For Immediate Release - June 26, 2012

PATRICK-MURRAY ADMINISTRATION APPROVES ECONOMIC DEVELOPMENT PROJECTS THAT WILL CREATE AND RETAIN 6,915 JOBS IN COMMUNITIES ACROSS THE COMMONWEALTH

BOSTON --Tuesday, June 26, 2012 – The Economic Assistance Coordinating Council (EACC) today approved 17 projects for participation in the Economic Development Incentive Program (EDIP). The projects are expected to create 989 new jobs and retain 5,926 existing jobs, in addition to leveraging over $419 million in private investment and supporting construction projects across the Commonwealth.

“The Patrick-Murray Administration remains committed to growing our economy and creating jobs through supporting our small businesses and helping them grow and expand here in the Commonwealth,” said Housing and Economic Development Secretary Greg Bialecki. “These EDIP investments are consistent with that goal and part of an overall economic development strategy designed to help Massachusetts continue to recover, and position our businesses and cities and towns for long-term growth and prosperity.”

For calendar year 2012, the Economic Assistance Coordinating Council has approved a total of 26 projects for participation in the Economic Development Incentive Program. The projects will create 1,309 new jobs and retain 7,525 existing jobs, in addition to leveraging more than $526 million in private investment and supporting construction projects across the Commonwealth.

The EDIP is the Commonwealth’s investment tax credit program for businesses. In 2009, Governor Patrick and Secretary Bialecki, along with the Legislature, reformed the program and as a result EDIP has become one of the most effective programs helping businesses grow in Massachusetts. Since these changes, 104 projects have received approval, leading to the creation of 6,017 new jobs, retention of 22,744 existing jobs and leveraging of $3.2 billion in private investment. The EACC has assisted 61 manufacturers through the EDIP program and supported 44 projects in Gateway Cities.

The EACC approved the following projects at today’s meeting:

Enhanced Expansion Projects (EEP)

Vecna Technologies, Inc. (Cambridge) - Founded in 1999 by Massachusetts Institute of Technology alumni, Vecna Technologies is a woman-owned, self-funded, high-technology firm. The company has emerged as a market leader in infection prevention software, patient self-service kiosks and robotics. In 2010, the company was awarded a contract from the Veterans Health Administration, designating them as the nationwide provider of Patient Self-Service Kiosks for VA hospitals and community healthcare centers. As a result of the contract award, Vecna bought two former Pfizer buildings in Cambridge to expand its manufacturing capacity and office space. The project will create 220 full-time jobs, retain 109 full-time jobs and has an expected private investment of $9.4 million. The Economic Assistance Coordinating Council has approved $382,950 in EDIP Investment Tax Credits.

Manufacturing Retention Projects (MRP)

General Dynamics Advanced Information Systems, Inc. (Pittsfield) - General Dynamics Advanced Information Systems is a defense contractor specializing in manufacturing and has been operating from the Pittsfield facility for over 50 years. The company is considering relocating manufacturing lines from Maryland and Virginia to Pittsfield, with the intent to make this site one of their Core Manufacturing Facilities. A private investment of over $18 million will enable the company to upgrade their current 866,000 square-foot facility and to expand square footage by 5 percent. The Manufacturing Retention Project will create 100 full-time jobs and retain 1,166 full-time jobs at the project location. The Economic Assistance Coordinating Council has approved $3,332,000 in EDIP Investment Tax Credits.

NE Opco, Inc. d/b/a National Envelope (Westfield) - Founded in 1952, National Envelope is the largest privately-owned envelope producer in North America. The company was purchased by the Gores Group in 2010 and has solidified its market position within its core wholesale customer segment, while gaining share in commercial and retail customer segments. They have recognized an opportunity to expand their product line and the Westfield facility has been chosen to provide the manufacturing, warehouse and distribution support for the new product launch. A private investment of over $3.2 million will enable the necessary equipment purchases and building enhancements. The Manufacturing Retention Project will create 12 new full-time jobs and retain 310 full-time jobs. The Economic Assistance Coordinating Council has approved $315,215 in EDIP Investment Tax Credits and there are another $122,500 of depreciable assets upon which the company should be eligible to use their 3 percent manufacturer’s investment tax credits which represent an additional savings of $3,675.

