Manufacturing Retention Projects (MRP)
U.S. Tsubaki Automotive, LLC (Chicopee) - U.S. Tsubaki Automotive is a Tier I manufacturer of timing chains and timing chain systems supporting the global automotive industry. The company plans to meet growing customer demand by expanding its current 258,420 square foot facility by another 100,000 square feet. This expansion of production, warehouse, and office space will allow the company to hire 35 new employees, while retaining 348 current jobs on-site. The company will make a $20.6 million private investment in the project. The City of Chicopee has approved a Tax Increment Financing (TIF) agreement valued at $248,924. The EACC Board approved $525,000 in tax credits.
Aegis Energy Service, Inc. (Holyoke) - Aegis Energy Services manufactures, engineers, installs, and provides service for Combined Heat and Power (CHP), or cogeneration, systems throughout the Northeast and Mid-Atlantic states. The systems provide significant reductions in energy costs for the end user, provide resiliency, and reduce greenhouse gas emissions. The company began operations in 1985, and moved to Holyoke in 2005. Aegis has outgrown its 20,000 square foot facility, and plans to expand to an adjacent building. The expansion site, the former Parsons Paper facility, is a brownfield that has extraordinary site preparation costs. Aegis’s new facility will feature expanded production, testing, warehousing and office space. The company is also exploring the feasibility of adding a solar farm on-site. Aegis plans to create 30 new full-time jobs, retain 59 employees, and make a private investment of $6.9 million. The City of Holyoke has approved a 10-year Special Tax Assessment valued at $398,600. The EACC approved $300,000 in refundable tax credits.
Kronos Incorporated (Lowell) - Kronos is the global leader in providing workforce management solutions in the cloud, and is one of the largest technology employers in Massachusetts. The company currently maintains its global headquarters in Chelmsford, where it employs approximately 1,300 people. Kronos is proposing to relocate its headquarters to Lowell and expand its workforce by at least 400 new full-time jobs. The project is closely connected to the rehabilitation of Cross Point Towers and represents the single largest job increase in Lowell since the inception of the EDIP program in 1994. EDIP incentives will leverage private investment of $56 million. The City of Lowell has approved a Tax Increment Financing (TIF) agreement valued at $2.2 million. The EACC Board approved $8 million in refundable EDIP tax credits over multiple years.
Golden Cannoli Shells, Inc. (Chelsea) - Golden Cannoli Shells is a family-owned manufacturer of pastries and pastry fillings. The company is expanding its Chelsea manufacturing plant after winning contracts with several national retailers. Golden Cannoli Shells will expand its current facility by 4,500 square feet, expand into an adjacent 11,000 square foot warehouse, create 16 new jobs, and retain 52 existing jobs. The expansion project will generate a private investment of $5.6 million. The City of Chelsea previously approved a tax-increment financing agreement (TIF) valued at $8,000. The EACC Board approved $120,000 in state tax credits.
US Bedding, Inc. (Fall River) - US Bedding, Inc. manufactures quality bedding products for national distribution and sales. The company’s expansion project will create 50 new jobs, retain 38 existing jobs, and generate $475,000 in private investment. The EACC Board approved $190,000 in state tax credits.
Sealed Air Corporation (Holyoke) - Sealed Air is a multinational corporation with more than 25,000 employees, serving 175 countries. The firm is the inventor and manufacturer of Bubble Wrap packaging. Sealed Air is investing $1.2 million to expand its Holyoke manufacturing plant, creating 24 new jobs, and retaining 75 existing jobs. The EACC Board approved $132,000 in investment tax credits.
American Holdco, LLC (New Bedford) - American Holdco, LLC is among the world’s largest distributors of lobster and scallops. The firm is investing $1 million to expand the capacity of its New Bedford processing facility, creating 42 new jobs, and retaining 40 existing jobs. The EACC Board approved $400,000 in investment tax credits.
Pieco Holding dba Table Talk Pie, Inc. (Worcester) - Table Talk is a leading producer of pies, providing customers with a wide range of sizes and formats. The company currently produce pies in facilities in Worcester and Shrewsbury, and is expanding to a third production facility in Worcester. The expansion will create 50 new jobs, retain 30 existing jobs, and generate $7.4 million in private investment. The City of Worcester has approved a local tax-increment financing agreement (TIF) and personal property tax exemption valued at $6.56 million. The EACC Board approved $750,000 in investment tax credits.
