Company Notebook

Company Notebook

Pride Stores Sold to ArcLight Capital Partners

SPRINGFIELD — Eight months after announcing plans to sell the chain, Pride Stores CEO Bob Bolduc announced a sale to ArcLight Capital Partners. The 31 stores — with several more in development — will keep the Pride name, and the company’s customers and 525 employees will see little change in day-to-day operations, Bolduc told local news outlets, which is one of the reasons ArcLight won out over several other interested parties. In 1976, Bolduc bought a self-serve gas station in Indian Orchard and gradually expanded his business over the years, creating the chain of stores known today as Pride. He also developed a reputation as an industry innovator by marrying the self-service station with another emerging phenomenon, the convenience store. Other innovations would follow; Pride would eventually become the first chain in Western Mass. to put a Dunkin’ Donuts in the stores, and the first to incorporate a Subway. But where the company has really made a name, in recent years, is with its own fresh-food production, supported by the Pride Kitchen, located at the company’s headquarters on Cottage Street in Springfield.

 

TD Bank Center Sold to New Real-estate Partnership

SPRINGFIELD — The 240,000-square-foot, class-A office complex located at 1441 Main St. in Springfield, known as the TD Bank Center, has been sold. The property, located at the corner of Main Street and Harrison Avenue, was sold by an affiliate of TD Bank to a limited-liability company comprised of the principals of Colebrook Realty Services and a company controlled by Jeb Balise, CEO of Balise Auto Group. Terms of the purchase were not disclosed. Originally known as Center Square, the property was developed in the early 1980s by a subsidiary of SIS Bank in a project led by Colebrook CEO Jack Dill. Colebrook has managed and leased the building since its opening in January 1982. Most recently, Colebrook partners Mitch Bolotin and Kevin Morin have had responsibility for leasing and managing TD Bank Center. Balise and Colebrook have worked together for nearly two decades on Balise real-estate projects, represented by Bolotin.

 

 

Western New England University Cited Among Top Online Programs

SPRINGFIELD — In newly released rankings by U.S. News & World Report, Western New England University (WNE) was again recognized among the 2022 Best Online Programs. Among online MBA Programs, WNE made significant gains, jumping 71 places and ranking 153rd (up from 224th in 2021); among Online Graduate Business Programs (Non-MBA), the university ranked 110th (up from 129th in 2021); and among Online Master’s in Engineering Programs, it ranked 79th, up from 104th. The rankings place Western New England University in the top 10 in Massachusetts for accredited online MBA and graduate business programs and in the top three in Massachusetts for accredited master’s in engineering programs. For the 2022 edition, U.S. News & World Report assessed 1,728 online degree programs and ranked 1,646, both all-time highs. Best Online Programs rankings credit schools for long-term investments in designing and scaling their student services, technologies, curricula, and instructor training toward distance learners. The Western New England University College of Engineering continues to be top-ranked in the Online Master’s in Engineering Programs category. For the 2022 Best Online Graduate Engineering Programs rankings, U.S. News ranked ABET-accredited schools using five categories: engagement, faculty credentials, and training; expert opinion, services, and technologies; and student excellence. The College of Engineering offers several full master’s programs online: MS in industrial engineering, MS in engineering management, and MS in electrical engineering. The colleges of Engineering and Business offer a dual-degree master of science in engineering management and an MBA that can be completed entirely online.

 

Holyoke Community College to Introduce Free Child-watch Service

HOLYOKE — Holyoke Community College (HCC) will soon introduce a free, drop-in child-watch program for parents who need safe and affordable supervision for their children while they tend to their college studies. When the Itsy Bitsy Child Watch opens in March, HCC will be just the second community college in the state — and the only one in Western Mass. — to offer a child-watch service for its students. The Itsy Bitsy Child Watch will offer free, short-term care to children 6 weeks to 12 years old, provided their parents sign up in advance and remain inside on the Homestead Avenue campus. Parents will be given a restaurant-style pager to alert them to return if necessary. The pilot phase is being funded through a $100,000 allocation in the 2022 Massachusetts budget secured by state Sen. John Velis. HCC is in the process of hiring an interim director to get the child-watch program up and running. Many of the details still need to be worked out, such as days and hours of operation.

 

Forest Park Zoo Again Honored for Education Programming

SPRINGFIELD — For the second time in six months, the Zoo in Forest Park & Education Center is being recognized for its innovative education programming. Most recently, the zoo received the 2021 Educational Award of Excellence, presented by the Zoological Assoc. of America for its Kids Go Wild programming. Kids Go Wild provides a fun, interactive way for school-aged children to learn about various animal species while exploring diets, habitats, adaptations, daily zoo life, and more through cross-hatched science, literacy, and art lessons. Each lesson also meets state education standards set forth by the Massachusetts Department of Elementary and Secondary Education in at least one or more of the aforementioned disciplines. These lessons were created, developed, and ultimately implemented by the zoo’s director of education, Caroline Cay Adams. The one-on-one, hands-on interactions offered as part of Kids Go Wild bring the typical textbook science lessons right off the page. Kids Go Wild goes beyond single-program learning objectives by encouraging groups to book multiple programs that are implemented over a longer period of time. This ensures that the educator can scaffold lessons to incorporate themes, vocabulary, and topics from previous lesson plans, as well as offer plenty of opportunities for participants to engage with ambassador animals. Examples of lessons include Animal Adaptations; the Food Web; Living Dinosaurs; and Herbivores, Carnivores, and Omnivores. In August 2021, Adams also received the Janet McCoy Excellence in Public Education Award from the American Assoc. of Zookeepers for her work on Kids Go Wild.

 

Berkshire Bank Earns Top Marks in Corporate Equality Index

BOSTON — Berkshire Bank announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Berkshire joins the ranks of more than 840 major U.S. businesses that also earned top marks this year. “We are honored to be recognized by the Human Rights Campaign Foundation,” said Gary Levante, senior vice president, Corporate Responsibility. “Our goal at Berkshire is always to be a shining example of how a purpose-driven organization can be successful while lifting up everyone in our community. Our Pride Employee Resource Group has been steadfast in their work to create a more equitable workplace, and this honor is a testament to their tireless efforts. We hope that this recognition and our culture will inspire more members of our LGBTQIA+ family to join the Berkshire team as customers and employees.”

 

MCLA, Habitat for Humanity Partner to Offer Free Tax Assistance

NORTH ADAMS — Massachusetts College of Liberal Arts (MCLA) and its Department of Business Administration will once again partner with Habitat for Humanity to offer free tax-preparation services to local residents in need through the Volunteer Income Tax Assistance (VITA) program. Habitat for Humanity administers VITA, a program of the IRS, to assist taxpayers with disabilities or limited English-speaking skills, those 60 years of age or older, and individuals who make $57,000 or less per year. MCLA students will be available to complete both basic and advanced returns, including those with itemized deductions. The students who participate in this program undergo a rigorous training, become IRS-certified, and will work under the supervision of MCLA Professor of Accounting Tara Barboza, an enrolled agent with the U.S. Department of the Treasury and a certified public accountant (CPA). In addition to meeting a significant need in Northern Berkshire County, participating in the VITA program is an opportunity for students to gain valuable, hands-on preparation experience. They will earn college credit, and accounting students can use this credit toward the requirements for the CPA exam. Interested individuals should call Habitat for Humanity offices at (413) 442-0002 or (413) 442-3181 to find out if they qualify and schedule an appointment. Hours will be Mondays and Wednesdays from 4 to 8 p.m. in Murdock Hall on the MCLA campus in North Adams. The program will continue through April 13.

 

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