MassDevelopment

MassDevelopment is hiring Counsel (Real Estate). Are you interested in applying your strong real estate background as well as your problem-solving and collaboration skills to advance economic development in Massachusetts? MassDevelopment is seeking a mission-driven attorney with a minimum of five years of legal experience to join its collaborative in-house counsel team. You will provide timely, top notch, and practical legal advice to stakeholders across the organization with a particular focus on real estate transactions. Learn more and apply beginning April 17: bit.ly/3YOyzKU

MassDevelopment is hiring Counsel (Finance). Are you interested in applying your strong financial services legal background as well as your problem-solving and collaboration skills to advance economic development in Massachusetts? MassDevelopment is looking for a mission-driven attorney with at least five years of relevant legal experience to join its team-oriented and collaborative legal department. In this role, you’ll be the go-to expert providing practical and sound legal counsel to colleagues across various business units, with a focus on finance-related transactions. Learn more and apply beginning April 17: bit.ly/3YOyzKU

Today, MassDevelopment’s Growth Capital Division announced $779,397 in grants from the Biz-M-Power Grant Program to help 62 small businesses in Massachusetts strengthen and grow. Ranging from $2,500-$20,000, the grants will empower businesses to (1) acquire, expand, improve, or lease a facility, (2) purchase or capital lease equipment, or (3) meet other capital needs of the business. Businesses were required to crowdfund via the Patronicity platform in order to receive a matching grant from the program, inviting customers and community members to contribute to the business goal and leveraging the program funding by 2x. bit.ly/4ltowHB Massachusetts Executive Office of Economic Development (EOED)

Inspiring article by Boston Business Journal on the work of our client, critical care medical transport nonprofit Boston MedFlight! "'When we get the call, we don't know what insurance you have, but we just go and take care of you.'" Read more: bit.ly/3G568EU

Through technical assistance provided by our Site Readiness Program, MassDevelopment helped the City of New Bedford reposition part of the Whaling City Golf Course for development of an advanced manufacturing campus. View the Request for Proposals (RFP) to learn more about this opportunity: bit.ly/3E2cswg

MassDevelopment is grateful for the partnership of Nashoba Valley Chamber of Commerce and the opportunity to participate in their “Breakfast with the Boss” event today. President and CEO Navjeet Bal spoke about our efforts to support economic growth here in Devens and across Massachusetts.

MassDevelopment's Devens Department of Public Works and Recreation is hiring Summer Maintenance and Grounds Staff. Looking to spend your summer outdoors, stay active, and make a real impact on your community? This is the perfect opportunity for someone who enjoys hands-on work, being outside, and supporting community events. Learn more and apply: bit.ly/3YOyzKU

MassDevelopment has issued a $45,220,000 tax-exempt bond on behalf of 127 Amory Street, LLC, an affiliate of The Community Builders, Inc., which will use proceeds to build a six-story, 96-unit affordable multifamily housing development at 127 Amory St. in Boston’s Jamaica Plain neighborhood. This project is part of the larger Amory Street redevelopment that is being completed through a partnership with the Boston Housing Authority, The Community Builders, Urban Edge, and Jamaica Plan Neighborhood Development Corporation. The tax-exempt bond, purchased by Eastern Bank, helped the borrower achieve a lower cost of capital. In addition to the tax-exempt bond, MassDevelopment assisted the Massachusetts Executive Office of Housing and Livable Communities with the approval of federal low-income housing tax credits that will provide approximately $40 million in equity for the project. bit.ly/448Pk9Z Massachusetts Executive Office of Economic Development (EOED) City of Boston

Banks and financial advisors: As the new MassDevelopment: Growth Capital Division, we are continuing to partner with you to optimize your small business clients’ success. Learn more about how we can help: bit.ly/4iRrS5S

🗞️ Via The Lowell Sun, a recent grant from our Transformative Development Initiative (TDI) Equity Investment program is helping Coalition for a Better Acre transform a vacant storefront at 466 Merrimack St. in Lowell’s Acre neighborhood into a dedicated food pantry. Read more: bit.ly/4bWKbUt