E-Newsletter
An Electronic Publication of the North Central Massachusetts Chamber of Commerce
Inside this edition, you’ll discover the latest Chamber initiatives and success stories from across our region. From economic development projects and upcoming networking events to policy updates and workforce training opportunities, we’re keeping you connected to what matters most for your business and North Central Massachusetts.
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La Corporación de Desarrollo del Norte Central de Massachusetts, el brazo de desarrollo económico de la Cámara de Comercio del Norte Central de Massachusetts, anunció recientemente una nueva oportunidad de financiamiento para proporcionar fondos de bajo o nulo costo a los desarrolladores.
El Fondo Regional de Inversión Empresarial (RBIF, por sus siglas en inglés) es una iniciativa recomendada por el plan de desarrollo económico regional One North Central de la Cámara de Comercio de North Central Massachusetts para fomentar un mayor desarrollo inmobiliario en la región. Los fondos pueden ser utilizados por los desarrolladores para ingeniería, costos blandos, trabajos en el sitio, infraestructura y costos directos para desarrollos específicos en las 26 comunidades que componen la región de North Central.
“Como parte de nuestro plan One North Central, aprendimos que la inversión en desarrollos inmobiliarios nuevos y de construcción desde cero ha sido limitada en la región”, dijo Roy Nascimento, presidente y CEO de North Central Massachusetts Development Corporation. “A través de este nuevo fondo, podemos aunar recursos y coordinar esfuerzos para ayudar a mitigar los costos de los desarrolladores y animarlos a considerar nuestra región para su próximo proyecto”.”
El RBIF difiere de otros programas de préstamos ofrecidos por la North Central Massachusetts Development Corporation. Los préstamos son muy flexibles y están orientados a proyectos inmobiliarios, con plazos de pago flexibles, y pueden utilizarse para cubrir gastos indirectos y otros gastos que tradicionalmente no cubren los prestamistas. Además, a diferencia de otros programas de préstamos, el RBIF puede utilizarse para proyectos de vivienda y las organizaciones sin fines de lucro también son elegibles. Se da prioridad a los proyectos en las comunidades que contribuyen al fondo. Los préstamos del RBIF están destinados a funcionar junto con otros incentivos y financiamiento locales, estatales y federales para fomentar proyectos de desarrollo inmobiliario prioritarios en la región. Se debe proporcionar un apoyo documentado del municipio local para ser elegible.
La financiación inicial de $500,000 fue proporcionada por la ciudad de Fitchburg y la ciudad de Gardner a través de la Ley del Plan de Rescate Estadounidense de 2021, con una aportación de $250,000 por parte de cada una de ellas, además de un financiamiento de contrapartida de $250,000 por parte de la Corporación de Desarrollo del Centro-Norte de Massachusetts. La Corporación de Desarrollo del Centro-Norte de Massachusetts espera conseguir financiamiento adicional con el tiempo para ayudar a hacer crecer el fondo y lograr un mayor impacto en los proyectos.
Un proyecto en la ciudad de Fitchburg fue el primero en recibir financiamiento bajo el programa de préstamos RBIF para un inmueble ubicado en el 332-244 de Main Street, conocido como el Edificio Dickenson. Se otorgó un préstamo de $60,000 al propietario, Christopher Iousa, que se utilizará para reparar una pared exterior con el fin de garantizar la seguridad tanto de la nueva plaza sobre la que sobresale la fachada como de los inquilinos dentro del edificio durante los próximos meses. De no realizarse la reparación, el problema afectaría a un total de aproximadamente 31 empleados, al tiempo que dejaría un edificio en mal estado en el centro de la ciudad. La reparación también abre la posibilidad de un futuro desarrollo de viviendas en los pisos superiores del edificio.
“La ciudad de Fitchburg ya se ha beneficiado de esta oportunidad de financiación única con el trabajo realizado en Main Street”, dijo el alcalde Stephen DiNatale, ciudad de Fitchburg. “Agradecemos a la North Central Massachusetts Development Corporation por su colaboración en este programa, que brindará una oportunidad para que los desarrolladores inviertan en Fitchburg y se alineen con nuestros esfuerzos para reinventar nuestro centro”.”
