Daily News

SPRINGFIELD — Springfield Technical Community College has received $30 million in state funding to move healthcare programs out of an aging building on campus that has outlived its usefulness.

Gov. Charlie Baker announced the award on Wednesday. College officials in December asked the state for the maximum amount of $30 million to vacate Building 20, which houses 18 degree and certificate allied health programs as well as the acclaimed SIMS Medical Center. STCC has secured $11.5 million from other sources for the $41.5 million project.

The award announced by the governor comes from the state Division of Capital Management and Maintenance (DCAMM).

Constructed in 1941, Building 20 is past its useful life and has a history of expensive emergency repairs. The healthcare programs in the School of Health and Patient Simulation educate more than 700 students per semester and employ more than 120 faculty and staff.

“We offer our thanks to Governor Baker, Lieutenant Governor (Karyn) Polito and Education Secretary (James) Peyser for investing in the future of healthcare and workforce development in such an impactful way,” said STCC President John Cook. “This has been a true team effort between the administration, trustees, our legislative delegation and the STCC Foundation.”

The STCC Board of Trustees committed $6 million from the college’s budget to the project. Trustees Chair Marikate Murren said, “We’re thrilled and grateful to Gov. Baker and DCAMM for their support to make this move possible. The relocation of the programs in the School of Health and Patient Simulation will allow STCC to continue to prepare students for healthcare careers. The investment in this project represents an investment in the City of Springfield and the region.”

To best summarize the outlook for the College, Cook said, “I am delighted for our students and faculty as this ensures that STCC stays on the leading edge of healthcare education; the future of STCC is bright.”

Daily News

HADLEY — The 14th Annual Tom Cosenzi Driving for the Cure Charity Golf Tournament will take place Sept. 27 at Twin Hills Country Club in Longmeadow, and will be joined by presenting sponsor, CDK Global.

The 14th Annual Driving for the Cure Charity Golf supports neuro-oncology research in honor of Tom Cosenzi, a successful businessman and father of four who succumbed to brain cancer in 2009 at 52.

Since its inception, this annual golf tournament has raised more than $1.3 million with its partnership with the Jimmy Fund, one of the largest organized golf programs in the U.S. All proceeds support Dr. Patrick Wen and his team of researchers in the Neuro-Oncology Department at Dana Farber Cancer Institute

“My brother Tom and I started this charity golf tournament to honor the legacy of our dad,” said TommyCar co-owner, Carla Cosenzi. “His vision was that no other family would experience the pain that he and his family endured. It was Tom’s wish that his family and friends continue to raise money for Neuro Oncology Research so the burden of Cancer can be eliminated for patients and their families. We’re so thankful to CDK Global for their partnership and we are proud to be able to support the world class research that is ongoing at Dana-Farber.”

The scramble style tournament features a “Tee off against Cancer” shotgun start. Players will enjoy 18 holes of golf at one of the area’s top private golf courses, lunch, on-course activities, an evening cocktail reception with live entertainment, a gourmet dinner, raffle prizes, and silent and live auctions.

For more information on the Tom Cosenzi Driving For The Cure Charity Golf Tournament visit www.TomCosenziDrivingForTheCure.com.

Daily News

SPRINGFIELD — Pathlight, a pioneering organization serving people in Western Mass. with developmental and intellectual disabilities, today named human services leader John Roberson as its new executive director.

Throughout his career, Roberson has designed and implemented programs tailored to meet the needs of vulnerable children and families. He brings an extensive background in leadership and operations for community-based residential programs and a passion for improving the quality of life for individuals with disabilities and special needs.

“On behalf of the board of directors and the entire Pathlight organization, I am pleased to announce that John Roberson is joining us as our new executive director,” said Hank Drapalski, chair of the board. “We feel privileged to have a leader of his experience, character and integrity guiding Pathlight into the future.”

Most recently, Roberson was vice president of Children & Families for the Center for Human Development (CHD), where he was responsible for management of a $25 million annual budget and expansion of services with local, state and federal agencies for a division that provides housing, child development, behavioral health and court guided support services.

Prior to becoming vice president, he served in a variety of capacities including managing two large residential facilities as CHD’s director of Juvenile Justice Programs. Previously, he was a lead treatment supervisor for the Hampden County Sheriff’s Department, where he supervised treatment staff and developed treatment programs for inmates housed in the Pre-Release Center.

“I am honored to be selected as Pathlight’s next Executive Director,” said Roberson. “I am looking forward to working to advance Pathlight’s mission to assist people with intellectual disabilities, developmental disabilities, and autism in reaching their full human potential.”

Roberson is a member of the Child Welfare League of America and the American Correctional Association. He has served as a board member of the Correctional Association of Massachusetts, the Restorative Justice Collaborative of Hampden County, and the Martin Luther King Jr. Charter School of Excellence. He holds an M.S. from Cambridge College in Springfield.

He will assume his responsibilities as Executive Director of Pathlight on May 2.

Daily News

HADLEY — UMassFive College Federal Credit Union (UMassFive) announced the retirement of board member Sam Killings at its 55th Annual Meeting on March 23. New director Jeremiah Bentley was elected to the open position at the virtual event.

Killings is retiring from the UMassFive Board of Directors after serving since 1998. During his tenture, Killings served on the credit union’s Asset and Liability Management Committee, which he chaired for several years, as well as the Human Resources Committee and the Diversity Task Force. He holds a bachelor’s degree in Accounting and 42 years of experience as an internal auditor and assistant controller for Research Accounting at UMass Amherst.

With his retirement, Killings was recently honored with the status of director emeritus, the first person to hold this title at the credit union.

Bentley has been a member of UMassFive since 2015, when he moved to the area after completing his Ph.D. in accounting from Cornell University. He previously

served as a volunteer on the credit union’s Asset and Liability Management Committee. He currently serves as a research foundation director for the Institute of Management Accountants, and in multiple positions with the American Accounting Association. He is also the Richard Dieter & Susan Dieter Faculty Fellow and associate professor at UMass Amherst, where he teaches financial and managerial accounting and examines how accounting systems change the way people think about and report on their performance.

Cover Story

The Next Chapter

Valley Venture Mentors has long had a singular but multi-faceted mission — to promote entrepreneurship in the region and provide various forms of assistance to help business owners take their venture to the next stage. Through a new and broader affiliation with the Western Massachusetts Economic Development Council, the agency has an opportunity to become, in the words of its director, even more of an advocate, a champion, and a “convener” within the region’s broad, and growing, entrepreneurship ecosystem.

