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CHICOPEE — The Polish National Credit Union (PNCU) headquartered in Chicopee, and Premier Source Federal Credit Union (PSFCU), headquartered in East Longmeadow, have signed a definitive merger agreement. PNCU will be the continuing credit union and acquire PSFCU’s 4,526 members and nearly $70 million in assets.

Under the terms of agreement, PSFCU will merge “with and into” PNCU, under the charter, bylaws, and name of The Polish National Credit Union. The PSFCU headquarters will become the East Longmeadow branch of PNCU.

“This is a win-win situation for both PNCU and PSFCU,” said Jim Kelly, CEO of PNCU. “The joining of these two organizations makes sense for several reasons. First, we are able to grow our geographic presence and access for both members. Second, we are able to preserve the credit union culture by combining with a congenial partner, like PSFCU. And third, we are able to take advantage of the enhanced scale to focus on selecting the best systems and processes to benefit the credit union and our members going forward.

“When choosing a merger partner, PSFCU turned to PNCU due to its strong financials, expanded line of products, digital and technological advancements, but most importantly, its commitment to members,” Kelly went on.

This year, PNCU celebrates 100 years of service and has approximately $700 million in assets. Upon completion of the merger, PSFCU members will enjoy full use of PNCU’s seven full-service branches and access to business banking services, investment services, and insurance products.

“Since 1941, Premier Source Federal Credit Union has taken great pride in serving our community and our membership,” said PSFCU CEO Bonnie Raymond. “It is not often you find organizations that support a member-first philosophy and for that reason, it was in PSFCU’s best interest to merge with PNCU. We are confident this will be a seamless transition and look forward to the many opportunities this merger will provide to our community and our members,”

Having negotiated a definitive merger agreement, both credit unions will now seek regulatory approval from the Mass. Division of Banks, National Credit Union Administration, the Mass. Credit Union Share Insurance Corp., and approval from their memberships. The merger is expected to be completed in the spring of 2022. For further developments, visit www.pncu.com.

Law Special Coverage

Firm Commitment

Peter Shrair

Peter Shrair says the two firms saw “some real synergies” when they started talking.

Springfield-based Cooley Shrair and Hartford-based Halloran Sage have a lot in common, including histories that span more than 75 years and a focus on the broad needs of business clients. But their philosophies and cultures also have a lot in common, as their leaders discovered during discussions that led to Cooley Shrair joining the Halloran Sage family last month. The result, they hope, will be more inclusive service to clients, as well as a more attractive landing spot for the young talent all law firms need to grow.

When asked what Halloran Sage and Cooley Shrair bring to each other’s table, David Shrair had to think back only 15 minutes.

“We’ve got a new, West Hartford-based client who called me and said, ‘I tried to trademark a logo myself, and I got lost. Can you help us?’” said Shrair, a partner at his namesake Springfield firm, which recently joined the much larger, Hartford-based Halloran Sage law group.

“We normally would have referred him to a firm we did business with in Hartford, who did all our intellectual-property work,” Shrair continued. “But I got on the computer and sent out a blast e-mail to partners and counsel at Halloran Sage. Within three minutes, I got one name from five different partners. I’ve connected that partner, he’s got the logo, and we’re working on it.”

In other words, by joining forces with 86-year-old Halloran Sage, an 80-attorney practice whose law expertise in the realm known as transactional business runs deeper in some areas than Cooley Shrair’s, the firm can keep its clients in house for a much wider range of matters, instead of farming them out, he noted.

“We can keep an eye on the case and make sure it’s being handled properly, which is very difficult to do when you’re sending it out to somebody else, and you have no idea whether your client is being taken care of,” said Peter Shrair, another partner with the firm. “If we’re looking at the client’s interest first, then the client gets a much better product.”

That’s one of the ideas behind what both firms aren’t calling a merger or an acquisition, but a joining together of the two entities under the Halloran Sage umbrella.

“We started talking, and we saw some synergies between what we do and what they do. And I had a thought that one plus one could equal three, with a really good group of smart people working together.”

Peter said he started talking informally to Bill McGrath, a partner at Halloran Sage, about such a relationship last year.

“Another lawyer in their office, Sue Scibilia, and I were talking about something else. She said to me, ‘you really should meet Bill McGrath. He’s a good business person and one of the smartest lawyers I’ve ever known.’ And I consider Sue to be one of the smartest lawyers I’ve ever known. So, we started talking, and we saw some synergies between what we do and what they do. And I had a thought that one plus one could equal three, with a really good group of smart people working together.”

Casey O’Connell, another partner at Halloran Sage, agreed.

