# MassDevelopment

MassDevelopment is a Development Finance Agency and Land Bank based in Boston, United States.

## Overview

- **Organization type:** Development Finance Agency and Land Bank
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** massdevelopment.com
- **LinkedIn:** https://www.linkedin.com/company/massdevelopment

## Regulatory record

- **Reports private funds:** No

## About

MassDevelopment is a Massachusetts-based economic development group established in 1998. It collaborates with businesses, nonprofits, and government agencies to strengthen the Massachusetts economy. MassDevelopment offers finance programs and real estate development services to support economic growth across various sectors, including public, private, commercial, industrial, residential, and nonprofit.

## Sectors

- Real Estate
- Infrastructure
- Private Credit

## Questions

### Who runs investment decisions at MassDevelopment?

MassDevelopment is governed by a board of directors appointed by the Governor of Massachusetts. The day-to-day operations are managed by an executive team including a President and CEO, with financing decisions approved by the board per agency guidelines.

### What types of financing does MassDevelopment provide?

MassDevelopment offers tax-exempt and taxable bonds, direct loans, loan guarantees, and grants. Its programs include the Emerging Technology Fund for startups, Brownfields Redevelopment Fund for contaminated site cleanup, and the Massachusetts Growth Capital Corporation for small business lending (per agency publications).

### How does MassDevelopment differ from a private lender?

MassDevelopment operates as a quasi-public entity, meaning it can offer below-market interest rates and flexible terms through state-backed programs. It does not seek profit maximization — its mission is economic development and job creation in Massachusetts.

### Does MassDevelopment invest in companies outside Massachusetts?

No. MassDevelopment's mandate is limited to projects and businesses within the Commonwealth of Massachusetts. All financing must demonstrate direct economic benefit to the state.

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Last updated: 2026-06-03T20:00:00.000Z

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