The Ticker

Written By Unknown on Rabu, 01 April 2015 | 18.38

Dot proposal could aid ill with housing needs

A 39-unit apartment building that would allow people with multiple sclerosis and other neurological diseases to live independently is being proposed in Dorchester.

The Boston Home Inc., which operates a 96-bed nursing facility serving adults with progressive neurological diseases, hopes to build the mixed-income housing complex on its Dorchester Avenue campus.

The 134-year-old nonprofit is partnering with Boston-based Affirmative Investments Inc. on the $11 million project, which would include 30 units for people — and their families — with significant physical disabilities transitioning from long-term care, and people already living in the community who need additional support.

The goal is to create a national model for independent community living incorporating advanced technology and specialized support services, Boston Home said in documents filed with the Boston Redevelopment Authority.

Backers plead for film tax credit

Supporters of the state's film tax credit packed a State House hearing to argue against Gov. Charlie Baker's proposal to do away with the decade-old tax break for movie and TV production in Massachusetts.

Baker wants to use the money that would be saved to double the state's earned income tax credit that goes to low-income working families.

Secretary of Economic Affairs Jay Ash told the Legislature's Revenue Committee that for each dollar spent on tax incentives for the film industry, the state gets only 13 cents back in revenue. Administration officials also said nearly two-thirds of film production spending wound up in the hands of non-Massachusetts residents or businesses.

But supporters of the tax credit strongly disagreed, telling lawmakers it has helped create thousands of jobs and boost thousands of small businesses around the state.

Quincy clothing retailer J.Jill sold

Quincy-based women's clothing retailer J.Jill said yesterday that it is being acquired by an investment management firm. J.Jill has about 250 stores around the country that sell clothing, shoes and accessories. It is being acquired by TowerBrook Capital Partners L.P. which is buying it from the investment firm Arcapita and private equity firm Golden Gate Capital. Financial terms of the deal, which is expected to close in the second quarter, were not disclosed. TowerBrook owns high-priced denim brand True Religion and previously owned the high-end Jimmy Choo shoe company before selling it off in 2011.

TODAY

 Institute for Supply Management releases its manufacturing index for March.

 Commerce Department releases construction spending for February.

 Automakers release vehicle sales for March.

THE SHUFFLE

Cambridge-based GNS Healthcare, a provider of analytics solutions for matching health interventions to individuals, announced that Tom McNamara has joined the company as chief revenue officer. McNamara will shape the GNS sales organization to serve an expanding roster of clients, including health plans, health care providers, biopharmaceutical companies and foundations.


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