Report: Westover Industrial Parks Generate $2.2 Billion In Economic Impact
Business activity at the re-developed areas is estimated to support a total of $2.2 billion in economic output and 8,438 jobs around Massachusetts annually. The businesses within the airparks and the airport also contribute meaningfully in their payment of local taxes. Businesses in Chicopee paid a total of $4,322,834 in local taxes in 2021. Businesses in Ludlow paid a total of $1,874,519 in local taxes in 2021. The development of properties around the Air Force Reserve Base by WMDC is an economic development engine for the area, providing local jobs and a strong local financial impact.
June 29, 2022