“This has always been a Connecticut-based firm with a regional focus,” he told BusinessWest. “We’re always looking to find ways to better serve our clients and to provide the best possible legal services that we as a legal firm can provide. So we’re always on the lookout to have talented attorneys with complementary practices and similar philosophies to join our firm.”

David Shrair says the combined firm will be able to keep more clients completely in-house.

David Shrair says the combined firm will be able to keep more clients completely in-house.

After informal discussions turned more specific over several months, he went on, “there were some meetings among people with the firms, and it was determined it would really be a great fit and a way for us to collectively be bigger than we both were separately and, most importantly, to provide additional resources to our client base and Cooley Shrair’s client base to better serve our clients.”

For this issue’s focus on law, BusinessWest sat down with O’Connell and the two Shrairs to talk about why this relationship makes sense, and why both firms feel they — and their business clients — are better off because of it.

 

One-stop Shop

Business clients, after all, are at the heart of both firms’ work. Besides a shared focus on transactional law, which incorporates activities like contracts, finance, construction and real estate, risk management, restructuring and bankruptcies, board governance, intellectual property, and a host of others, Halloran Sage also boasts broad expertise in business litigation.

“That’s a service that we had not been offering for a number of years,” Peter Shrair said. “Even when we offered it, it clearly wasn’t with that depth of people. We had one or two, maybe at one point three people doing litigation, but they might have 30. And depending on the size and complexity of the matter, they have the skill, knowledge base, and depth of people to handle it.”

The firms are similar in other ways — for instance, both have a large banking practice, representing different banks, “so there’s a synergy right there,” David added.

“We collaborate very well across practices,” O’Connell said, “and that is one way where the firms can mutually help each other, with the Cooley Shrair folks bringing a wealth of transactional and business banking knowledge that really strengthens our practice areas. But we also have a very robust litigation practice.

“I would say Halloran is a full-service firm, and our litigation portion of the firm is very large and robust — we’re one of the biggest firms that focuses on litigation in Connecticut,” he went on. “And one of the reasons we have such a long history in Connecticut is our ability to provide clients with essentially one-stop shopping.”

Joining a Connecticut-based firm — Halloran Sage has five offices in the Nutmeg State — also makes sense in that three of Cooley Shrair’s attorneys were already admitted to the Connecticut bar, and the firm has worked with many clients from across the border.

This isn’t the first time Halloran Sage has taken on an established group of attorneys all at once, but most of its growth over the years has been organic, O’Connell said. For instance, it launched a New Haven office with two attorneys in 2012, and has since grown that site to 12 attorneys.

“It was a big success story to build and maintain a presence in that part of the state,” he noted. “We have an office Washington, D.C., but [Springfield] is our first office outside Connecticut with a large presence. This really broadens our reach to become not just a Connecticut firm, but a Southern New England firm.”

Client relationships won’t be disrupted, Peter Shrair said, but may shift over time.

Casey O’Connell

Casey O’Connell

“We collaborate very well across practices, and that is one way where the firms can mutually help each other, with the Cooley Shrair folks bringing a wealth of transactional and business banking knowledge that really strengthens our practice areas.”

“If it’s a more natural fit for someone from Hartford to handle something, they’ll handle it,” he explained, noting, as an example, a litigation case that came in just that morning and was referred to attorneys in Hartford. “We’re looking for whatever is best for the client — if a client can be handled better out of New Haven, we want to handle that out of New Haven. If it can be handled better in Springfield, presumably we’ll handle it in Springfield. “Really, it deals with whose practice area it fits best in.”

 

Business as Usual, Sort Of

For two firms that deal heavily with business clients — at a time when the business world has been rocked by COVID-19 — the past 18 months have gone surprisingly well, Peter noted.

“At least as far as my practice goes, there was very little change,” he said. “In fact, with the advent of Zoom and Microsoft Teams and everything else, it was probably easier because you could get different people online together quickly and have a discussion.”

David Shrair was stranded in Florida in March 2020 when the economy first began to shut down — so his firm shipped him a computer and double-screen monitor.

“I closed one of my largest transactions in years from Florida; I did Planning Board meetings from Florida, just like I was sitting in Springfield or wherever; it mattered not,” he recalled. “It’s interesting — with the shutdown and all the issues that went with it, most of our business clients continued very much along the same vein. They had their own internal problems, but the sales and acquisitions and all that still continued to go on. We have been extremely busy.”

After an initial slowing of work in the pipeline last spring, Halloran Sage’s team adjusted quickly to the pandemic as well, O’Connell said, and business has been strong from the second half of 2020 to the present. The transactional work has been more robust than litigation because court activity slowed to a crawl last year, but overall, business has been brisk, and the firm is on a growth trajectory.

