MassDevelopment offers a range of financing solutions and programs designed to help Massachusetts manufacturers thrive.
Patriot Armor, an industry leader in glass and polymer lamination, will use the proceeds from a $2.6 million tax-exempt bond issued by MassDevelopment to purchase the building it currently leases in Lee and construct a 7,500-square-foot addition. Berkshire Bank purchased the bond.
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MassDevelopment provided a $225,000 equipment loan – and enhanced the loan with a guarantee – to Fleet Machine Company for a new CNC horizontal machining center that will help increase production.
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MassDevelopment issued an $8.77 million tax-exempt bond to J&V Realty Trust, a related entity of manufacturer Salem Metal, Inc., which will use bond proceeds to purchase an 88,400-square-foot industrial building under construction in Middleton. Salem Metal will move into the new facility and use about 70,000 square feet for its manufacturing activities.
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Explore our wide range of financing tools.
Tax-Exempt Bonds
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Brownfields Redevelopment Fund
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Loans & Guarantees
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Emerging Technology Fund (ETF)
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Export Financing
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TechDollars
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Learn how our real estate experience can benefit your growing company.
Planning & Development
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Technical Assistance
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Site Readiness
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Massachusetts Manufacturing Energy Collaborative (MassMEC)
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Property Assessed Clean Energy (PACE)
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"This MassDevelopment loan helped us buy advanced equipment that will enhance our ability to supply precision components to global technology companies and create high-paying jobs for Massachusetts workers."
Joshua Pregent, Owner
Fleet Machine Company