An overview of the benefits and unique opportunities that Massachusetts' Gateway Cities offer to the development of biotech and life science companies.
Plan wisely. Build smart. MassDevelopment provides financing, real estate, and development solutions to strengthen the Massachusetts economy by increasing jobs and housing. The 2004 annual report outlines projects completed that year, new leadership and programs, and a focus on adaptive reuse to support economic growth.
The document summarizes MassDevelopment's activities and accomplishments in fiscal year 2007. Some key points:
- MassDevelopment financed or managed 211 projects representing over $2 billion in investment and supporting over 11,000 jobs.
- Notable projects included expansions by MEDITECH in Fall River and Bristol-Myers Squibb in Devens.
- MassDevelopment provided various forms of assistance to businesses, municipalities, and projects across Massachusetts.
The annual report summarizes Devens' activities in fiscal year 2008. It discusses the opening of a new recycling center, progress on Bristol-Myers Squibb and Evergreen Solar facilities, and the retirement of two long-time MassDevelopment employees. It also provides details on community events, education programs, engineering projects, environmental work, public works initiatives, and public safety services in Devens during the fiscal year.
6- What's Old is New: Fixed-Rate Bonds are Back in Style- Catherine CrewsMassDevelopment
An overview of what the bond market is today, how it got hwere, and where it's headed in the future by Catehrine Crews of Bankof America Merrill Lynch.
3- Tax-Exempt Financing: The "New Normal" or Another Cycle?- Daniel ShimkusMassDevelopment
Daniel Shimkus of TD Bank gives an overview of the current climate and cycles in the world of tax-exempt financing. Part of Current Topics in Tax-Exempt Finance 10/29/2010
4- Communicating with Debt Stakeholders- Matt Pearson & Jason PottsMassDevelopment
An overview of the current strategies for higher education institutions to communicate with investors and approach financing, by Matt Pearson of Morgan Stanley and Jason Potts of Suffolk University. part of Current Topics in Tax-Exempt Finance 10/29/2010
The document provides an update on renovations and occupancy at 1550 Main Plaza in Springfield, MA. Renovations included modernizing elevators, renovating restrooms on the 1st floor, and renovating the atrium and lobby areas. Occupancy has increased to 96% with the Springfield School Department and Baystate Health occupying offices. The project has had an initial positive impact on surrounding properties through renovations and new uses.
An overview of the benefits and unique opportunities that Massachusetts' Gateway Cities offer to the development of biotech and life science companies.
Plan wisely. Build smart. MassDevelopment provides financing, real estate, and development solutions to strengthen the Massachusetts economy by increasing jobs and housing. The 2004 annual report outlines projects completed that year, new leadership and programs, and a focus on adaptive reuse to support economic growth.
The document summarizes MassDevelopment's activities and accomplishments in fiscal year 2007. Some key points:
- MassDevelopment financed or managed 211 projects representing over $2 billion in investment and supporting over 11,000 jobs.
- Notable projects included expansions by MEDITECH in Fall River and Bristol-Myers Squibb in Devens.
- MassDevelopment provided various forms of assistance to businesses, municipalities, and projects across Massachusetts.
The annual report summarizes Devens' activities in fiscal year 2008. It discusses the opening of a new recycling center, progress on Bristol-Myers Squibb and Evergreen Solar facilities, and the retirement of two long-time MassDevelopment employees. It also provides details on community events, education programs, engineering projects, environmental work, public works initiatives, and public safety services in Devens during the fiscal year.
6- What's Old is New: Fixed-Rate Bonds are Back in Style- Catherine CrewsMassDevelopment
An overview of what the bond market is today, how it got hwere, and where it's headed in the future by Catehrine Crews of Bankof America Merrill Lynch.
3- Tax-Exempt Financing: The "New Normal" or Another Cycle?- Daniel ShimkusMassDevelopment
Daniel Shimkus of TD Bank gives an overview of the current climate and cycles in the world of tax-exempt financing. Part of Current Topics in Tax-Exempt Finance 10/29/2010
4- Communicating with Debt Stakeholders- Matt Pearson & Jason PottsMassDevelopment
An overview of the current strategies for higher education institutions to communicate with investors and approach financing, by Matt Pearson of Morgan Stanley and Jason Potts of Suffolk University. part of Current Topics in Tax-Exempt Finance 10/29/2010
The document provides an update on renovations and occupancy at 1550 Main Plaza in Springfield, MA. Renovations included modernizing elevators, renovating restrooms on the 1st floor, and renovating the atrium and lobby areas. Occupancy has increased to 96% with the Springfield School Department and Baystate Health occupying offices. The project has had an initial positive impact on surrounding properties through renovations and new uses.
