PITTSFIELD, Mass. (4/29/14)--Greylock FCU, Pittsfield, Mass., is one of the four Berkshire County financial institutions coming together to offer financing to potential builders of new rail cars for the Massachusetts Bay Transportation Authority (MBTA).
"This is one way the business community can provide a unified welcome to the companies bidding on the MBTA project," said Marilyn Sperling, president/CEO of the $1 billion-asset credit union (iBerkshires.com April 28). "Securing 200 or more jobs for this region would be a huge win for the entire community, and we want to do our part to make it happen."
Greylock FCU joins Berkshire Bank, Pittsfield, Mass.; MountainOne, North Adams, Mass.; and the Pittsfield (Mass.) Cooperative Bank to offer "a competitive financial package to the bidder," the paper said.
Berkshire County is only one of the areas interested in hosting the manufacturing of 226 new vehicles for two of MBTA's lines, with an option to build 58 additional cars (Berkshire Eagle April 22). Pittsfield and the Pittsfield Economic Development Authority have been lobbying for the William Stanley Business Park to house the construction.
Pittsfield Mayor Daniel Bianchi said, "The plan shows strong commitment to economic development in our region and the importance of the rail car project in particular."
Bids are due May 15, with a bid expected to be awarded in December. The $1 billion contract stipulates that the final assembly of the rail cars must be performed in the commonwealth of Massachusetts.