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Elm Street Urban Renewal Plan receives MassDevelopment funds

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MassDevelopment today announced up to $287,000 in funding for nine projects through its real estate services program. Under this program, the Agency works with municipal officials, planners, local stakeholders, and others across the Commonwealth to provide technical assistance to address site-specific and district-wide economic development challenges. The funds will support a range of projects, from feasibility studies to master planning efforts.

“MassDevelopment’s core mission is to help Massachusetts communities thrive, and we are pleased to provide funding for real estate services to support this work,” said MassDevelopment President and CEO Lauren Liss. “These nine projects will allow municipalities to research the development potential of properties in their downtowns, explore infrastructure solutions, and bring to life the economic development visions of our cities and towns.”

The City of Westfield will use this award to advance the development of a mixed-use building on Elm Street. MassDevelopment will provide the City with test fit and pro forma work for the development of the site.

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Westfield’s large industrial zone, excellent highway/rail/air access, fast track permitting, economic incentive program, proximity to the region’s knowledge corridor of higher learning educational facilities, and highly skilled labor force contribute towards the success of any business.

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