UMass Study Shows Impact by Mill Town Capital in Berkshire County

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PITTSFIELD, Mass. — An analysis by the UMass Donahue Institute (UMDI) indicates that Mill Town Capital generated a total economic impact of $132 million across Berkshire County, Massachusetts, between 2017 and 2023. 
 
The independent study examined the effects of Mill Town's investments in local businesses, real estate, and infrastructure, as well as its philanthropic activities.
 
According to the UMDI, the investments resulted in a 1.42x economic multiplier, meaning that every $100 generated by Mill Town Capital led to an additional $42 in local economic activity. The study also found that the number of workers connected to Mill Town Capital's activities increased from 3 in 2017 to 672 in 2023. Additionally, the analysis suggests that $5.1 million in local tax revenues were generated through investment and job creation. The report states that $107.3 million (81 percent) of the total economic impact occurred in Pittsfield.
 
Tim Burke, CEO of Mill Town Capital, stated that the report confirms the impact of community-based investment. The UMDI report suggests that Mill Town Capital's approach, combining private investment, public-private partnerships, and community engagement, has produced measurable returns. Rod Motamedi, Assistant Director of Economic and Public Policy Research at UMDI, noted that Mill Town Capital's business model demonstrates how mission-driven capital can contribute to economic change and that community engagement can foster momentum for Pittsfield and the region.
 
Mill Town Capital, founded in 2016 by Dave Mixer, describes itself as an impact investment platform focused on the revitalization of Pittsfield and Berkshire County through investments in real estate, businesses, and community initiatives.
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BRPC Votes in New Director, Bids Farewell to Matuszko

By Breanna SteeleiBerkshires Staff

PITTSFIELD, Mass. — The BRPC board voted Thursday to make Laura Brennan its next executive director.

Brennan is the economic development program manager for the Berkshire Regional Planning Commission. She has been in the role since July 2023 but has been with BRPC since 2017, first serving as the senior planner of economic development. 

She earned her bachelor's degree from Franklin & Marshall College in Pennsylvania and earned a graduate-level certificate in local government leadership and management from Suffolk University.

Brennan was the preferred candidate the Executive Search Committee, which voted last week to present her and candidate Jason Zogg to the full committee. Zogg withdrew his application on Wednesday.

Board members congratulated Brennan, who was in attendance, with Chair Douglas McNally saying they have her back.

The commission voted to create a three-person negotiation subcommittee with executive committee members Malcolm Fick, Buck Donovan, and Sam Haupt. They will negotiate benefits, compensation, and terms of employment.

Brennan will be taking over for retiring Executive Director Thomas Matuszko. Matuszko was appointed as executive director in 2018, having previously been a principal planner from 1997 to 2000 and then assistant director from 2001. The new director will be the fourth in nearly 60 years.

Matuszko gave his last executive director report, amending the bylaws and changing the wordage to be more inclusive among other notes.

McNally said he was grateful that he made sure to do that before his leave.

Since it was Matuszko's last meeting those in attendance thanked him for his time at the BRPC.

"I had to just say you have had a huge positive impact on the Berkshires and thank you," said McNally.

"Thanks for my internship, Tom, 20-plus years ago, and everything you've done for Berkshire County," said Sarif and Matuszko said he was happy to still see her here after this long.

"I think Laura has learned a lot from you, and so she'll just be able to carry on. And so tonight is a great night for Berkshire County," said Christine Rasmussen.

"It's really, it's been a great ride, and I've enjoyed it almost all the time," said Matuszko. "There have been only very few times that hasn't been extremely enjoyable and satisfying. So I mostly appreciate the support that you all have given me and delegates and alternates over the years have given me and provide our staff."

He urged them to have the same relationship with Brennan, and provide her the help and support to be successful. 

"Thank you for all you've provided me with an opportunity, a great opportunity. I couldn't have asked for a better career."

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