“Hemos estado trabajando para atraer desarrolladores a nuestro centro y esta nueva oportunidad a través de este nuevo fondo regional mejorará nuestros esfuerzos actuales”, dijo el alcalde Michael Nicholson, de la Ciudad de Gardner. “Con esta nueva herramienta en nuestra caja de herramientas de desarrollo económico, esperamos que los desarrolladores vean a Gardner como un lugar con tremenda oportunidad para crecer y mantener una propiedad”.”
Fitchburg | Cámara de Comercio | Centro-Norte de Massachusetts | Cámara de Comercio del Centro-Norte de Massachusetts | Actualizaciones de la Cámara | Consejo de Manufactura | Actualizaciones de la Cámara | Fondo Regional de Inversión Empresarial
Servicio de Noticias de la Casa del Estado
Autor: Colin A. Young
As Gov. Maura Healey and her team rolled out her plan to move the needle on housing production and ease housing hardships with outside-the-box policies, people looking to buy a home in Massachusetts faced much of the same in October: the thinnest inventory in more than a decade, record high prices and expensive borrowing costs.
There were 3,515 single-family homes sold in Massachusetts last month, down 16.9 percent from October 2022’s 4,228 sales and the fewest number of single-family home sales for any October since 2011, The Warren Group said in its first look at monthly real estate data since Healey filed her policy-heavy $4.1 billion housing bond bill on Oct. 18.
With the options for prospective homebuyers relatively few and far between, the median sale price for a single-family home jumped 10.6 percent year-over-year to $575,140, The Warren Group said. Like September’s $565,000 median sale price, October’s mark set a new all-time high for the month.
“Home sale prices in October climbed to the highest they’ve ever been during this time of year,” Cassidy Norton, associate publisher and media relations director at The Warren Group, said. “Inventory is far below historical norms, and limited choices make it more difficult to find a home. And record high prices paired with rising interest rates make the task of buying a home that much more formidable.”
Through October, there had been 34,515 single-family homes sold in Massachusetts this year. That represents a 23.9 percent decline from the first 10 months of 2022. The year-to-date median sale price is up 3.6 percent from last year, at $570,000, The Warren Group said.
Potential homeowners are running out of options in Massachusetts, the group said in its October analysis. Last month’s 1,562 condominium sales marked a 9.4 percent decrease from a year ago while the median sale price climbed 4.4 percent to $500,000. Year-to-date, condo sales are down 19.7 percent and the median price is up 4.9 percent to $515,500.
“Massachusetts condo prices soared to a record high in October, setting a new benchmark. Condos previous offered a more affordable purchase option; arguably, at just $75,000 less than a single-family home, those times are over,” Norton said.
High interest rates are affecting would-be homebuyers, and potential sellers. With rates as high as they are now, some prospective buyers have to limit their options because it is far more expensive to borrow money than it was two years ago. And people who are locked in at a much lower mortgage rate are less likely to give that up by making their home available for sale.
As of Thursday, the average interest rate on a 30-year fixed-rate mortgage was 7.44 percent APR, according to data compiled by Freddie Mac. A year ago, the average interest rate was 6.61 percent, and two years ago it was 3.10 percent, Freddie Mac said.
Healey and Housing Secretary Ed Augustus have hit the road over the last month to tout the five-year, $4.12 billion housing bond bill that they think will help to ease the housing crunch that threatens the state’s continued development and its competitive standing with other states. In Attleboro last month, Augustus said that 1.6 percent of housing units across Massachusetts were available for sale or rent, calling it the lowest vacancy rate of all 50 states.
“A healthy housing ecosystem should be 4 to 5 percent vacancy rate at any given time, which empowers a consumer to be able to get a rental unit or to make a reasonable offer on purchasing a home,” he said. “How many people here have a family member or experienced themselves or know somebody they’ve worked with who’ve had to make multiple over-asking offers and then still to come away not having the opportunity of homeownership? That is what that low vacancy rate represents to real people.”
He added, “And those people increasingly are saying, ‘Well, I guess that homeownership isn’t an opportunity for me here in Massachusetts. I’m looking elsewhere.’ And the governor was very clear and very specific: We can’t let that happen any longer.”