Job Creation Project (JCP)
Acacia Communications, Inc. (Maynard) - Founded in 2009, Acacia Communications, Inc. designs, develops, manufactures, and markets intelligence subsystems for ultra-high speed fiber optic transmission for haul, local and ultra-haul applications. The company plans to expand on-site in Maynard, and purchase additional manufacturing, research and development, and high-end IT equipment. The company plans to create 100 new jobs within 2 years, retain 166 current positions, and make a private investment of $8.7 million. The EACC approved $100,000 in refundable tax credits.
SimpliVity Corporation (Westborough) - SimpliVity Corporation offers products designed to simplify corporate cloud technology needs. The company’s expansion will add 100 jobs, retain 389 jobs, and invest approximately $400,000 in its expansion. The EACC Board approved $100,000 in investment tax credits.
Akamai Technologies, Inc. (Cambridge) - Akamai Technologies is a global leader in web and mobile performance, cloud computing security, and online media delivery. Akamai is expanding its Cambridge corporate headquarters, consolidating its footprint into two buildings, from six, and growing its headcount substantially. The expansion will create 700 new jobs, retain 1,666 existing jobs, and generate $136,000,000 in private investment. The EACC Board approved $700,000 in state tax credits.
Expansion Projects (EP)
Hotel Salem Real Estate Holdings, LLC (Salem) - Lark Hotels, Inc. owns and operates more than a dozen boutique hotels in New England and California. The company intends to purchase and redevelop the former Newmark department store into a boutique hotel. When redevelopment is complete, the building will serve as a 44-room hotel, with a bowling alley in the basement and a restaurant on the top floor and roof. The company plans to create 15 permanent full-time jobs and make a $10.3 million private investment. The City of Salem has approved a 5-year TIF valued at $354,600. The EACC approved $112,500 in tax credits.
Absolute Machinery Corporation (Worcester) - Absolute Machinery was founded in 2000 as a used equipment supplier to the plastic processing equipment industry. The company, which has experienced consistent growth since its founding, will construct a 13,000 square foot addition to its current facility, creating more space for administrative offices, product showrooms, and internal loading docks. Absolute Machinery will create 6 new jobs, retain 14 jobs, and make a private investment of $1.025 million. The City of Worcester has awarded the company a 10-year TIF valued at $77,899. The EACC approved $45,000 in investment tax credits.
Imperial Distributors, Inc. (Worcester) - Imperial Distributors, Inc. has been in the business of supermarket non-foods for more than 75 years. The company distributes over 25,000 health and beauty care, general merchandise, and seasonal items to more than 3,500 stores in 45 states. Imperial plans to consolidate its 6 warehouses to one large facility in Worcester. This investment will increase operating efficiencies and lower costs, while providing sufficient capacity for the future. Imperial will create 21 new jobs and retain 353 existing positions. The company will make a private investment of $12.9 million. The City of Worcester has approved a 15-year TIF valued at $7.7 million. The EACC approved $157,500 in investment tax credits.
The Beyond Place, LLC (North Adams) - The Beyond Place, LLC is a nature-based resort in North Adams currently undergoing redevelopment. The project’s first phase will see a former 1960s motor court hotel redeveloped into a 47-room hotel, creating 14 new full-time jobs, and generating over $5.3 million in private investment. Subsequent phases will create a 40-acre nature activity park, and allow for the adaptive restoration of the historic Blackinton Mill. The City of North Adams has approved a TIF valued at $60,000. The EACC Board approved $70,000 in tax credits.
Cumberland Farms, Inc. (Westborough) - Cumberland Farms is a family-owned and operated business that was incorporated in 1984. Today, the company operates a retail convenience store and gas station business, with a network of 600 retail stores in eight states employing more than 5,000 associates. Cumberland Farms plans to consolidate and expand operations in its Westborough facility, where it is investing $12.8 million, creating 150 new jobs, and retaining 608 existing jobs. The Town of Westborough has approved a TIF valued at $124,000. The EACC Board approved $150,000 in tax credits.
FedEx Ground Package System, Inc. (Seekonk) - FedEx is proposing to build a new distribution center in Seekonk that would assist with a projected increase in package volume, and house the FedEx Home Delivery station currently based in Rhode Island. FedEx will invest $48 million in this project and create 26 new full-time jobs. The Town of Seekonk approved a TIF valued at $1.14 million. The EACC Board approved $195,000 in tax credits.
