Friday, March 27, 2015 04:53pm
North Adams, MA now: 39 °   
Send news, tips, press releases and questions to info@iBerkshires.com
The Berkshires online guide to events, news and Berkshire County community information.
SIGN IN | REGISTER NOW   

Home About Archives RSS Feed
Follow iBWatercooler on Twitter
Business Briefs for December
By: Staff Reports On: 03:19PM / Monday January 03, 2011
Important
0
Interesting
0
Funny
0
Awesome
0
Infuriating
0
Ridiculous
0

Here's a short roundup of some interesting business news from last month.


Bus Company Putting Brakes on Tours
Dufour Tours is getting out of the tour business. The Berkshire Eagle reported last week that owners William and Barbara Dufour are seeking to sell the 40-year-old motor coach business before they retire. The Dufours, who also operate a regional school bus fleet of nearly 200, have four 2007 Prevost Co. motor coaches. The vehicles run around $450,000.

That's down from a dozen or so back in the 1990s. The company was started by William Dufour's father and uncle in Connecticut and made inroads into the Berkshires after buying Yellow Bus Lines in the 1960s. It now manages most of the school bus routes in Western Mass. and Southern Vermont.

Dufour Tours over the years have included multiday trips to Pennsylvania Dutch Country, DisneyWorld and Canada. Their one-day trips bring people to Boston for historic tours, to Fall River for shopping and New York City for Broadway productions.

William Dufour told The Eagle that several bus lines were interested in buying the tour business; if not sold, the division would likely be shut down.

Walmart on Track
The $17 million Walmart SuperCenter planned for the city's former gravel yard is expected to break ground this spring and be built within the next year or so. That's pretty much on schedule according to a rough time line offered the Planning Board last spring.

The North Adams Transcript reported last month that remediation work at the site, specifically for asbestos, has been completed and Wal-Mart Stores Inc. has agreed to a reconfigured intersection at Hodges Cross Road that will eliminate the current jug handle. More cleanup at the site has to be completed before the land, owned by developer Ceruzzi Properties, is sold to Walmart and construction can begin.

Walmart is estimated to generate some $594,000 in revenue for the city, and bring nearly a $1 million in wages annually. The supercenter will be 157,000 square feet and include a 38,000-square-foot grocery.

BJ's Buyer?

BJ's Wholesale Club may have a buyer. The East Coast chain put itself up for auction in November; analysts say if a private investment firm purchased it, the company would be better positioned to move into markets dominated by its competitors Costco and Sam's Club.

The chain is currently building a new store in Pittsfield off Hubbard Avenue that's expected to create more than 100 jobs.

The wholesale club first operated by the Zayre Corp. is being eyed by Leonard Green & Partners. The equity firm just bought out Jo-Ann's Stores (which also has a location in Pittsfield) and may launch a hostile takeover if the previously announced auction isn't set.

Update, Jan. 5, 2011, 8:44 a.m.: The Boston Globe reports that the company will close five stores and layoff 500, including 114 from its Natick headquarters.

Defense Spending Benefits State
Two Berkshire County companies — Draper Laboratories Inc. and General Dynamics — are about to reap the rewards of military spending but they're not alone. A column in MassLive.com cites a new study by the University of Massachusetts that shows federal military spending has increased 146 percent in the Bay State in less than 10 years.

The Department of Defense and the Department of Homeland Security has pumped $146.2 million in conctracts to 237 Western Massachusetts companies just in 2009. The study states "The value of federal defense contracts awarded to Massachusetts firms has increased by nearly 200 percent from $5.5 billion in 2001 to $15.6 billion in 2009" and supported more than 115,000 jobs.

"Even as the overall economy has struggled in the face of two recessions and fundamental industry shifts, defense has surged ahead," writes Allan Blair, president of the Economic Development Council of Western Mass., and Richard Lord, president of Associated Industries of Massachusetts.

The study can also be found at our scribd.com account here.

Editor: In general, we do not provide links to articles from the local papers because they are archived behind a paywall within two weeks of publication. We apologize for any inconvenience.



