MassDevelopment

**MassDevelopment is the Commonwealth’s development finance agency and land bank** We are committed to achieving three goals: stimulating business, driving economic growth, and helping communities thrive across Massachusetts. [Our team](https://www.massdevelopment.com/about/about-massdevelopment/meet-the-team) works with businesses, nonprofits, banks, and communities to deliver a wide variety of programs and services, such as loans, tax-exempt bonds, grants, real estate technical assistance, and more. MassDevelopment [formed in 1998](https://malegislature.gov/Laws/GeneralLaws/PartI/TitleII/Chapter23G) from a merger of the Massachusetts Government Land Bank and Massachusetts Industrial Finance Agency. The Massachusetts Health and Educational Facilities Authority [was merged](https://malegislature.gov/Laws/SessionLaws/Acts/2010/Chapter240) into MassDevelopment in 2010, strengthening the depth of offerings for tax-exempt bond financing of capital projects. **During FY2023, MassDevelopment financed or managed 545 projects generating investment of more than $2 billion in the Massachusetts economy. These projects are estimated to create or support 10,522 jobs and build or preserve 1,583 housing units.** We invite you to reach out to our team to learn more about our programs and services, and how we might help your organization grow here in Massachusetts.