VVM Executive Director Hope Ross Gibaldi

VVM Executive Director Hope Ross Gibaldi

As she talked about the new, broader, stronger relationship between Valley Venture Mentors and the Western Massachusetts Economic Development Council (EDC), Hope Ross Gibaldi, VVM’s executive director, used the word ‘opportunity’ early and quite often.

She said the affiliation between the two agencies, or the deeper affiliation, as the case may be, gives VVM access to a larger pool of funding sources, some of them stemming from COVID-relief efforts, and, in general, a stronger platform from which to conduct its many programs — from its weekly ‘community nights’ to its student business accelerator to its entrepreneurial roundtables — and become an even more vital component of the region’s entrepreneurship ecosystem.

“VVM has gone through a lot of evolution and many iterations, and with the course of the pandemic, that has really provided us with a chance to do some reflection,” Ross Gibaldi explained. “I think this new alignment with the EDC really positions VVM to be a convener regionally for the entrepreneurial ecosystem and be an advocate and a champion for entrepreneurship in the Western Mass. region. It’s a tremendous opportunity — for VVM and the region.”

Rick Sullivan, president and CEO of the EDC, agreed. He told BusinessWest that VVM, which will continue to be its own 501(c)(3) nonprofit and rely on many of its traditional funding sources, ranging from area foundations to long-time supporter Berkshire Bank, is now a “program” of the EDC, one that must ultimately pay for itself through fundraising, grants, program fees, and more, while taking full advantage of networking and funding opportunities presented by the EDC.

“Our economy here is really reliant on small and medium-sized businesses, many of which are generationally owned — the ownership is here in Western Massachusetts. And that’s what the future is going to be.”

Sullivan noted that entrepreneurship has always been one of planks, if you will, of the EDC’s platform when it comes to economic development. Elaborating, he said regions like Western Mass. can certainly hope to add all-important jobs by attracting major corporations. But a far more realistic strategy is to grow organically, by encouraging entrepreneurship and providing mentorship and several forms of assistance to companies at various stages of development and maturity.

“Our economy here is really reliant on small and medium-sized businesses, many of which are generationally owned — the ownership is here in Western Massachusetts,” he said. “And that’s what the future is going to be. A Fortune 50 company is not likely to build its headquarters here — our strength is the small-to medium-sized company that stays local, invests local, hires local, uses a supply chain that is also local. Do we all sit and hope that one of these companies that goes through VVM gets really big and stays here? Sure, but that is not the model.”

This explains why the EDC has always maintained a healthy relationship with VVM and why it has now made the agency one of its programs, or affiliates.

Rick Sullivan

Rick Sullivan says that promoting entrepreneurship and supporting the startup community is vital to the Western Mass. economy, which explains the affiliation between VVM and the EDC.

“The founders of VVM did a masterful job of getting it here and recognizing the importance of the startup community and small-business growth and the importance of that to the Western Mass. economy,” Sullivan told BusinessWest. “We’re building off that leadership and vision and bringing in here. And I think it does align perfectly with the EDC, because it [VVM] is really looking to bring all the resources together for a common goal and put everyone under one umbrella. So I’m optimistic about the future of VVM.”

VVM now joins several other affiliates of the EDC, including the Springfield Regional Chamber, the Greater Springfield Convention and Visitors Bureau, the Westmass Area Development Corp., the Springfield Business Improvement District, the Amherst Business Improvement District, Westover Airport, and the East of the River Five Town Chamber of Commerce.

The new affiliation agreement provides a good opportunity (there’s that word again) to revisit the mission of VVM, which has entered another intriguing chapter in its history, and how it will carry that mission out.

Indeed, the stronger relationship with the EDC comes as the agency continues what Ross Gibaldi, who joined the agency two years ago and has grown into her current role, described as an evolutionary process, one impacted in many ways by the pandemic, and sometimes in a positive way.

Indeed, programs that were once limited to those who could attend in person are now accessible to anyone who can join via Zoom, which has greatly increased attendance in some cases and brought some new and different voices to the discussions.

“I see VVM stepping in to support a lot of these amazing initiatives that are helping to build that ecosystem.”

Meanwhile, as she noted, the new affiliation provides VVM with an opportunity to create more and stronger partnerships with other agencies in the ecosystem and enable that larger entity to better serve the region and its business community.

For this issue, BusinessWest talked with Ross Gibaldi and Sullivan about not only the new/old affiliation between the EDC and VVM, but also about the business plan moving forward for an agency that has been at the forefront of efforts to promote entrepreneurship and assist businesses as they work to get to that next level — whatever it might be.

 

Getting Down to Business ‘Dolphin tank pitches.’

That’s the very unofficial name given to one of the more intriguing elements of a summer student business-accelerator program VVM operates in conjunction with the Berthiaume Center at UMass Amherst.

And, yes, it’s a derivative of sorts of the popular television show Shark Tank.

Actually, “it’s a softer version of what you see on TV — it’s, well, not as sharky,” Ross Gibaldi told BusinesWest. “We’re lovingly critical … we’re not vicious. It’s not that we don’t want these entrepreneurs to get real feedback, because that’s an important part of building a venture — getting real, honest, transparent feedback from judges and mentors. But you also don’t want to break their spirit, so we’re trying to find a loving way to do it.”

The dolphin tank, even if it’s not really called that, is part of a broad network of programs that VVM conducts or is part of, all aimed at helping those in business or looking to start one clear hurdles and get to the next level. And it is just one example of how the agency is working to refine and strengthen all those roles Ross Gibaldi described earlier — from convener to advocate to champion of entrepreneurs.

Elaborating on these thoughts, Ross Gibaldi said that, as the entrepreneurship ecosystem continues to grow and evolve, VVM looks to play a broader role in forging partnerships with various players, create more awareness of specific initiatives (and the system itself), and bring a more unified, cohesive approach to the mission shared by these agencies.

“We’re all building a unified front for innovation and entrepreneurship across the region, and I think that fits very nicely with the Western Mass. Economic Development Council, and this new alignment puts VVM in a position to support some these ecosystem initiatives that are so drastically needed,” she explained. “But, as organizations and nonprofits that are so strapped, everyone is working with blinders on, which creates silos that people are working in and duplication of efforts. So when we’re able to clearly map out our regional entrepreneurial ecosystem, we can highlight where the gaps are and where we are not serving our entrepreneurs.

