The Massachusetts Development Finance Agency said it invested $2.3 billion in businesses, nonprofits, and communities in fiscal 2013.
Of these financings, MassDevelopment, the state’s finance and development agency, invested more than $375 million in 56 northeastern Massachusetts projects, creating 542 jobs and 151 housing units.
Investment in this region more than tripled and job numbers doubled compared with fiscal 2012, the agency said in a statement Sept. 5.
Financings included bonds issued on behalf of regional hospitals: a $130 million tax-exempt bond on behalf of Lahey Clinic Foundation Inc., in Burlington, which used bond proceeds for capital projects including building and equipping a cogeneration power plant; and $61 million in tax-exempt bonds on behalf of Lowell General Hospital, which used proceeds to upgrade the power plant at its Saints campus, renovate buildings at various administrative and patient care facilities, and buy equipment.
MassDevelopment also provided almost $370,000 in brownfields funds to Lawrence CommunityWorks to clean up parcels on Newbury Street and lay the groundwork for an 18-unit housing development.
“Massachusetts hospitals are engines for innovation and job creation,” said MassDevelopment president and chief executive Marty Jones.