Jarvis Surgical, Inc. (Westfield) – Jarvis Surgical is a manufacturer of precision components for the orthopedic industry. The company manufactures components for replacement knees, hips, shoulders and spines. The company is constructing a 15,000 square foot addition to their current facility, investing over $4 million, adding 41 new full-time positions, and retaining 66 employees. The City of Westfield approved a $40,000 TIF. The EACC approved $430,000 in EDIP tax credits.
Broadway Hotel LLC (Chelsea) - The Broadway Hotel project is a 124-room hotel, with public restaurant and meeting space, located near Logan International Airport. The hotel project will complete Chelsea’s Mill Creek waterfront walkway, remediate environmental contamination on a brownfield, and provide a new commercial anchor for Chelsea’s Broadway corridor. The project will create 40 new jobs and generate $29,800,000 in private investment. The City of Chelsea has approved a TIF and personal property tax exemption valued at $852,000. The EACC Board approved $280,000 in state tax credits.
VCA Inc. / Alloy LLC (Northampton) - VCA Inc. is a custom manufacturer of high-end furniture and architectural millwork. VCA is expanding its existing 20,000 square foot facility, adding an additional 13,000 square feet of space for its millwork and finish departments. The expansion will create 6 new jobs, retain 30 existing jobs, and generate $1,400,000 in private investment. The City of Northampton has approved a TIF valued at $3,600. The EACC Board approved $75,000 in state tax credits.
AHEAD, LLC (Dartmouth) - AHEAD designs and manufactures headwear, apparel, and accessories for golf and other industries. AHEAD will invest $11 million to expand its Dartmouth site by 78,000 square feet, creating additional space for warehousing, light manufacturing, and offices. This expansion will create 25 new jobs and retain 261 existing jobs. The Town of Dartmouth has approved a TIF valued at $124,000. The EACC Board approved $312,500 in investment tax credits.
Ice Cube LLC / Hutchens Holding II, LLC (Fall River) - Ice Cube LLC is a subsidiary of Raw Seafoods, a seafood processing company that handles fresh and frozen scallops, fish, and value-added seafood. Raw Seafoods is constructing a new cold storage facility on a vacant parcel adjacent to its existing plant. The expansion project will create 12 new jobs, retain 206 existing jobs, and generate $15 million in private investment. The City of Fall River has approved a TIF valued at $800,000. The EACC Board approved $150,000 in tax credits.
Decker Machine Works, Inc. (Greenfield) - Decker Machine Works was established in 1982, and has more than 30 years’ experience fabricating multi-axis machined parts, across a wide spectrum of materials. Decker is purchasing and renovating a new facility in Greenfield, adding a clean room, making new equipment purchases, and facilitating the company’s long-term growth. The project will create 10 new jobs, retain 18 existing jobs, and generate $2.3 million in private investment. The Town of Greenfield has approved a TIF valued at $43,000. The EACC Board approved $125,000 in investment tax credits.
International Container Co. LLC (Greenfield) - International Container Co. LLC specializes in the manufacture of roll-off, hook-lift, and front- and rear-load containers, and a wide variety of special application containers for the solid waste industry. The company is constructing a new 125,000 square foot production facility in Greenfield, and purchasing new equipment. The company’s expansion will create 32 new jobs, retain 48 existing jobs, and generate $9.2 million in private investment. The Town of Greenfield has approved a TIF valued at $1.8 million. The EACC Board approved $400,000 in investment tax credits.
Patriot Beverage, LLC (Littleton) - Patriot Beverage, LLC, a wholly-owned subsidiary of CPF, Inc., bottles Pepsi products at a plant in Ayer. CPF is purchasing a vacant former bottling plant in Ayer, in order to expand its business into new product lines and container sizes. CPF’s expansion will create 50 new jobs and generate a private investment of $23 million. The Town of Littleton has approved a TIF valued at $113,786. The EACC Board approved $625,000 in investment tax credits.
Bianco & Sons Inc. (Medford) - Bianco & Sons is a 56-year-old family-owned meat and sausage manufacturer, serving regional supermarket chains, large wholesale food and provision suppliers, and licensed street vendors. The company is expanding from its current 6,000 square foot plant, to a newly purchased 29,000 square foot facility in Medford. The expansion project will create 20 new jobs, retain 27 existing jobs, and generate more than $8.5 million in private investment. The City of Medford has approved a TIF valued at $67,000. The EACC Board approved $250,000 in investment tax credits.
