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Category Archives: Economy

Victory Theater

The Elusive, Post-Pandemic Path to Victory for Valley Performing Arts…

Grandees in Western Massachusetts have long seen the arts as key to bolstering the region’s economy. One endeavor, the restoration of the Victory Theater in Holyoke, seemingly scored big. It received a $2 million American Rescue Plan Act grant from the city. When Holyoke had to claw back the grant this month, it dealt a blow to efforts to build out downtown as an arts hub.

Eastfield

Analysis: An Eastfield of Dreams of What Had and Might Have Been…

SPRINGFIELD—The Eastfield Mall is no more. It closed Saturday, July 15, with little fanfare save a sendoff for its mall-walkers the day before. A week before the end, its glory days were clearly long gone. Many storefronts had been vacant for months if not years. The mishmash décor of post-war optimism and subsequent 80s renewal were a reminder—haunting?—from its past.

Lego

Analysis: A Region That to Survive May Need to Lego and Let God…

Not quite Santa Claus, but Lego was coming to town. The Danish toymaker known for colorful, interlocking pieces ably licensed both from and to blockbuster films, was relocating their offices and 740 jobs from Connecticut to the Hub. Further west, the news hit like a ton of bricks.

COVID Brings Springfield Dark Times, but Not Fiscal End Times…Yet…

SPRINGFIELD—Despite the novel coronavirus’ sudden economic upheaval, which has pummeled government tax revenues, the City of Springfield has prepared a budget without layoffs or cuts to services. Yet, the city’s first coronavirus fiscal year will be hard. A spending and hiring freeze dating to March