“Loans from the new Manufacturing Innovation Programs help companies grow and fill new orders,” said MassDevelopment President and CEO Marty Jones. “We’re pleased to provide these funds to DieCast and support its strategic vision for growth.”
Founded in 2004, DieCast Connections provides engineering services and support, casting, secondary finishing, machining, component assembly, injection molding, and powder coat painting services. Industries served include automotive, electronics, industrial equipment, and utilities. DieCast produces unique molds for each product for each customer. The company, which employs 20 people, expects to add six jobs as a result of the project.
“This program has provided the additional financial resources that will allow DieCast to create sustainable growth and jobs, which is a benefit to the local economy,” said DieCast Connections President Beth Zastawny.
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2011, MassDevelopment financed or managed more than 300 projects generating investment of $3.8 billion in the Massachusetts economy. These projects are projected to create more than 10,000 jobs (2,547 permanent and 8,129 construction), and build or rehabilitate more than 1,000 residential units.
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