MVVF Presentation with Enterprise Bank - 3/16/11MassDevelopment
MassDevelopment promotes economic development in Massachusetts through various financial programs and real estate services. They provide tax-exempt bond financing for eligible projects between $1.2-10 million, as well as real estate loans up to $5 million and commercial lending for real estate and equipment. New programs include the Manufacturing Innovation Initiative and Gateway Cities Loan Program. MassDevelopment also administers the Emerging Technology Fund, providing loans to emerging technology companies for facility expansion and equipment.
A description of the impact the recession has had on investment decisions, disclosure and macro ecnomic factors, by Stephen Whalen, Liberty Mutual Group. Part of Current Topics in Tax-Exempt Finance 10/29/2010.
10- Tax-Exempt Products Overview: Just the Facts- Benny WongMassDevelopment
An overview of the tax-exempt financing products offered by MassDevelopment, presented by Benny Wong, MassDevelopment. Part of Current Topics in Tax-Exempt Finance 10/29/2010
9- Lessons of '08, Opportunities of '10- Peter ShapiroMassDevelopment
This document discusses the risks of interest rate swaps that became apparent during the financial crisis of 2008. It outlines four major risks: counterparty risk when financial institutions like Lehman Brothers and AIG faced difficulties; basis risk when bond rates increased due to problems in the banking sector; rollover risk as the crisis eliminated providers of liquidity facilities; and collateral posting risk as rates moved beyond historical norms. Charts show the increases in Treasury yields and swap spreads during this period. The conclusion recommends issuing fixed rate bonds and swapping to a floating rate to avoid risks associated with bank support.
Growing Massachusetts in Challenging Times: Macro and Micro Perspectives on Economic Development in the Commonwealth
A presentation to the Harvard Business School Association of Boston.
MassDevelopment has raised a fund of over $15 million from its own resources, the U.S.
Department of Education and private sources to provide loan guarantees for charter
schools in Massachusetts.1 In partnership with the Massachusetts Department of Education
Charter School Office, the Massachusetts Charter School Association, Local Initiatives
Support Corporation, and The Boston Foundation, MassDevelopment has created a
program that guarantees loans for acquiring, constructing or renovating both owned and
leased charter school facilities.
Capital Financing 501 is a tax-exempt commercial paper program that provides
Massachusetts 501 (c)(3) institutions with a low-cost source of capital that can be
borrowed and repaid efficiently.
The Brownfields Redevelopment Fund provides financing for assessment and cleanup of contaminated sites to promote redevelopment. It offers loans of up to $100,000 for environmental site assessments and up to $500,000 for cleanup activities. WinnDevelopment Corporation used a $335,000 loan from the Fund to cleanup contamination under a parking garage during their redevelopment of a former hotel into affordable housing. MassDevelopment also provided a $47,000 loan to Water Street Retail, LLC for a site assessment of a former dry cleaner to prepare for a planned 6,000 square foot retail building. Eligible projects must provide benefits like job creation or affordable housing development.
1) Devens continues to grow as an economic engine for north central Massachusetts, with over 80 companies, 4,200 jobs, and 105 homes.
2) In October 2005, Devens Common, a $40 million mixed-use complex, opened, marking the completion of the first phase of redevelopment.
3) Throughout the year, Devens saw continued investment and development, including the construction of a new Loaves & Fishes food pantry and the sale of land for a recycling center and food production facility, together creating at least 75 new jobs.
4) Highlights also included celebrating 10 years of redevelopment progress at Devens and Bristol-Myers Squibb's announcement of a $660
The annual report summarizes events from Fiscal Year 2007 in Devens, Massachusetts, highlighting two major events. In October 2006, voters rejected a plan for Devens to become its own town. In May 2007, Bristol-Myers Squibb broke ground on a large new facility in Devens, boosting the local economy. Other accomplishments included improvements to education services and infrastructure to support business growth.
The annual report summarizes activities at Devens in FY'04 related to community relations and development, education, engineering, and environmental programs. Key events included establishing a Devens ZIP code, surveying businesses to quantify economic impacts, extending the education contract with Shirley schools, and infrastructure projects like completing phases of Jackson Road reconstruction.
The annual report summarizes activities at Devens in FY 2005, including community events like Independence Day celebrations and a holiday tree lighting. It highlights awards received for redevelopment excellence. Nonprofits like the Devens Historical Museum advanced, hiring their first executive director. The Devens Disposition Executive Board was formed to craft recommendations for permanent governance.
This annual report summarizes activities and developments at Devens in fiscal year 2002. It discusses economic development, including new construction and buildout projections. Real estate activities are also summarized, including land and building sales that occurred in 2002. The report provides overviews of marketing, engineering, utilities, environmental, education, and other initiatives at Devens for the fiscal year.
