MassWorks Out of Round Awards
Andover - $6,000,000
Andover’s $6 million MassWorks grant will unlock up to $220 million in private investment, through the redevelopment of 146 Dascomb Road into a 660,000-square-foot mixed-use complex, including 200,000 square feet of office space, 150,000 square feet of retail and restaurant space, a 125-room hotel, and up to 225 new housing units. The sewer and traffic improvements will also open future development opportunities at an adjacent 80-acre parcel. Both sites are located in a priority development area.
Greenfield - $7,500,000
Greenfield's $7.5 million MassWorks award funds the construction of a new public parking garage in Greenfield, to support continued mixed-use downtown development and investment in the Town’s Bank Row Urban Renewal Area.
Ludlow Mills Riverwalk - $429,500
Ludlow's $429,500 MassWorks award will improve pedestrian safety and provide historical signage along the Ludlow Mills Riverwalk. The multi-phased Riverwalk project reconnects the community with the Chicopee River for the first time in 160 years by redeveloping the former Ludlow Manufacturing and Sales Company buildings as residential, commercial, and industrial units.
Orange - Innovation Infrastructure - $200,000
MassWorks funding will support the construction of a new public parking area that will enable the Orange Innovation Center to expand. The infrastructure grant will allow the Center to lease space to new tenants and will serve as the primary parking area for a new public fitness trail. The grant will finance design and engineering work, the demolition of two existing buildings, earthwork, paving, drainage, and other activities associated with construction.
Boston - Maker Infrastructure - $3,000,000
The $3 million grant will support the creation of a state-of-the-art facility with workshop space and equipment to address a gap between ideation of new and innovative business concepts by local startup businesses, corporate research and development departments and institutions of higher learning and the development of sustainable commercial operations.
MassDevelopment – Fort Point Channel Economic Development Project - $125,000,000
This investment will support the relocation of the GE headquarters to Boston. The project will unlock new economic development opportunities the Fort Point Channel neighborhood, located within the State Designated Growth District. Land that is currently occupied by a parking lot and two abandoned warehouses will be returned to productive use, generating additional economic activity including the relocation of 200 jobs to, and the creation of 600 new jobs in the Commonwealth.