In 2017 the EACC has awarded economic development incentives to 13 companies in 11 communities. This will support the creation of 1,181 new jobs, and the retention of 4,685 existing jobs, and will deliver $469 million in private investment. Six of the awarded projects are manufacturers, and 8 projects are located in Gateway Cities.
Evans Machine Company, Inc. (Brockton) - Evans Machine Company is a precision manufacturer of machined parts. They plan to add 10,000 square feet to their current facility to expand operations, and will create 14 new jobs while retaining 59 and investing $2,262,750. The EACC Board approved $105,000 in investment tax credits.
3Dekor LLC (Lawrence) - 3Dekor is an online retailer planning to invest $2,136,500 to transition into a manufacturer of shower curtains, curtain panels, tapestries, slipcovers, and rugs. The company currently imports all its products. This shift will create 35 new jobs and retain 1 job. The EACC Board approved $256,380 in investment tax credits.
Maxon Precision Motors, Inc. (Taunton) - Maxon Precision Motors is a wholesale distributor planning to expand into the assembly and modification of motors. As part of this process, the company is relocating to Taunton, investing $11,085,000, creating 70 new jobs, and retaining 42 jobs. The City of Taunton has approved a tax-increment financing agreement (TIF) valued at $1,148,638. The EACC Board approved $1,000,000 in investment tax credits.
Modern Mold and Tool, Inc. (Pittsfield) - Modern Mold and Tool specializes in design, engineering, complex mold manufacturing, and injection molding. The company is investing $3,000,000 to expand its operations in Pittsfield, creating 20 new jobs and retaining 50 existing jobs. The EACC Board approved $145,000 in investment tax credits.
Wayfair, LLC (Boston) - Wayfair is an online furniture and accessories company that is investing $105,178,207 to expand its offices and equipment, and hire new employees to staff a variety of departments, including software and systems engineering, online marketing and analytics, merchandising, customer service, and sales. This expansion will create 460 new jobs, while retaining 2,880 jobs. The EACC Board approved $1,150,000 in investment tax credits.
EFEKTA Group, Inc. / Education First (Cambridge) - EFEKTA, part of Education First, will invest $133,400,000 to develop a third building for educational and business uses, on its North Point campus in Cambridge. This expansion will allow EF to create 300 new jobs and retain 1,150 existing jobs. The EACC Board approved $6,000,000 in investment tax credits.
Sound Seal (Agawam) - Sound Seal manufactures sound control products, and plans to invest $950,000 to purchase new equipment and add 10,000 square feet to their building, expanding the company’s manufacturing capacity. This expansion will create 15 new jobs, and retain 63 existing jobs. The Town of Agawam has approved a TIF valued at $38,122. The EACC Board approved $75,000 in investment tax credits.
Twins Enterprise, Inc. / ’47 Brand LLC (East Bridgewater) - Twins Enterprise, a distributor of sports apparel, is planning to invest $21,200,000 to expand and open a new distribution center in East Bridgewater. This new facility will create 30 new jobs, while retaining 287 existing jobs at other Twins Enterprise facilities, in Brockton and Salisbury. The Town of East Bridgewater has approved a TIF and personal property tax exemption valued at $536,000. The EACC Board approved $150,000 in investment tax credits.
Shire City Herbals, Inc. / Shire City Apples LLC (Pittsfield) - Shire City Apples manufactures Fire Cider, an organic apple cider vinegar tonic. Shire City Apples plans to invest $1,272,005 to build a new commercial kitchen, and expand the company’s office space and warehouse. The expansion will create 10 new jobs and retain 14 existing jobs. The City of Pittsfield has approved a TIF valued at $42,788. The EACC Board approved $74,000 in investment tax credits.
F.H. Cann & Associates, Inc. (North Andover) - F.H. Cann & Associates provides call center, answering, debt collection, and loan resolution services for student loans. The company is investing $1,887,500 to expand from 17,000 square feet to 50,000 square feet, after winning new business with the U.S. Department of Education. This expansion will create 220 new jobs, and retain 139 existing jobs. The EACC Board approved $2,000,000 in investment tax credits.
Local Incentive-Only Projects
Emerald Corporate Center, LLC (Chelsea) - Emerald Corporate Center invested $114,000,000 to purchase land from the City of Chelsea and develop a LEED Silver-certified, 275,000 square-foot office building, now home to the regional office of the FBI. The City of Chelsea has approved a TIF valued at $15,671,538.
Naumkaeg, LLC (Salem) - Naumkaeg, LLC is making a capital investment $862,000 to improve a commercial building for an incoming occupant, A&J Artisan Bakers, who will expand with more production space. The City of Salem has approved a TIF valued at $84,122.
Algonquin Acquisition Company, LLC (Taunton) - Algonquin Acquisition Company, the parent company of Boston Globe Media Partners, is consolidating its printing operations in Taunton. The City of Taunton has approved a TIF valued at $1,307,357 million.