“We’re always looking for new opportunities and ways to serve our clients. That includes having new attorneys come in with different specialties or outlooks or just to grow our bench and have more resources to grow our client base,” he went on. “We’re always looking to figure out how we can modify our firm or business to better serve our clients. That’s what the current combination of Cooley Shrair and Halloran Sage is all about, and certainly where Halloran wants to continue to go, to make sure we’re staying ahead of the curve and in the best position to serve our clients.”

The broader geographic reach will also benefit the combined firm in attracting talent, as attorneys will be able to access opportunities across Connecticut as well as into Massachusetts, and move around as their life circumstances change, Peter Shrair said. And David noted that being part of a much larger organization broadens the partnership track, which can also be a draw for young attorneys to settle in this region.

But in the end, O’Connell said, what the discussions really came down to was a perceived alignment in the firms’ client-first philosophies.

“We went through some internal discussions, not really to create a new philosophy, but to figure out a way to better articulate our firm’s philosophy, and we have determined that our firm’s philosophy is ‘client, firm, self,’ in that order,” he said. “In talking to the Cooley Shrair folks, we found there was a great alignment with how they deliver service, and our philosophies really align, so seemed like a natural fit when we pursued it.”

Peter Shrair agreed. “For 75-plus years, that has always been our mantra — our response time and our response to clients’ needs.”

 

Joseph Bednar can be reached at [email protected]

 

 

Insurance

Expanding the Footprint

Lussier-Dowd’s new office

Lussier-Dowd’s new office at 181 Park Ave. in West Springfield expands the merged company’s footprint to six locations.

The Dowd Agencies and the J. Raymond Lussier Insurance Agency announced last week they have merged their operations and will be known as Lussier-Dowd Insurance.

The merger and addition of a branch in West Springfield expands Dowd’s footprint to six offices located throughout the Pioneer Valley. The new office, located at 181 Park Ave., is minutes from Routes 5 and 20, and Interstates 91, 291 and 391. An open house will be planned at a later date.

“We’re excited for the Lussier Agency to be part of our team. I have known the Lussier family for many years, and they have always been a highly professional, customer-driven insurance agency,” said John Dowd Jr., president and CEO of the Dowd Agencies. “We are also excited to have a location in the fine town of West Springfield.”

The West Springfield office will be a full-service insurance agency providing personal, commercial, wealth-management, and employee-benefits products and services.

A native of West Springfield, David Griffin Jr., vice president of the Dowd Agencies, said he is excited about his company planting roots in his hometown. “I was born and raised in West Side, so it is particularly exciting for me. More importantly, West Side is a great and vibrant town here in Western Mass.”

The Lussier-Dowd Insurance Agency is open Monday through Friday, from 8 a.m. to 4:30 p.m., and can be reached by calling (413) 737-5359.

A full-service agency, the Dowd Agencies has been helping individuals and businesses in Western Mass. with their personal insurance, commercial insurance, employee benefits, and financial needs for more than 120 years. Established in Holyoke in 1898, the Dowd Agencies is the oldest insurance agency in Massachusetts with operations and management under continuous family ownership.

 

Manufacturing

Taking Flight

Since the announcement last month that defense and aerospace giants Raytheon and United Technologies will merge into one firm based in Eastern Mass., few other details have emerged, and questions remain about the impact on the companies’ workforce, particularly those currently based at UTC’s Connecticut plant. But some see potential growth in the merger, which may bode well for the many Western Mass. machine shops — and their 5,000 employees — that make components for those companies.

Rick Sullivan calls it the “invisible backbone of the economy” in Western Mass.

He refers to precision manufacturing, and he chooses each of those words for a reason. Machine shops — virtually all of them in the small (make that very small) to medium-sized range — exist in almost every community in the four counties of Western Mass.

“Those companies, if we could put them together under one room, it would be a giant company that gets everyone’s attention all the time — national attention. It’s that significant,” said Sullivan, president and CEO of the Western Mass. Economic Development Council.

As for invisible? “These shops each have a real niche and do high-quality work, and you don’t see that impact every single day,” he went on. “But it’s a true center of excellence. It’s important.”

Among the work many of these shops do is supplying components for major companies — like Raytheon and United Technologies Corp. (UTC). And when two companies of that size announce plans to merge, as they did last month, it sends ripples of concern through that often-invisible but critical industry, simply because of the uncertainty it produces.

“Obviously, when anything changes out there, we have to evaluate that change in terms of what it’s going to mean locally,” Sullivan told BusinessWest. “No question, the relationship of Massachusetts manufacturers with both companies is significant.”