“What VVM’s programs will do from there is pull together the stakeholders, be the advocate to figure out how we get funding to support indepth initiatives that can really address the challenges and barriers for our entrepreneurs,” she went on. “I’ve been working very hard over the past few years to strengthen the relationship with other organizations in the entrepreneurial ecosystem, other technical-assistance providers, and all of the others operating in the space supporting entrepreneurs. I see VVM stepping in to support a lot of these amazing initiatives that are helping to build that ecosystem.”

As just one example, she cited the Blueprint Easthampton entrepreneurship program, an regional resource-mapping initiative launched by the city’s mayor, Nicole LaChapelle, to promote innovation, entrepreneurship, and STEM education.

And there are countless others, she noted, adding that they often target specific communities or regions, sectors of the economy, or stages of starting and scaling a business.

Another example would be an initiative called the Western Mass Founders Network, funded by a grant from the Massachusetts Technology Collaborative and launched by the EDC in partnership with other agencies, including Greentown Labs.

The network was designed for companies that are more advanced, are looking for funding, or might already have received funding, said Sullivan, adding that the group meets monthly and hears from speakers on topics chosen by the business owners with the goal of helping them move to the next level.

“There’s also monthly meetings that are happening with resource partners such as SCORE, the Mass. Small Business Development Center, and other organizations that are supporting entrepreneurs,” said Ross Gibaldi, adding that one of her broad goals is to create more awareness of all that is happening within the ecosystem and create more partnerships to better serve the region.

“Supporting a lot of these initiatives and really threading them together to build out and strengthen our regional entrepreneurial ecosystem is one of our priorities.”

“I found that, often, we as organizations are operating in silos and often are unaware of what’s happening with the other agencies,” she explained. “When that happens, we do a disservice to our entrepreneurs because we’re not fully aware of the opportunities in the Valley. And how are we supposed to take advantage of them and encourage our entrepreneurs to take advantage of them if we don’t know about them? So supporting a lot of these initiatives and really threading them together to build out and strengthen our regional entrepreneurial ecosystem is one of our priorities.”

Meanwhile, VVM continues to offer its own broad slate of programs while partnering with other agencies on different initiatives. In that first category are VVM’s community nights, on the second Wednesday of each month. Now back in person after being virtual for two years because of the pandemic, they offer networking, mentoring opportunities, and elevator-pitch presentations. There’s also a weekly roundtable discussion with startup businesses on Tuesday nights, conducted via Zoom.

In that latter category are programs such as RiseUp Springfield, in which VVM partners with the city to provide a six-month program to help small business owners create scale and expand their ventures. There is also the Harold Grinspoon Entrepreneurship Initiative, which involves all 14 area colleges and culminates with an annual spring Celebration of Entrepreneurship Spirit banquet.

There’s also the summer student business-accelerator program, which, because it has been run virtually the past few years, has been able to attract participants from across the country and around the world.

“We’ve found that making the program virtual makes it more accessible to people,” she explained. “Over the past few years, we’ve had people log in from outside the United States, which is really exciting; we’ve had people from Pakistan, France, India, and South Africa, and that’s been an amazing element, to broaden that accessibility for these entrepreneurs.”

And these lessons learned will carry over into the future, she said, adding that many programs will continue to have at least a virtual component to enable that improved accessibility to continue.

 

Venturing Forth

Overall, the new relationship between VVM and the EDC is difficult to put into words or describe with a single word.

In simple terms, it means that VVM now has a better, stronger platform for promoting innovation and entrepreneurship.

Time will tell, but it appears that the new relationship will enable it to take its mission to a different plane while perhaps bringing more continuity and cohesion to the entrepreneurship ecosystem.

As Ross Gibaldi said, it’s a big opportunity for both VVM and the region.

 

George O’Brien can be reached at [email protected]

Banking and Financial Services Special Coverage

The Fed Makes Its Move

 

 

Last month’s federal funds rate hike by the Federal Reserve — the first of what may be several such increases — was long-awaited and welcome in the banking community, while the Fed hopes it begins to produce its intended effect of cooling the economy and slowing inflation. The impact on loans and credit of all kinds will be meaningful, finance leaders say, but the long-term, historical perspective suggests this is still a very good time to borrow.

It’s a move many in the finance world are calling overdue, and in some ways welcome.

After keeping interest rates low through the first two years of the COVID-19 pandemic, the Federal Reserve hiked the federal funds rate by one-quarter of a percentage point on March 16, while also suggesting it might issue up to six more small increases before year’s end.

“We’ve lived with this low-rate environment for the last few years, which has been extremely difficult for banks on the margins,” said Brian Canina, executive vice president and chief of Finance and Shared Services at PeoplesBank. “So this was definitely something we have been waiting for.

“Last year was very interesting because, despite the inflation we were seeing, there was no movement on interest rates,” he added. “These have been interesting times, and hopefully, as the Fed continues to monitor this and increase the rates in the future, it would be nice to see us get back to a more normalized interest-rate environment that we’re more familiar with.”

Jeffrey Sullivan, president and CEO of New Valley Bank, said the Fed’s move was not only expected, but had been announced and much discussed in the marketplace.

“People are saying it’s overdue, and many are saying the Fed should have done it earlier to cool off the economy and keep inflation down a little bit,” he told BusinessWest. “Some people are worried there could be a lot of increases coming down the pike. But if it’s slow and steady, it’s probably not going to be a huge shock to people borrowing money, whether businesses or consumers.”

According to Forbes, the Federal Reserve’s mission is to keep the U.S. economy humming, but not too hot or too cold. So when the economy booms and distortions like inflation and asset bubbles get out of hand, threatening economic stability, the Fed can step in and raise interest rates, cooling down the economy and keeping growth on track.

“We’ve lived with this low-rate environment for the last few years, which has been extremely difficult for banks on the margins. So this was definitely something we have been waiting for.”

“When the Fed raises the federal funds target rate, the goal is to increase the cost of credit throughout the economy. Higher interest rates make loans more expensive for both businesses and consumers, and everyone ends up spending more on interest payments,” the publication notes.

“Those who can’t or don’t want to afford the higher payments postpone projects that involve financing,” Forbes adds. “It simultaneously encourages people to save money to earn higher interest payments. This reduces the supply of money in circulation, which tends to lower inflation and moderate economic activity — a/k/a cool off the economy.”

Because so many other rates in the economy are tied to the funds rate, any increase by the Fed has a direct effect on the interest consumers pay when they carry a credit card balance or take out a loan, and on yields for savings accounts and certificates of deposit, Nerdwallet notes.

