BUSINESS BRIEFS May 25, 2025: Business news in the Berkshires and beyond

May 25, 2026 - 11:29

A wave of financial activity is reshaping the Berkshire business landscape as local institutions announce leadership changes, new services, and community investments.

Beacon Bank has promoted two senior executives to vice president roles, citing strong regional loan growth and customer demand. The bank, which operates branches in Pittsfield and Great Barrington, said the appointments reflect its commitment to retaining local talent while expanding commercial lending capabilities.

MountainOne Bank is rolling out a digital account opening platform for small businesses, aiming to reduce paperwork and speed up access to capital. The new system allows entrepreneurs to apply for checking accounts and lines of credit entirely online, with decisions often made within hours. Company officials noted that the move is part of a broader push to support the region's growing number of independent retailers and service providers.

Greylock Federal Credit Union has announced a $50,000 grant to the Berkshire Community College Foundation to fund workforce training programs in healthcare and advanced manufacturing. The donation will support scholarships for low-income students and help purchase equipment for the college's new simulation lab.

Elsewhere in the region, the Williamstown Chamber of Commerce reported a 12% increase in summer tourism bookings compared to last year, driven by strong interest in outdoor recreation and cultural events. Local hoteliers said advance reservations for July and August are outpacing pre-pandemic levels.

On the economic development front, the Berkshire Regional Planning Commission is seeking state approval for a new small business loan fund targeting underserved entrepreneurs in North Adams and Adams. The fund would offer low-interest loans of up to $50,000 for startups and expansions.

These developments come as the state's unemployment rate holds steady at 3.4%, with Berkshire County slightly below that average. Analysts say the region's diversified economy, anchored by healthcare, education, and tourism, continues to show resilience despite national headwinds.