The Massachusetts Development Finance Agency (MassDevelopment) was created in 1998 under Chapter 23G of the Massachusetts General Laws, which merged the Massachusetts Government Land Bank with the Massachusetts Industrial Finance Agency. Both a lender and developer, MassDevelopment works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. Through these collaborations the agency helps create jobs, increase the number of housing units, revitalize urban environments, and address factors limiting economic growth including transportation, energy, and infrastructure deficiencies. MassDevelopment's first president and CEO was Michael P. Hogan, from 1993 to 2003, followed by Robert L. Culver from 2004 to 2011 and Marty Jones from 2011 to 2017. Today, it is led by Lauren A. Liss, who became the agency's president and CEO in September 2017. MassDevelopment is headquartered in Boston, with regional offices in Fall River, Lawrence, Quincy, Springfield, and Worcester. More information...
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