Learn about the Commonwealth’s temporary Emergency Assistance Intake Center in Devens. More information here.

MassDevelopment

Southbridge Associates, LLC

Southbridge Associates, LLC

Southbridge Associates owns the Southbridge Business Center and needed funds to refurbish a building for a growing tenant, SCHOTT North America. But loan-to-value ratios made securing funds challenging. MassDevelopment recognized the project’s importance to the Town of Southbridge. Using our business and funding expertise, we worked with TD Bank — Southbridge Associates’ existing bank — to provide a $1.5 million loan. The refurbished building will allow SCHOTT North America to expand its presence in Massachusetts. More than 70 jobs will be created, helping advance Southbridge's reputation as a manufacturing hub.