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The Massachusetts Development Finance Agency (MassDevelopment) was created in 1998 under Chapter 23G of the Massachusetts General Laws, [1] which merged the Massachusetts Government Land Bank with the Massachusetts Industrial Finance Agency. Both a lender and developer, MassDevelopment works with businesses, nonprofits, financial institutions ...
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Its statutory authority was set forth in the Massachusetts General Laws chapter 121B, section 4, and amended by the Session Laws of 1960, chapter 652, section 12. The agency's redevelopment authority includes the jurisdiction to buy and sell real estate , acquire real estate through eminent domain , and grant tax concessions to encourage ...
Wind energy lease areas off the southern coasts of Massachusetts and Rhode Island as of October 2022. Cape Wind was an offshore wind farm that would have produced 450 MW, enough electricity to power nearly 420,000 homes using 130 wind turbines, [12] The project made its first federal filings in 2001, and faced a lengthy federal, state, and municipal permitting processes and considerable local ...
Suffolk Construction Company was founded in 1982, by Edward Fish Sr. as an open-shop building contractor. [14] Immediately thereafter, Fish seeded Suffolk with an $80,000 loan and transferred full leadership and management to his 23-year-old son, John F. Fish, who has led the company as president and CEO since its founding.
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In 2004, the Massachusetts legislature placed a moratorium on state assistance to the funding of public school capital expenditure projects. A prior backlog of more than 800 audits and a failure of the legislature to properly fund the former School Building Assistance Program (SBA) had led to an accumulated a debt of more than $10 billion from the SBA's operations.
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