The document is the 2003 annual report for Devens, a former military base that is being redeveloped. It provides an overview of Devens' progress in 2003, including economic development, new businesses, housing development, education, and environmental cleanup efforts. It also analyzes Devens' development status and projected buildout, current economic conditions, and estimates return on investment for the state's funding of Devens' redevelopment.
MassDevelopment provided financing and real estate development services across Massachusetts in 2006. They invested $947 million which supported the creation of over 7,500 jobs. Specifically, they financed 198 projects including the redevelopment of the FGS Building at Boston Medical Center and arranged financing for Hot Mama's Foods to expand to a new facility in Springfield. MassDevelopment also played roles in ongoing projects like the redevelopment of Village Hill in Northampton and the establishment of Bristol-Myers Squibb's new facility in Devens.
In fiscal year 2001, MassDevelopment committed hundreds of millions of dollars to economic development projects across Massachusetts. This included loans, guarantees, and other financing for over 50 companies and organizations, to support businesses, communities, and revitalization efforts. Projects ranged from seafood loans to small businesses to multi-million dollar loans for real estate development. MassDevelopment's annual report details the commitments made in FY2001 to help Massachusetts organizations and communities reach their full economic potential.
MassDevelopment had a record year in FY 2002, financing $1.7 billion in 448 projects across Massachusetts. This was the largest amount ever financed by MassDevelopment. Projects focused on statewide housing creation, redevelopment of state surplus properties, manufacturing expansion, and business recruitment and retention. These initiatives helped create or retain nearly 50,000 jobs and invested close to $3 billion over the past two years in Massachusetts.
This document provides an overview of MassDevelopment's activities in fiscal year 2003, highlighting financing projects in various regions of Massachusetts that helped create jobs, develop housing, and strengthen the state's economy. Key details include financing nearly 400 projects totaling over $860 million, assisting in the creation of over 5,300 jobs and retention of nearly 26,000 jobs, and supporting the development of nearly 3,900 housing units.
MassDevelopment's annual report for 2005 highlights the organization's accomplishments in supporting economic development across Massachusetts. Key points:
- MassDevelopment financed or managed 158 projects totaling $1.9 billion in investment, supporting over 9,800 jobs and 2,769 housing units.
- New financing programs like the Emerging Technology Fund and Export Development Fund provided customized support to businesses.
- Signature redevelopment projects at Devens, in Boston, and in Lawrence made progress with private and public investment.
- Brownfields funding helped communities reclaim contaminated sites for housing, education, and industry.
MVVF Presentation with Enterprise Bank - 3/16/11MassDevelopment
MassDevelopment promotes economic development in Massachusetts through various financial programs and real estate services. They provide tax-exempt bond financing for eligible projects between $1.2-10 million, as well as real estate loans up to $5 million and commercial lending for real estate and equipment. New programs include the Manufacturing Innovation Initiative and Gateway Cities Loan Program. MassDevelopment also administers the Emerging Technology Fund, providing loans to emerging technology companies for facility expansion and equipment.
A description of the impact the recession has had on investment decisions, disclosure and macro ecnomic factors, by Stephen Whalen, Liberty Mutual Group. Part of Current Topics in Tax-Exempt Finance 10/29/2010.
10- Tax-Exempt Products Overview: Just the Facts- Benny WongMassDevelopment
An overview of the tax-exempt financing products offered by MassDevelopment, presented by Benny Wong, MassDevelopment. Part of Current Topics in Tax-Exempt Finance 10/29/2010
9- Lessons of '08, Opportunities of '10- Peter ShapiroMassDevelopment
This document discusses the risks of interest rate swaps that became apparent during the financial crisis of 2008. It outlines four major risks: counterparty risk when financial institutions like Lehman Brothers and AIG faced difficulties; basis risk when bond rates increased due to problems in the banking sector; rollover risk as the crisis eliminated providers of liquidity facilities; and collateral posting risk as rates moved beyond historical norms. Charts show the increases in Treasury yields and swap spreads during this period. The conclusion recommends issuing fixed rate bonds and swapping to a floating rate to avoid risks associated with bank support.
Growing Massachusetts in Challenging Times: Macro and Micro Perspectives on Economic Development in the Commonwealth
A presentation to the Harvard Business School Association of Boston.
MassDevelopment has raised a fund of over $15 million from its own resources, the U.S.
Department of Education and private sources to provide loan guarantees for charter
schools in Massachusetts.1 In partnership with the Massachusetts Department of Education
Charter School Office, the Massachusetts Charter School Association, Local Initiatives
Support Corporation, and The Boston Foundation, MassDevelopment has created a
program that guarantees loans for acquiring, constructing or renovating both owned and
leased charter school facilities.
Capital Financing 501 is a tax-exempt commercial paper program that provides
Massachusetts 501 (c)(3) institutions with a low-cost source of capital that can be
borrowed and repaid efficiently.
