GOVERNOR PATRICK VISITS MATHWORKS HEADQUARTERS TO HIGHLIGHT BUSINESS DEVELOPMENT UNDERWAY IN NATICK
Natick project will yield 600 new jobs and support $112M in new investment
Governor Patrick answers a question about using new technologies to alleviate traffic in the Commonwealth at a Town Hall meeting for MathWorks employees.(Photo credit: Matt Bennett/Governor's Office). View additional photos.
NATICK - Tuesday, October 19, 2010 - With a continued focus on promoting job growth and long-term economic recovery, Governor Deval Patrick today toured the MathWorks expansion project in Natick to view construction progress, and met with MathWorks employees to highlight the importance of this project in spurring private development in the region. This project, made possible through a number of state funding sources, will result in 600 new permanent jobs and dozens of construction jobs.
Once complete, the MathWorks expansion project will consist of a new parking garage and building, the renovation of existing buildings onsite, a re-landscaping of the campus, and will address major traffic concerns at the intersections of Route 9 and Oak Street, and Routes 9 and 27. These improvements, which began on June 1, 2010, at a groundbreaking ceremony with Governor Patrick, will support $112 million of new investment in the area.
"Our number one priority is putting shovels in the ground and people to work right now," said Governor Patrick. "Visiting the MathWorks campus today, and speaking with the individuals hard at work here, provides tangible proof that our jobs growth strategy is paying off."
The Patrick-Murray Administration helped jumpstart the MathWorks project by providing a $1.3 million MORE Jobs Capital grant to fund a variety of infrastructure improvements along the Route 9 corridor necessary to facilitate MathWorks' expansion. The Massachusetts Executive Office of Housing and Economic Development and the Massachusetts Department of Transportation also developed a solution to major traffic concerns in the area that included funding and expediting the design of road improvements to the intersections of Route 9 and Oak Street, and Routes 9 and 27. These public infrastructure improvements were critical to ensuring that MathWorks was properly equipped to support its new business growth.
"This is a great example of a public/private partnership. By working together, the state has helped provide tools for businesses to expand. I am thrilled that we have continued to work on this area of economic growth. The MathWorks expansion will bring high paying, good jobs to the MetroWest and will help fuel our economic recovery," said Senator Karen Spilka.
"I am pleased to see Governor Patrick visiting the MathWorks expansion project, a project that will create 600 new jobs and retain 1,200 jobs. With our economy continuing to come out of this recession, this expansion project will help get people back to work, not only in the MetroWest area but across the Commonwealth," said Representative Alice Peisch.
Since day one, Governor Patrick's top priority has been to create jobs and build a stronger economic foundation for the people of Massachusetts. Through fiscally responsible, targeted investments in the life sciences and clean energy sectors, along with the largest investment in our public infrastructure in decades, the Patrick-Murray Administration is putting people back to work across the Commonwealth. As a result, Massachusetts is emerging from the recession faster and stronger than any other state in the nation.
The Commonwealth continues to lead the nation in recovery. Massachusetts has added nearly 65,000 new jobs since December 2009. In its 2010 edition of America's Top States for Business, CNBC named Massachusetts in the top five nationally for business competitiveness. And Massachusetts has an unparalleled entrepreneurial spirit, which is why for the second year in a row, Suffolk University's Beacon Hill Institute ranked Massachusetts at the top in its annual Competitiveness Report.
The Federal Reserve Bank of Philadelphia reports that since the national recession began in December 2007, Massachusetts' economy has performed better than 33 of the 50 states. In the last quarter of 2009, Massachusetts outperformed 48 other states. And, expressly citing the Governor's successful management through the national fiscal crisis, all three national rating agencies - Standard & Poor's, Fitch and Moody's - have re-affirmed the state's AA bond rating.
To learn more about the Governor's job creation and economic growth initiatives, visit www.mass.gov/governor/jobs.