housing and Economic Development, and legislative leaders made the expansion into Springfield an easy decision. We appreciate the support that Snapchef has received during this expansion from the Springfield Regional Chamber of Commerce, the Western Massachusetts Economic Development Council, and Develop Springfield."

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    14. SNAPCHEF LAUNCHES FIRST PHASE EXPANSION IN SPRINGFIELD

      SNAPCHEF LAUNCHES FIRST PHASE EXPANSION IN SPRINGFIELD
      Snapchef Launches First Phase Expansion In Springfield
      Culinary Staffing Leader Plans to Hire Immediately

      Springfield – April 10, 2017— Snapchef, the leading culinary training and staffing company in New England, announced that it has opened its first office in the City of Springfield. The office, located at 174 Worthington Street, will serve as an administrative and hiring center for Snapchef culinary professionals and represents Snapchef’s initial expansion into Western New England. 

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    15. Ludlow Mills celebrates cleanup, worries about future grants for more work as complex comes back to life

      Ludlow Mills celebrates cleanup, worries about future grants for more work as complex comes back to life

      Westmass Area Development Corp. announced this week the completion of a $600,000 cleanup of hazardous asbestos and PCBs from the 170-acre Ludlow Mills complex. But even with the the good news, Westmass is fearful that U.S. Environmental Protection Agency brownfields funding and state/federal historic preservation tax credits for further cleanups might dry up. "I don't know anybody who isn't concerned about the federal budget," said Eric Nelson, president and CEO of Westmass. "It's one of the few ways that these signature mill buildings can be preserved and brought back to life."

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    16. Springfield seeks buyer, new use for leveled Ring Nursing Home property in Maple High-Six...

      Springfield seeks buyer, new use for leveled Ring Nursing Home property in Maple High-Six...

      The city, having recently finished demolition of the former Ring Nursing Home, is offering the property for sale and redevelopment, possibly for single-family homes. Associated Building Wreckers of Springfield recently demolished the tax-foreclosed property at 22 Ridgewood Place in the Maple High-Six Corners area, which had been a blight in that area for more than a decade, officials said. The parcel is about two-thirds of an acre in size. Mayor Domenic J. Sarno said the goals are getting the property back on the tax rolls and finding a use compatible with the residential neighborhood.

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    17. Chicopee West End improvements begin, could spark mill development

      Chicopee West End improvements begin, could spark mill development

      The city will begin the first step to correct an ancient problem with infrastructure that could lead to the development of the west end of the city's downtown. The City Council voted 13-0 to allocate $325,000 to replace a nearly 50-year-old pump station, add a standby generator and repair a sewer line that is all located near the Cabotville and Lyman mills of Front Street. The city received an about $2.64 million MassWorks Infrastructure Grant from the state which is to be used to fund a number of improvements, including replacing storm drains, improving the sewage system ...

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      Mentions: Chicopee Holyoke
    18. Tax credits to help expanding Agawam company hire more workers

      Tax credits to help expanding Agawam company hire more workers

      Tax incentives are helping an Agawam business and a dozen other Massachusetts companies create and retain thousands of jobs to deliver millions in private investment, according to the state's Economic Assistance Coordinating Council, which approved the incentives on Wednesday. The EACC's Economic Development Incentive Program is helping 13 companies in 11 communities create 1,181 jobs, retain 4,685 existing jobs, and deliver over $469 million in private investment, state officials said. The program offers investment tax credits and other incentives to companies that create jobs and build new facilities in Massachusetts. Investment tax credits are basically an ...

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    19. Springfield officials talk economic development, jobs with state secretary of Housing and...

      Springfield officials talk economic development, jobs with state secretary of Housing and...

      Mayor Domenic J. Sarno and Chief Development Officer Kevin Kennedy met Wednesday with Jay Ash, secretary of the state's Executive Office of Housing and Economic Development, for a continued discussion of the city's economic development projects. Sarno said he and Kennedy provided Ash with updates on $3.3 billion in economic development initiatives in Springfield and the effort to expand other development and job-creation projects.

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    20. Springfield mayor, Park Commission approve final plans for downtown Strearns Square...

      Springfield mayor, Park Commission approve final plans for downtown Strearns Square...

      A proposed $1.2 million major improvement project for Stearns Square and Duryea Way in the downtown moved another step forward Wednesday with approval of the design plans by Mayor Domenic J. Sarno and the Park Commission. The improvements include restoration of the downtown park and fountain at Stearns Square, new and widened sidewalks, retained trees and new landscaping, and enhancements for pedestrians and outdoor dining, according to city officials and the design firm. "The renovation of Stearns Square and Duryea Way is an integral part of the renaissance of our downtown," Sarno said. "The proposed improvements along with significant ...

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    21. Poll: 77 percent of expanding businesses in Massachusetts say they would choose investing in the commonwealth all over again

      Poll: 77 percent of expanding businesses in Massachusetts say they would choose investing in the commonwealth all over again

      Companies that have relocated or expanded in Massachusetts over the past decade nearly always say they chose the Bay State because of its expert work force. And more than three-quarters, 77 percent to be exact, of those companies told pollsters from the University of Massachusetts Donahue Institute and MassEcon. The survey also showed that and 64 percent rated the state as a "good" or "very good" place to do business, according to the report released on Tuesday  Forty companies relocated or expanded in Western Massachusetts, defined here as Hampden, Franklin and Hampshire counties, from 2004 through 2015. Another 21 expanded ...

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    22. Silverbrick Lofts, renovated downtown Springfield apartment complex, nears full occupancy

      Silverbrick Lofts, renovated downtown Springfield apartment complex, nears full occupancy

      More than 250 of the 280 apartments at Silverbrick Lofts in downtown Springfield have been renovated, and once completed they do not go unoccupied for long. "We are showing them every day," said Karen Piemonte, assistant property manager at Silverbrick. "The renovated units are in great demand." The New York City-based Silverbrick Group bought the complex of four downtown buildings once known as Morgan Square Apartments in 2014 for $9 million from The Lone Star Fund of Dallas. Silverbrick then started a $6 million renovation. The company started with the apartments that were vacant and continued through the buildings as ...

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    23. MGM Springfield's vendor fair draws over 200 companies looking to land a contract

      MGM Springfield's vendor fair draws over 200 companies looking to land a contract

      MGM Resorts International drew more than 200 potential vendors -- companies eager to provide everything from industrial warehousing to artisan furniture -- to a vendor fair Wednesday at the MassMutual Center downtown. At stake is tens of millions of dollars worth of contracts to outfit and equip the $950 million MGM Springfield resort and casino now under construction on a 14.5-acre site downtown, said Seth Stratton, vice president and general counsel for MGM Springfield. Wednesday's fair focused only on the things MGM will need in the lead up to the casino's opening. That opening is expected in the fall ...

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    1-24 of 31 1 2 »
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  3. Organizations in the News

    1. (1 articles) Economic Development Council of Western Massachusetts
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  4. Government Officials in the News

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    1. (8 articles) Springfield
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  6. Companies in the News

    1. (2 articles) MGM
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