For Immediate Release - June 13, 2008

Governor Patrick Announces $2 Million Massachusetts Opportunity Relocation and Expansion Grant

Gloucester Crossing Will Receive Funds to Boost the Local Economy

GLOUCESTER- Friday, June 13, 2008 - Governor Deval Patrick today announced the Gloucester Crossing project in Gloucester will receive a $2 million Massachusetts Opportunity Relocation and Expansion (MORE) jobs grant to create a new roadway, relocate existing utility lines, and improve infrastructures to improve storm water management leading to the creation of 180 new jobs.

"The grants support partnerships between local municipalities and private investors to create new jobs," said Governor Deval Patrick. "I am proud our administration can partner with cities and towns in this way to help both the state and local economies flourish."

The announcement comes after Governor Patrick laid out his economic stimulus plan to create a culture of opportunity focused on restrained spending with immediate and long-term investments, while preparing for the impacts of a softening national economy. The MORE Jobs Program is another tool to help the administration stimulate economy growth across the state.

The proposed infrastructure project will attract private investment for the development of a 195,000 square foot, mixed-use center to include retail and consumer services, a business type hotel, and an assisted living residence. The new road will eliminate the need to use the neighborhood streets and create a new access to the Fuller Elementary School.

Improvements to the storm water management system will mitigate an existing flooding problem. Finally, the relocation of public easements will allow for better access to the easements without entering into a wetland resource area. The project will create 180 new jobs for the area.

"This funding will not only help improve Gloucester's infrastructure, but it will boost the local economy through the expected creation of 180 new jobs. At the federal level, we are also working to create new jobs and opportunities for our families during these tough economic times: whether it is through advancing our Green Jobs initiative, fighting for the extension of unemployment insurance, or strengthening local job retraining programs," said Congressman John F. Tierney.

"We are grateful for the support of the Patrick administration in awarding the MORE Jobs Grant to the city for the Gloucester Crossing project," said Gloucester Mayor Carolyn Kirk. "This investment activity, along with the Annenberg Foundation support of Ocean Alliance's purchase of the Paint Manufactory, is a sign that Gloucester's economic future is bright."

"Having worked diligently with other legislators to secure this funding, jobs will be created, the tax base will be increased and the city of Gloucester will be an even more vibrant community," said Rep. Anthony J. Verga.

"This funding will fuel critical economic development for our regional economy and facilitate the expansion of Gloucester's revenue base for years to come. This is a grant that will make a real difference, right now," said Senator Bruce E. Tarr.