PRESS RELEASES

Thursday, November 17, 2011
KIRK SYKES OF NEW BOSTON FUND TO JOIN GOVERNOR PATRICK ON INNOVATION ECONOMY MISSION TO BRAZIL

Part of exciting opportunity to promote Massachusetts to new markets, create jobs

BOSTON-November 17, 2011-Kirk Sykes, president of the Urban Strategy America fund, a New Boston fund, will join Massachusetts Governor Deval Patrick and a coalition of business executives, academic leaders and government officials on the Massachusetts-Brazil Innovation Economy Mission 2011 this December to pursue job growth and economic development partnerships between Massachusetts and Brazil.

Sykes will contribute his expertise to help the delegation assess economic development opportunities that encourage Brazilian companies to invest and create jobs in Massachusetts. During the trip, Sykes will take part in roundtables, company visits and meetings with government and business officials.

I am proud to be a part of this exciting mission to Brazil, said Kirk Sykes, president of Urban Strategy America Fund, a New Boston fund. It is important to market Massachusetts abroad in order to further stimulate economic development in our state during a challenging economy.

We are committed to competing for every job in every corner of the Commonwealth, and the world, said Governor Patrick. To continue our recovery, we need to position Massachusetts for success in growing markets like Brazil, to drive job growth and catalyze international investment.

From December 4-9, 2011, Sykes will join the Governor's delegation during stops in Brasilia, Sao Paulo and Rio de Janiero visiting Brazilian companies, universities and government leaders -- highlighting all that Massachusetts has to offer to Brazil.

In 2010, bilateral trade between Massachusetts and Brazil topped $475 million - representing more than $396 million in exports to Brazil and more than $80 million in imports to Massachusetts.

The mission will explore growth opportunities within Massachusetts' innovation-based industries and areas of common interest between the state's established and emerging partners in Brazil.

About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns.

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