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Economic Impact

An analysis of expenditures, jobs and fiscal impact

The Springfield Technical Community College Assistance Corporation (STCCAC) converted the former Digital Equipment Corporation site into a new Technology Park that encompasses 860 employees, housing 18 tenant companies employing more than 750 workers, and an incubator facility with an additional 21 small businesses with approximately 110 employees. Even with the relatively slow economy, this Technology Park has been a steady employer and offers the city of Springfield valuable benefits. This report highlights the economic and fiscal impact of the Springfield Technology Park on the region, the city and the college. The assessments in this report are both quantitative and qualitative in nature.

On employment impact

On investment and purchase impact

On fiscal impact

On business growth

On the STCC/Technology Park partnership

The Partnership has made it possible for hundreds of STCC students to gain practical work experience at technology based companies in the Park.

The Park provides an ideal educational setting for three STCC academic programs; the National Center for Telecommunications Technologies, the Department of Mechanical Engineering Technology, and the Verizon New England Next Step Program.

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