1. Westmass Area Development Corp.

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    2. Ludlow Mills complex proposed for HealthSouth Rehabilitation Hospital, new senior apartments

      Ludlow Mills complex proposed for HealthSouth Rehabilitation Hospital, new senior apartments
      Kenneth W. Delude, president of Westmass Area Development Corp. said Tuesday that Westmass has finalized the purchase of Ludlow Mills from the Fastenberg family of New York City for about $7 million financed through a consortium of banks: PeoplesBank, Chicopee Savings, Hampden Bank, United Bank, Nuvo Bank and Trust Co., and First Niagara. Westmass has already received a $1.5 million grant from the state.
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    3. WESTMASS ADVANCES LARGEST MILL PROJECT IN NEW ENGLAND

      Kenn W. Delude, president of Westmass Area Development Corporation presented a detailed review of the project.  As Kenn explained, this is the first step in the permit process, which should take approximately twelve to eighteen months to complete.  After the meeting, Westmass conducted a tour of the Mills for those interested in seeing first hand the size, scale and the resources available on the site. 
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    4. Westmass Area Development Corp. to buy Ludlow mills, has long-term goal of revitalizing, creating 2,500 jobs

      Westmass Area Development Corp. to buy Ludlow mills, has long-term goal of revitalizing, creating 2,500 jobs
      Westmass Area Development Corp. plans to buy the property by July from Ludlow Industrial Realties Inc., said Kenneth W. Delude, president and CEO, bringing the long-planned rehab of the property that much closer to reality. The project could take 15 to 20 years to complete and would be the largest mill redevelopment project in New England and could host 2,000 to 2,500 jobs at completion.
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    5. Profiles in Business

      Profiles in Business
      “I’ve given my definition of economic development to different groups over the years, and the more experienced I get, the more that definition morphs a little bit,” he explained. “Economic development, as I see it, is creating increasing investment in our region — and, ultimately, a city or town — that generates increased tax revenue to the municipality and the state and creates jobs; that’s my simple definition.
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    6. Profiles in Business

      Profiles in Business
      In addition to her more-than-full-time duties with the Small Business Development Center, she’s also involved with the Pioneer Valley Planning Commission’s Plan for Progress, sits on the task force for the high-performance computing center planned for Holyoke, and volunteers her time for Digital Divide Data, a social enterprise that provides jobs and training to youths in Laos and Cambodia, among other activities.
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