City of Holyoke:

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City of Holyoke
The Power To Grow

• Mayor Michael J. Sullivan
• Prepared by the Office of Economic and Industrial
  Development
• April, 2006

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Economic Development Priorities

• Businesses Attraction Retention/Expansion
• New Commercial Industrial Development Sites
• Redevelop Downtown Central Business District
• Accelerate Tax Foreclosure/Demolition
• Regional Cooperation
• Housing Home-ownership / Mixed Income

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The Power To Grow

• Over the past five years Holyoke has made
  progress in many of the economic and demographic
  indicators which are used to analyze the
  development of a City. Indeed, we can say
  Holyoke has the Power to Grow.

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Population

• The Specifics
• 1) 2005 Population Estimate 40,115
• 2) 2000 US Census 39,838
• 2) Latino Population 2000 16,493 (41.4)
• - Puerto Rican of Latino Pop. 81.2
• 3) Over 65 of Holyokes Population is
• under the age of 45

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Income

• The Specifics
• 1) Per Capita Income - 17,114
• 2) A 54 increase since 1990
• 3) Median Household Income - 33,303
• 4) A 46 increase since 1990
• 5) Total Wages - 710,543,959 (2004)

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Income
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Employment

• The Specifics
• 1) Jobs 23,053
• 2) Manufacturing Jobs 4,853
• 3) Labor Force 16,241
• 4) Unemployment Rate 7.0 (1,143)

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New Single Family Homes
1996-2000 - 8 a Yr. 2001-2005 - 33 a Yr.
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Single Family Home Sales
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Median Single Family Home Sales
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Median Single Family Home Sales
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Building Permits
Total Number of Building Permits Per Year
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Building Permit Value
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Businesses
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Economic Sectors

• Manufacturing
• - 1994 130 Firms employing 5,500
• 2006 170 Firms employing 4,800
• - Changing Face
• 1) International/National Manufacturing
• Firms
• 2) Small Manufacturers
• 3) Buildings Mixed Use Multi-tenant

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Economic Sectors

• Diversified Economy Employment Base
• 1) Medical
• - Holyoke Hospital 1,000
• - Health Care Employment Per Capita
• 2) Retail
• - Super Regional Mall (Hilton,
• OConnell more)
• 3) Energy
• - HGE
• - ISO New England
• - Mt. Tom Power Plant
• 4) Call Centers
• - Baystate, Honda, MCI
• 5) Small Business

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Projects
Over 3.2 Million in New Real Estate Tax Revenue
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HOLYOKE
The Power to Grow
Jobs Retained/ Current
Construction Project Type Investment
To be Created / ISO New England
New Office Renovation 49
Million 350/100 Kittredge Business
Ctr. Business Technology Ctr. 18
Million 50/15 Homewood Suites
New Hotel 8.9 Million NA/30 Baystate Health
Sys. Acquisition of Existing Bld. 8.2
Million 90/150-200 Holyoke Health
Center Renovation of Existing Bld. 15
Million 60/150-200 American Honda
New Office 3.2 Million 120/80 Holyoke
Community Acquisition Renovation 6.5 Million
(est.) NA Charter School Oakhill Homes New
Residential 35 Million NA Holyoke Medical
Center Expansion 11 Million 15
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Projects 2006

• Construction Projects 2006
• Mt. Tom Power Plant (On-going)
• Holyoke Multimodal Center (Summer 06)
• Michelle Lane Subdivision (Spring 06)
• Sears Condo Dev. Roadway (Fall 06)
• Holyoke Die Cut Card Redevelopment (On-going)
• Hampden Pleasant Retail Dev. (Fall 06)
• Advanced Auto Parts South St. (Summer 06)
• Super Laundromat (Spring 06)
• Dunkin Donuts L. Westfield Rd. (Summer 06)
• Sonoco Expansion (Planning Stage)
• Sealed Air Expansion (Planning Stage)
• Magnet Middle School Redevelopment (retail
  office buildings - Planning Stage)

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Municipal Government

• The Specifics
• 1) Budget (Strong Cash Reserves)
• 2) Invest in Ourselves
• 3) Workforce Department Consolidations
• 4) Technology
• 5) Collaborations
• 6) Real Estate Property Taxes
• 7) Home Ownership Increasing

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Public Safety

• The Specifics
• 1) Crime Rate Continued drop in capital
• crime from 2004 to 2005
• 2) Technology Installation of Video
• Cameras has reduced crime and led to more
  
• arrests
• 3)Targeted Community Effort Lyman Terrace
• 4) Emergency Management Team

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Education

• Attendance Zones (Keep Families together at same
  school Transient Population)
• Comprehensive Grade Schools (K-8 Stable
  Neighborhoods)
• Actual MCAS scores have been steadily going up
  since 2003 (Holyoke HS 2003 -40 passed to 2006
  81 - 95 Graduate with diploma)
• Accreditation All Kindergartens, both High
  Schools
• Americas Choice National Research Based
  Partners for the teaching of Math Science
• All Principals are enrolled at National Institute
  for Educational Training

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Public Investment Projects 2006

• Municipal/State Infrastructure
• CSO Berkshire St. Project Underway
• CSO Mosher St Separation - Design
• Schools Site Improvements (1.8 mil.) Summer
  2006
• Commercial St. Redevelopment Underway
• Homestead/Westfield Rd. Int. - Underway
• Traffic Signal Improvements
• - Bobala Rd. Traffic Signal Underway
• - Rte 141/Jarvis Avenue - Summer
• Canalwalk Design/Planning
• Dwight St. Footbridge Demolition/Planning

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Public Investment Projects Continued

• Municipal/State Infrastructure (Cont.)
• Roadway/Sidewalk Improvements - Underway
• Building Demolition Projects 18
• Pleasant Street Redevelopment Design
• Rte. 202 Bridge over Railway Fall
• Lyman St. 1st Level Canal Bridge Design
• Williamansett Bridge Design
• Traffic Studies (Homestead/Lower Westfield
  South/Northampton High/Lyman Jackson/Main)
• Municipal/State Building Projects
• Kittredge Business Center Complete
• Multimodal Ctr. Maple Street Contract
• HCC Access Road - Planning

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Holyoke The Power To Grow