MassDevelopment

MassDevelopment is a development finance agency and land bank based in Boston, Massachusetts. As a public agency, it plays a crucial role in stimulating economic growth throughout the state. With a team of 175 employees, MassDevelopment has a proven track record of success, generating over $24.6 million in revenue. MassDevelopment partners with a diverse range of stakeholders, including businesses, nonprofits, banks, and communities, to achieve its goals. Their primary focus is on creating jobs, increasing housing units, revitalizing urban areas, and addressing challenges that hinder economic growth, such as transportation, energy, and infrastructure issues. One of MassDevelopment's key strengths is its ability to finance and manage a wide variety of projects. During Fiscal Year 2023, they financed or managed 545 projects, attracting over $2 billion in investment to the Massachusetts economy. These projects are projected to create or support 10,522 jobs and contribute to the development of 1,583 housing units. For more information about MassDevelopment's initiatives and how to get involved, visit their website at massdevelopment.com.