“In general, the Fed reduces rates to try to stimulate the economy and raises rates to try to head off inflation,” the site explains, using a mechanism that causes rates on savings accounts, mortgages, and credit cards to rise. “Interest rates have been low for so long that many consumers — Millennials and Gen Z, particularly — haven’t really known a time when borrowing wasn’t cheap and savings vehicles didn’t pay next to nothing.”

Sullivan agreed. “Obviously, they’re paying a little more than they were paying a year or two ago. But by historical standards, when you look at mortgage rates — which have been 6%, 8%, even 20% — it’s not as unbearable.

“Everyone wanted to lock it in when a 30-year mortgage was 2.75%, which was the low point — kind of like saying they wish they’d bought Apple stock early on; everyone wants to time it perfectly,” he went on. “But in the broader context, these are still really low rates compared to what consumers have seen. It shouldn’t slow down the economy tremendously.”

 

 

Gimme Shelter

Mortgages will certainly become more expensive following the Fed’s move — at least, the interest costs. Forbes noted that a $300,000, 30-year, fixed-rate mortgage would add about $185,000 in interest charges with a 3.5% rate, but would add $247,000 — almost double the amount of the original loan — with a 4.5% rate.

“In response to this increase, the family in this example might delay purchasing a home, or opt for one that requires a smaller mortgage, to minimize the size of their monthly payment,” the publication notes.

But NPR notes that rising rates could stop the “runaway train” of higher home prices, which rose nearly 20% in the U.S. last year, on average. With a historic shortage of homes for sale and very low interest rates, bidding wars regularly broke out and drove prices ever higher. Meanwhile, soaring selling prices pulled in more buyers who didn’t want to miss out, which further overheated the market.

Jeff Sullivan

Jeff Sullivan says many in the banking world feel the Fed’s rate increase is long overdue.

“Higher mortgage rates may be helpful in cooling the housing market,” Selma Hepp, an economist with CoreLogic, told NPR. “That may help bring us back more to some level of normality, and in that case we won’t see so much bidding over the asking price.”

Prices aren’t likely to fall right away, Hepp said, but they might rise much less this year, say 3%, and a few years like that could give contractors time to catch up with demand and build more homes.

Canina notes, however, that low inventory is still the main factor driving home prices in Western Mass. So with interest rates increasing, “that’s kind of a double whammy, for lack of a better term.”

Sullivan agreed. “Lack of inventory keeps prices high, no matter what the rates are.”

Ninety percent of homeowners have fixed-rate mortgages, protecting them against rising rates. But most home-equity lines of credit — funds borrowed against the home — have variable rates, which will now go up. Forbes noted that some banks will let borrowers take the money they owe on their line of credit and lock that into a fixed interest rate.

On the other side of the coin, retail banking customers may expect interest rates on savings to rise now as well, but that may happen more slowly.

“These historically low rates on savings products won’t jump higher overnight, but a higher federal funds rate can stimulate competition among banks and credit unions, and consumers may benefit from that,” Nerdwallet notes. “It may be worth looking for a savings account with better rates if your financial institution is slow to respond to a Fed rate increase.”

“If they continue to increase interest rates six or seven times before the end of this year, it’s going to be interesting to see what kind of impact that has on the markets and consumers particularly.”

Canina explained that, from a consumer standpoint, banks have been living with historically low rates, and their margins have been squeezed at the same time the federal government has been putting out trillions in stimulus into the economy. As a result, bank balance sheets have significantly expanded with deposits.

“Banks have so much liquidity on their balance sheets, and if loans slow down, even with rates rising, banks will probably be reluctant to raise [savings] rates,” he noted. “We’ve managed to maintain deposit rates at a higher level than our competitors, and we’ll continue to monitor it to make sure we stay in terms of where we are relative to our competition, but banks are likely not raising rates any time in the near-term future.”

Brian Canina

Even if the Fed decides on multiple hikes this year, Brian Canina says, consumers should realize that interest rates are still low from a historical perspective.

The expectation from consumers is that, once the Fed raises rates, savings interest rates will follow shortly after, Canina added. “In the current environment, that’s very likely not to be the case this time around.”

 

Uncertain Times

Canina noted that the Fed employed a similar rate policy in the wake of the Great Recession, but “this is a little different situation, so coming out of it, I think it will be a little different in terms of how it plays out.”

Specifically, the key factors in the financial crisis of the late oughts were credit and housing issues. “In this one, you have the supply chain. You also have the Great Resignation, and the labor market was heavily impacted. The supply chain has not corrected itself, and we do have some labor-market matters to deal with. If they continue to increase interest rates six or seven times before the end of this year, it’s going to be interesting to see what kind of impact that has on the markets and consumers particularly.”

Canina added that commercial lending at PeoplesBank slowed slightly in 2020 and 2021, and 2022 is expected to be stronger.

“But the rising interest-rate environment has not impacted the commercial side just yet,” he explained. “Commercial rates are based more on competition than the markets. Mortgage pricing is really designated by the government agencies, Freddie Mac and Fannie Mae. So that’s kind of a set market, and mortgage companies price off that.

“When pricing commercial mortgages,” he continued, “you’re pricing to competition, and they’re usually a little slower to react, so right now, we’re seeing lower rates for commercial than residential mortgages, which is a total anomaly, something we don’t see in a normalized interest-rate environment. In the next six to nine months or so, that should straighten itself out. We’re seeing some unusual trends right now.”

Sullivan said gas prices are a larger factor for people right now than interest rates. “They’re staring at gas prices that average $4 a gallon and could be going to $5 a gallon. That’s more of a psychological factor for the average person.”

It’s certainly not the first economic shock of recent years.

“The pandemic definitely shocked the system, creating disruption in the supply chain,” Sullivan said. “That certainly includes building materials, which is one reason why real-estate prices aren’t coming down. And those material costs, the people I talk to say it’ll be another year or two before that starts to correct itself. So that will keep the inflation rate high.

“The Federal Reserve has some tools, but they’re limited tools,” he added. “We’re in such a unique situation with the supply chain being so screwed up. It’ll take awhile.”

As for the other factor weighing on the economy — a persistent worker shortage — “wages are going up, and pressure on wages is going up. Is that bad or good? That depends on what lens you’re looking through. It’s tougher for employers who have to pay that.”

Taking the big picture on what’s happening in the economy, Nerdwallet said the Fed’s recent move — and those to come — aren’t necessarily a bad thing.

