UMass Study Shows Impact by Mill Town Capital in Berkshire County

Print 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.
If you would like to contribute information on this article, contact us at info@iberkshires.com.

Pittsfield Remembers Lives Lost to Overdose, Underscores Harm Reduction

By Brittany PolitoiBerkshires Staff

Mayor Peter Marchetti reads a proclamation at City Hall encouraging residents to raise awareness and lift each other up. 

PITTSFIELD, Mass. — Dozens of people gathered downtown on Monday to remember those lost to overdose and work toward a future of zero deaths from substance use disorder. 

The Berkshire Overdose and Addiction Prevention Collaborative and its partners held a proclamation reading and flag-raising at City Hall, followed by a standout in Park Square with signs promoting the use of naloxone, harm reduction, and reducing associated stigma. 

There were 23 fatal overdoses in Berkshire County in 2025, 11 in Pittsfield. This is down 44 percent from the 41 countywide fatalities in 2024. 

While it is a significant decrease, advocates want to see that number at zero. 

"On the one hand, we're very pleased to see this significant of a decrease. This is actually the lowest number that we've had since [Department of Public Health] started collecting these numbers in 2013, but the goal is still zero," said Andy Ottoson, public health planner with the Berkshire Regional Planning Commission. 

August is International Overdose Awareness Month, the world's largest annual campaign to end overdose, remember those lost without stigma, and acknowledge the grief of families and friends left behind. September is National Recovery Month, a national observance to educate the public on the importance of substance use treatment and mental health services.

Samantha Kendall of Berkshire Harm Reduction explained that it is truly meeting people where they are, as they are, and when they are, "and I think we all do a really great job at that."

"We also want to remember that we're building a community for everybody, and systems and policies for everybody. That's really important in harm reduction work, so that's also the reason we're here today," she said. 

View Full Story

More Pittsfield Stories