HOLYOKE, Mass. (WWLP) – Holyoke’s unemployment rate has fallen to its lowest level in 15 years. Massachusetts Executive Office of Labor and Workforce Development announced Tuesday the unemployment rate dropped from 8.1% to 5.4% in just one year.
Holyoke Mayor Alex Morse said the city has worked to grow the local economy by helping business startups. They’ve also expanded businesses like Aegis Energy, by converting the old Parsons Paper Mill on Sargeant Street.
Mayor Morse said, “Our economic vitality and future depends on the reuse of buildings like the one behind me, the ones on Race Street, and Main Street. Our old paper mills are being converted into new apartments and condos, art galleries, restaurants, and manufacturing.”
The Mayor added that the city’s current projects to expand the workforce are Holyoke Community College’s expanded center for culinary and hospitality excellence, and a partnership with MGM Springfield.