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January 2017
  
Partners in Innovation

Progress continues on the Springfield Innovation Center (SIC) on Bridge Street. 
 
Construction activity at the SIC is accelerating as we work toward an anticipated opening this coming spring. The SIC is also expanding. Thanks to a grant from the MassMutual Foundation we were able to acquire additional property at 284-286 Bridge Street. The property is the eastern most building of the five buildings that originally made up the historic Trinity Block. This addition to the project will allow DevelopSpringfield to ensure that the building is rehabilitated and operated in a manner consistent with our goals for the SIC and the overall Innovation/TDI District. The additional property will also help meet growing demand for space at the Innovation Center. 

Though work is still on-going, 284-286 Bridge is now fully leased. Tenants include a bio-tech startup and an IT start-up, both of whom are Valley Venture Mentors Alumni. Rehabilitation work at 284-286 Bridge was funded in part through a grant from the Community Foundation of Western Massachusetts (Eugene A. Dexter Charitable Fund administered by Bank of America, Trustee).
6th Celebrate Springfield Annual Dinner Event

Plans are underway for our 6th Celebrate Springfield Annual Dinner Event to be held on Wednesday, March 15, 2017 at the MassMutual Center. This annual celebration of our city helps to support the work of DevelopSpringfield and our initiatives toward revitalization and economic development.

Last year 600 business leaders and community members packed the house to enjoy mingling and music during our reception followed by a sit down dinner, brief program and awards presentations . We will soon be announcing our Partners in Progress h onorees!.

Many thanks to the following sponsors for committing  early to support our work.   Platinum Sponsor : MassMutual Financial Group; Gold Sponsors : Liberty Mutual Insurance, The Republican/El Pueblo Latino; and PeoplesBank; Silver Sponsors : American International College, BusinessWest, CRRC MA Corporation, MassMutual Center, MGM Springfield, and Raymond James; Bronze Sponsors : Berkshire Bank, Columbia Gas of Massachusetts, Springfield Housing Authority, Stevens & Associates, P.C., and Studio One; Community Sponsors : Associated Building Wreckers, HAPHousing, Irene E. & George A. Davis Foundation, and NUVO, a division of Merchants Bank; and Contributors : DIF Design.

Click here for sponsorship and seating information.  We hope to see you there!

Leadership Partner Spotlight
  

The Partnership Investment Program is designed to provide an opportunity for ongoing investment in DevelopSpringfield's work toward the revitalization of Springfield. Leadership Partners have the opportunity to engage at a high level in shaping organizational goals and policies and in developing project strategies to further advance economic development in the City of Springfield.

MassMutual Foundation
  
We are grateful for the very generous support of Massachusetts Mutual Life Insurance Company (MassMutual), our first  Partner to pledge their support at the  Leadership Partner level in our first year of launching the program as well as their continued support through the new MassMutual Foundation. This commitment is coupled with strong support of DevelopSpringfield initiatives.
A growing and exciting new facet of MassMutual's corporate responsibility approach, the MassMutual Foundation - a dedicated corporate foundation established by Massachusetts Mutual Life Insurance Company (MassMutual) -launched earlier this year with a long term goal of providing a total of $100 million through targeted charitable investments over the next five years. 
 
The MassMutual Foundation strives to broaden economic opportunity for America's youth and their families by investing in financial education across the United States and economic development, academic achievement & workforce development locally. The Foundation is a reflection of MassMutual's longstanding dedication to corporate citizenship and its unwavering commitment to the communities in which we conduct business. To learn more about the MassMutual Foundation please  click  here .

To learn more about our Partnership Investment Program and how you can participate, please click here.
DevelopSpringfield's Annual Fall Open House Reception

 

We hosted our annual fall open house reception for our Partners and supporters in November. Many thanks to all who were able to join us and allow us to show off our new office space at 83 Maple Street.

 

A great group of business leaders met to network, learn about DevelopSpringfield projects and enjoy some refreshments before the holiday rush.

Properties Available

90 Carew Street

DevelopSpringfield has assembled a vacant former church property at Dwight and Carew Streets together with several adjacent parcels into a large redevelopment site in close proximity to the growing Mercy and Baystate hospital campuses. Highly visible corner with excellent access to public transit. Ideal for medical office, social service or retail. Available for purchase or lease/ rehab or build-to-suit. This 1.3 acre site is zoned Business A and the current building is 11,680 square feet.  

Click here for additional details on this exciting opportunity to lease or purchase this property.

69 Maple Street

C onverted Carriage House available at the new Lower Maple Business Park. 

Ideal for business office, contractors or live/work space. Walking distance to downtown, courts and MGM. Comes with garage, work/storage space and ample parking.

Space includes 1,500 square feet of second floor office space, cathedral ceilings and full kitchen.

An additional 1,570 square feet in the ground floor provides flexible options for workshop or storage and includes the use of 670 square foot 2 bay garage.

Click here for additional details!

Please forward this newsletter to others in the Springfield community to help spread the news!
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Our mission is to help create conditions that encourage private development, with a bricks-and-mortar focus and always with an eye toward understanding and meeting Springfield's unique and diverse redevelopment needs.