Partnering with banks to grow the local economy

At MassDevelopment, we form key partnerships with banks across the state to deliver creative financing solutions for businesses and organizations across the Commonwealth.

Success Stories

Whalom Luxury Apartments

Fidelity Bank of Leominster partnered with MassDevelopment to provide an $11.5 million loan for the construction of Whalom Luxury Apartments in Lunenberg. The project will consist of five three-story buildings with 120 one- and two-bedroom apartment units, 25 percent of which are designated as affordable.

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Plenus Group, Inc.

Middlesex Savings Bank purchased a $4.6 million tax-exempt industrial development bond that MassDevelopment issued on behalf of Plenus Group, Inc., helping the food manufacturer purchase its current facility in Lowell and finance an addition.

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Atlantis Charter School

The Washington Trust Company of Westerly and BayCoast Bank purchased $24.5 million in bonds that MassDevelopment issued on behalf of the Atlantis Charter School in Fall River for the purchase of a new building that will house classrooms, a gymnasium, administrative offices, and more.

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Products and Services

Financing

Explore our wide range of financing tools.

Tax-Exempt Bonds

Lower cost financing for your clients.

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Brownfields Redevelopment Fund

Environmental site assessment and clean-up.

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Emerging Technology Fund (ETF)

Tech companies looking to expand.

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Loans & Guarantees

Facility and equipment purchases, renovation, construction, and more.

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Loan Participations

Real estate projects and equipment purchases.

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TechDollars

100% financing for technology.

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"Middlesex Savings Bank is proud to work with the team at MassDevelopment. Their product offerings and services can help to make financing more affordable and strengthen the structural integrity of a transaction."

Deborah A. Colony, SVP Commercial Lending

Middlesex Savings Bank