“Reducing debt, especially when you’re paying a variable interest rate, will help you in a rising-rate environment. So will increasing your savings and staying focused on your long-term investing strategy, in spite of day-to-day fluctuations in the stock market,” the site notes. “If you manage your money carefully and the economy stays strong, rising rates could be a good thing for your wallet.”

 

Joseph Bednar can be reached at [email protected]

Education Special Coverage

Back to School

Jonathan Scully

Jonathan Scully says Elms College stays engaged with incoming students from acceptance until they arrive on campus.

 

After two years of massive shakeups on college and university campuses — from sending students home in 2020 to building remote and hybrid programs and instituting sweeping safety protocols — admissions officers are seeing an uptick in enthusiasm, and applications, from prospective students, sparking hope that the coming fall will mark a return not only to normalcy, but to healthy enrollment numbers.

By Mark Morris

 

For college enrollment professionals, March and April are the busiest months of the year.

That’s when, after considering thousands of applications, colleges begin reaching out to students who were accepted for the fall semester. April, particularly for four-year institutions, is crunch time, as May 1 is known as National College Decision Day, the deadline for students to submit their acceptance forms and make a deposit.

According to Jonathan Scully, vice president of Enrollment Management and Marketing at Elms College, the job is not done on May 1. He and his staff work with students until they arrive in September.

“When a student has been accepted and they pay their deposit, they’re stoked,” Scully said. “Then they have to wait four months before they come here, so we stay in contact and have events over the summer to make sure that level of engagement stays up.”

There’s plenty of engagement to maintain, as many colleges report that application numbers are hitting new records. In past years, students would typically apply to three or four colleges they hoped to attend. These days, it’s not unusual to see a student apply to 10 or even 15 schools. It’s part of a trend Scully has observed in the last five years.

“With the ability to do everything online, the process has gotten easier,” he said. “As a result, application numbers are hitting astronomical heights.”

He isn’t alone. BusinessWest spoke with several area college-admissions professionals who report that applications are up and admissions are meeting or exceeding expectations. Part of that is a return to some semblance of pre-COVID normalcy. As infection rates have declined, campuses have adopted mask-optional policies, among other shifts, while staying ready to wear them again, if necessary.

Mike Drish

Mike Drish

“They want to live in residence halls, join clubs and organizations in person, eat in dining halls, and cheer on our teams.”

Like every organization, colleges quickly shifted to an online presence early in the pandemic and can now offer courses in person, online, or through a hybrid model, with some coursework offered in person and some online. While remote and virtual options performed well when they were needed, surveys of current and prospective students at UMass Amherst show they still want a residential college experience.

“They want to live in residence halls, join clubs and organizations in person, eat in dining halls, and cheer on our teams,” said Mike Drish, director of First Year Admissions at UMass Amherst.

While students crave the campus experience, they also want more flexibility with the academic part of the experience.

“Students and faculty are looking for more opportunities to blend in-person, online, and hybrid learning,” said Bryan Gross, vice president, Enrollment Management and Marketing at Western New England University (WNE). “They want to know to know more about the technology that exists and how it can enhance learning and outcomes.”

The benefits of this new remote world has brought benefits outside the classroom, said Gina Puc, vice president of Strategic Initiatives at Massachusetts College of Liberal Arts. Now that so many people are comfortable with Zoom, she noted, MCLA’s events can have an impact beyond the campus.

“We’ve been able to host a number of guest speakers and lectures on Zoom and open them to the public,” Puc said. “That has really expanded our audience.”

 

Community Spirit

A common theme admissions professionals discussed with BusinessWest involved “meeting students where they are.” At UMass, Drish said, that can mean expanding access to students from a variety of backgrounds and involving other departments on campus to ensure success for the student.

Meeting students where they are is central to the mission at community colleges. With up to half of their enrollments occurring after July 1, community colleges have a different timetable and different priorities for the application and acceptance process than four-year schools.

Darcey Kemp

Darcey Kemp says STCC has broadened the way it meets student needs over the past two years.

As the pandemic begins to wane, Mark Hudgik, director of Admissions for Holyoke Community College (HCC), said many high-school students graduating in June are fatigued and feeling uncertain about college because of all the disruption in their high-school careers.

“We have conversations with students who question if they are ready for college, if they are prepared enough,” Hudgik said. “Even if they’re not ready to start, we will stay connected with them to help however we can, and when they are ready, we’re here for them.”

Darcey Kemp, vice president of Student Affairs at Springfield Technical Community College (STCC), said maintaining “high-touch” connections with students helps keep them on track whether it’s through flexible course offerings or by supporting non-academic needs.

“We provide non-perishable food items for students who have food insecurity,” Kemp said, noting that, before the pandemic, students could stop by Student Affairs and get what they needed, but since the pandemic, STCC has adjusted the program so students can now call or text and receive a package of food or an envelope with a gift card to a grocery store.

“It’s all part of being responsive and providing support based on what students tell us they need,” she added.

Like many organizations, the STCC website has a ‘chat now’ pop-up screen for student questions. Kemp said what was once a rarely used function has turned into a meaningful way to provide additional services to students.

“Before the pandemic, we might see 200 engagements a month,” she noted. “Now, on busy months, we have upwards of 4,000 unique monthly engagements.”

Since the pandemic, more students are seeking courses to gain entry-level jobs in professions that allow them to work while pursuing higher academic credentials, Hudgik explained. For example, a student may sign up for a non-credit certified nurse aide (CNA) course to get their foot in the door in healthcare and, from there, take courses for practical nursing and eventually registered nursing programs.

Community colleges remain a popular way for students to complete the first two years of an undergraduate degree and transfer those credits to a four-year college or university. In addition to providing great value, pursuing an associate degree can change a person’s life.

“We try to reach students who don’t see themselves as learners,” Hudgik said. “When they come to HCC, we will meet them where they are and help them build the skills they need so they can go on to the schools of their choice.”

Since the pandemic, it’s probably not surprising that several colleges are reporting an increase in student enrollment in healthcare majors.

“Our health science major has seen a 35% increase over the last three years,” Puc said. “It’s become an in-demand major as students become more aware of public health, immunology, epidemiology, and similar subjects.”

Gina Puc

Gina Puc says the move to remote learning during the pandemic has brought long-term benefits, with MCLA continuing to expand its geographic reach, and its audience, with its events.

While pharmacy programs at WNE have long been popular, students can now pursue a master’s degree in pharmacogenomics.

