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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The North Central Massachusetts Development Corporation, the economic development arm of the North Central Massachusetts Chamber of Commerce, recently announced a new funding opportunity to provide low or no-cost funds to developers.
The Regional Business Investment Fund (RBIF) is an initiative recommended by the North Central Massachusetts Chamber of Commerce One North Central regional economic development plan to encourage more real estate development in the region. The funding can be used by developers for engineering, soft costs, site work, infrastructure, and hard costs for specific developments in the 26 communities that make up the North Central region.
“As part of our One North Central plan, we learned that investment in new, ground-up real estate development has been limited in the region,” said Roy Nascimento, President and CEO, North Central Massachusetts Development Corporation. “Through this new fund, we are able to pool resources and coordinate efforts to help mitigate costs for developers to encourage them to look at our region for their next project.”
The RBIF differs from other loan programs offered through the North Central Massachusetts Development Corporation. The loans are very flexible and geared towards real estate projects, with flexible repayment terms, and can be used to cover soft costs and other expenses not traditionally covered by lenders. Also, unlike other loan programs, the RBIF can be used for housing projects and non-profits are also eligible. Projects in the communities that contribute toward the fund are given priority. The RBIF loans are intended to work in conjunction with other local, state, and federal incentives and financing to encourage priority real estate development projects in the region. Documented support from the local municipality must be provided to be eligible.
Initial seed funding of $500,000 was provided by the City of Fitchburg and the City of Gardner through the American Rescue Plan Act of 2021, with each city providing $250,000, as well as matching funding of $250,000 from the North Central Massachusetts Development Corporation. The North Central Massachusetts Development Corporation hopes to secure additional funding over time to help grow the fund and have a larger impact in projects.
A project in the city of Fitchburg was the first to receive funding under the RBIF loan program for a property located at 332-244 Main Street, known as the Dickenson Building. A loan of $60,000 was provided to property owner Christopher Iousa and will be utilized to repair an exterior wall to ensure safety for both the new plaza where the façade overhangs and for the tenants inside of the building over the next few months. Without repair, the issue would impact approximately 31 total employees while also leaving a blighted building in the downtown area. The repair also opens up the building to future housing development on the top floors.
“The city of Fitchburg has already benefited from this unique funding opportunity with the work completed on Main Street,” said Mayor Stephen DiNatale, City of Fitchburg. “We thank the North Central Massachusetts Development Corporation for their partnership in this program, which will provide an opportunity for developers to invest in Fitchburg and align with our efforts to reinvent our downtown.”
“We’ve been working to attract developers to our downtown area and this new opportunity through this new regional fund will enhance our current efforts,” said Mayor Michael Nicholson, City of Gardner. “With this new tool in our economic development toolbox, we hope developers will see Gardner as a place with tremendous opportunity to grow and sustain a property.”
Fitchburg | Chamber of Commerce | North Central Massachusetts | North Central Massachusetts Chamber of Commerce | Chamber Updates | Manufacturing Council | Chamber Updates | Regional Business Investment Fund
Source: State House News Service
Author: 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

“RBT has a long history of supporting organizations who fight against housing insecurity in our area,” said Martin F. Connors, Jr., President & CEO of Rollstone Bank & Trust. “Those who served our country should never have to worry about having a roof over their heads. Rollstone is proud to help MVOC in their efforts to improve the lives of our nation’s heroes.”
MVOC helps over 700 veterans annually. In addition to housing, services include mental health support, veterans benefits, food and clothing assistance, and more.
“MVOC is grateful for the strong relationship we have with Rollstone Bank, who has been a supporter of our efforts for many years,” said Stephanie Marchetti, Executive Director of MVOC. “This donation will help ensure that our housing expansion project gets pushed over the finish line- that we’ll be able to not just construct the property, but furnish apartments for veterans who may come with nothing.”
Pictured left to right: Cathy Stallings McWilliams, President and MVOC Founder; Stephanie Marchetti, Executive Director of MVOC; Martin F. Connors, Jr., President & CEO of Rollstone Bank & Trust.
Nearly $900,000 in Funding Supports Organizations Across Central Massachusetts Region
The Health Foundation of Central Massachusetts announced it has awarded eight grants totaling $890,455 through its Activation Fund program to support a wide range of organizations serving the region.
The Activation Fund supports organizations in building capacity in sustainable ways as they work to address community-identified health issues. More than 85% of the 2024 Activation Fund grantees had not previously received funding from The Health Foundation.
“We received a record number of applications this year, and our application process was refined and streamlined to be more responsive to the needs of community organizations seeking our support,” said Dr. Amie Shei, President and CEO of The Health Foundation of Central Massachusetts. “We are excited to partner with seven organizations receiving grants for the first time as well as one returning grantee in support of their varied projects aimed to help them move to the next level of capacity or effectiveness in improving health in the region.”
The grant awards are as follows:
African Community Education – $125,000 to renovate and better equip the kitchen at its Worcester facility, expanding the organization’s capacity to serve culturally appropriate meals for youth, offer nutrition classes, and provide space for newly arriving Haitian families to prepare meals.
