|
|
| Fiscal year of loan approval |
Recipient |
Region |
Industry
Type |
Loan amount(s) approved |
Loan amount(s) disbursed |
Amount of funds matched or leveraged |
Purpose of loan(s) |
Jobs existing |
New jobs projected |
| Totals |
$26,659,615 |
$21,746,247 |
$124,412,555 |
|
759 |
1,442 |
| |
| 2004 |
Acusphere, Inc., Tewksbury |
Northeast |
Bio-technology |
$2,000,000 |
$2,000,000 |
$15,000,748 |
Leasehold improvements for new R&D & Manuf. facility in Tewksbury. Specialty pharm firm with micro-particle drug tech. |
50 |
120 |
| 2004 |
Avant Immuno-therapeutics, Inc., Fall River |
Southeast |
Medical/ bio-technology |
$903,657 |
$903,657 |
$1,517,143 |
Loan for specialized equipement. Biopharma-ceutical firm that uses new immunology for disease treatment. |
66 |
5 |
| 2005 |
Aspen Aerogels, Inc., Northboro |
Central |
Materials/ insulation |
$1,500,000 |
$1,500,000 |
$14,000,000 |
Equipment purchases, leasehold
improvements and lab facilities. Co has developed advanced materials for insulation. |
100 |
50 |
| 2005 |
Workshop Live, LLC, Pittsfield |
West |
Software |
$146,158 |
$146,158 |
$49,032 |
Equipment loan. Firm plans to develop online music instruction program. |
0 |
11 |
| 2005 |
Workshop Live, LLC, Pittsfield |
West |
Software |
$92,960 |
$92,960 |
See box above |
Loan for leasehold improvements |
See box above |
See box above |
| 2005 |
Cytonome, Inc., Boston |
Greater Boston |
Medical devices |
$600,000 |
$600,000 |
$2,034,210 |
Leasehold improvements loan for new cell-sorting medical device facility. |
13 |
48 |
| 2005 |
Micro Test Laboratories, Inc., Agawam |
West |
Medical/ bio-technology/ contract manufac-
turing |
$799,340 |
$799,340 |
$5,860,782 |
Equipment loan for "fill-finish" drug process for research and development. |
89 |
49 |
| 2005 |
Micro Test Properties, Inc., Agawam |
West |
Medical/ bio-technology/
contract manufac-
turing |
$367,500 |
$367,500 |
* |
Mortgage guaranty to expand facility. |
See box above |
See box above |
| 2005 |
Spherics, Inc., Mansfield |
Southeast |
Bio-technology |
$500,000 |
$499,756 |
$15,786,000 |
Equipment loan for bio adhesive drug delivery systems. |
0 |
60 |
| 2005 |
Spherics, Inc., Mansfield |
Southeast |
Bio-technology |
$2,000,000 |
$2,000,000 |
See box above |
Leasehold improvements loan for new plant. |
See box above |
See box above |
| 2006 |
Blue Sky Bio Tech, Inc., Worcester |
Central |
Bio-technology |
$150,000 |
$150,000 |
$100,000 |
Lab testing equipment |
6 |
4 |
| 2006 |
BioVex, Inc., Woburn |
Northeast |
Bio-technology/
contract manufact-
uring |
$2,500,000 |
$1,261,090 |
$9,347,763 |
Leasehold improvement loan for pilot manuf plant for cancer and therapeutic vaccines |
2 |
105 |
| 2006 |
Hyaluron, Inc. |
Northeast |
Medical bio-technology/
contract manufac-
turing |
$1,000,000 |
$1,000,000 |
$0 |
Equipment loan for automated filling and freeze-drying of bio-polymers and other solutions |
40 |
23 |
| 2006 |
RenaMed Biologics, Inc., Westborough
(1) |
Central |
Medical devices |
$2,200,000 |
$22,411 |
$6,600,000 |
Leasehold financing for new leased facility to manufacture medical devices to treat kidney function |
25 |
275 |
| 2006 |
Middleton Aerospace Corp., Haverhill |
Northeast |
Defense |
$2,000,000 |
$2,000,000 |
$6,915,502 |
Leasehold improvements for new facility to manufacture alloys for military and commercial aircraft |
120 |
45 |
| 2006 |
Nuvera Fuel Cells, Inc., Billerica |
Northeast |
Energy |
$2,500,000 |
$2,180,229 |
$13,290,375 |
Leasehold improvements and equipment for new facility to develop fuel cells |
100 |
250 |
| 2007 |
Valeritas, LLC, Shrewsbury |
Central |
Medical devices |
$2,500,000 |
$2,500,000 |
$12,531,000 |
Equipment purchases for new medical company manufacturing disposable insulin delivery systems |
28 |
147 |
| 2007 |
E Ink, Boston |
Greater Boston |
Technology |
$1,000,000 |
$999,770 |
$3,500,000 |
Leasehold improvements for company that manufactures electronic ink for electronic paper displays |
71 |
40 |
| 2007 |
Luminus Devices, Woburn |
Northeast |
Technology |
$2,500,000 |
$2,394,952 |
$7,720,000 |
Leasehold improvements for company that manufactures lighting for high definition television and projector products. |
26 |
150 |
| 2007 |
BioEnergy International, Norwell |
Southeast |
Energy |
$1,000,000 |
$0 |
$7,180,000 |
Equipment purchases for R&D of cellulosic ethanol and specialty chemicals. |
8 |
25 |
| 2007 |
ECI Biotech, Worcester |
Central |
Biotechnology |
$400,000 |
$328,424 |
$2,980,000 |
Equipment purchases for development of sensors used to detect spoilage/bacteria in poultry and meats as well as wound care products. |
15 |
35 |
| |
| Totals |
$26,659,615 |
$21,746,247 |
$124,412,555 |
|
759 |
1,442 |
| Fiscal year of loan approval |
Recipient |
Region |
Industry
Type |
Loan amount(s) approved |
Loan amount(s) disbursed |
Amount of funds matched or leveraged |
Purpose of loan(s) |
Jobs existing |
New jobs projected |
| Additional disbursements |
| 2005 |
Small Business Adm. of New England |
* |
* |
* |
$250,000 |
* |
Required by 2003 Economic Stimulus Bill |
** |
** |
|