The merger — which will create one of the world’s largest defense companies, with combined sales of $74 billion — will close in the first half of 2020 after United Technologies completes the previously planned separation of its Otis and Carrier businesses.

The combined company, to be named Raytheon Technologies Corp., will be a major player in defense research and technology — not that the two companies weren’t already. In announcing the merger, the two giants said they will be able to develop new technologies more quickly, with combined research and development spending of $8 billion annually and more than 60,000 engineers.

In many ways, that’s good news, but there are workforce-related questions, state Sen. Eric Lesser noted the day the merger was announced.

Rick Sullivan says the economic impact of the region’s precision manufacturers is significant, even as it often flies under the public radar.

“The UTC-Raytheon deal means another major corporate HQ is relocating to Massachusetts, which overall for Massachusetts is positive news and will be celebrated in Boston,” he said, while quickly noting that a sizable portion of UTC’s current workforce lives in Greater Springfield.

“A quick drive past the huge parking at UTC’s facility across from Bradley Airport, for example, shows a lot of Massachusetts license plates,” he went on. “I personally know many constituents that work at the UTC facilities in both Windsor Locks and Farmington — engineers, electricians, accountants, salespeople, etc. — almost all very good and well-paying careers with great career paths at a variety of education levels.

“Long term, what will happen to those Western Mass. UTC jobs as a result of this merger?” Lesser asked. “If facilities are relocated to Metro Boston, what will losing those jobs mean for Western Mass.? It won’t be positive. We need good jobs at both ends of Massachusetts, and everywhere in between.”

The fact that Raytheon Technologies will be based near Boston drew a complaint from U.S. Sen. Richard Blumenthal of Connecticut, who said he is concerned about the potential workforce impact on his state. A member of the Senate Armed Services Committee, Blumenthal also urged the Defense Department, the Justice Department, and other agencies to examine the potential impact on costs and competition in the defense industry.

Maintaining the Flow

Then there’s the matter of protecting the flow of work to the region’s small machine shops and their 5,000-plus employees. It’s an area of concern for Kristin Carlson in both her roles — as president of Peerless Precision in Westfield and also of the Western Mass. chapter of the National Tooling and Machining Assoc.

She recently told BusinessWest that business is booming for Peerless and most other local precision manufacturers, and that the region has a reputation across the country and around the world as a precision-machining hub. The industries the sector serves — aerospace, defense, oil and gas, and some commercial sectors — are surging, and a report issued last year by the Precision Manufacturing Regional Alliance Projects suggests that the manufacturing sector statewide will need to fill up to 1,500 jobs this year, due to growth and retirement.

“Obviously, when anything changes out there, we have to evaluate that change in terms of what it’s going to mean locally. No question, the relationship of Massachusetts manufacturers with both companies is significant.”

So there’s a lot at stake when a move of this scale happens — and Carlson hopes the impact is a net positive.

“A lot of the machine shops are already suppliers to Raytheon or UTC,” she said. “From what I can see, this merger presents the opportunity for existing suppliers to those two separate companies to become suppliers to the new company, which can increase opportunities for local machine shops and other manufacturers — which means growth and more jobs.”

As for the move of UTC to Eastern Mass., where Raytheon is already based, Carlson doesn’t expect the company to move its entire workforce, although it hasn’t made those plans clear yet.

“I don’t know what the grand plan is,” she said. “My perspective is, I don’t think they’re going to be moving everyone to Eastern Mass. I anticipate some jobs might get transferred over to the new location, but I don’t think they’ll be shutting down or moving everyone over.”

Kristin Carlson says the Raytheon-UTC merger may present opportunities to increase an already-robust pipeline of work.

Raytheon Technologies intends to focus on hypersonics — vehicles and weapons that can fly faster than the speed of sound — as well as intelligence and surveillance systems, artificial intelligence for commercial aviation, and cybersecurity for connected planes.

Raytheon was founded in 1922 and makes missiles, including the Patriot system, and cybersecurity tools. United Technologies was founded in 1934 and makes products for the aerospace and building sectors, including airplane engines and spacesuits.

“Our two companies have iconic brands that share a long history of innovation, customer focus, and proven execution,” United Technologies Chairman and CEO Greg Hayes noted in a statement last month.

Hayes will become the CEO of Raytheon Technologies. Two years after the merger closes, he will add the title of chairman. Raytheon Chairman and CEO Tom Kennedy will be appointed executive chairman. The company’s board will include eight directors from UTC and seven from Raytheon.

Defense mergers are nothing new in recently years. In 2018 alone, there were eight mergers exceeding $1 billion in value, including an all-stock deal between L3 Technologies and Harris and General Dynamics’ acquisition of CSRA Inc., according to PricewaterhouseCoopers.

