The City of Pittsfield is pleased to have fully supported two local businesses, Modern Mold and Tool, Inc. and Shire City Herbals, Inc. which were recently awarded tax incentives through the state’s Economic Development Incentive Program (EDIP) to facilitate expansion projects in the city.
The businesses were among 13 companies across the Commonwealth which received tax incentives through the program. EDIP is designed to foster job creation and stimulate business growth; companies receive state and local tax incentives in exchange for job creation, manufacturing job retention and private investment commitments.
Modern Mold received $145,000 in investment tax credits toward a $3 million investment to acquire and relocate the company’s expanded manufacturing facilities in Pittsfield. Shire City Herbals, the creators of the highly popular Fire Cider tonic, received $74,000 in tax incentives toward a larger property for their company’s operations.
Both companies requested advocacy from the Mayor’s Office toward their respective projects. Shire City Herbals has also been working with the city’s Community Development Department and the Pittsfield Economic Revitalization Corp (PERC) regarding tax incentives.
Mayor Linda Tyer said she was thrilled to offer her support toward both businesses.
“Each of these businesses has demonstrated a consistent track record of growth and success in Pittsfield. While their pathway to prosperity is different, the unifying factor is that they are both local businesses that have made a positive impact on our economy,” Tyer said. “I remain confident that our greatest asset lies among the local businesses in our city, and I am ready and willing to do what I can to help these businesses thrive and ascend to the next phase of growth.”
Modern Mold’s Chief Operating Officer, Tony DellaVolpe, noted the impact of the credits on the company’s upcoming expansion efforts. The company, founded in 1950, employs 50 people and recently purchased a New York state-based company. Through this purchase, the acquisition and relocation of a newer and larger press will require adding skilled employees in quality control, press operators, and yield additional opportunities in new markets.
“We are very excited about receiving the tax incentive which will help increase cash flow and allow us to retain existing jobs and add several positions. With a $3 million investment, we will be acquiring and relocating an injection molder located in the Bronx which will add seven presses and increase our range up to 1,000 tons,” said DellaVolpe. “This acquisition will also allow us to diversify our revenue stream as their customers are primarily industrial. Modern Mold has traditionally been a molder of medical devices.”
“We are extremely grateful for all the help we received from Mayor Tyer, the City of Pittsfield, and Debra Boronski, Western Regional Director of the Massachusetts Office of Business Development in making this award happen. Modern Mold looks to continue to grow and expand in the area over the foreseeable future and looks to partner with the City of Pittsfield and the Commonwealth in supporting that expansion.”
Co-founder Amy Huebner, of Shire City Herbals, reflected on the company’s support since its inception in 2011. The company’s product Fire Cider has amassed a solid customer base in Berkshire County and beyond; the company employs 14 full-time staffers and has experienced 70 percent cumulative annual growth to date.
“Brian (Huebner), Dana (St. Pierre) and I first started Shire City Herbals, in part, due to the incredible support we received from our community, including city officials and many local business owners. When we asked Mayor Tyer for help securing a longtime home for our growing business, she personally got on the phone and made us a top priority,” Huebner said. The investment in a new building and subsequent modifications will allow for in-house product development and space for additional staff.
“We finally found our new home on Commercial Street and the tax credits we have received will go a long way in helping our business continue to grow. We look forward to moving in and hiring more than a dozen people from the Pittsfield community that has shown us so much love and support.”
For more information on Modern Mold and Shire City Herbals, visit the following:
For more information or questions, please contact Roberta McCulloch-Dews, Director of Administrative Services, 413-499-9322.