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.

August  1998

August 1998

A merger of the Massachusetts Government Land Bank and Massachusetts Industrial Finance Agency creates MassDevelopment, kicking off a new approach to economic development.

August 1998

August 1998

Gov. Paul Cellucci signs the Brownfields Act into law, enabling MassDevelopment to provide financial incentives for cleaning up and redeveloping contaminated properties.

November 2002

November 2002

In partnership with The Community Builders, MassDevelopment acquires the former Northampton State Hospital and begins redeveloping it into Village Hill Northampton, a 126-acre master-planned community.

May 2005

May 2005

Loaves & Fishes, a nonprofit that provides food to more than 4,000 households each year, agrees to build a new facility in Devens. MassDevelopment sells Loaves & Fishes its new building for the price of one can of peas, and the increased space allows the company to feed more families in need. 

July 2006

July 2006

The Massachusetts State Legislature creates the Cultural Facilities Fund, allowing MassDevelopment to provide grants for capital projects in the arts, humanities and sciences.

May 2007

May 2007

Bristol-Myers Squibb breaks ground on its Devens facility, a state-of-the-art building to create the drugs of the future.

October 2010

October 2010

The Massachusetts Health and Educational Facilities Authority (HEFA) is merged into MassDevelopment, streamlining economic development and financial services into a multifaceted, comprehensive agency that invests in local economies.

March 2011

March 2011

MassDevelopment’s redevelopment of 100 Cambridge Street, a 22-story office tower and residential complex, receives the LEED O&M Silver certification from the U.S. Green Building Council.

June 2012

June 2012

New England Studios breaks ground on a state-of-the-art film and television, studio complex in Devens, further expanding the Commonwealth’s growing reputation for first-rate movie, television and commercial production.

October 2012

October 2012

MassDevelopment and the Taunton Development Corporation, along with local legislators, partner to redevelop the 220-acre site of the former Paul A. Dever State School. The expansion of the Myles Standish Industrial Park attracts successful tenants including Martignetti Companies.

October 2012

October 2012

AMP it up! launches in October 2012 to promote advanced manufacturing careers to students and their adult influencers, creating a pipeline of skilled workers for Massachusetts manufacturers.

December 2013

December 2013

MassDevelopment partners with Georgetown Bank, Saugusbank, and Washington Savings Bank to provide $5.5 million that proved instrumental in helping 20 Cedar Street, LLC build 114 units of housing in Amesbury, Lynn, and Lowell.

March 2014

March 2014

MassDevelopment provides a loan to Night Shift Brewing in Everett, one of the Agency’s first efforts to support the growing local craft beer industry.

June 2016

June 2016

MassDevelopment launches Commonwealth Places, a creative funding mechanism for community-led placemaking projects like art installations, parks, and bike trails.

July 2016

July 2016

The Baker-Polito Administration announces $1.1 million in funding to renovate the Jodrey State Fish Pier, a project that includes a new roof. MassDevelopment maintains the eight-acre seafood processing and fishing boat docking facilities at the fully-occupied site.