“This area of study looks at how a person’s genetic makeup can affect their response to therapeutic drugs,” Gross explained. “Graduates in this degree can go into genetic counseling, traditional pharmacy, as well as areas of research or teaching.”

Another new major influenced by current events involves bachelor’s- and master’s-level courses devoted to construction management. Gross said these offerings are the result of the federal infrastructure bill passed last year.

“We’ve had lots of interest in this subject from freshman on campus, as well as our community-college partners,” he noted. “We’re finding more people want to acquire the necessary skills to be part of the infrastructure movement.”

Gross described WNE as a “new traditional” university that prepares learners and earners for the future of work. “That message has resonated with families, to know we put a lot of value on the traditional campus environment while also focusing on work, jobs, and outcomes.”

“Even if they’re not ready to start, we will stay connected with them to help however we can, and when they are ready, we’re here for them.”

He added that the recent U.S. News and World Report ranking of top colleges showed that WNE graduates had a higher starting salary than 52 of the top 100 universities on the list.

 

Welcome Mat

Colleges have already begun holding events to welcome new students accepted for the fall semester.

“We’re excited that we can now have these events in person,” Puc said. “We usually hold them on Saturdays with faculty there as well. It’s a great way for students to meet other students and become more acquainted with the MCLA community.”

This past fall, when Omicron numbers were trending up, Scully had to cancel the open-house events for prospective students he would normally host. For small colleges like Elms, in-person events are essential.

Mark Hudgik

Mark Hudgik says HCC tries to reach students who don’t see themselves as learners, one of the important qualities community colleges bring to the table.

“On paper, there are so many small liberal-arts colleges, students need a way to find out what makes us different,” he said.

There are occasions when a student will complete the application and acceptance process, send in their deposit, and have their plans change before September. Scully referred to this as the “summer melt.” Drish noted that, even when someone’s plans change, he doesn’t worry. “We have students on the waitlist we can contact who will be excited to say ‘yes.’”

After the pandemic, making a few changes is the easy part. Hudgik discussed what a new normal might look like.

“I’m optimistic that we will emerge to a place where folks understand what it means to plan for the uncertain,” he said, adding that he hopes issues like childcare, remote schooling, and job uncertainty will begin to lessen so students can put a renewed focus on their academic careers.

Gross agrees that COVID has provided a real education. “We’ve learned a lot about collaborating, how to be agile, how to respond to environmental circumstances, as well as responding to the needs of our students,” he said.

For the next several months, admissions professionals will stay plenty busy making sure the next class of students settle into their colleges and universities.

“The day when students return to campus is my favorite day of the year,” Scully said. “I look forward to the fall when students are here because there’s life on campus again.”

While he enjoys stopping to appreciate the fall campus scene, Scully knows there are plenty of new prospective students out there who need to be contacted.

“Once the fall class is settled, then we rinse and repeat. Our staff hits the road, and we start recruiting again.”

Nonprofit Management Special Coverage

Growth Is on the Menu

 

A rendering of the future Chicopee home of the Food Bank of Western Massachusetts, set to open in 2023.

A rendering of the future Chicopee home of the Food Bank of Western Massachusetts, set to open in 2023.

While it manages an impressive flow of food from numerous sources to the people who need it most, in recent years, the Food Bank of Western Massachusetts has been doing that job in a space that’s not sufficient for the work. That will change with the opening, in 2023, of a new headquarters in Chicopee that will more than double the organization’s space and allow it to serve more people with more food and more nutrition and educations — in effect, expanding the menu of what’s possible at a time when the need is great.

 

The Food Bank of Western Massachusetts was launched in a Hadley barn 40 years ago. Four years later, it relocated to its current facility in Hatfield.

Today, as one of four regional food banks in Massachusetts, the organization provides food to 172 food pantries, meal sites, and shelters in Berkshire, Franklin, Hampden, and Hampshire counties. Its food sources include the state and federal government, local farms — including two of its own  — retail and wholesale food businesses, community organizations, and individual donations.

The organization also provides other forms of food assistance, such as nutrition workshops, Supplemental Nutrition Assistance Program (SNAP) enrollment assistance, and education, public-policy advocacy, and engagement around issues of food insecurity.

That’s a lot of food and a lot of people being served, and not enough space to do it all. In fact, the Food Bank has had to turn away about a million pounds of food donations over the past three years, said Andrew Morehouse, its executive director.

The need for a new facility is nothing new, but the reality of one is finally on the near horizon, with a $19 million, 63,000-square-foot facility breaking ground in Chicopee next month and set to open next year, more than doubling the organization’s current 30,000 square feet of space.

Those are gratifying numbers, Morehouse said.

“This is a project we’ve been planning for probably six years, when we realized we were beginning to run out of space here at the facility in Hatfield. So we began the process of figuring out what we needed to do,” he told BusinessWest. “Do we want to expand the facility in Hatfield or purchase or build a second facility in Hampden County? Can we operate two facilities? If we can’t, are we prepared to move to the Springfield area?”

About three years ago, the Food Bank decided to move to Hampden County, for multiple reasons. “One is because it’s right at the crossroads of two major interstates, which facilitates loads of food to and from the Food Bank. We distribute large amounts of food, tens of thousands of pounds of food every day — over a million pounds every month.”

“It’s right at the crossroads of two major interstates, which facilitates loads of food to and from the Food Bank. We distribute large amounts of food, tens of thousands of pounds of food every day — over a million pounds every month.”

In addition, Hampden County boasts the region’s largest concentration of people facing food insecurity. “For that reason as well, we said, ‘we really need to be in Hampden County,’” Morehouse explained. “We’ve been an upper Pioneer Valley organization, even though we serve all four counties, and this affords us the opportunity to raise our visibility in Hampden County.”

More than two years ago, the Food Bank honed in on a building for sale on Carando Drive in Springfield and made an offer to purchase, but backed out after the inspection stage. “So we went back to the drawing board,” he said, and that process eventually brought the nonprofit to a parcel of land at the Chicopee River Business Park owned by Westmass Area Development Corp.

Andrew Morehouse (center) with Big Y CEO Charlie D’Amour (left) and Dennis Duquette, MassMutual Foundation president

Andrew Morehouse (center) with Big Y CEO Charlie D’Amour (left) and Dennis Duquette, MassMutual Foundation president, when they announced pledges of $1.5 million each to the Food Bank’s capital campaign last year.