0 Comments
Tags: military, Walmart, BJ's      
News Headlines
Williams College Admits 1,159 Students for Class of 2019
Cheshire Water Protection Bylaws Saved; Bridge Being Closed
Lenox Library Launches 20th Annual Book Donation Drive
Scholarship Deadline Approaching for Girls Inc. Awards
Applications Accepted for Lola Greene Legacy Scholarships
BFAIR Annual Meeting to Feature Self-Advocate With Down Syndrome
Williamstown Election Lines Fill Up
Adams Focuses On New Economic Development Strategies
Williamstown's Colonial Pizza Has New Owner With Old Ties
Pittsfield Opens Third Community Center In Public House Complex

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (4)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (2)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (12)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
September 2014 (1)
August 2014 (1)
Tags:
Williamstown Statistics Adams Auction Jobs Qualprint Berkshire Living Flood Berkshire Creative Unemployment Merger Walmart Statistics North Adams Pine Cone Hill Expansion Gas Prices Baldwin Crane & Co. Unemployment Berkshire Chamber State Berkshire Enterprises Berkshire Chamber Of Commerce Bj's Talkberkshires Sabic Excelsior Currency Great Barrington Breakfast Pittsfield Wmeco Small Business Store Opening
Popular Entries:
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Excelsior Brings Greeting Card Co. To North Adams
New Dog Training Center Open in North Adams
Covanta's Pittsfield Facility Gets High Marks from OSHA
White Hart Inn For Sale for $5M
Adams Co-Op, South Adams Bank Merger Approved
Williamstown Chamber Seeks Input on Future Role
Storey Publishing to Host Next Creative Challenge
Aladco Installs New 'Green' Washing Machine
Recent Entries:
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move
North Adams Big Y Celebrates Renovations


View All
Hoosac Valley Does 'Grease'
The Hoosac Valley High School drama team is producing the...
North Adams Chamber @River...
The North Adams Chamber of Commerce held its monthly mixer...
Birds of Prey
Julie Anne Collier of
Berkshire Chamber Nite @ UP
The Berkshire Chamber of Commerce held its monthly...
Pitt House Series at Dottie's
The first in the Pitt House Concert Series was a sold out...
Berkshire Awards 2015
Lila Berle, Churchill Cotton and Mary Rentz were honored on...
BYP Networking at AIER
The Berkshire Young Professionals gathered at the American...
Berkshire Art Fellowship Show
The 12 Berkshire Art Association College Fellows for 2015...
Hoosac Boys Lose to Old...
The Bulldogs scored the next six points and later used a...
Hoosac Girls Drop State Final...
The Hoosac Valley girls basketball team ended its season...
Massachusetts Region I High...
Near 80 students from throughout the region met in the...
Mt. Greylock SEE Fund
Williamstown's community access television station,...
2OT, Sends Hoosac to State...
Jameson Coughlan scored on a baseline inbounds play from...
HV Win State Semi-Final
Last season, with 1 min., 30 sec. to go Bellingham was down...
Hoosac Girls to Western Mass...
On Saturday afternoon, it had a chance to hang one more...
Hoosac Edge Wahconah in...
The ball bounced out, however, securing a 48-46 victory for...
Hoosac Valley Does 'Grease'
The Hoosac Valley High School drama team is producing the...
North Adams Chamber @River...
The North Adams Chamber of Commerce held its monthly mixer...
Birds of Prey
Julie Anne Collier of
Berkshire Chamber Nite @ UP
The Berkshire Chamber of Commerce held its monthly...
Pitt House Series at Dottie's
The first in the Pitt House Concert Series was a sold out...
| Home | A & E | Business | Community News | Dining | Real Estate | Schools | Sports & Outdoors | Berkshires Weather | Weddings
Advertise | Recommend This Page | Help Contact Us | Privacy Policy| User Agreement
iBerkshires.com is owned and operated by: Boxcar Media 102 Main Street, North Adams, MA 01247 -- T. 413-663-3384 F.413-664-4251
© 2000 Boxcar Media LLC - All rights reserved