Freedom Restoration & Cleaning LLC (New Bedford) - Freedom Restoration & Cleaning provides carpet and upholstery cleaning, as well as emergency water, fire, smoke, and mold clean-up and restoration services. The company is relocating from Rhode Island, purchasing a New Bedford property to serve as its new headquarters, creating 12 new jobs, and making a private investment of $615,000. The City of New Bedford has approved a TIF valued at $32,000. The EACC Board approved $36,274 in investment tax credits.
Granite Telecommunications, LLC (Quincy) - Granite Telecommunications provides telecommunications services, including local and long distance dial tone, broadband, long distance, wiring, alarm and other related services to multi-location businesses and government entities. Granite is continuing an EDIP expansion project begun in 2013, by acquiring and renovating a property at 61 Enterprise Drive in Quincy. Both phases of Granite’s EDIP expansion project will lead to the creation of a total of 846 jobs, the retention of 935 jobs, and a total private investment of over $45 million. The City of Quincy has approved a TIF valued at $1.9 million. The EACC Board approved $3.6 million in tax credits.
Prodrive Technologies, Inc. (Weymouth) - Prodrive Technologies manufactures and supplies robotics, power electronics and sensors, and is one of the fastest-growing technology companies in Europe. Prodrive is expanding into the United States by constructing a new production facility in Weymouth. In the first phase of an anticipated multi-phase project, Prodrive will make a private investment of $38 million, and create 110 new jobs. Prodrive will be the first major commercial tenant at Union Point development, the redevelopment of the former South Weymouth Naval Air Station. The City of Weymouth has approved a 20-year TIF valued at $4.7 million. The EACC Board approved $1.375 million in investment tax credits.
Local Incentive Only Projects
K Hyannis Hospitality, LLC (an affiliate of The Simon Konover Company) (Barnstable) - K Hyannis Hospitality, LLC has purchased a former Days Inn that closed in 2014. The company plans to renovate the facility and open a Fairfield Inn and Suites. The company will create 24 new jobs and make a private investment of $17.2 million. The Town of Barnstable has approved a 20-year TIF valued at $355,559.
Springfield Automotive Partners, LLC (Chicopee) - Springfield Automotive Partners was established in 2015 with the intention of owning and operating a Mercedes-Benz automotive dealership. The projected start date of operation is January 2017. The company plans to demolish an existing structure and construct a 35,000 square foot, state-of-the art automotive retail and service facility. The project will create 35 new jobs and generate a private investment of $11.8 million. The City of Chicopee has approved a 5-year TIF valued at $155,850.
Demoulas Super Markets, Inc. (Fall River) - Demoulas Super Markets, Inc. operates 75 supermarkets and 3 distribution centers across Massachusetts, New Hampshire, and Maine, employing approximately 25,000 people. Demoulas Super Markets’ Fall River expansion will anchor the redevelopment of the largely vacant New Harbour Mall. Demoulas Super Markets will purchase 9.53 acres of land, and construct an 85,000 sq. state-of-the art Market Basket supermarket. This project will lead to the creation of 75 full time permanent positions and 325 part-time positions. The private investment is estimated to be $16 million. The City of Fall River has approved a 15-year TIF valued at $4.4 million.
Harbour Hill, LLC (Fall River) - The project is a complete redevelopment of the former New Harbour Mall in Fall River. Existing buildings will be demolished, or gutted and refurbished with modern facades; the developer will resurface and landscape parking facilities, and install new pedestrian-friendly sidewalks and signage. The redevelopment is expected to attract new businesses that will hire an estimated 200 full-time employees, and 300 part-time employees. The project is estimated to generate $25 million in private investment. The City of Fall River has approved a 15-year TIF valued at $7.8 million.
Michael's Party Rentals, Inc. (Palmer) - Michael’s Party Rentals provides tents and event equipment to people, companies, and universities hosting events. Currently, the company operates in 9,000 square feet of space at two locations in Ludlow. The company plans to purchase a 20,000 square foot building in Palmer, and consolidate into the facility, allowing the company to increase efficiency, build showcasing space, and wash tents in-house. The project will lead to the creation of 6 new jobs, and the retention of 6 employees. The private investment is estimated to be $665,000. The Town of Palmer has approved a 10-year TIF valued at $15,000.
