Greenville, MA – MassDevelopment has issued a $1.9 million bond for CJBW Stamp LLC, the real estate arm of Valley Steel Stamp, which will use bond proceeds to construct a 17,500sf building in the Greenfield Industrial Park that the company will then lease.
The new building will be next to an existing 27,500sf building that Valley Steel Stamp also leases and has reached full capacity. When completed, the new building will accommodate additional equipment needed to fulfill customer orders. The project is expected to create nine jobs and support 13 construction jobs. GSB Securities Corporation, an affiliate of Greenfield Savings Bank, purchased the bond.
Valley Steel Stamp’s facility in Greenfield is a world headquarters for more than 50 highly-skilled precision machinists serving over 300 companies in 10 countries. MassDevelopment previously issued bonds to support the purchase and expansion of this facility in 2008 and 2012.