Expansion Projects (EP)

Crown Linen Service, Inc. (Brockton) - Crown Linen Uniform and Linen Service is a fourth-generation family business founded in Boston over 90 years ago. The company provides a variety of services including work uniforms, corporate and healthcare apparel, medical scrubs and linen services and facility services, to over 7,500 businesses throughout New England. As a result of steady growth, the company has outgrown its current facility and has identified a 60,000 square-foot abandoned building in Brockton as a viable site. Due to the condition of the building, Crown Linen Service will demolish the building and build a new facility of approximately the same size. A private investment of $8 million is expected for property, construction and equipment furnishings. The Expansion Project will create five full-time jobs and retain 30 full-time jobs. The City of Brockton is supporting the project with a 13-year Tax Increment Financing agreement in the amount of $1,057,194. The Economic Assistance Coordinating Council has approved $100,000 in EDIP Investment Tax Credits.

Keurig, Inc. (Burlington) - A wholly-owned subsidiary of Green Mountain Coffee Roasters, Keurig has grown into the largest provider of single-brew technology. Due to increasing demand for its products, the company has outgrown its spaces in Reading, Wakefield and Woburn and plans to consolidate and relocate its operations to a 13-acre site in Burlington. During the first phase of the project, the company will purchase and renovate an existing building and will construct a 70,000 square-foot expansion. Phase I of the project will create 100 full-time jobs, retain 368 full-time jobs and has expected private investment of $21 million. The Town of Burlington is supporting the Enhanced Expansion Project with a 15-year Tax Increment Financing agreement in the amount of $837,746. The Economic Assistance Coordinating Council has approved $360,000 in EDIP Investment Tax Credits for Phase I of the project and invited the company to come forward and apply for additional EDIP Investment Tax Credits when it is closer to the start of Phase II. Keurig will also be taking advantage of the Commonwealth’s 10 percent Abandoned Building Tax Deduction.

Saint-Gobain Ceramics & Plastics, Inc. (Devens) – Saint-Gobain Ceramics & Plastics is part of the Innovative Materials Division of Saint-Gobain, a multi-national company headquartered in France. A new business unit, High Performance Substrates, is being created to manufacture and sell sapphire wafers for use in the LED (Light Emitting Diodes) Lighting Industry. The LED industry is anticipated to grow more than 30 percent per year over the next 10 years. The company plans to lease 200,000 square feet of space at the former Evergreen Solar facility to manufacture these wafers. A private investment of over $31.3 million is expected for building renovations and equipment to accommodate the needs of this highly specialized type of manufacturing. The expansion will create 90 full-time jobs in the Commonwealth. Devens will be supporting the project with a five-year Tax Increment Financing agreement. The Economic Assistance Coordinating Council has approved $1,703,760 in EDIP Tax Investment Credits contingent upon finalization of Devens granting the company a TIF (expected this fall). In addition, there are almost $3 million in other depreciable assets upon which Saint-Gobain should be eligible to use their manufacturers 3 percent investment tax credits on which could represent an additional $89,520 tax reduction.

The TJX Companies, Inc. (Framingham) - The TJX Companies is the leading off-price retailer of apparel and home fashions in the United States and worldwide. Given continued global growth, the company has a need for additional headquarters space. This project reflects the Framingham portion of TJX’s plan to create a dual campus in Massachusetts. The company plans to consolidate and expand its headquarters operations across two sites: 770 Cochituate Road, in Framingham, and 300-400 Puritan Way, in Marlborough. Currently, the company leases their Cochituate Road Headquarters, but plans to purchase and renovate the building with an expected private investment of just under $147 million. The Expansion Project will create 225 full-time jobs and retain 3,113. The Town of Framingham is supporting the project with a 20-year Tax Increment Financing agreement in the amount $6,501,230. The Economic Assistance Coordinating Council has approved $2,250,000 in EDIP Investment Tax Credits.

