The Pittsfield Economic Development Authority met Wednesday morning, remotely, accepted the executive director's resignation, and appointed Pittsfield's Business Development Manager Michael Coakley as the interim manager.
After a brief executive session Tuesday, the Pittsfield Economic Development Authority voted to support Berkshire Kind's intent to purchase land in the business park and erect a 20,000 square foot grow facility.
In other business, the Berkshire Innovation Center is on pace for an October opening. The research and development center broke ground in September and now has a new executive director on board in Ben Sosne.
In less than 24 hours, Coakley presented to two different city boards on his work over the last year or so. The business manager is tasked with helping to bring companies to the city and helping local ones grow.
Construction on the Berkshire Innovation Center is ramping up, according to Executive Director Scott Longley.
"We are literally within weeks of starting to frame interior walls. The momentum and the progress of the BIC construction have definitely begun to pick up," Longley told the Pittsfield Economic Development Authority on Wednesday.
The site of a proposed Walmart Supercenter will be back on the market following a year of inactivity.
Pittsfield Economic Development Authority Executive Director Corydon Thurston said since Walmart pulled out of the plans developed by Waterstone Retail to redevelop the 16.5-acre site at the William Stanley Business Park there hasn't been any new activity. PEDA has signed an agreement holding the property for the developer for a year and that expires on Saturday.
An urgency to develop the William Stanley Business Park continues to grow as another year has gone by without a significant windfall of income for the Pittsfield Economic Development Authority.
PEDA has been spending approximately $305,000 in General Electric settlement money per year to supplement its operations. That account has dwindled down over the years without a significant boon in revenue to replenish it and if the current trends continue, PEDA will be out of available funds by 2024.