MassDevelopment
Celebrating 20 Years

Celebrating 20 Years of Innovation and Growth

Since 1998, MassDevelopment and the communities we serve have had a lot to celebrate. We’ve chosen key moments that mark 20 years of transformative growth.

Follow along on Twitter using #massdev20 and continue to visit this page for additional highlights.

May 2002

May 2002

MassDevelopment awards a brownfields site assessment to The Colonial Theatre in Pittsfield, a national treasure that first opened its doors in 1903. Following a $21 million restoration, the theater re-opened in 2006 and now hosts entertainment year round.

June 2005

June 2005

Working closely with the city of Worcester and various downtown constituencies as part of an inner city revitalization effort, MassDevelopment helps to fund a new Boys & Girls Club with a $5 million tax-exempt bond. The new building replaces the current facility that had stood since 1914.

September 2006

September 2006

MassDevelopment’s development project to turn the former Kerr Mill into a technology-focused business park results in Meditech, a leading software vendor in the health care industry, purchasing the final 12 acres for a new facility bringing 500 jobs to Fall River.

September 2008

September 2008

With a $22.65 million MassDevelopment tax-exempt bond, the New England Conservatory of Music moves forward with repairs and renovations to its four buildings, including Jordan Hall, a national historic landmark.

September 2012

September 2012

MassDevelopment provides a $1.5 million Emerging Technology Fund loan to Fusion Optix in Woburn, a developer of energy-efficient lighting products. The company uses proceeds to expand its operations and inventory needs.

November 2012

November 2012

MassDevelopment begins working with the Belchertown Economic Development Investment Corporation on transforming a former state school into a vibrant, mixed-use neighborhood that includes senior housing, office space, and new business.

May 2014

May 2014

High Point Treatment Center in Brockton, the largest provider of addiction and mental health treatment in Massachusetts, receives $19 million in tax-exempt bonds and an $8 million New Markets Tax Credit allocation for its new facility and the expansion of services throughout the region.

September 2014

September 2014

The Transformative Development Initiative [TDI] debuts to boost revitalization efforts in the Commonwealth’s Gateway Cities. Tools include technical assistance, small business grants, placemaking projects and more.

September 2014

September 2014

MassDevelopment supports the Massachusetts Military Asset and Security Strategy Taskforce (MASS-TF) in the development of a new website and brochure for Westover Airport in Chicopee to attract new commercial business.

April 2016

April 2016

Governor Baker announces the launch of the Massachusetts Innovation Bridge, a partnership between the Commonwealth and The MITRE Corporation to help the federal government connect with leading thinkers and innovative technology.

June 2016

June 2016

MassDevelopment provides a $97,000 TechDollars loan to upgrade computer and telephone systems at the Jeanne Geiger Crisis Center in Newburyport, a nationally recognized leader in the effort to end domestic violence and provide care for victims.

December 2016

December 2016

MassDevelopment issues a $14 million tax-exempt lease on behalf of Baystate Medical Center, a Springfield-based nonprofit health care system that serves western Massachusetts. Lease proceeds help build a cogeneration combined heat and power plant for the hospital’s facilities.

June 2017

June 2017

To help manufacturing companies find critical resources, MAManufacturing.com launches. This one-stop site for Massachusetts manufacturers is a direct connection to all of the resources available to help support and grow their business.

February 2018

February 2018

The Baker-Polito Administration announces a second round of Site Readiness grants to help fund important master planning efforts, environmental permitting and due diligence efforts for 12 sites across the Commonwealth.

April 2018

April 2018

The Devens Regional Shuttle Service, which provides a more convenient and affordable way to commute to Devens, celebrates its one-year anniversary.