Healey has tried to attach a level of urgency to her bill (H 4138), suggesting it will be a missed production opportunity if the policies in her bill are not law before the spring construction season gets underway.
But the bill is now in the hands of a Legislature that has struggled to make quick decisions, meet its own deadlines and seldom reaches agreement on anything of consequence without taking it to, and sometimes beyond, the brink. Healey’s housing bill has not moved since it was sent to the Housing Committee on Oct. 18 and the Legislature is in a seven-week stretch of limited activity.
In Attleboro last month, the governor said she needed help from local officials and supporters “to get it done and get it done quickly.”
“Housing construction starts will start in the spring or not, right? So we’ve got to get this going and get this going now,” Healey said.
Chamber of Commerce | North Central Massachusetts | North Central Massachusetts Chamber | Massachusetts Economy | Government Affairs | State House News Service | Healey-Driscoll Administration
Today, Governor Maura Healey and Lieutenant Governor Kim Driscoll announced a historic financial aid expansion that will benefit approximately 25,000 students attending the state’s public community colleges, state universities, and the University of Massachusetts. With close to $62 million in new program funding, the MASSGrant Plus Expansion program will cover tuition, fees, books, and supply costs for Pell Grant-eligible students and reduce out-of-pocket expenses for middle-income students by up to half.
Governor Healey announced the program this morning at Salem State University’s campus, along with Secretary of Education Patrick Tutwiler, Commissioner of Higher Education Noe Ortega, and Chair of the Board of Higher Education Chris Gabrieli. They were joined by Salem State University (SSU) President John D. Keenan; SSU students, faculty and staff; local and statewide elected officials; and public higher education leaders from across the state.
“For so many Massachusetts residents, higher education can be the ticket to their future career and economic stability. Our employers are looking to graduates of Massachusetts’ exceptional public colleges to meet their workforce needs, and those graduates are most likely to stay in Massachusetts. But far too many people are held back from pursuing the education of their choice because of high costs,” said Governor Healey. “This expansion of MASSGrant Plus will open doors for more students to access higher education, which will strengthen our economy as a whole. We’re grateful to our Legislative partners for making this funding available and look forward to our continued collaboration to make Massachusetts more affordable.”
“75 percent of our public higher education graduates stay in Massachusetts – like I did after my time at Salem State. They are our future educators, entrepreneurs, small business owners, and maybe even our future Lieutenant Governor,” said Lieutenant Governor Driscoll. “By making public higher education more affordable, we’re helping to grow the next generation of leaders and talents in our state – the folks who will staying here to work, raise their families and build their futures. That’s why our administration has taken numerous steps, from expanding MASSGrant Plus to making community college free for students 25 and old, to lower costs and increase access to higher education for everyone.”
Not including room and board, MASSGrant Plus Expansion will cover the full cost of tuition and fees for Pell Grant-eligible students, including, for the first time, the federal government determined expected family contribution (EFC) and an additional allowance of up to $1,200 for books and supplies. Middle income students – defined as those whose families earn between $73,000 and $100,000 annually in adjusted gross income — will have their costs for tuition and mandatory instructional fees reduced by up to half of their out-of-pocket expenses. While middle-income students must be enrolled full time to qualify, the expansion will extend MASSGrant Plus financial aid to both full- and part-time Pell Grant-eligible students for the first time.
“I’m thrilled that we’re able to deliver such a big investment and increase aid for nearly 25,000 public higher education students. By expanding access to higher learning, we’re able to connect even more students with the life changing opportunities, high quality educational experiences, and work-based training and skills development that our community colleges, state universities, and UMass offer,” said Secretary of Education Patrick Tutwiler.
“Massachusetts should be the number one state in the country when it comes to upward socioeconomic mobility, and college access is the way to get there,” said Commissioner of Higher Education Noe Ortega. “Any resident seeking an education and career that will bring them higher earnings and improved livelihood deserves our full support on that journey.”
“The Board of Higher Education identified the need for a new strategy on higher education financing, and in 2022 we created and unanimously approved a new framework,” said Board of Higher Education Chair Chris Gabrieli. “The framework’s top priority was to expand state financial aid and make college truly affordable for our lowest income students and less debt burdensome for our moderate-income students. We are excited and grateful that the Healey-Driscoll Administration and the Legislature have chosen to harness a meaningful portion of the Fair Share revenues to this priority, and we are dedicated to working closely with all our campuses to deliver on this new commitment to students.”