Building on Relationships

Still, in Western Mass., much of the focus has come down to jobs, and preserving the working relationships that exist between small machine shops and large players like Raytheon and UTC.

“Those relationships as subcontractors are vital to us,” Sullivan told BusinessWest. “I do think, moving forward, those connections can even be strengthened. In Western Mass., we recognize that we have an economy that goes east-west, but as importantly, and maybe even more importantly, it goes north-south also. We obviously will be watching closely.

“Raytheon is obviously a big player regionally in Western Mass.,” he added. “We need to grow those relationships, and I do think there are opportunities for growth.”

Joseph Bednar can be reached at [email protected]

 

Cover Story

Pivotal Support

India Russell and Lamont Stuckey, makers of Everything Sauce

India Russell and Lamont Stuckey, makers of Everything Sauce

The agency is called SPARK EforAll Holyoke. It represents a merger of SPARK Holyoke, an entity created to inspire and mentor entrepreneurs, and EforAll, the Lowell-based organization that has created an effective model that does essentially the same thing. By whatever name it goes, the agency is helping to spur business ownership among minorities, women, and other constituencies, and it is already changing the landscape in the Paper City.

They call it ‘Everything Sauce.’

That’s the name India Russell and Lamont Stuckey gave to a product that is now the main focus of a business they call Veganish Foodies.

This is a company, but also a mindset and what the partners call a “lifestyle brand for anyone making the change to ‘healthy living.’” Elaborating, they told BusinessWest that veganish foodies are individuals who love food and are ready to explore the more-healthy vegan lifestyle one meal at a time by substituting their favorite foods with healthier alternatives or ingredients.

The Everything Sauce? That’s part of it. It’s something they concocted themselves as a spicy alternative to other things people put on their food and something that may make the healthier foods in a vegetarian or vegan diet more, well, palatable.

“It has an alternative to soy … it has different spices to give you flavor … it has an alternative to sugar in there,” said Stuckey, trying hard not to identify any secret ingredients. “It’s all blended together to give you a sweet heat that makes all kinds of foods taste better.”

As noted, this sauce has become the main focus of this business venture since the partners became involved with a program called SPARK EforAll Holyoke, the latest branch office (if that’s the proper term) of an agency that started in the Lowell-Lawrence area of the state in 2011 and has expanded to a number of small and mid-sized cities, including Holyoke, that share common challenges and demographic profiles (more on that in a bit).

Overall, EforAll, short for Entrepreneurship for All, is an agency that essentially promotes its chosen name, specifically in cities that have large ethnic populations but few resources for individuals with entrepreneurial energy and drive.

Holyoke certainly fits that description, and EforAll became part of the landscape in the city when those managing the agency known as SPARK decided last year to merge with EforAll and fully embrace its model, said David Parker, CEO of the organization.

Tessa Murphy-Romboletti, executive director EforAll, Alex Morse, was encouraged by the progress being made in her hometown, and wanted to play a bigger role in those efforts.

Tessa Murphy-Romboletti, executive director EforAll, Alex Morse, was encouraged by the progress being made in her hometown, and wanted to play a bigger role in those efforts.

Like the better-known Valley Venture Mentors, SPARK EforAll Holyoke features mentoring, accelerator programs, pitch contests, and other forms of programming to help participants take an idea and eventually transform it into a business — while also helping them avoid many of the mistakes that turn businesses into casualties, said Tessa Murphy-Romboletti, the agency’s executive director. But its work generally involves a different constituency.

“The people we’re working with … they’re not necessarily making the next big mobile app or finding a cure for cancer — although they might be,” she explained. “They may just be running a cleaning business, but that’s feeding their families. Being able to work with people who may have never considered themselves entrepreneurs, and being able to show them that they’re able to do that, I think that’s what makes us unique.”

As for Russell and Stuckey, they became part of the accelerator class at SPARK EforAll Holyoke that graduated late last month during ceremonies at Wistariahust Museum, a fitting location because it was the home of William Skinner, one of Holyoke’s most noted and inspirational entrepreneurs.

“The people we’re working with … they’re not necessarily making the next big mobile app or finding a cure for cancer — although they might be. They may just be running a cleaning business, but that’s feeding their families. Being able to work with people who may have never considered themselves entrepreneurs, and being able to show them that they’re able to do that, I think that’s what makes us unique.”

Their mentors helped persuade them that making Everything Sauce shouldn’t be one small aspect of their venture — it should be the main focus. And they followed that advice, securing space in a commercial kitchen (Cornucopia Foods in Northampton) to scale up production, a process that is ongoing; you can now buy a bottle (price tag: $12) at Cornucopia or Crispy’s Wings-N-Fish in Springfield.