The space is plentiful — 16.5 acres, 9.5 of which are buildable, the rest protected as wetlands and greenspace. The Dennis Group had begun designing a building well before the land purchase (Thomas Douglas Architects also had a hand in the design), and C.E. Floyd, based in Bedford, will do the construction, with groundbreaking, as noted, likely to happen next month and the new facility expected to open in March or April 2023, with move-in complete by that summer.

“It’s twice the size of our current facility, which gives us the capacity to receive, store, and distribute more healthy food to more people for decades to come,” Morehouse said.

 

Special Deliveries

The Food Bank’s reach is impressive, serving as a clearinghouse of emergency food for all four counties of Western Mass., most distributed to local food pantries, meal sites, and shelters.

“It’s important to note that more than 50% of the food we distribute is perishable foods, like vegetables and frozen meats,” Morehouse noted. “And a lot of the non-perishable food is very healthy grains, pastas, beans, and nutritious canned food items, low in salt and sugar, for people who don’t have time to cook.”

Much of the food the organization collects is purchased, using state and federal funds, from wholesalers, local supermarkets, and three dozen local farms, from which the Food Bank purchased more than a half-million pounds of vegetables last year using state funds; farmers also donate another half-million pounds each year.

“It’s important to note that more than 50% of the food we distribute is perishable foods, like vegetables and frozen meats. And a lot of the non-perishable food is very healthy grains, pastas, beans, and nutritious canned food items, low in salt and sugar, for people who don’t have time to cook.”

“We’ve also increased our own capacity to distribute food directly,” Morehouse said. “Since the late ’80s, we’ve been providing food to seniors in 51 senior centers across all four counties, and we continue to do that. Every month, we send a truck and provide bags of groceries to 6,500 elders — about 16 food items to supplement elders who lived on fixed incomes. And in the last six or seven years, we initiated a mobile food bank where we send a truck once or twice a month to 26 sites in the four counties — 10 in Hampden County — and provide fresh vegetables and other food items to individuals who live in food deserts, neighborhoods that don’t have grocery stores where they can buy healthy food.”

Andrew Morehouse

Andrew Morehouse says moving food — tens of thousands of pounds of it a day — in and out of the Food Bank’s headquarters will be much more efficient in the new facility.

The federal government responded well to suddenly increased food-insecurity needs in the first year of the pandemic, Morehouse noted, but by late 2021, many of those expanded safety-net programs were sunsetting, at the same time inflation was sending food prices soaring. “We believe that will lead to another spike in demand for emergency food.”

He intends for the Food Bank of Western Massachusetts to meet that demand locally.

“This brand-new building is designed to maximize the efficiency of the flow of inventory. Over the last 30 years at our current facility, we’ve been expanding in a very small footprint in any way we can; this new property allows us to maximize efficiency and store more food and move food in and out more quickly and have more bays to receive food and distribute it quickly.”

And because combating hunger requires multiple lines of attack, Morehouse plans to use the additional space for expanded nutrition education programs as well, including a large demonstration kitchen. He also plans to hire more staff.

“We have partnerships with local hospitals and community health centers to address people with food insecurity. We’ll have more staff to help people apply for SNAP benefits and have more community space to accommodate workshops and community events.”

One of the project funding sources, a MassWorks grant to the city of Chicopee for site development, requires the building to have a physical public benefit, Morehouse noted. “So we’ve entered into an easement agreement with the city where our parking lot and community room are available as emergency shelter in the event of a natural disaster.”

Speaking of funding, while the project budget is $19 million, the capital campaign aimed to raise $26.3 million, which includes financing, furniture, fixtures, equipment, legal costs, accounting, and fundraising. Of that, more than $25 million has already been pledged. Large earmarks included $5 million in federal American Rescue Plan Act funds and $1.6 million from Chicopee’s coffers.

“Mayor [John] Vieau has repeatedly said how proud he is that the city of Chicopee will become the hub for food insecurity for the four counties of Western Massachusetts,” Morehouse said.

Other sources of funding include a New Market Tax Credit investment program, which will raise $4.2 million from investors, as well as support from individuals foundations, and businesses, he explained. “Lastly, the Food Bank will invest the proceeds from the same of our current building to the campaign.”

When MassDevelopment issued a $9.5 million tax-exempt bond for the project earlier this month, MassDevelopment President and CEO Dan Rivera noted that “more residents of Western Massachusetts will soon be able to access nutritious food and supportive services with the construction of this bigger, modern Food Bank. MassDevelopment is proud to deliver tax-exempt financing to help the Food Bank of Western Massachusetts fulfill its mission of addressing food insecurity and empowering people to live healthy lives.”

“This is a great project to be a part of,” added Matthew Krokov, first vice president of Commercial Banking at PeoplesBank, which purchased the bond. “The Food Bank plays a vital role in alleviating food insecurities in our region, and this investment in the Food Bank’s future home will help provide better access for individuals in our community.”

 

Food for Thought

The project, like any large construction project these days, has run into supply-chain obstacles that have caused delay and boosted costs, but Morehouse and other stakeholders finally see it coming into focus — and not a moment too soon for an organization that provided 11.6 million meals in 2021, reaching an average of 103,000 individuals per month.

“We are excited the Food Bank of Western Mass. has chosen the Chicopee River Business Park to relocate their operations and headquarters,” Vieau said. “I can think of no better place in terms of access, efficiency, and accessibility than right here in Chicopee, at the crossroads of New England.” u

 

Joseph Bednar can be reached at [email protected]

Community Spotlight Special Coverage

Community Spotlight

By Mark Morris

Andrew Surprise

Andrew Surprise says Palmer has looked into several family-friendly attractions to draw more people to town.

Three years ago, when Ryan McNutt took the job as Palmer’s town manager, he observed that, when people entered town from Mass Pike exit 8 (now exit 63), they encountered a Big Y World Class Market, a McDonald’s, a couple of other businesses, and lots of empty parcels all around them on Thorndike Street.

“You don’t typically see this near a turnpike exit; it’s usually built out with commercial real estate,” he said, adding that town residents — and those passing through — may soon see the landscape change in a meaningful way.

Indeed, McNutt has been working with other town officials and with landowners to take advantage of the considerable opportunities these empty lots present.

“The landowners have met with several national chains, and I can now share that one of the projects will be a Starbucks coffee shop,” he said.

Linda Leduc, the town planner and Economic Development director, is working on finding a retail tenant and a sit-down restaurant to join the planned Starbucks. She said turning these chronically vacant sites on Thorndike Street into vital businesses gives a big boost to Palmer residents.

