MassDevelopment

Success Stories by Product or Service

Bond Financing

Cumar

Cumar is one of New England’s leading manufacturers of fine architectural stone. The company wanted to expand its Everett manufacturing facility but lacked adequate resources.
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Dean College

To accommodate its growing student body, Dean College turned to MassDevelopment for assistance to create more housing and retail space.
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Devens Recycling Center, LLC

With the proceeds from a tax-exempt bond, Devens Recycling Center built a 90,000-square-foot waste recycling facility and transfer station.
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Dudley Greenville LLC

Dudley Greenville LLC is using tax-exempt financing to build affordable, multifamily housing in Roxbury’s Dudley Square.
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D'Youville Life & Wellness Community

D’Youville Life & Wellness Community built a 60-unit affordable assisted living facility in Lowell.
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New Verdean LLC

A MassDevelopment bond financed the renovation of New Bedford’s Verdean Gardens, a 110-unit multifamily rental housing facility in New Bedford with 56 affordable housing units.
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Ships Cove Preservation Partners

MassDevelopment issued a tax-exempt bond to help a developer preserve and renovate 201 affordable housing units in Fall River.
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Sturgis Charter Public School

Ranked #1 in the state, Sturgis Charter Public School needed financing to build a second facility to meet growing student demand but could not get more help from its bank alone.
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The Home for Little Wanderers

The Home for Little Wanderers offers vital services to help vulnerable families and children and needed a low-cost way to expand its campus in Walpole, fund new programs, and hire new teachers.
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The Neighborhood Developers

MassDevelopment issued a $5.8 million tax-exempt bond on behalf of The Neighborhood Developers to help preserve, renovate, and build 52 affordable housing units in Chelsea and Revere.
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Tree House Brewing Company

MassDevelopment issued a $7,740,000 tax-exempt bond on behalf of Monson-based Tree House Brewing Company, helping finance the company’s new brew house.
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William James College

MassDevelopment issued an $18.4 million tax-exempt bond on behalf of William James College in Newton, allowing the college to expand its campus and create 15 permanent jobs.
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Brownfields

Statewide

View map of brownfields projects we've supported

 

Loans & Guarantees

Bradstreet Partners LLC

Financing from MassDevelopment will help Bradstreet Partners, LLC transform an underused property in downtown North Andover into a vibrant hub of retail and residential activity.
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Cape Abilities

Cape Abilities, a human services nonprofit in Hyannis, provides individuals with disabilities with job placement, training, life skills, and residential programming. Using MassDevelopment loan funds, the agency was able to buy and renovate a group home in Barnstable.
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City Place

A loan from MassDevelopment helped this developer complete his project and create jobs in a recovering community.
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Fancypants Baking Company

Fancypants Bakery makes specialized cookies for clients like Whole Foods and SuperTarget. To take advantage of exploding demand, the company needed a larger space and new equipment.
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GTR Manufacturing

With two equipment loans, Brockton based GTR Manufacturing was able to purchase a new punch press, which helped them increase production efficiency and reduce material waste.
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Notch Brewing

MassDevelopment financing helped Notch Brewing buy a new brewing system and brewing tanks for its taproom near Salem’s Pickering Wharf.
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Pepperell Place

MassDevelopment provided a $2.25 million loan to Lexvest Chapel LLC to redevelop office and industrial space at 20 Mill Street in Pepperell.
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PowerHouse Dynamics

Powerhouse Dynamics develops energy management systems for small businesses and homes.
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The Lofts at City Place

MassDevelopment provided a $5 million loan to convert an abandoned 88,000-square-foot former mill building into 51 much-needed housing units and 10,000 square feet of commercial space in downtown Leominster.
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Tax Credits

The Dimock Center

MassDevelopment provided Boston’s Dimock Center with an $11 million New Markets Tax Credit allocation to finance the renovation of its detoxification center for alcohol and substance abuse recovery. The renovation will add 12 beds to the Center and allow it to serve 1,000 more clients annually.
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Harbor Health Services

Harbor Health Services used a $12,940,540 MassDevelopment financing package to transform a former temple building in Brockton into a 27,000-square-foot space for the organization’s Program of All-Inclusive Care for Elders.
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High Point Treatment Center