“When we came to SPARK EforAll, they really helped us organize ourselves and focus more on our sauce,” Russell explained, adding that the partners had several products and services, ranging from a 40-day cleanse to a seven-day challenge, but their mentors narrowed the company’s focus to something scalable and something it could sell.

In entrepreneurship circles, they call this a pivot, said Murphy-Romboletti, adding that such moves are usually vital to shaping a developing concept into a growing business.

And there was a lot of pivoting going on with the latest accelerator class, she noted, adding that it included eight companies, four of which split $5,000 in prize money to help take their ventures to the next step.

For this issue, BusinessWest talked with the entrepreneurs behind those prize-winning ventures to gain some perspective on SPARK Efor All and its growing impact within the region’s entrepreneurial infrastructure. Those companies came away from the ceremonies with one of those large ceremonial checks, but the reality is that they won much more than that — specifically a better road map for taking their business on the path to success.

Positive Steps

Alex Sandana told BusinessWest that he had aspirations to be a professional dancer while growing up. But his family was sternly tested by the expensive classes and training it would take to make that dream reality.

So he can certainly relate to the young people he’s now giving lessons to in a studio on High Street in Holyoke he calls Star Dancers Unity.

He opened it in 2013, and, like most people in business for any length of time, said his experience has been a roller-coaster ride — meaning both ups and downs.

Alex Sandana with some of his students at Star Dancers Unity.

Alex Sandana with some of his students at Star Dancers Unity.

Things have become somewhat less turbulent since he became involved with SPARK EforAll Holyoke, a step he wishes he had taken much sooner.

“I got into this knowing … zero,” he recalled. “I had an idea of what I was getting myself into, and I knew that Holyoke needed a place where kids could be themselves and not be burdened by the high tuition that other dance studios charge. But I never had any experience in business; I was learning as I was going.

EforAll has helped him expand the portfolio, if you will, serving not just young people, but also providing lessons, and choreography, for weddings and quinceañeras, the fiestas staged for girls turning 15 — that Latin equivalent of the sweet-16 party.

“I was able, with the help of my mentors, to identify other ways to generate revenue,” said Saldana, adding that this more-diversified business has much greater growth potential.

Helping business owners execute such changes and key pivots is essentially the mission statement at SPARK EforAll Holyoke, said Murphy-Romboletti, 29, who worked for several years as the executive assistant, scheduler, and press secretary for Holyoke Mayor Alex Morse, who coaxed her into returning to her hometown after she relocated to Brooklyn, feeling, as many young people did and still do, that she had to leave this area to find what she was looking for.

As she explained how she took the reins at the small agency, she said she watched as many of Morse’s initiatives in the broad realm of economic development — from promotion of the arts to development of an innovation district to programs to inspire and support entrepreneurship — began to change the landscape.

And she decided she wanted to be part of it.

“A position opened up in planning and economic development,” she recalled. “I loved working with the business owners in our community, and there were so many cool projects happening, especially in the downtown, so it seemed like a natural next step.”

One that led to another step when the directorship of SPARK came open. That provided an opportunity to work on a project she helped get off the ground while working in the mayor’s office.

“I loved working with the business owners in our community, and there were so many cool projects happening, especially in the downtown, so it seemed like a natural next step.”

“I was able, through my job at City Hall, to be there for the early planning stages for SPARK,” she recalled, noting that the initiative was funded through a Working Cities Challenge grant. “I loved it; I thought, ‘what an awesome opportunity to create an entrepreneurship program that’s inclusive and empowering and not your typical accelerator.’”

Those sentiments help explain why and how SPARK came to merge with EforAll. Holyoke’s demographics are similar to those in other cities it serves — 51% of its residents are Hispanic, and 9% of its businesses are owned by Latinos — and there is a need for services to help that latter number rise. Meanwhile, EforAll had an established model generating measurable results in other communities.

Getting Down to Business

Thus, she now leads what amounts to the latest in a series of expansion efforts for EforAll, which, after being launched in Lowell-Lawrence, has subsequently added offices in New Bedford, Fall River, Lynn, and Hyannis (an office that serves the entire Cape), as well as Holyoke.

The business model for the agency — launched under UMass Lowell with initial funding from the Deshpande Foundation and known originally as the Merrimack Valley Sandbox — involves working in communities, and with individuals, who are generally underserved, at least when it comes to initiatives within the broad realm of entrepreneurship.

“Generally speaking, this means immigrants, people of color, women, those who are unemployed, veterans, people returning from incarceration … those are the kinds of communities we look for,” Parker explained. “And we want to encourage people with ideas for businesses — we don’t give them ideas — to come to our programs, share their ideas, and see if we can help them get those businesses started.”