“Just seeing the cleanup happen on two of the lots we’re developing is getting people excited,” she added.

Far from a scattershot approach, these commercial developments are part of a master plan the town compiled and published at the end of 2020. McNutt said this is the first master plan for Palmer since 1975.

“We had an amazing amount of public input on the plan,” he noted. “When you put the meetings on Zoom, more people show up.”

The plan addresses commercial, residential, and protected open space in Palmer. McNutt said it helps prioritize the “low-hanging fruit” where the town should put its energy now, as well as projects that can be done later. The master plan lists 20 underdeveloped sites in Palmer, 12 of which are in the process of being developed or close to that point.

“Instead of getting off the pike and just driving through, there are going to be lots of opportunities for people to stop and spend money in Palmer,” Leduc said.

 

Right Place, Right Time?

One significant potential development area is known as ‘the hill.’

As drivers exit from the turnpike, they are immediately confronted by a large hill at the end of the exit ramp. On top of the hill are nearly 100 acres of land available for development. The hill was once the proposed site for a casino until voters in Palmer rejected those plans. Recently, the Town Council approved a zone change that made an adjacent 78-acre parcel available for business use and further incentivize a large-scale project for the land.

“We’ve always seen interest in development of the hill,” said McNutt, adding that there is optimism that interest may soon turn into progress and some recognized needs met.

“With the tourism guide, we’re hoping to entice some of the folks who go to Brimfield to check out antique shops, vintage shops, and other boutique retailers in Palmer. The idea is to create a trail, similar to brewery trails.”

One priority residents have shared with him involves bringing another supermarket to Palmer. Big Y has been a stalwart in town for many years and has contributed to various community efforts.

“Big Y is a great company, and they are a great partner, but residents would like to have some other options,” McNutt said. “It’s what I’m hearing the most from people in Palmer.”

Closer to downtown, a recent zone change to the former Converse Middle School has drawn both interest and concern. Andrew Surprise, CEO of the Quaboag Hills Chamber of Commerce, said the more business-friendly zone change has drawn interest from a company that would convert the school to an Esports Arena, where video-game players of all levels could compete against others.

“In the New England area, there’s really nothing like this,” said Surprise. “There are some at colleges like UMass Amherst, but those are geared to students on campus rather than the general public.”

The Esports Arena is one of several ideas to bring family-friendly attractions to Palmer. According to Surprise, the town has looked into a water park, a trampoline park, and other attractions.

Linda Leduc

Linda Leduc says turning chronically vacant sites on Thorndike Street into vital businesses is a development priority.

“I believe the town will do a feasibility study at some point for the Esports idea as there’s still much to do to make sure the residents approve of it or any other proposed use,” he said.

Through a MassDevelopment program know as the Transformative Development Initiative, Surprise is working on other ways to attract businesses to Palmer. The Vacant Downtown Storefront Program is one that may have some promise for the downtown area. “It provides grant funding for a business to renovate a storefront if they plan to open there,” he explained.

Meanwhile, as interest in more retail grows, another aspect of the town’s economy, tourism and hospitality, is poised for a resurgence after two long years of the pandemic.

Indeed, for the past two years, Surprise has held off publishing the chamber’s tourism guide and visitors directory. The pandemic led to frequent changes and cancellations to event schedules, making publishing the guide seem futile.

Businesses are now contacting Surprise because they want to get their names and events out to the public once again. The new guide is scheduled to be complete by early May and available to the crowds attending the Brimfield Antique Flea Market in mid-May.

“With the tourism guide, we’re hoping to entice some of the folks who go to Brimfield to check out antique shops, vintage shops, and other boutique retailers in Palmer,” he said. “The idea is to create a trail, similar to brewery trails.”

Speaking of breweries, Surprise said Palmer and other towns in the chamber are looking to host a brewery in their community.

“Even though there are lots of breweries in the general area, we have our eyes open for anyone who wants to open a brewery to see if we can help them with any incentives,” he noted.

 

Bridges to the Future

To make Palmer more economically viable, the master plan suggests ensuring proper infrastructure is in place. Two main bridges in town, located on Church Street and Main Street, are both in need of replacing. MassDOT closed the Church Street Bridge in 2019 while the Main Street bridge had minor repairs which will keep it safe for vehicular traffic. The town will soon erect a truss bridge to use while a new Church Street bridge is built.

“The state said it will use some of their infrastructure funding to fully replace the Church Street bridge, but that could take up to five years,” McNutt said. “The truss bridge allows us to keep the bridge open to traffic.”

In MassDOT terms, the Main Street bridge is not in imminent danger, but the town does need to replace it in the future. McNutt said the plan right now is to use the truss bridge on Church Street, then move it to Main Street once the permanent Church Street bridge is complete.

With passage of the federal infrastructure bill, McNutt remains optimistic about the proposed east-west rail proposal across Massachusetts. Currently, the state has three alternative configurations for the rail project, with a stop in Palmer included in all three. McNutt said he’s hopeful that remains the case and looks forward to talking with the state once it is ready to proceed.

“Obviously, this would be transformative for Palmer,” he said, adding that a rail stop will serve to make the town an even more attractive option for new retail and hospitality-related businesses.

Nearly two-thirds of housing in Palmer consists of single-family homes, higher than the state and county averages of just below 60%. McNutt said town leaders are working to attract more permanent housing development for the community.

To that end, work will soon begin on a 200-cottage development at Forest Lake. The plan calls for seasonal cottages that will have water and sewer services. McNutt estimates that, when complete, the cottages will add nearly $800,000 to the tax base in Palmer.

On the other side of Forest Lake, the Massachusetts Department of Fish and Game plans to build a new boat launch, parking lot, and ADA-accessible fishing pier so people of all abilities can enjoy the water. McNutt estimates the state project and the cottages are about two years away from completion.

“I feel like we’re finally getting to the point where Palmer is going to see lots of great things happening that residents and visitors will be able to enjoy,” Leduc said.

 

 

Bottom Line

Everywhere he goes in town, McNutt carries a copy of the economic-development chapter of the master plan.

“This way, when someone has a question about what we’re doing, I can show them in the plan how we want to create destination locations for them and for folks who have never been here,” he said.

With the proposed east-west rail and a lower cost of living compared to Eastern Mass., McNutt believes Palmer has the right location at the right time, and can take a meaningful step forward in terms of growth and prosperity.

“We’re going to position Palmer as an attractive place to live,” he said, adding that it can, and hopefully will, also become an attractive place for businesses of all kinds to plant roots.