High Point, the largest provider of addiction and mental health treatment in Massachusetts, needed funding to acquire and renovate a 60,000-square-foot facility on a site that had been vacant for more than one decade.
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Holyoke Medical Center

MassDevelopment issued a $15 million tax-exempt bond and provided a $10 million New Markets Tax Credit allocation to help finance a two-story addition to Holyoke Medical Center (HMC). HMC estimated the project would create 25 permanent jobs and 70 construction jobs.
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Riverwalk Properties

With help from MassDevelopment, Riverwalk properties provided a space for new tenants who are helping revitalize the city of Lawrence.
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Worcester T&G Building

The historic Telegram & Gazette building is now home to Quinsigamond Community College, where students prepare for the future and spur economic development in the heart of downtown Worcester.
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Real Estate Services

100 Cambridge Street, Boston

In 1999, the Commonwealth of Massachusetts shuttered the Leverett A. Saltonstall state office building and selected MassDevelopment to redevelop the contaminated property.
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City of New Bedford

MassDevelopment partnered with New Bedford to produce a baseline economic assessment and strategic development plan for the city’s downtown.
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Malden / Everett TAP

Malden and Everett needed to figure out how to overcome industrial mixed-use development issues and launch economic growth.
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Myles Standish Industrial Park

The expansion of Myles Standish Industrial Park will result in thousands of new jobs and millions of dollars in additional tax revenue for the City of Taunton.
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Town of Andover

MassDevelopment provided Andover with a market analysis and conceptual plans for the reuse of the Town Yard, a municipally-owned site.
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Town of Littleton

MassDevelopment helped the town figure out how an influx of workers and the build-out of a major corporation would impact the local traffic.
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Town of Orange

MassDevelopment partnered with the civic crowdfunding platform Patronicity to provide a matching grant to the Town of Orange to build a pocket park.
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Village Hill Northampton

MassDevelopment continues to oversee the development of Village Hill Northampton, a 126-acre master-planned community based on New Urbanist principles.
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Gateway Cities

Apollinaire Theatre Company

A grant from MassDevelopment’s TDI Cowork Program helped the Apollinaire Theater Company fit out storefront space, revitalizing Chelsea’s creative economy.
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City of Chicopee

Chicopee officials engaged MassDevelpoment to assist in the redevelopment of the abandoned Facemate and Uniroyal sites.
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City of Holyoke

Aegis Energy Services, a local manufacturer, will expand its operations on the rehabilitated site of a former paper factory in Holyoke.
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Northeast Arc

An innovative new café in Peabody’s Transformative Development District is creating jobs for people with physical and intellectual challenges, thanks to a TDI placemaking grant.
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Station Lofts, Brockton

Capstone Communities needed financing to transform a historic industrial building near an MBTA commuter rail stop into residential loft space in downtown Brockton.
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Manufacturing

Berkshire Sterile Manufacturing

The biopharma start-up turned to MassDevelopment for financing to buy and renovate a 116,000-square-foot building in Lee and acquire new drug manufacturing equipment.
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DAHlicious

Yogurt manufacturer DAHlicious was able to move into and equip a 5,000-square-foot facility in Leominster.
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Greentown Labs

With assistance from MassDevelopment, Somerville’s Greentown Labs expanded its ability to create and support relationships between startup companies and local manufacturers.
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Jacqueline’s Gourmet Cookies

Ready to expand, this Salem bakery needed funds to purchase equipment and make improvements.
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Little Leaf Farms

Little Leaf Farms has taken root and is growing in Devens thanks to a $4.5 million loan and Devens land sale.
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N12 Technologies

N12 Technologies produces carbon nanotubes, an advanced material used in aerospace, automobiles, and sporting goods.
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Pro Pel Plastech, Inc.

Providing recycled plastic for plastics manufacturers throughout New England, Pro Pel needed a loan to install a solar panel system on the roof of its manufacturing facility.
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Valley Venture Mentors

A Manufacturing Futures Fund grant allowed a Springfield-based incubator to launch a professional training program for Massachusetts manufacturers.
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