There are a number of measures for success, he said, including the number of businesses launched (both for-profit and nonprofit in nature), jobs, sales, and the capital raised for those ventures, he went on, adding that there have been a number of success stories as well.

The one cited most often is that of Danaris Mazara, who came to this country from the Dominican Republic at age 22.

Parker, who has told the story often, said that, after her husband was laid off from his job and the family began to struggle, Mazara took food stamps her mother gave her to buy groceries and instead bought ingredients for flan, a popular Dominican dessert. She made enough to sell to her co-workers and friends and made $500 in a few weeks.

Fast-forwarding a little, Parker said EforAll helped her move the flan operation out of her home and into a commercial bakery that she now owns by helping her secure a loan. It also assisted with product lines, pricing, and other aspects of the business. Today, she has 13 employees and is already looking for a larger bakery.

The EforAll model itself is scalable, said Parker, adding that the agency is certainly in an expansion mode. Indeed, now that it has shown that its formula for bolstering a community’s entrepreneurial ecosystem works in several Bay State cities, EforAll is ready to embark on expansion into other areas of the country.

“We hope to announce new EforAll programs in other states within this year,” he told BusinessWest, adding that the goal is to have another four sites by the end of this year, another six by the end of 2020, and perhaps as many as 50 in the years to come.

Julie Molianny and Rashad Ali, who launched Cantina Curbside Grill, a food truck featuring Latin fusion items, aspire to open a brick-and-mortar restaurant in the future.

Julie Molianny and Rashad Ali, who launched Cantina Curbside Grill, a food truck featuring Latin fusion items, aspire to open a brick-and-mortar restaurant in the future.

Meanwhile, in Holyoke, SPARK EforAll is getting set to open co-working space in a building on High Street — the doors will likely open in May — and thus take its mission to a still-higher level. Funded by a MassDevelopment Collaborative Workspace grant, the 1,500-square-foot facility has a large room that can accommodate perhaps 20 desks and several smaller cubicle-like areas, said Murphy-Romboletti, adding that there is obvious need for such space in Holyoke, and she expects that it will be well-received.

At the same time, the agency’s mentoring and accelerator programs are helping a number of entrepreneurs and aspiring entrepreneurs move their concepts forward.

The 12 weeks of classes — two classes a week — are “intense,” Murphy-Romboletti, adding that each company is assigned a team of three mentors that act as an advisory panel.

“These entrepreneurs are deeply immersed in this process,” she explained. “We’re helping people navigate the challenges in front of them and do their business right.”

Spicing Things Up

People like Julie Molianny and Rashad Ali, who launched Cantina Curbside Grill, a food truck featuring Latin fusion items such as tacos, burritos, quesadillas, and more.

They started slowly in 2017, said Molianny, focusing on events on area college campuses and farmers’ markets. But the truck will soon shift into a higher gear, figuratively, she noted, adding that later this month it will be parked Monday through Friday at a still-to-be-determined location near Springfield’s riverfront.

Down the road, and probably not far down, the partners want to add a trailer to the lineup so they can handle bigger events, she said, adding that the ultimate goal is to have a brick-and-mortar restaurant.

EforAll has helped the two with the accounting and pricing sides of the ledger, said Ali, and also with focusing on not only the big picture — what’s in the business plan — but also myriad day-to-day issues involved with running a business.

“The hardest part is keeping tabs on everything, crossing all the T’s and doting all the I’s, staying on top of taxes and everything else,” he said, adding that the accelerator classes have helped the partners stay focused and organized.

Specifically, that means focused on the best options for stability and growth moving forward, which brings us back to Russell, Stuckey, and Everything Sauce, which is just one bullet point in their ever-changing business plan.

Indeed, the partners also have plans to put a food truck on the road, one that would offer what they called “plant-based alternatives,” and operate what might be considered non-typical hours.

“We want to specifically focus on food after 9 p.m., because after that hour, most eateries in this area are closed,” said Stuckey. “And what is open … let’s just say there aren’t many alternatives for healthy eating; we intend to change that.”

In the meantime, they intend to scale up their sauce. They’ve moved from a few gallons at a time in their home to four or five gallons at Cornucopia, which they found with the help of SPARK EforAll, and aspire to production runs of perhaps 200 gallons or more, perhaps at the Western Mass. Food Processing Center in Greenfield, which they also found with help from their mentors.

These mentors are entrepreneurs themselves, said Murphy-Romboletti, meaning they’ve been on the roller coaster themselves and have real-world experiences that translate into sage advice about if and how to take an idea from scratchings on a table napkin to Main Street, or High Street, as the case may be.

