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Richard Neal (D-MA01)

Tax Staffer: Kara Getz, [email protected] (Updated: 05/11/2022)

NMTC Site Visits

Richard E. Neal Complex Dedicated

Caring Health Center / Community Health Center (CHC), located at 1049 Main St., dedicated as the Richard E. Neal Complex at a dedication ceremony held on Monday, Sept. 22, 2014. CHC was just beginning construction on its Main Street location when the building was ravaged by the June 2011 tornado, causing $1.2 million in damages. U.S. Rep. Richard Neal has been instrumental in guiding fund-raising efforts, securing federal appropriations and grants to help CHC complete the project, and for championing the New Markets Tax Credit, the program that financed the bulk of the project. “Congressman Neal has completely dedicated

Voices from the Community

We used NMTC to build our headquarters building in downtown Holyoke, representing the single largest building project ever in that area. It now provides 500 jobs and serves almost 20,000 residents, all of which adds to the urgent needs of this very poor community. Commercial banks were not comfortable with the potential $20,000,000 investment we needed in this distressed community. Without the NMTC program, all of our current services, including significant support to attend to the issues stemming from COVID-19, would not be as available to the Holyoke community. We are now looking at additional construction projects that will benefit from NMTCs if they continue to be available in t he next few years.

-Jay Breines, Holyoke Health Center, Holyoke, Massachusetts

District Highlights

27

projects

$382,225,071

NMTC allocation

$654,044,997

total project financing

2,073

FTE jobs

2,378

construction jobs

Manufacturing

In the district, the NMTC has financed 7 projects expanding manufacturing businesses through 2021

Federally Qualified Health Centers

Through 2021, the NMTC has supported 4 FQHCs in the district.

NMTC Project Profiles (Inside the District)

2008

Pittsfield, MA

This $22.4 million project involved the conversion and expansion of the long vacant, historic Kinnell-Kresge building into a state-of-the-art…
2021

Pittsfield, MA

The Berkshire Family YMCA in Pittsfield put shovels in the ground on November 10 to begin an $12 million…
2006

Springfield, MA

Springfield, Massachusetts has seen more than its share of hard times. The condition of the City’s finances required intervention…
2018

Springfield, MA

Educare Springfield, the first Educare school in Massachusetts, serves 141 Head Start-eligible young children and their families with a…
2020

Northampton, MA

NMTC financing totalling $7.24 million supported the ground up construction of a 23,000 sq. ft. cooperative grocery store known…
2011

Holyoke, MA

The newly-restored and expanded library provides after-school programs for disadvantaged youth, a specially-designed young-adult room, Internet resources, computer skills…

State Fact Sheet