The TJX Companies, Inc. (Marlborough)- This project reflects the Marlborough portion of TJX’s plan to create a dual campus in Massachusetts. The company has entered into agreement to purchase the 300-400 Puritan Way site in Marlborough and expects a private investment of over $117 million to be spent on the building purchase, redevelopment, furnishings and equipment. Ultimately, the company will be relocating 1,600 employees from their Framingham site here and will create 75 new-full time jobs. The Town Of Marlborough is supporting the Expansion Project with a 20-year Tax Increment Financing agreement in the amount of $11,013,141. The Economic Assistance Coordinating Council has approved $750,000 in EDIP Investment Tax Credits.

Package Machinery Company, Inc. (Holyoke) - Founded in 1996, Package Machinery Company designs and produces custom wrapping machinery for consumer products. The company currently leases a 24,000 square-foot facility of which 10,000 square feet is unusable since the June 2011 tornado. The company plans to buy a 30,000 square-foot abandoned building in Holyoke. The private investment for the purchase of the building and improvements is expected to be $455,000. This Expansion Project will create five full-time jobs and retain six full-time jobs. The City of Holyoke is supporting the project with a Special Tax Assessment in the amount of $34,244. The Economic Assistance Coordinating Council has approved $45,500 in EDIP Investment Tax Credits. Package Machinery Company will also be taking advantage of the Commonwealth’s 10 percent Abandoned Building Tax Deduction.

Steel Art, Inc. (Norwood) - Founded in 1952, Steel Art is a family-owned business that specializes in the design and manufacturing of architectural signage products. Steel Art is considering purchasing a 48,000 square-foot building to transform into new office and production space. The company’s expansion plans will double their real estate footprint and is part of an overall strategy to implement use of the latest technology and equipment design. A private investment of over $3.5 million is expected for the purchase of the facility and equipment. This Expansion Project will create 12 new full-time jobs and retain 58 full-time jobs. The Town of Norwood is supporting the project with a 10-year Tax Increment Financing agreement in the amount of $70,886. The Economic Assistance Coordinating Council has approved $148,879 in EDIP Investment Tax Credits and left $1 million of additional depreciable assets available for the company to use their 3 percent manufacturer’s investment tax credits which would reduce their taxes an additional $31,310. Steel Art will also be taking advantage of the Commonwealth’s 10 percent Abandoned Building Tax Deduction.

Polymer Corporation (Palmer) - Polymer Corporation was founded in 1979 and focuses on manufacturing low-volume, close-tolerance plastic parts and assemblies for blue-chip customers nationwide. They are also the world’s leading manufacturer of liquid resin cast parts and highly engineered injection molding parts. The Injection Molding Division is experiencing rapid growth and the company plans to renovate a Palmer warehouse facility to make it suitable for a manufacturing operation. A private investment of over $4.6 million is expected for the purchase of the warehouse and building infrastructure improvements. This Expansion Project will create 23 new full-time jobs and retain 78 full-time jobs. The Town of Palmer is supporting the project with a 10-year Tax Increment Financing agreement in the amount of $57,757. The Economic Assistance Coordinating Council has approved $368,486 in EDIP Investment Tax Credits.

Special Tax Assessment (STA) Only: the following projects will not receive an EDIP- Investment Tax Credit

92 Race St. / Gateway City Arts (Holyoke) - Gateway City Arts is primarily a workspace and educational facility designed to promote artistic endeavors. Future plans are to attract complimentary creative economy businesses to promote the Arts and Innovation District in Holyoke. The project involves the purchase of two adjoining parcels with abandoned buildings: 92 and 114 Race St. 92 Race St. is a 32,000 square-foot building and will be the future home to VK Restoration, which focuses on arts, painting, restoration and historic preservation. Also locating in this facility is RSS Holyoke, a video production business. 114 Race St. is a 6,000 square-foot building that will host a restaurant and event venue. A private investment of $445,000 is expected for the purchase and improvements of the buildings. The project will retain three full-time jobs. The City of Holyoke has approved a Special Tax Assessment agreement in the amount of $19,506. Gateway City Arts will also be taking advantage of the Commonwealth’s 10 percent Abandoned Building Tax Deduction.

