Company Notebook
Berkshire Bank Announces New Teen Checking Product
PITTSFIELD — Berkshire Bank announced a new product, Teen Checking, its newest deposit product designed to promote financial responsibility and teach teens important money basics. As teenagers grow, they need to learn money basics, and that includes managing a checking account. Those skills might be more valuable today than ever before: 36% of college students at four-year institutions noted that overdrafting and managing a bank account are the leading causes of financial stress, according to the 2015 Money Matters on Campus survey by education technology firm EverFi and Higher One, a college financial-services company. Furthermore, 12% indicated they never check their balances because they are too nervous. The Teen Checking product is available to individuals aged 15 to 17 with an adult co-owner and is intended to provide teens the freedom to use their own debit card to make purchases and manage a checking account using online and mobile banking. The account has been tailored to meet the needs of teens, with a specific focus on immediate access. The convenience of account information is made possible through free online banking, e-statements, and mobile banking. In addition, the free debit card has a reduced limit for minors. Berkshire Bank’s website also provides financial-education resource options for teens and parents to explore and discuss. Starting a checking account early for teens is a key way to avoid pitfalls later. “It helps them learn concepts related to money and gives them valuable experience,” said Tami Gunsch, executive vice president, Retail Banking. “Remember that, while your child has watched you swipe a debit card for years, he or she may not fully understand how the transaction works.”
Couple Opens Baseball, Softball Training Facility
WESTFIELD — Dave and Karen Sweeney of Agawam recently purchased the assets of the former Extra Innings Westfield franchise from Nabil and Julie Hannoush of Westfield. On Nov. 1, they opened their own family-run baseball and softball training facility, Players Edge New England, in the same space at 99 Springfield Road, which they will lease from the Hannoushes. Like its predecessor, Players Edge New England will offer batting practice and player development to teams and individual baseball and softball players in the region, and the organization will also offer one-on-one coaching, practice space for the Players Edge Expos—a travelling youth baseball team—and group clinics for teams throughout the year. “We’re as committed to softball as we are to baseball,” said Dave Sweeney, co-owner. The facility is also open to the public daily from noon to 9 p.m., and is available to businesses and corporations as staff meeting, event, and retreat space. Additional hours are available upon request. Sweeney, a longtime entrepreneur and the owner of viz-bang! in Agawam, is excited to partner with his wife, Karen, in a venture that will also include their children, Jake Sweeney, 16, a pitcher and infielder on the Agawam High School varsity baseball team, and Julia, 13, who is active in swimming and music. Players Edge New England will offer tunnel rentals, or batting-cage rentals, for individual practice and player development; one-on-one coaching through the Coaches in Residence Program; practice space for the Players Edge Expos, a youth travelling baseball team that will compete in the NEAAU league this summer; ongoing group clinics for baseball and softball teams in the region; event space for area businesses and corporations; softball and baseball pitching machines for use by the public daily from noon to 9 p.m.; and video- and virtual-based baseball play via a Hit Trax machine.
Webber & Grinnell Employees Assist Area Homeless
NORTHAMPTON — For three weeks in November, employees of Webber & Grinnell Insurance Agency served meals to Friends of the Homeless clients and others in the community who would otherwise go hungry. Friends of the Homeless served more than 156,000 meals last year, he noted, and people suffering from mental illness or substance-abuse problems are highly visible on area streets and in parks, and of this homeless population, about 20% of are referred to as being chronically homeless. A profound economic transformation that has eliminated manufacturing jobs, coupled with a decline in the availability of low-cost housing, has contributed to the problem.
CJC Development Advisors Opens Office in Westfield
WESTFIELD — CJC Development Advisors, LLC has opened an office at 38 Elm St. in Westfield to support its growing client base in Western Mass. Local businesses that are growing and real-estate developers that are investing in projects have called on CJC Development Advisors to assist with tax incentives, development and permitting issues, and development management. CJC Development’s expertise is in land/real-estate development, construction project management, government relations, community relations, permitting, data, and financial analysis. Founder and Principal Jeffrey Daley has more than 15 years of experience in economic development, real-estate development, construction project management, government relations, and public-private partnership development. He has managed more than $500 million in private and public developments and program administration, and has managed projects ranging from $50,000 to $180 million.