HighRes Biosolutions, Inc. (Beverly) – HighRes Biosolutions designs and builds robotic systems and laboratory devices used by pharmaceutical and biotech companies, and academic research laboratories. HighRes has outgrown its current headquarters will be relocating to an 80,000 square foot facility in Beverly. The company expects to create 30 new jobs and retain 95 positions. The City of Beverly has approved a 10-year TIF agreement valued at $180,000.
M.A.S. Realty Corporation (Fitchburg) – M.A.S. Realty will redevelop a turn-of-the-century mill building on Nockege Street in Fitchburg into modern office space, with a private investment of $11.2 million. The mill has been largely vacant since 2000. Multiple tenants have pre-leased space, pending reconstruction and renovation. The City of Fitchburg approved a 10-year TIF valued at $867,000.
103 Worcester Street, LLC (Grafton) – 103 Worcester Street is a proposed a $2.1 million investment in a new, 45,000 square foot building that will house dental and medical offices. The Town of Grafton has approved a 10-year TIF valued at $150,000.
Nestingly, LLC / The Cubit (Holyoke) – The Cubit is a former wire manufacturing facility in downtown Holyoke that is being redeveloped into a mixed-use commercial and residential facility. Holyoke Community College’s culinary arts and hospitality program will anchor the building’s first two floors, with rental apartments on the upper floors, and commercial space in the complex’s lower floor. The City of Holyoke is supporting the $3 million redevelopment with a 6-year TIF valued at $67,000 for the commercial space.
Garlan Chain Co., Inc. (North Attleboro) – Garlan Chain Company is a second-generation family-owned and operated manufacturer of base and precious metal jewelry chains. The company will expand and double its square footage by purchasing a 21,000 square ft.building in North Attleboro, creating 10 new jobs, retaining 16 current employees, and making a private investment of $1.7 million. The Town of North Attleboro has approved a 10-year TIF valued at $25,000.
MACOM Technology Solutions, Inc. (Lowell) – Founded in 1950 and headquartered in Lowell, MACOM is a global developer and manufacturer of integrated circuits, components and modules for industries that include aerospace, telecom, military, and medical. MACOM is expanding its campus, constructing a new, 50,000 square foot office building, creating 47 new jobs, retaining 373 current employees, and investing $15 million. The City of Lowell has approved a 10-year TIF valued at $997,000.
Glassman Services Inc. dba SERVPRO (New Bedford) – SERVPRO specializes in the cleanup and restoration of residential and commercial property after a fire, smoke or water damage, as well as the mitigation of mold and mildew. The company’s expansion will reactivate a vacant building, resulting in a private investment of $600,000, and creating 5 new jobs that will be exclusively offered to New Bedford residents. The City of New Bedford has approved a 5-year Special Tax Assessment valued at $34,000.
Greylock Works, LLC / Latent Productions (North Adams) – Greylock Works, LLC will redevelop a 240,000 square foot abandoned building complex, creating new space for residential lofts, hospitality and cultural projects, and cleaning a current Brownfields site. The project will generate $8.5 million in private investment. The City of North Adams has approved a 10-year TIF valued at $257,000 for the project’s commercial component.
Omni Life Science, Inc. (Raynham) – Omni Life Science, Inc. is a global orthopedic medical device company serving surgeons and hospitals. Omni is relocating to Raynham, renovating a 40,000 square foot vacant building, and investing $2.8 million in the process. The relocation and expansion will create 15 new jobs and retain 70 current jobs. The Town of Raynham has approved a 15-year TIF valued at $340,000.
C&S Capital Properties, LLC (Stoneham) – C&S Capital Properties will redevelop an antiquated office building, two residential structures, and a vacant parcel of land located one block from Stoneham Center. The $4 million redevelopment will create new, modern commercial space, with ground-floor retail. The Town of Stoneham has approved a 10-year TIF valued at $210,000.
Fathers & Sons, Inc. (West Springfield) - Fathers & Sons, Inc. is a local automobile dealership that will invest $11.5 million in the reconstruction and expansion of Volkswagen and Audi showroom space. The expansion will create 15 new full-time jobs and retain 20 jobs. The City of West Springfield has approved a 5 year-TIF valued at $300,000.
Martin Development LLC (Amesbury) - Martin Development LLC is renovating a vacant three-story former mill building on the edge of Amesbury’s downtown into modern office and retail space. The project will generate initial private investment of $2,500,000. The City of Amesbury has approved a 10-year TIF valued at $133,000.
