UMass Study Shows Impact by Mill Town Capital in Berkshire County

11:42AM / Saturday, May 03, 2025Print Story | Email Story

PITTSFIELD, Mass. — An analysis by the UMass Donahue Institute (UMDI) indicates that Mill Town Capital generated a total economic impact of $132 million across Berkshire County, Massachusetts, between 2017 and 2023.

The independent study examined the effects of Mill Town's investments in local businesses, real estate, and infrastructure, as well as its philanthropic activities.

According to the UMDI, the investments resulted in a 1.42x economic multiplier, meaning that every $100 generated by Mill Town Capital led to an additional $42 in local economic activity. The study also found that the number of workers connected to Mill Town Capital's activities increased from 3 in 2017 to 672 in 2023. Additionally, the analysis suggests that $5.1 million in local tax revenues were generated through investment and job creation. The report states that $107.3 million (81 percent) of the total economic impact occurred in Pittsfield.

Tim Burke, CEO of Mill Town Capital, stated that the report confirms the impact of community-based investment. The UMDI report suggests that Mill Town Capital's approach, combining private investment, public-private partnerships, and community engagement, has produced measurable returns. Rod Motamedi, Assistant Director of Economic and Public Policy Research at UMDI, noted that Mill Town Capital's business model demonstrates how mission-driven capital can contribute to economic change and that community engagement can foster momentum for Pittsfield and the region.

Mill Town Capital, founded in 2016 by Dave Mixer, describes itself as an impact investment platform focused on the revitalization of Pittsfield and Berkshire County through investments in real estate, businesses, and community initiatives.

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Pittsfield ConCom OKs Stairs at Pontoosuc Lake

By Brittany PolitoiBerkshires Staff
04:59AM / Friday, August 07, 2026

PITTSFIELD, Mass.— Shoreline access stairs are coming to the south side of Pontoosuc Lake.

Last week, the Conservation Commission approved an amendment to the Order of Conditions for work at Pontoosuc Lake Park. There will be two stair sets on the south shoreline, and additional bank stabilization.

In 2025, the park's south side saw new stairs from the parking lot, a boardwalk, and other improvements. Later phases of the project will enhance the north side of the park for swimming, and remedy a concrete barrier wall that is partially underwater.

"Generally, what we're looking to do at Pontoosuc Lake Park is install some stair sets in two locations to help folks access from up above the bank, over the bank, and into the water," Parks, Open Space, and Natural Resources Manager James McGrath explained during the July 23 meeting.

"We're sensitive to some of the issues that are currently existing on the bank, and we're also sensitive to some of the needs for lake recreation out there."

Stairs for water access will be placed on the shoreline at the beginning of the boardwalk, where it is highly eroded, and the second staircase will be at the extreme western end of the project area, which has around 100 feet of highly eroded bank.

Additional brush layering will also stabilize the bank.

An area near the boat ramp where live stakes were vandalized will see them replanted after the ConCom found some of the bank erosion was worse than believed on a site visit last year.

The city originally proposed not replanting the area where live stakes were removed.

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