1. Articles in category: Business Devlopment

    1-13 of 13
    1. 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 ...

      Read Full Article
    2. 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.

      Read Full Article
    3. 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 ...

      Read Full Article
    4. 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 ...

      Read Full Article
    5. 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 ...

      Read Full Article
    6. 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 ...

      Read Full Article
    7. Springfield City Council approves $4.5 million apartment renovation project in Old Hill

      Springfield City Council approves $4.5 million apartment renovation project in Old Hill

      The City Council approved a special permit Monday night for a $4.5 million renovation project that will allow a developer to reopen a vacant 26-unit apartment block at the corner of State and Oak streets in the Old Hill neighborhood. The renovations will target a building at 573 State St., and the owner is also planning to invest another $2 million in renovations to an adjacent, occupied 16-unit apartment building at 7 Lillian St. The council permit approval was just needed for the State Street building due to its vacancy. The vote was 10 to 1 in favor of ...

      Read Full Article
      Mentions: Springfield
    8. Dwight Road project developer meets with Selectmen

      At its Feb. 6 meeting the Select Board discussed the project in relation to the creation of a District Improvement Financing (DIF), which would grant tax revenue from for profit companies at the development for a 20-year period for the sole purpose remodeling traffic intersections along Dwight Road.  A DIF designation for the area would need Town Meeting approval. Developers met with the board to propose placing an article on the Town Meeting warrant.  Michael Crowley, principal with Middle Franklin Development Group, originally pitched the idea during a joint East Longmeadow and Longmeadow Planning Board meeting in June 2016. The ...

      Read Full Article
      Mentions: Baystate Health
    9. Chicopee expects $60M in investment with 2 hotels, US Tsubaki expansion, Mercedes-Benz dealership

      Chicopee expects $60M in investment with 2 hotels, US Tsubaki expansion, Mercedes-Benz dealership

      In the past year building permits were taken out for more than $31 million in projects in the city, leaving Mayor Richard J. Kos and city councilors celebrating groundbreaking and ribbon cuttings one after the other. It was announced that the closed Plantation Inn would be razed and replaced with a Mercedes Benz dealership off Burnett Road. And U.S. Tsubaki announced it would build a 100,000-square-foot addition to its plant on Lonczak Street. Although very different developments, both projects call for an investment of about $11.5 million and each will create a minimum of 35 jobs.

       

       

      Read Full Article
    10. Energy costs factor into business development, expansion decisions

      Energy costs factor into business development, expansion decisions

      When the Massachusetts Green High Performance Computing Center was seeking a location, it chose Holyoke for two reasons: the city's low electricity prices and its access to interstate highways and a fiber optic communications network. "We think about the cost of electricity every day," says the computing center's executive director, John Goodhue. For many businesses, whether they rely on powerful computers or manufacturing equipment, the price of electricity is a major part of the cost of doing business.

       

       

      Read Full Article
    11. OneHolyoke serves entire city with community development mission

      OneHolyoke serves entire city with community development mission

      Olde Holyoke Development Corp. has a new name: OneHolyoke Community Development Corp. What has not changed is its work with real estate development, property management and financial assistance for Holyoke residents. And, by this spring its "Learning in Place Initiative" is to be launched in earnest, connecting residents, agencies and best practices to help more Holyoke children read proficiently by the end of third-grade. The new name better reflects the organization's service to the most challenged neighborhoods in Holyoke - not just the Flats, the oldest densely-populated section of the city - and its commitment to best practices in the field ...

      Read Full Article
      Mentions: Springfield Holyoke
    12. Welcome to West Mass: Experts hope new brand name for region catches on more than Pioneer Valley did

      Welcome to West Mass: Experts hope new brand name for region catches on more than Pioneer Valley did

      Decades ago, those attempting to lure tourists and industry to communities in western Massachusetts hit upon the descriptor Pioneer Valley, a way to honor and recognize those who had settled the region centuries earlier. Pioneer Valley made a lot of sense as a way to market the Connecticut River Valley to the Boston area, said Amherst Area Chamber of Commerce President Tim O’Brien, during an era before many highways and interstates were built and putting the state capital three or more hours away.

      Read Full Article
    13. West Mass is new brand identity for Pioneer Valley tourism, business

      West Mass is new brand identity for Pioneer Valley tourism, business

      The Greater Springfield Convention & Visitors Bureau and the Economic Development Council of Western Massachusetts unveiled their new branding identity -- West Mass -- Tuesday night at an event at Open Square in Holyoke. The EDC and the Greater Springfield Convention & Visitors Bureau spent $80,000 on the effort, money collected from member businesses. The visitors bureau receives state grant money as well. "We have jobs that go unfilled. We have a lower cost of living than some of our competitors. We who live here know that this region has a lot going for it," said Richard K. Sullivan, president and CEO of ...

      Read Full Article
    1-13 of 13
  1. Categories

    1. Industry Clusters:

      Aerospace/Defense, Business Devlopment, Creative Economy, Education, Energy, Entrepreneurship, Financial Services, Green Region, Health Care, Information Technology, Life Sciences, Logistics, Manufacturing, Medical Devices, Paper Manufacturing, Plastics, Retail, Tourism, Transportation
  2. Popular Articles

  3. Organizations in the News

    1. (2 articles) University of Massachusetts
    2. (2 articles) Massachusetts Office of Business Development
    3. (2 articles) MassDevelopment
    4. (1 articles) MGM Resorts International
    5. (1 articles) Housing and Urban Development
  4. Government Officials in the News

    1. (2 articles) Domenic J. Sarno
    2. (1 articles) Kevin Kennedy
  5. Western Mass Cities in the News

    1. (7 articles) Springfield
    2. (3 articles) Chicopee
    3. (1 articles) Westfield
    4. (1 articles) Easthampton
  6. Companies in the News

    1. (1 articles) MassMutual Center
    2. (1 articles) General Dynamics
    3. (1 articles) MGM
    4. (1 articles) GZA Geoenvironmental, Inc