Center of Hope Foundation – $125,000 to modernize bathrooms and plumbing systems in a Southbridge facility housing its day habilitation program, which serves nearly 120 individuals with intellectual and developmental disabilities.
Children’s Advocacy Center of Franklin County and North Quabbin – $86,900 for construction costs associated with establishing an outpatient clinic in Orange, thereby expanding its capacity to provide specialized mental health services for child victims of sexual abuse and their families in the North Quabbin region.
Choices Inc. – $80,250 to purchase a 15-passenger van, equipment and supplies for the organization’s Early Diversion Worcester program, a comprehensive system of care that diverts, intervenes and disrupts the school-to-prison pipeline in collaboration with community partners.
Gardner Community Action Committee – $115,000 to renovate and relocate to a 5,800-square-foot facility made available rent-free by the City of Gardner, significantly enhancing the organization’s capacity to provide food distribution, emergency assistance and other services for those in need throughout the Greater Gardner community.
Growing Places – $109,041 for development of a customized IT solution integrating disparate platforms and new software for inventory management to enhance efficiency, expand service capacity and better support local food consumers, institutional buyers and small farmers in North Central Massachusetts.
Quinsigamond Community College – $124,254 to replace six outdated dental chairs and equipment stations at its Worcester-based dental clinic, which trains an average of 40 dental hygiene students and 20 dental assistant students annually and provides free or deeply discounted oral health care to vulnerable Worcester County populations.
Worcester RISE for Health – $125,000 to build out and equip clinical space and implement an electronic medical record system for the organization to provide maternal child health care services for newly arriving refugees and immigrants in Worcester.

The Fitchburg Parks and Rec Summer Playground Program, supported by a DESE grant, offers a variety of fun and educational activities for children ages 6-12.
United Way of North Central Massachusetts (UWNCM) recently distributed $874,325 in grants to 45 agencies across the community. These funds were allocated through two grant programs aimed at tackling regional challenges and providing after-school and out-of-school time opportunities for local children and youth.
In the 2024-25 cycle, UWNCM’s Community Impact Fund awarded $588,335 to 29 agencies, supporting 37 programs in areas such as Early Education, Youth Development, Basic Needs, Economic Opportunity, and Financial Literacy. This funding, distributed in the third year of a four-year cycle, is expected to benefit over 97,000 households, building on a 32% increase in households served from the previous year.
Pathways for Change, Inc received funds for their Sexual Assault Youth Education (SAYE) Program. Kim L. Dawkins, President & CEO, expressed gratitude, stating, “As Benjamin Franklin said, ‘An ounce of prevention is worth a pound of cure!’ We are incredibly grateful to the United Way of North Central Massachusetts for funding the Sexual Assault Youth Education (SAYE) Program. The goal of the SAYE Program is to raise adolescents’ awareness of the incidence and myths about sexual violence and to have a role in building and expanding the resiliency factors and strengths of communities. By working in positive ways toward shared goals with the community, we can have an impact on the root causes of sexual violence.”
UWNCM also recently distributed $285,990 to 16 agencies through the Department of Elementary and Secondary Education’s (DESE) After School and Out-of-School Time (ASOST) Program. Funds were made available through a $1 million grant awarded by DESE to a regional effort of United Ways located in Central, North Central, and South-Central Massachusetts with the goal of helping after school and out-of-school time programs.
This seventh round of grants will support summer programming, providing diverse experiences from camp to museum visits for youth. In total, UWNCM has distributed nearly $1.6 million in DESE grants to local non-profit organizations, public school systems and towns and municipalities, with an additional round to come.
The City of Fitchburg received a DESE grant to support their Summer Playground Program. James Bunnell, Director of Parks and Recreation for the City of Fitchburg, says, “The city of Fitchburg Parks and Recreation department is thrilled to be working with the United Way of North Central Massachusetts and the DESE summer grant opportunity for the second year in a row. The summer playground program allows children to attend events and visit various places like the Worcester Bravehearts baseball game, the EcoTarium, and Southwick’s Zoo. Bunnell adds, “We take pride in offering diverse events and opportunities to the community at a nominal or no cost, made possible by the support from the United Way of North Central Massachusetts and DESE.”
“Judy Tomlinson, UWNCM Director of Community Impact, highlighted the significance of the grant programs, saying, ‘These initiatives allow us to empower agencies addressing vital community issues with both tested and novel approaches. Our heartfelt thanks go to our donors, community partners, and volunteers for their unwavering support in offering immediate assistance to those in need and fostering a better future for everyone.”
The United Way of North Central Massachusetts serves the communities of Ashburnham, Ashby, Athol, Ayer, Devens, Fitchburg, Gardner, Groton, Harvard, Hubbardston, Leominster, Littleton, Pepperell, Lunenburg, Petersham, Phillipston, Royalston, Shirley, Templeton, Townsend, Westminster and Winchendon.
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.
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CapEx Facility Services & Construction · Leominster, MA
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