“Public higher education opens doors to transformational opportunities,” said Senator Jo Comerford (D-Northampton). “It’s absolutely thrilling to see state investment put to work so beautifully on behalf of our students through the MassGrant Plus Expansion program. Kudos to the Healey-Driscoll Administration for this tenacious work and thank you to Senate President Karen Spilka for leading the Senate’s enduring commitment to breaking down financial barriers to higher education. I am tremendously excited to see how this expanded student assistance will catapult students, and our Commonwealth, forward.”
The program will be retroactive to the start of the fall 2023 semester for currently enrolled students. Students who have already completed the Free Application for Federal Student Aid (FAFSA) for the 2023-2024 academic year will not need to take any further action to benefit from the additional financial aid dollars. Funds for the current semester will be credited to their accounts. Students who may qualify but have not filled out the FAFSA should do so immediately.
“MASSGrant Plus Expansion by the Healey-Driscoll Administration is a game changer for state university students. It is simply historic. I know at Salem State University, 40% of our students are Pell Eligible and hundreds of our students are considered as being from middle income families. This unprecedented investment will allow more of the Commonwealth’s students to pursue their dreams of a college education. It’s a win for them and a win for the future Massachusetts’ workforce,” said John D. Keenan, president of Salem State University and chair of the State Universities Council of Presidents. The Commonwealth’s state universities are incredibly grateful to this Administration for their unwavering leadership in making public higher education more affordable and accessible for all!”
“The Healey-Driscoll administration’s bold expansion of financial aid will open the doors of a world-class UMass education to students across the state and lower the cost for current UMass students,” UMass President Marty Meehan said. “This will accelerate the upward economic mobility of our students, about one-third of whom receive Pell Grants now, and strengthen the Commonwealth’s investment in its talent pipeline, which is critical to sustaining our competitive edge.”
“The 15 community colleges are excited by the opportunities the MASSGrant Plus Expansion will offer to our students,” said James Vander Hooven, president of Mount Wachusett Community College and chair of the Community College Council of Presidents. “We are grateful to the Governor, Lt. Governor Driscoll, and the entire administration for the continued investments in our students.”
MASSGrant Plus Expansion will invest approximately $61.7 million of additional state dollars into public higher education students. The funding for the MASSGrant Plus Expansion will draw on the $84 million delivered for financial aid expansion by Governor Healey and the legislature in the FY24 budget. Remaining funds will be used to support ongoing financial aid policies and to implement Massachusetts’ new tuition equity law, which allows qualifying non-U.S. citizens, namely undocumented students, who have completed high school in Massachusetts to access state financial aid.
This financial aid expansion announcement builds on the Healey-Driscoll administration’s significant investment in higher education earlier this fall, including a $20 million investment in MassReconnect, which made community college free for Commonwealth residents ages 25 and older regardless of income.
“We applaud the Legislature and the Healey Administration for this momentous investment in young people that uses dollars from the Fair Share Amendment and is rightly focused on low- and middle-income students and their families,” said Beth Kontos, president of the American Federation of Teachers Massachusetts. “The expansion of the MASSGrant Plus program will open the doors of Massachusetts public colleges and universities to thousands of deserving students, bettering their lives and strengthening our Commonwealth for the good of all residents.”
“As the president of the union that fought for and won more funding for our public schools through passage of the Fair Share Amendment, I applaud Governor Healey for rolling out the MassGrant Plus Expansion program. This is a major step forward in the fight for educational equity, making it possible for more low-and middle-income students than ever before to seek out, and complete, their higher education degrees right here in the Bay State, which will benefit our economy by keeping our talented young people in Massachusetts. With the overturning of federal affirmative action last June, I’m glad to see our governor taking steps toward achieving debt-free public higher education for all,” said Max Page, President of the Massachusetts Teachers Association.
