MassDevelopment Opens the Door for Attleboro Business with Funding
July 25, 2011 : Attleboro Patch, by Patricia Resende
Stergis Windows has received more than $1 million in loans from MassDevelopment
Stergis Commercial Realty LLC, the real estate holding company of Stergis Aluminum Products Inc. in Attleboro has received two more than $1.2 million in loans from MassDevelopment, the state’s finance and development agency that helps to stimulate economic growth.
The Walton Street company, which moved its business from Walpole to a new location in Attleboro, received $792,000 from the agency’s general fund and $500,000 from the Brownfields Redevelopment Fund.
“Expansion for our company was essential,” Stergis President, Gus Stergis said. “MassDevelopment saw our previous years of growth in the military anti-terrorism, blast-proof and hurricane products and realized even in a down building economy, their support would help us grow and keep manufacturing in the Commonwealth of Massachusetts.”
Stergis will use the brownfields loan proceeds to clean up the contamination left behind at the location of its new facility, which is the former home of a metal stamping and coin mint business.
Money from MassDevelopment’s general fund will help the company continue its renovation at the new location, which has almost 129,000 square feet of manufacturing space.
“The Brownfields Redevelopment Fund is a proven economic development tool, creating jobs and cleaning up a key site in Attleboro,” MassDevelopment President and CEO Marty Jones said. “MassDevelopment is pleased to back Stergis Aluminum as it expands its manufacturing business and creates nearly 50 jobs in production and inventory.”
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