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MassDevelopment fosters community connections to help Worcester overcome unique challenges

By Susan Shalhoub This story appeared in the Special Section: Worcester Emerging, detailing the buzz building around the city. To see the entire section, click here State economic-development agency MassDevelopment – which provides financing solutions such as low-interest loans and tax credits to developers, businesses, nonprofits and communities – has been a major player in Worcester’s urban growth initiatives. Part of the city’s multilayered, collaborative approach involving state, federal and local partners, MassDevelopment offers programs in areas of real estate, financing and more specialized sectors, such as manufacturing. When it comes to these programs, Worcester Chief Development Officer Peter Dunn says the city has taken part in just about all of them.

Grand Street Brownfields Redevelopment FundMassDevelopment Main South CDC

Lot on Green Street vacant for more than 60 years turning to 48 housing units, retail with $258K Brownfields grant

Lot on Grand Street vacant for more than 60 years turning to 48 housing units, retail with $258K Brownfields grant Nicole Shih, Telegram & Gazette © Rick Cinclair/Telegram & Gazette WORCESTER - Construction continues on a formerly vacant lot at 92 Grand Street Wednesday, May 12, 2021. WORCESTER   The Massachusetts Development Finance Agency awarded $257,800 through the Brownfields Redevelopment Fund to the Main South Community Development Corporation (CDC), which is using proceeds to assess and remediate a vacant lot at 92 Grand St. in Worcester’s Main South neighborhood. Main South CDC is building a mixed-use facility at the site, the Grand Street Commons, which will feature 48 units of mixed-income rental housing and ground-floor commercial and retail space.

Pittsfield receives $880,000 grant to develop Site 9 within William Stanley Business Park

Pittsfield receives $880,000 grant to develop Site 9 within William Stanley Business Park
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