You can change the location at any time. 300 million million dollar investment ideas and 2,000 jobs to the Commonwealth over the next four years. Those 2,000 jobs include 1,500 at corporate headquarters in Springfield and 500 at a new Boston campus on Fan Pier, which the company plans to build. 675 billion in assets under management.
The Springfield expansion will bring the total number of employees in Springfield to approximately 4,500 by 2021 from about 3,000 now, according to the company. About 1,500 people work there and most of jobs will move to Springfield. The Enfield offices, like the Springfield headquarters, are only at about 60 percent occupancy, Lacey said. It just didn’t make sense to have two offices, each 60 percent full, less than 10 miles from each other,” Lacey said.
50 million over the next five years in renovations and construction at the Springfield headquarters. It acquired the Enfield complex from The Phoenix Cos. 38 million renovation at the Enfield campus which was at the time the primary location for the company’s retirement services and workplace insurance businesses. While starting with 500 employees, the Boston Fan Pier offices will eventually grow to 1,000, the company said. We have deep roots and a supportive community in our hometown of Springfield, and we will continue to invest and grow our workforce in the city.
The Boston jobs will be located there to take advantage of the city ‘s tech industry with access to financial markets and digital talent. 46 million from the Commonwealth, the largest commitment ever made to a Springfield-based company. The company currently expects to retain offices in Amherst, New York City and Phoenix, which provide access to specific talent pools and business solutions. My administration has been working hard to create an environment that encourages job growth and today’s announcement illustrates that through collaboration, we can find constructive solutions to support our communities for the long-term,” Springfield Mayor Domenic J. Walsh also shared his excitement for the company’s pending growth in his city. I am delighted another major employer has decided the City of Boston can contribute to its successful future.
This is terrific news for our community and state. Mass Mutual has made its home in Springfield for nearly 170 years. The company has been a solid corporate citizen that continues to invest its considerable resources locally. Today’s announcement that they are expanding their workforce in the city by 1,500 employees will have a significant and immediate impact on the region’s economy.