The Massachusetts Development Finance Agency has hired John Markowitz as vice president for infrastructure finance to expand its investment banking team's infrastructure financing capabilities.

MassDevelopment is the commonwealth's finance and development arm.

Markowitz will manage the commonwealth's infrastructure financing programs, including the infrastructure incentive investment program, known as I-Cubed; district improvement financing; and its 23-L local infrastructure development program, the agency said in a statement.

"John's strong background in infrastructure finance makes him a great addition," said chief executive and president Marty Jones.

Markowitz has worked in public finance investment banking for the past nine years, most recently at Stifel, Nicolaus & Co. His experience includes tax increment and land-secured financing, and he has worked with real estate developers and local and state governments across the country to finance infrastructure for large-scale real estate development projects.

He graduated from the University of Virginia and lives in Boston's Charlestown neighborhood.

MassDevelopment financed or managed 314 projects in fiscal 2014 generating investment of more than $2.9 billion in the Massachusetts economy.

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