For Immediate Release - June 01, 2010

Patrick-Murray Administration Marks Groundbreaking of MathWorks Expansion Project

Natick project is one of over 50 construction projects supported by the Administration that will break ground and create jobs in 2010

NATICK - Tuesday, June 1, 2010 - Continuing the Patrick-Murray Administration's efforts to promote job growth and long-term economic recovery, Secretary of Housing and Economic Development Greg Bialecki today joined with MathWorks CEO Jack Little, over 1,000 MathWorks employees, and state and local leaders to mark the beginning of a major construction project at the company's Natick campus that will result in 600 permanent jobs, dozens of construction jobs, and $100 million of new investment in the area. This project was jumpstarted by a $1.3 million Massachusetts Opportunity Relocation and Expansion (MORE) Jobs Capital grant from the Administration as well as multi-agency coordination that allowed for major infrastructure improvements in the area.

"This is what it's all about - putting shovels in the ground and people to work immediately," said Governor Deval Patrick. "This project is an excellent example of the critical collaboration and investment that leads to both construction and permanent jobs, as well as support for the vital industries that are critical to the Commonwealth's long-term economic success."

"We are excited for the groundbreaking of Mathworks' expansion in Natick, and the company's commitment to create jobs and grow their business in the Commonwealth," said Lieutenant Governor Timothy Murray. "During the 2010 construction season, it is encouraging to see immediate job creation, like this project, that will support the Commonwealth's recovery as well as long-term sustainability and growth."

The $1.3 million MORE Jobs Capital grant supported a variety of infrastructure improvements along the Route 9 corridor necessary to facilitate MathWorks' expansion, which will include the construction of a new garage and building, the renovation of existing buildings, and redesign of the Natick campus. The Patrick-Murray Administration's Executive Office of Housing and Economic Development and Department of Transportation 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.

"The MathWorks is a key employer for both the MetroWest and the Commonwealth, so their ability to continue to grow and thrive in Natick is vitally important. This project is truly the result of a fantastic partnership between the town, the state and The MathWorks, and I'm very excited to see it go forward after working so hard to bring it to fruition. I applaud the MathWorks for their commitment to providing good jobs to Massachusetts residents and to being a good corporate neighbor," said Senator Karen Spilka.

"I could not be more pleased that MathWorks will be breaking new ground, creating new jobs and growing our economy, not just in Natick, but throughout the entire Commonwealth through the use of this grant," said Representative David P. Linsky.

"This expansion represents a major investment in the future of MathWorks, and our continued commitment to the town of Natick and the Commonwealth of Massachusetts," said Jack Little, president and co-founder of MathWorks. "Both the town and the Commonwealth have been very supportive partners to us over the years, and we've strived to return that support by being active members of the community and a responsible employer. This project also reflects our core values and philosophy, which is to take the long-term view and to focus on continuous improvement, despite short-term challenges and economic cycles."

This project is one of more than 50 housing and economic development projects, both renovation and new construction, expected to break ground this year, totaling more than $1 billion dollars in development investments in the Commonwealth. Each of these projects has been initiated by an investment from the Patrick-Murray Administration. Together, they will create thousands of jobs throughout Massachusetts.

 

On October 14, 2009, Governor Patrick, Lieutenant Governor Murray, and several members of the Cabinet visited the MathWorks campus to sign an executive order establishing the Science Technology Engineering and Math (STEM) Advisory Council. The Council, chaired by Lieutenant Governor Murray, serves as the central coordinating entity to bring together all of the participants and parties from state agencies, the legislature, educators, and members of the public and private sectors involved with STEM planning and programming.

 

This recent investment is just one part of the Administration's multi-pronged strategy for growth through supporting small businesses; regional economic development; and strategic investments in education, infrastructure and innovation. Key to supporting this strategy is partnership with local communities and the private sector that fosters residential and commercial growth, and the successful leveraging of a number of state resources that spur that growth including:

• The Growth Districts Initiative - by working with communities to plan ahead for new growth and development that is consistent with their long-term community vision, regional needs and with the Commonwealth's sustainable development principles, the Administration is creating an entire network of places around the state where new growth is being welcomed and encouraged.

• The Chapter 43D Expedited Permitting - by working with communities to support prompt and predictable permitting for development that is consistent with community plans, dozens of communities have made a commitment to issue permits for commercial development in six months or less in order to helps facilitate targeted economic development that is consistent with their long-term plans.

• The Massachusetts Opportunity Relocation and Expansion (MORE) Jobs Capital program - by targeting public infrastructure investments and improvements needed to support private development activity and business expansion, cities and towns get the tools they need to spur economic development, job retention and expansion.

• The newly reformed Economic Development Incentive Program (EDIP) - by partnering with companies and municipalities focused on job creation, manufacturing job retention and private investment, the Administration is working to stimulate business growth throughout the Commonwealth.

• Through a wide array of state and federal programs administered by the state Department of Housing and Community Development, the Commonwealth can provide direct financial assistance, where appropriate, to residential and commercial development projects through low-cost financing, tax credits and other forms of financial support.

 

 

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