24:, which merged the Massachusetts Government Land Bank with the Massachusetts Industrial Finance Agency. Both a lender and developer, MassDevelopment works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. Through these collaborations the agency helps create jobs, increase the number of housing units, revitalize urban environments, and address factors limiting economic growth including transportation, energy, and infrastructure deficiencies. MassDevelopment's first president and CEO was
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In addition to its finance and real estate services, MassDevelopment administers several economic development programs on behalf of the
Commonwealth, including the Advanced Manufacturing Futures Program; the Brownfields Redevelopment Fund; the Collaborative Workspace Program; Commonwealth Places, in
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During FY2018, MassDevelopment financed or managed 384 projects generating investment of more than $ 4.1 billion in the
Massachusetts economy. These projects are estimated to create or support about 10,994 jobs and build or rehabilitate 830 housing units. Projects vary in nature and size from real
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MassDevelopment formed in 1998 from a merger of the
Government Land Bank and Massachusetts Industrial Finance Agency. The Massachusetts Health and Educational Facilities Authority was merged into MassDevelopment in 2010, strengthening the depth of offerings for tax-exempt bond financing of capital
28:, from 1993 to 2003, followed by Robert L. Culver from 2004 to 2011, Marty Jones from 2011 to 2017, and Lauren A. Liss, from 2017 through 2020. Since January 2021 the agency has been led by Dan Rivera, who is under appointment until 2026. MassDevelopment is headquartered in
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designed to enhance local public-private engagement and community identity; stimulate an improved quality of life for local residents; and spur increased investment and economic activity. To date, MassDevelopment has established 14 TDI Districts in 13 Gateway Cities:
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MassDevelopment is also a member of the
Massachusetts Military Asset and Security Strategy Task Force, which was created in 2012 to protect and expand missions, jobs, and economic investments at and surrounding Massachusetts’ military installations.
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partnership with
Patronicity; the Emerging Technology Fund; and the Site Readiness Program. Additionally, together with the Massachusetts Cultural Council, MassDevelopment jointly administers the state's Cultural Facilities Fund.
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440:"MassDevelopment Bond Helps Urban Edge Preserve Nearly 100 Units of Affordable Housing in Roxbury"
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565:"Atomic Coffee Roasters Outfits New Production Facility With Help From MassDevelopment Loan"
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515:"UMass Dartmouth Builds 1,210-Bed Residence Hall With MassDevelopment Bond"
540:"Valley Steel Stamp Expands With $ 1.9 Million Bond From MassDevelopment"
765:"Transformative Development Initiative [TDI] | MassDevelopment"
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640:"Commonwealth Places â€" Community Project Funding| MassDevelopment"
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estate and equipment financings to the ongoing redevelopments of
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20:(MassDevelopment) was created in 1998 under Chapter 23G of the
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State departments of economic development in the United States
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In 2018, MassDevelopment celebrated its 20-year anniversary.
332:"Rivera gets long contract extension at MassDevelopment"
239:. Pqasb.pqarchiver.com. October 16, 2003. Archived from
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263:"MassDevelopment Board Names New President & CEO"
740:"Military Asset and Security Strategy Task Force"
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281:"MassDevelopment Names President and CEO"
715:"Massachusetts Cultural Faciilties Fund"
18:Massachusetts Development Finance Agency
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402:. CommonWealth Magazine. July 6, 2011
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615:"Collaborative Workspace Program"
330:Mohl, Bruce (December 9, 2022).
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68:Recent projects and investments
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215:"General Laws: CHAPTER 23G"
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813:Economy of Massachusetts
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690:"Site Readiness Program"
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366:January 24,
191:Springfield
175:New Bedford
110:Springfield
79:Northampton
46:Springfield
807:Categories
201:References
183:Pittsfield
118:Greenfield
106:Somerville
98:Dorchester
61:projects.
38:Fall River
195:Worcester
159:Haverhill
155:Fitchburg
50:Worcester
590:"Grants"
341:July 31,
315:July 31,
290:June 25,
167:Lawrence
147:Brockton
42:Lawrence
179:Peabody
163:Holyoke
151:Chelsea
122:Danvers
102:Roxbury
91:Taunton
56:History
193:, and
187:Revere
108:, and
75:Devens
48:, and
34:Devens
30:Boston
776:2019
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343:2023
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171:Lynn
100:and
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