SALEM — The Salem law firm of Tinti, Quinn, Grover and Frey has been selected by the Massachusetts Development Finance Agency as the only firm on the North Shore to act as bond counsel. The Finance Agency is the state’s leading issuer of tax-exempt industrial development bonds, which are used by manu facturers non-profit institutions, long-term care facilities and environmental enterprises. William Tinti is well-known in the area as a community activist, serving with such groups as the North Shore Chamber of Commerce, the Salem Partner- ship, the Essex National Heritage Commission and the Peabody Essex Museum. Tinti’s firm will be working with Shapiro, Israel and Weiner, a Boston firm; the two firms filed a joint submission with the agency. “The most important aspect of the appointment of our two firms is the recognition that the economy of the North Shore needs access to all available sources of financing,” Tinti said. “We will do everything In our power to expand the use of bonds and bring the advantage of lower borrowing costs to the businesses and institutions of this region.”

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