The Brownfields Redevelopment Fund provides financing for assessment and cleanup of contaminated sites to promote redevelopment. It offers loans of up to $100,000 for environmental site assessments and up to $500,000 for cleanup activities. WinnDevelopment Corporation used a $335,000 loan from the Fund to cleanup contamination under a parking garage during their redevelopment of a former hotel into affordable housing. MassDevelopment also provided a $47,000 loan to Water Street Retail, LLC for a site assessment of a former dry cleaner to prepare for a planned 6,000 square foot retail building. Eligible projects must provide benefits like job creation or affordable housing development.
1) Devens continues to grow as an economic engine for north central Massachusetts, with over 80 companies, 4,200 jobs, and 105 homes.
2) In October 2005, Devens Common, a $40 million mixed-use complex, opened, marking the completion of the first phase of redevelopment.
3) Throughout the year, Devens saw continued investment and development, including the construction of a new Loaves & Fishes food pantry and the sale of land for a recycling center and food production facility, together creating at least 75 new jobs.
4) Highlights also included celebrating 10 years of redevelopment progress at Devens and Bristol-Myers Squibb's announcement of a $660
The annual report summarizes events from Fiscal Year 2007 in Devens, Massachusetts, highlighting two major events. In October 2006, voters rejected a plan for Devens to become its own town. In May 2007, Bristol-Myers Squibb broke ground on a large new facility in Devens, boosting the local economy. Other accomplishments included improvements to education services and infrastructure to support business growth.
The annual report summarizes activities at Devens in FY'04 related to community relations and development, education, engineering, and environmental programs. Key events included establishing a Devens ZIP code, surveying businesses to quantify economic impacts, extending the education contract with Shirley schools, and infrastructure projects like completing phases of Jackson Road reconstruction.
The annual report summarizes activities at Devens in FY 2005, including community events like Independence Day celebrations and a holiday tree lighting. It highlights awards received for redevelopment excellence. Nonprofits like the Devens Historical Museum advanced, hiring their first executive director. The Devens Disposition Executive Board was formed to craft recommendations for permanent governance.
This annual report summarizes activities and developments at Devens in fiscal year 2002. It discusses economic development, including new construction and buildout projections. Real estate activities are also summarized, including land and building sales that occurred in 2002. The report provides overviews of marketing, engineering, utilities, environmental, education, and other initiatives at Devens for the fiscal year.
The document is the 2003 annual report for Devens, a former military base that is being redeveloped. It provides an overview of Devens' progress in 2003, including economic development, new businesses, housing development, education, and environmental cleanup efforts. It also analyzes Devens' development status and projected buildout, current economic conditions, and estimates return on investment for the state's funding of Devens' redevelopment.
MassDevelopment provided financing and real estate development services across Massachusetts in 2006. They invested $947 million which supported the creation of over 7,500 jobs. Specifically, they financed 198 projects including the redevelopment of the FGS Building at Boston Medical Center and arranged financing for Hot Mama's Foods to expand to a new facility in Springfield. MassDevelopment also played roles in ongoing projects like the redevelopment of Village Hill in Northampton and the establishment of Bristol-Myers Squibb's new facility in Devens.
In fiscal year 2001, MassDevelopment committed hundreds of millions of dollars to economic development projects across Massachusetts. This included loans, guarantees, and other financing for over 50 companies and organizations, to support businesses, communities, and revitalization efforts. Projects ranged from seafood loans to small businesses to multi-million dollar loans for real estate development. MassDevelopment's annual report details the commitments made in FY2001 to help Massachusetts organizations and communities reach their full economic potential.
MassDevelopment had a record year in FY 2002, financing $1.7 billion in 448 projects across Massachusetts. This was the largest amount ever financed by MassDevelopment. Projects focused on statewide housing creation, redevelopment of state surplus properties, manufacturing expansion, and business recruitment and retention. These initiatives helped create or retain nearly 50,000 jobs and invested close to $3 billion over the past two years in Massachusetts.
This document provides an overview of MassDevelopment's activities in fiscal year 2003, highlighting financing projects in various regions of Massachusetts that helped create jobs, develop housing, and strengthen the state's economy. Key details include financing nearly 400 projects totaling over $860 million, assisting in the creation of over 5,300 jobs and retention of nearly 26,000 jobs, and supporting the development of nearly 3,900 housing units.
MassDevelopment's annual report for 2005 highlights the organization's accomplishments in supporting economic development across Massachusetts. Key points:
- MassDevelopment financed or managed 158 projects totaling $1.9 billion in investment, supporting over 9,800 jobs and 2,769 housing units.
- New financing programs like the Emerging Technology Fund and Export Development Fund provided customized support to businesses.
- Signature redevelopment projects at Devens, in Boston, and in Lawrence made progress with private and public investment.
- Brownfields funding helped communities reclaim contaminated sites for housing, education, and industry.