MassMutual donates $6.5 million to support entrepreneurs - CBS 3 Springfield - WSHM

MassMutual donates $6.5 million to support entrepreneurs

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MassMutual made a big announcement at the developers regional conference Thursday afternoon. It said $6.5 million will be provided to support entrepreneurs through a new program and venture fund. This is designed to boost economic growth and the accelerator program will help start-ups succeed. 

President of the Economic Development Council of western Massachusetts, Allan Blair said the casino is an important project for Springfield, and while he remains optimistic about the future vote, the downtown area is preparing for other projects. 

The Chang Chung railroad project will bring 300 jobs and $50 million in investment to Springfield's Page Boulevard. 

"To build rail cars, highly sophisticated modern rail cars for the MBTA rail system in Boston, we'll know in December whether they have won the contract," said Blair. 

Blair said the casino has never been seen as the only source for economic success. There have been a number of public investments made in and around Springfield that have set the table for private investment. Without the MGM impact, $1.6 billion in investments are already made in the city. 

"So there's a lot of really good potential and a lot of real projects in the pipeline for the city and for the region," said Blair. 

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