UMass Study Shows Impact by Mill Town Capital in Berkshire County

11:42AM / Saturday, May 03, 2025Print Story | Email Story

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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Pittsfield Council Revisiting DEI Office Rename

By Brittany PolitoiBerkshires Staff
04:11PM / Tuesday, October 13, 2026

PITTSFIELD, Mass. — The conversation about the DEI office renaming that was halted by a charter objection will resume on Tuesday.

The City Council will discuss a request from Mayor Peter Marchetti to rename the Office of Diversity, Equity, and Inclusion.

It proposes to rename the DEI office to the Office of Equity, Access, and Opportunity and merge the Human Rights Commission and Affirmative Action Committee into an Equity, Access and Opportunity Commission.

The Ordinance and Rules Subcommittee supported the changes in August, and in September, Ward 2 Councilor Cameron Cunningham delayed the vote with a charter objection.

Pittsfield's City Code prohibits charter states that "if a single member present objects to the taking of the vote, the vote shall be postponed until the next meeting of the city council." It also stipulates that at least four members must object if it is an emergency measure.

Cunningham also submitted a petition, which was referred to O&R under Rule 27, to replace the DEI Office and the Human Rights Commission with an equity, access, and opportunity coordinator in the Department of Community Development, with formal complaints and Equal Employment Opportunity and Affirmative Action functions assigned to Human Resources.

At the last meeting, he spent more than an hour querying the mayor and chief diversity officer about functions and effectiveness of the department, wanting more quantitative data. Cunningham proposed an ordinance that he says keeps Pittsfield's commitment to equity, access, and opportunity, "refocuses it on measurable results for our residents, and delivers it at a fraction of the current cost."

Under this petition, the equity, access, and opportunity coordinator would be a $60,000 to $80,000 per year position.

The DEI Office's fiscal year 2027 budget was about $200,000 after cuts during budget season; $106,700 for the chief diversity officer and $58,000 for the administrative assistant. The coordinator would be appointed by the director of community development and the mayor.

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