From left, Marcos Mateo, his mother, Madeline, and Abiel Alvarado, look to open their auto-service business in June.

From left, Marcos Mateo, his mother, Madeline, and Abiel Alvarado, look to open their auto-service business in June.

That was the case with Abiel Alvarado, his girlfriend, Madeline Mateo, and her son, Marcos Mateo. The three are going into business together, in a venture called Mateo Auto Sales, which has an interesting backstory.

Indeed, Alvarado was in the auto sales and service business in Puerto Rico, and essentially saw that business, and his life, turned upside down by Hurricane Maria. He relocated to Holyoke, where he met Madeline and expressed his desire to soon get back into business for himself. Looking for some help and direction, Madeline went to City Hall, and was soon redirected to the Chamber of Commerce and eventually SPARK EforAll Holyoke.

The three partners applied to, and eventually became part of, the latest accelerator class. Marcos Mateo told BusinessWest they’ve received many different kinds of support for their mentors.

“They provided a lot of guidance,” he said. “They lined everything up, they showed us exactly what we should be focusing on; our mentors helped us with identifying where to go and how to find information.

“We’re not just guessing and having to waste our time doing research,” he went on. “Every class was full of information we needed.”

In Good Company

Alvarado and the Mateos are currently in lease negotiations on a building, and hope to be open for business in June.

After that, they’ll begin what will likely be a roller-coaster ride, something all entrepreneurs endure. With the accelerator behind them and quarterly meetings with their mentors to continue for at least the next year, maybe the ride won’t be particularly wild or feature many significant dips.

Helping create a smoother ride is what SPARK EforAll Holyoke is all about. Its accelerator programs and other initiatives are unique when it comes to the constituency being served, but similar to others in that its mission is to open doors to business ownership and the opportunities it creates.

And that’s why these services are pivotal, in every sense of that word.

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

Opinion

Editorial

For years now, there have been rumblings from the world of higher education. Rumblings that times were changing and times were not particularly good. Rumblings that in some cases led to mergers among colleges, even a closing or two, and predictions that more were likely to come.

But the rumblings seemed far away, involving small institutions most of us had never heard of — Mount Ida College, Newbury College, the College of St. Joseph.

All of that changed last week, when Hampshire College President Miriam Nelson dropped what seemed like a bombshell, but what was in reality news that many saw coming. She announced that, amid falling enrollment and declining revenues, the nearly half-century-old college has commenced a search for a partner to help secure its future. The situation is so dire that school officials are not even sure if they’re going to admit a freshman class for this coming fall.

That decision will come in the near future, and in the meantime, the school will search hard for a merger partner, preferably one that will not only help it get back on solid financial footing, but enable it to maintain its non-traditional approach — there are no grades here, for example — and decidedly different ways of doing things.

Nelson is confident that such a partner can be found — other schools, such as Wheelock College, have forged such partnerships, in its case with Boston University — but time will tell.

Meanwhile, the announcement from Hampshire College should serve as a wake-up call, not that anyone in higher education really needed one, that times are, indeed, changing, and that imaginative, proactive steps are needed to secure the future of such institutions.

Numbers lie at the heart of this problem — all kinds of numbers, but especially those pertaining to the size of high-school graduating classes. They’ve been falling steadily over the past several years, and at an alarming rate.

With fewer students going to college, a survival-of-the-fittest scenario is emerging, and there are high stakes, not only for the colleges involved but the communities in which they reside.

Indeed, it’s no secret that, in addition to healthcare, education is the other pillar of the region’s economy — hence the phrase ‘eds and meds.’

Fortunately, for the most part, the ‘eds’ sector locally remains quite strong, and many institutions are faring well, primarily because they are fitter than some others.

And by fit, we mean aggressive in efforts to develop new programs and new revenue streams, and also tell their story. In short, they are not sitting on their hands, hoping and believing that times will get better and that what has worked in the past will work in the future.

At the risk of greatly oversimplifying things, this is exactly what has happened at Hampshire, and also Mount Ida and other schools.

Several schools in this area have been very proactive in finding new ways to attract students and remain vibrant. Bay Path University and the emergence of its cybersecurity programs is a good example (and there are many others there), and American International College’s ambitious expansion of its graduate programs (a strong sources of revenue) is another example.

The demographic patterns we’re seeing today are not projected to change anytime soon. High-school graduating classes are going to continue to get smaller, and colleges of all sizes — even this region’s community colleges — must be creative and entrepreneurial in their planning if they intend to not only survive but thrive.

If they’re not, there may well be more press conferences like the one at Hampshire College last week.