State Senator Benjamin B. Downing (D-Pittsfield) and State Representative William “Smitty†Pignatelli (D-Lenox) announced today that the state-subsidized Massachusetts Capital Access Program (Mass CAP) has approved two loans to local businesses totaling $83,000: Personal Best, a personal fitness and training entity in Great Barrington ($68,000); and Michael Sciola, professional accountants and tax preparation, located in Pittsfield ($15,000).
“This program helps turn business dreams into reality by providing growing businesses with the resources they need to succeed. Stronger businesses, equals stronger economy and directing our state resources to building our economy is a wise investment,†said Downing.
Mass CAP, administered by the Massachusetts Business Development Corporation, is a state-subsidized program designed to help small businesses secure business loans through local banks. Using cash collateral guarantees for loans up to $500,000 from a loan loss reserve fund, this program enables banks to make loans they might otherwise not be able to finance. Since the start of the program, participating banks have secured over 3,000 new clients and financed Mass CAP loans totaling over $200 million with an average loan of $50,100.
“The backbone of Berkshire County has been with small business and these opportunities are wonderful to increase the economic opportunity here in the Berkshires,†said Pignatelli.
Mass CAP creates loan options for small businesses that fall short of qualifying for more conventional loans. Loans made through this program may be used for many purposes including start-up and expansion costs; real estate purchases; and permanent working capital to ensure continued profitable operations such as equipment purchases, start-up costs, and real estate acquisitions.
Over 50 Massachusetts banks participate in Mass CAP. To view a complete list of participating banks, and to obtain additional information regarding the Capital Access Program and other lending programs please visit: www.mass-business.com.
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Dalton Board Signs Off on Land Sale Over Residents' Objections
By Sabrina DammsiBerkshires Staff
Residents demanded the right to speak but the agenda did not include public comment. Amy Musante holds a sign saying the town now as '$20,000 less for a police station.'
DALTON, Mass. — The Select Board signed the sale on the last of what had been known as the Bardin property Monday even as a handful of residents demanded the right to speak against the action.
The quitclaim deed transfers the nine acres to Thomas and Esther Balardini, who purchased the two other parcels in Dalton. They were the third-highest bidders at $31,500. Despite this, the board awarded them the land in an effort to keep the property intact.
"It's going to be an ongoing battle but one I think that has to be fought [because of] the disregard for the taxpayers," said Dicken Crane, the high bidder at $51,510.
"If it was personal I would let it go, but this affects everyone and backing down is not in my nature."
Crane had appealed to the board to accept his bid during two previous meetings. He and others opposed to accepting the lower bid say it cost the town $20,000. After the meeting, Crane said he will be filing a lawsuit and has a citizen's petition for the next town meeting with over 100 signatures.
Three members of the board — Chair Robert Bishop Jr., John Boyle, and Marc Strout — attended the 10-minute meeting. Members Anthony Pagliarulo and Daniel Esko previously expressed their disapproval of the sale to the Balardinis.
Pagliarulo voted against the sale but did sign the purchase-and-sale agreement earlier this month. His reasoning was the explanation by the town attorney during an executive session that, unlike procurement, where the board is required to accept the lowest bid for services, it does have some discretion when it comes to accepting bids in this instance.
The Select Board signed the sale on the last of what had been known as the Bardin property Monday even as a handful of residents demanded the right to speak against the action. click for more
Police Chief Thomas Dawley will retire next month after 24 years with the Pittsfield Police Department, and the mayor will appoint his successor.
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Last weekend, LaBeau raced in the Mount Zion Snocross National race in Ironwood, Mich., the first of eight races in the national circuit series.
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Brown hopes to one day work in a lab, feeding their strong interest in scientific research and making a positive difference in the world.
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Prior to the ribbon-cutting, public officials and community resource personnel were able to tour the two new permanent supported housing projects — West Housatonic Apartments and The First Street Apartments and Housing Resource Center.
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