The Opportunity Zone program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into "Opportunity Funds," which are specialized vehicles dedicated to investing in low-income areas called "Opportunity Zones."
The county is about halfway toward creating an economic development district, which will open up a new source of potential revenue for projects throughout Berkshire County.
The Comprehensive Economic Development committee, which is orchestrated through Berkshire Regional Planning Commission, has signed agreements from eight of the county's 32 towns joining the effort. The creation of a district will allow for cities and towns throughout the Berkshires apply for additional grant funding from t
A town committee has completed the long-awaited economic development plan.
The Economic Development Committee has spent more than a year crafting what is eyed to become the blueprint for the town's efforts to attract and grow businesses.
The Berkshires recently hosted a meeting with the Legislature's Joint Committee on Tourism, Arts and Cultural Development.
1Berkshire Director of Marketing Lindsey Schmid stood up before the group and began to tell the story about the importance of tourism in the Berkshires. But she didn't start with Tanglewood. Nor did she start with the Clark or MassMoCA. She started with mountain biking, hiking, and snowshoeing.
Mayor Linda Tyer is asking to use $580,000 of Pittsfield Economic Development Funds to help LTI Smart Glass expand.
LTI Smart Glass is looking at a 16,692 square-foot expansion to its current Federico Drive facility to accommodate a large contract the company recently received for its newest bulletproof glass product. It requires a $2.25 million capital investment and will add 38 new jobs over the next three years.
Adam Vartikar grew up in a family-owned business in Brookline and now his parents are looking to retire.
But he, nor any of his siblings, want to run it. Vartikar has a close relationship with the employees and doesn't want to see his parents close the doors or sell out to an company which will move it away. So he thought he'd help sell the business to the workers. He found out it is not that easy.
Seeing is believing.
For the last year MassDevelopment has been in a planning process for the redevelopment of Tyler Street. But, words on paper doesn't always tell the story. But those visions and dreams enunciated by the Morningside community are set to become a reality, if only for a day.
MassDevelopment has brought in Team Better Block, a group which will head a community effort to bring all of those ideas to life on one section of Tyler Street to show off exactly what can be. The imp
Senate President Stanley Rosenberg sat in on a number of meetings in the Berkshire on Friday to discuss the county's economic future. The Amherst Democrat knows a lot of the issues already from prior meetings here and representing the rural Franklin County.
Local developer David Moresi envisions filling the former Excelsior Mill on Roberts Drive with a thriving community of entrepreneurs, businesses and artisans.
He expects to make announcements in the coming weeks about new tenants that are already in the works and will begin aggressively marketing the complex.
Christopher Kapiloff has some big contracts in the works for Laminated Technologies Inc. and he'll be looking to expand.
He can expand anywhere and down south, where his competitors are based, it is less expensive to do business. But he is a Berkshire guy and grew his business in Pittsfield so he wants to stay. He went to the mayor's office and asked if there was some way the city could help cover the gap to build an expanded facility.
The state has brought together local leaders to develop a "blueprint" for regional workforce development.
Representatives from business, education, and community organizations met with Secretary of Housing and Economic Development Jay Ash on Tuesday for a four-hour planning session. The session is part of seven Workforce Skills Cabinet meetings across the state with the hope to better align the education, workforce development, and economic development.
Two years ago, BRPC undertook a survey of the available properties that are zoned for industrial usage, near main roads, and in proximity (not necessarily served by) to utilities. Only 41 of those properties have more than three acres of undeveloped, buildable land.
Greylock Works received a $2,176,341 MassWorks grant last fall to redo the entry and parking lots on the east and south side of the sprawling structure. Part of that grant was a 10-year easement for the city to allow use of the parking for the adjacent Alcombright Athletic Complex.
The city is hoping to build on the recent enthusiasm surrounding the Small Business Revolution to leverage those online votes into online dollars.
The goal: to raise $25,000 by May 5 toward a matching MassDevelopment grant to make historic Eagle Street more attractive to pedestrians and visitors.
BRPC is looking to "rapidly expand" a shared economic planner job.
Four towns, Hinsdale, Great Barrington, Clarksburg, and Lanesborough, had signed onto a project to bring on a full-time economic development specialist. William Compton was hired for the position and now splits his time working with the various communities.
Apex Resource Technologies, an injection molding company who found a particular niche in the medical devise manufacturing business, is just one example of the manufacturing that Massachusetts stills has, and wants to grow.
Secretary of the Executive Office of Housing and Economic Development Jay Ash joined state Rep. Tricia Farley-Bouvier Tuesday to highlight the company's efforts with the presentation of the first annual Massachusetts Manufacturing Caucus Award.
The town may take a more in-depth look at business tax incentives to attract companies to the industrial park and downtown.
Selectman John Duval asked Wednesday during a workshop meeting if the town could benefit from offering tax breaks to businesses of all kinds in hopes of attracting some that will create jobs and vibrancy downtown.
There was a strong sense of optimism on Saturday as dozens of business and community leaders gathered to address North County's economic development.
From hundreds of millions of dollars in current public and private investment to local entrepreneurs to a dropping jobless rate to ambitious plans for downtown development, the future seemed brighter than in years past.
The commonwealth's top economic development officer said last week that he liked what he saw at Waubeeka Golf Links and thinks it might be a good fit for the kind of resort and conference center envisioned by its owner.
Secretary for Housing and Economic Development Jay Ash spent Tuesday evening touring the South Williamstown golf course and chatting with local government and non-profit leaders.
It was in 1997 when Downtown Pittsfield Inc. revealed a downtown master plan which called for a movie theater on North Street.
City officials and DPI went searching high and low for a developer, from big chains to independent operators with little luck. Eventually they found Richard Stanley, who ran the Triplex in Great Barrington, and he too wanted nothing to do with the project.
The Planning Board tabled a vote on Dollar General's special permit request on Tuesday and told the chain store to go back to the drawing board.
Austin Turner with Bohler Engineering, the firm representing the discount chain store, provided the board with more specifications on the proposed store at a public hearing Monday.