American Pride Seafoods LLC (New Bedford) - American Seafoods is one of the largest integrated seafood companies in the United States. The company harvests and processes a variety of fish species aboard its sophisticated catcher-processor vessels, its freezer long-liner vessels and at its land-based processing facilities. American Pride Seafoods acquired Good Harbor Filet, another fish processor in Gloucester, and is relocating and consolidating operations to an expanded facility in New Bedford. A private investment of $1.3 million is expected for the expansion and renovation of the New Bedford facility. This project will create 52 new full-time jobs and retain 300 full-time employees. The Town of New Bedford is supporting the project with a Special Tax Assessment agreement in the amount of $518,586.

Harbar LLC (Canton) - Harbar was founded in 1986 by Mexican immigrants with a vision to develop the most authentic and high quality tortilla. Today, Harbar LLC is a manufacturer and marketer of tortillas and specialty flatbreads for the food service and retail markets. The company needs to increase their production capacity and is purchasing an 84,000 square-foot facility. Approximately 44,000 square feet will be used for manufacturing and the remaining space will be utilized as warehouse and service areas. The private investment for the purchase of the building and renovations is expected to be over $10.1 million. The project with create 30 new-full time jobs and retain 90 full-time jobs. The Town of Canton is supporting the project with a 10-year Special Tax Assessment agreement in the amount of $312,082.

Tax Increment Financing (TIF) Only: the following projects will not receive an EDIP- Investment Tax Credit

Millbrook Realty Trust (Athol)- The Millbrook Realty Trust was created in July 2004 to acquire, renovate, and put back into service the former ND Cass Factory in Athol. The trust performed substantial renovations to the first floor, creating space for 2 commercial tenants. The first space has been leased to Baxter Chiropractic, P.C. Major renovations are planned for the second floor in 2015, which will make more space available for lease to commercial tenants. A private investment of $525,000 is expected for the renovations. The Town of Athol is supporting this project with a 10-year Tax Increment Financing agreement in the amount of $11,862.

Biomeasure, Inc. (Milford) - Biomeasure is an affiliate of French Bio-Pharma company Ispen, a global specialty-driven pharmaceutical company with sales exceeding 1.1 billion Euro in 2011. Biomeasure’s Milford facility is home to chemists, biologists, translation science experts and a technical operations team specializing in the manufacture of OBI-1, a late-stage hemophilia drug. Biomeasure is considering building a new 64,000 square-foot, three-story facility on their existing site in Milford. A private investment of almost $43 million is expected for this expansion and complete renovation of another on-site building. The project will create 20 new-full time jobs and retain 155 full-time jobs. The town of Milford is supporting the project with a 10-year Tax Increment Financing agreement in the amount of $634,752.

Commonwealth Chevrolet (Lawrence) - Operating in Lawrence since 1991, Commonwealth Motors is one of the largest automotive dealerships in New England. The dealership has several different brands, including Chevrolet, Honda, Kia, Nissan and Volkswagen. Commonwealth Motors is building a new 26,000 sq. ft. facility to expand the Chevrolet dealership. The current Chevrolet facility will be renovated and used to expand the Nissan dealership. The facility will be built on a 4.5-acre site consisting of an additional showroom, service department and sales office. A private investment of $8 million is expected for the expansion. The project will create 20 new full-time jobs and retain 230 full-time jobs. The City of Lawrence is supporting the project with a 12-year Tax Increment Financing agreement in the amount of $447,636.

Travers Chicken II d/b/a/ Pollo Campero (Lawrence)- Pollo Campero is a fast-food chain that began as a family-owned restaurant in Central America and has since grown to over 300 locations internationally. The Travers Chicken II, LLC, was created as the operating company for the Pollo Campero franchise in Lawrence and also holds the franchise rights in Waltham, Somerville, Haverhill and Methuen. A private investment of $2.3 million is expected for the land purchase, environmental clean-up costs and construction of the facility. The restaurant is scheduled to open in late June or early July and will create 30 new full-time jobs. The City of Lawrence is supporting the project with a 12-year Tax Increment Financing agreement in the amount of $117,028.

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