MassDevelopment has provided a $500,000 loan through the manufacturing innovation initiative to help Lacerta Group Inc., a Mansfield custom packaging manufacturer, grow its DVD business.
The company acquires and packages previously viewed DVDs to sell through various retailers. The funding will allow Lacerta to create 20 jobs, according to a statement.
"We’re pleased that Lacerta Group, a longtime client of MassDevelopment, can take advantage of low-cost financing to expand and increase employment," said MassDevelopment President and CEO Robert L. Culver.
"This loan will help increase a new, fast-growing component of our business," said Lacerta Group partner Mory Lotfi. "We have worked with MassDevelopment in the past and thank the agency for its support."