“This new form of legislation is going to work wonders for students who need the financial assistance. After being told about the student aid program I have hopes that paying for school and getting through my degree will be much simpler,” said Kiana Alexis, a student at Salem State University. “As an independent student who is in their senior year of college, goes to class full time and works to just make ends meet; I have always struggled to have my aid meet my needs. When it comes time to paying for essentials like medicine and groceries and having to pay for course materials out of pocket such as textbooks and access codes, and other varying project materials not covered by the bookstore advance, it begins to add up; especially when federal assistance such as FAFSA, and various aids such as TRIO Support Services on campus, loans and grants can only do so much before other students and I are stuck paying for the rest out of pocket. Hopefully by getting to be a part of this program will take some of the weight off my shoulders of the stress of paying for school.”
“It’s important to expand financial aid so that more students will be able to go to college and fully utilize their time while there not being bogged down by the financial stressors that students with limited or no financial aid face,” said Nicholas Alves, a student at Salem State University.
Chamber of Commerce | North Central Massachusetts | North Central Massachusetts Chamber | Massachusetts Economy | Government Affairs | State House News Service | Healey-Driscoll Administration | Financial Aid Expansion for Massachusetts Public College and University Students
Be part of something meaningful at the North Star Family Services, Inc. Bidding on New Beginnings auction! Bid on incredible items to bring hope to homeless families. Your support creates a significant impact for families in our community.
Thursday July 18 – Monday July 29
6:00 AM – 11:45 PM
North Star Family Services, Inc., 758 Main St, Leominster, MA 01453
Learn more and get involved: https://www.charityauctionstoday.com/bid/8292
Saturday July 13, 2024
12:00 PM – 7:00 PM EDT
Downtown…Gardner City Hall, 95 Pleasant Street, Gardner MA 01440
Admission to this event is FREE!
The Gardner Food Truck Festival is an annual community oriented summer kick off celebration. Now in it’s 7th year, this festival includes a multitude of your favorite food trucks, craft beer, live music and carnival style games. Dozens of area artists and makers will be displaying their wares right downtown by the historic City Hall and Post Office buildings. This year the festival is back and bigger than ever. Bring along a folding chair or spread a picnic blanket and enjoy the afternoon’s festivities.
WooTrucks, the trusted name in food truck booking, is a food truck commissary, commercial kitchen, and base of operations for food trucks, caterers, bakers, and food entrepreneurs located at 67 Main Street, Boylston MA. Our fully permitted and approved facility to prepare food was established to foster a transparent, self-policing community of food trucks and food entrepreneurs practicing only the highest standards of customer service while maintaining strict adherence to health, sanitation and food codes. WooTrucks operates food truck festivals throughout the region and supplies food trucks to corporate clients, private businesses, breweries, academic institutions, city and town governments.
For more information visit – Gardner Food Festival

FREE PRESENTATION & BOOK SALE
“The healing connection between nature and mental health. How hiking can teach us the lessons we need to learn in order to enjoy the journey, achieve our goals, create structure and discipline, slow down our brains, and to keep moving forward, one small step at a time..”
Date: Tuesday, 7/09/2024
Time: 6:30pm – 8:30pm EDT
Location: NXT Level Studios
44 Old Princeton Road Suite 101, Fitchburg, MA 01420
Please RSVP Here – NXT Level Studios – So, What’s Your Story
When the workday ends and the lights go down, Custom Cleaning Service of Peabody, Inc. gets to work. “We operate as our clients’ silent partner after business hours,” says Adam Paicos, of Templeton, who now serves as Director of Operations and oversees the company’s expansion into North Central MA. “We are not often seen, but we ensure facilities are clean, secure, and ready for business each day while serving as the eyes and ears for our clients when they are not on site.”
Discover local business stories through our Inside North Central Massachusetts Podcast series. Listen as Chamber members share their journeys, insights, and contributions to our thriving regional business community.
Looking for your next opportunity? Explore current job openings from employers across North Central Massachusetts on our Jobs Board. Whether you’re starting a new career or making a change, you’ll find a variety of local positions available to help you take the next step.
CapEx Facility Services & Construction · Leominster, MA
TaraVista Behavioral Health Center · Harvard, MA
DRS Power Technology, Inc. · Fitchburg, MA
AIS · Leominster, MA