Pfizer, Inc. (Andover) - Pfizer is expanding its Andover campus, constructing a new, 175,000 square foot pharmaceutical therapy manufacturing and production facility. The new facility will focus on Phase I and Phase II clinical trials. Pfizer’s expansion will create 75 new jobs, retain 1,109 existing jobs, and generate $200,000,000 in private investment. The Town of Andover has approved a 5-year TIF valued at $2,900,000.
Rosev Dairy Foods, Inc. (Chelsea) - Rosev Dairy Foods, a leading distributor of dairy, ice cream and food products, is expanding out of its current leased facility, and constructing a new, energy-efficient, 13,000 square foot building. The expansion project will create 5 new jobs, retain 30 existing jobs, and generate $6,675,000 in private investment. The City of Chelsea has approved 5-year TIF valued at $27,000.
Stationery Factory LLC (Dalton) - The Stationery Factory is the redevelopment of a former paper factory into a diverse community of small businesses and artists. The Town of Dalton has approved a 10-year TIF valued at $322,000.
New Bedford Urban Renaissance II, LLC (New Bedford) - Columbus Group is redeveloping a vacant building in New Bedford’s Transformative Development district into a 68-room boutique hotel. The redevelopment will create 50 new jobs, and generate $10 million in private investment. The City of New Bedford has approved a 15-year TIF valued at $606,000.
William Green, Inc. (Shelburne) - William Green, Inc., a manufacturer of wood cabinets, is expanding to Shelburne, creating 7 new jobs, retaining 7 existing jobs, and generating $1,300,000 in private investment. The Town of Shelburne has approved a 10-year TIF valued at $53,000.
Siemens Healthcare Diagnostics, Inc. (Walpole) - Siemens Healthcare Diagnostics, Inc., an international manufacturer of medical testing and diagnostic equipment, plans to launch a significant expansion of its Walpole headquarters. The $300 million expansion project will overhaul the company’s office, warehouse, and lab space, and create 400 new jobs, while retaining 629 existing jobs. The Town of Walpole has approved a 20-year TIF valued at $18,300,000. The Massachusetts Life Sciences Center has awarded $735,000 in state tax incentives to Siemens’s expansion.
Curtis Industries, LLC (West Boylston) - Curtis Industries, LLC manufactures vehicle cab systems and related accessories. The company is investing $8 million in its expansion project. The Town of West Boylston has approved a 13-year TIF valued at $803,000.
Maple Hotel Company (Chelsea) - The Maple Hotel Company will invest $9.8 million to redevelop the current Wyndham Chelsea Hotel, including complete interior and exterior renovation, and a change in brand affiliation to DoubleTree by Hilton. This project will retain 51 jobs. The City of Chelsea has approved a TIF valued at $480,000.
775 Davol St, LLC (Fall River) - 775 Davol St plans to demolish an abandoned, blighted building and construct a new 19,450 square foot medical office building. The project will create 16 new jobs, retain 25 existing jobs, and generate $3.3 million in private investment. The City of Fall River has approved a TIF valued at $235,000.
CEA Nashua, LLC (Fall River) - CEA Nashua will invest $5 million to completely redevelop and renovate a retail mall in Fall River. The City of Fall River has approved a TIF valued at $620,000.
AACO Realty Corp. (Holyoke) - AACO Realty Corp. will restore an abandoned manufacturing building into a mixed-use commercial and residential complex. The City of Holyoke has approved a TIF valued at $218,000, to support AACO Realty’s $650,000 investment in creating two floors of commercial space.
Quality Custom Packaging, Inc. (New Bedford) - Quality Custom Packaging supplies private branded, frozen block, and fresh scallops. The company is investing $900,000 to expand its plant, creating 21 new jobs, and retaining 5 existing jobs. The City of New Bedford has approved a special tax assessment valued at $37,000.
Moderna Therapeutics, Inc. (Norwood) - Moderna Therapeutics is a global life sciences company headquartered in Cambridge, and focused on the development of transformative medicines and biotechnology therapies. Moderna is investing $110 million in the leasing and renovation of a 200,000 square foot facility in Norwood, for use as a clinical research development and manufacturing facility. The expansion project will create 120 new jobs and retain 100 existing jobs. The Town of Norwood has approved a TIF valued at $1.7 million.
Chacharone Properties, LLC (Worcester) - Chacharone Properties owns and develops commercial properties in and around Worcester. The developer plans to invest $600,000 to construct a building at 65 Armory Street, to fill regional needs for high-quality manufacturing space. The City of Worcester has approved a TIF valued at $90,000.