Downing Secures $6.5 Million Authorization For PEDA

Print | Email
BOSTON — State Sen. Benjamin B. Downing, D-Pittsfield, secured the adoption of an amendment for $6.5 million for a life science incubator building at the William Stanley Business Park.

He filed the amendment authorizing the funds for the design, construction and development of the building that was adopted during the Senate considered Gov. Deval Patrick's Life Sciences bond bill.

"Making industry-ready commercial space available to prospective businesses is vital to rejuvenating the economy of Pittsfield and the surrounding region," said Downing. "It is important that Western Massachusetts carve its own niche in the commonwealth's emerging life science industry. This targeted investment will pay dividends for years to come."

Using payments promised by General Electric in 1999, the Pittsfield Economic Development Authority is spearheading the redevelopment efforts of former GE land, now recognized as a brownfield and known locally as the William Stanley Business Park.

Downing's amendment authorizes $6.5 million for design and construction of a 30,000-square-foot facility. The incubator building is intended to attract businesses and provide a temporary growth space, or small-business incubator, which would also house on-site employee training. This project is the next step toward filling the redeveloped space with new high-tech businesses.

This $6.5 million authorization for PEDA was also included in the House of Representative's version of the life sciences bond bill, though in a different account. As the Senate and House have engrossed competing versions of the bond bill, the differences between must be reconciled by a conference committee before it can be forwarded to the governor for final approval.
Tags: life sciences,   PEDA,   

0 Comments
iBerkshires.com welcomes critical, respectful dialogue; please keep comments focused on the issues and not on personalities. Profanity, obscenity, racist language and harassment are not allowed. iBerkshires reserves the right to ban commenters or remove commenting on any article at any time. Concerns may be sent to info@iberkshires.com.

iBerkshires.com Text Ads

WILLIAMSTOWN

Blank pallet waiting for inspiration. Business offices or another opportunity.

www.altonwestall.com

Sheds N Stuff

Now Offering 1 & 2 Car Garages and Two Story Sheds. Call or Stop Today! Rte 8 Cheshire MA 743-9964

www.berkshiresheds.com

Tavern at the

Healthy pub style food, weekend entertainment, beautiful views, banquets. Pittsfield 413-448-9009

www.tavernatthea.com

Recent Stories

<MORE>

BerkshireCoupons.com

<MORE>