For Immediate Release - June 13, 2008

Patrick-Murray Administration Announces $825,000 M.O.R.E. Grant

Beacon Cinema Project To Create 46 Jobs To Bolster The Local Economy,

PITTSFIELD- Friday, June 13, 2008 - Lieutenant Governor Murray today announced almost $1.5 million in grant funding for the city of Pittsfield and two local companies. The Beacon Cinema Project has been awarded a $825,000 Massachusetts Opportunity Relocation And Expansion (MORE) Jobs grant, while Hancock Shaker Village and SABIC Innovative Plastics will receive a total of $673,784 in Workforce Training Fund grants to help train 208 employees.

The announcement comes weeks after Governor Patrick laid out his economic 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 and the Workforce Training Fund are two more tool that the administration is using to stimulate economy growth across the state

"I congratulate the city of Pittsfield, the Beacon Cinema Project team, Hancock Shaker Village and SABIC Innovative Plastics on their well-deserved grant awards," said Lieutenant Governor Murray. "These awards exemplify the steps we are taking to help economies in every region of Massachusetts grow and succeed."

The Beacon Cinema project is the final anchor project to the economic and cultural revitalization of downtown Pittsfield. When completed, the project will allow for mixed commercial use including a six screen cinema and retail space. This project will result in a $13 million investment in the Kinnell-Kresge building and will draw close to 250,000 people to downtown Pittsfield annually. The multiplier effect from this MORE Job grant will be substantial as consumers drawn to this area of town will potentially patronize other local business, creating increased economic activity locally. As a direct result, 46 jobs will be created from the MORE jobs program investment with an additional 60+ jobs potentially being created from the additional business growth. This is one of 20 grants that will be awarded in this second round of the MORE Jobs program.

The Workforce Training Fund (WTF), administered by the Department of Workforce Development, under the Executive Office of Labor and Workforce Development, provides business and labor organizations with matching grants of up to $250,000 or more in certain cases to finance incumbent worker training. Workforce training is key to the Administration's comprehensive strategy to help create a culture of opportunity focused on restrained spending and long-and-short-term investment, while preparing for the impacts of a softening economy.

SABIC Innovative Plastics will receive $663,000, one of the Workforce Training Fund's larger awards, to train 195 mid-career and experienced career level employees in leadership, performance, financial management and communications. Hancock Shaker Village will receive $10,784 to train 13 sales associates in basic, intermediate and advanced software and computer technology.

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