November 06, 2011
Author: D.C. Denison - Globe Staff
HOLYOKE – The sprawling construction site, bustling with yellow safety-vested workers and roaring, orange earth-moving machinery, is an island of hope amid still canals and silent mills.
The planned Massachusetts Green High Performance Computing Center in Holyoke has won a $14.5 million New Markets Tax Credit from the state’s economic development arm, MassDevelopment.
The report of the new credit financing follows on the heels of last week’s announcement from Attorney General Martha Coakley’s office that it reached a deal with developers that includes a promise not to sue property owner Holyoke Gas & Electric as the development and construction of the center moves forward. According to a release from MassDevelopment, the new financing will help fund the acquisition, construction and permanent financing of the 90,300-square-foot center in Holyoke.
As published in Banker & Tradesman – 10/26/11
MassDevelopment has provided a $14.5 million New Markets Tax Credit (NMTC) allocation to the Massachusetts Green High Performance Computing Center (MGHPCC), New England’s first high performance computing center.
The financing will help fund the acquisition, construction, and permanent financing of the 90,300-square-foot center in Holyoke. MassDevelopment also participated in the early stages of site selection, managed the demolition of existing structures on the site, and provided assessment and remediation financing to Holyoke Gas & Electric to clean up the site.
By Stephen Singer, The Associated Press as Published Bangor Daily News – 10/10/2011.
HOLYOKE, Mass. — At a gritty industrial site occupied a century ago by a textile mill, five universities are collaborating to install supercomputers that will recreate the start of the universe and perform other research.
by Lauren Landry – BostInnovation.com, 10/10/2011
Colleges and universities already have a large impact on the state. The city’s schools, alone, employ over 42,600 people and support a total of 68,400 jobs, according to the Boston Redevelopment Authority. When it comes to the economy, student and student visitors spend approximately $1.7 billion a year in Boston. Imagine, then, what could happen when five of the state’s most prominent colleges collaborate to create a supercomputing center in Holyoke, Massachusetts.
The next meeting of the Holyoke Innovation District Task Force will be held Thursday, October 20, 2011 from 8:30 a.m. to 10:30 a.m. at the Holyoke Transportation Center at 206 Maple Street in Holyoke. Please note the new, earlier, time. For more information, including a list of Task Force members and an agenda when it becomes available, click here.
AMHERST, Mass. – The Patrick-Murray Administration and university leaders today celebrated news that the Massachusetts Green High Performance Computing Center (MGHPCC) has attracted a national science grant through the University of Massachusetts Amherst and MIT. The nearly $250,000, two-year award will ensure that students returning to Holyoke and Springfield schools this month benefit from the state’s newest high-tech facility coming to their neighborhood.
With an innovative municipally-owned utility (HG&E) on-the-horizon; innovative clean energy technologies; a talented workforce; a blossoming entrepreneur environment; broad academic research and education capabilities; and an engaged public and private sector — Holyoke and the Connecticut River Valley region are well-poised to help create, deploy, and leverage the next generation of clean energy system technologies.
HOLYOKE, MA (WSHM) -
Gov. Patrick has announced that more than $2.1 million in Federal funding will be used to improve the energy infrastructure surrounding two new high-tech projects in Holyoke.
Holyoke – Power capacity will increase and some economic development could follow thanks to a $2.1 million federal grant to help with hydroelectric improvements around the high performance computing center being built here, officials said Wednesday.