Once known for its machine tool industry, Springfield's economy has undergone a significant evolution. With a workforce participation rate of approximately 57%, the town is primed for its next phase of growth. The Black River Innovation Campus (BRIC) is playing a crucial role in this evolution. BRIC provides office and co-working space, offers entrepreneur courses, and has plans to renovate a building into apartments. The campus believes that tech-based and tech-enabled businesses are a natural fit for Vermont. Supported by funding from the U.S. Economic Development Administration, BRIC is contributing to the town's economic revitalization. The Springfield Regional Chamber of Commerce is also working to modernize and update benefits for its members. However, Springfield still faces challenges, such as the need for more affordable housing and better access to state programs and resources. Despite these challenges, the town is already bouncing back and is poised for success in the coming years. [fad02e65]
Meanwhile, in Pittsfield, Massachusetts, a former manufacturing hub, a manufacturing revival is underway. The Berkshire Innovation Center (BIC) is being constructed at the former GE site, providing regional manufacturers and STEM businesses with advanced R&D equipment, training facilities, and collaboration opportunities. The center has also established the Berkshire Innovation Center Manufacturing Academy, a workforce development program funded in part by a $900,000 award from the Economic Development Administration. The academy offers technical assistance and apprenticeship programs for local students. Collaborating with MIT, the academy has developed a curriculum called STAT (Systems Thinking for the Application of Technology), which focuses on problem-solving skills and systems thinking. The program, divided into three six-week blocks, has already completed three cycles and has plans for expansion in the future. The manufacturing revival in Pittsfield is expected to bring new opportunities and economic growth to the town. [4f668d1f]