EDIP Funds Awarded in 2018

The Baker-Polito Administration and the Commonwealth’s Economic Assistance Coordinating Council (EACC) approved 36 projects for Economic Development Incentive Program (EDIP) this year.

EDIP incentives in 2018 support creation and retention of 20,378 jobs and $1 billion in private investment.

Certified Projects:

ABLE Machine Tool Sales, Inc. (Agawam) Founded in 1987 ABLE sells, supports and services Computerized Control Equipment throughout the 6 New England states.  They plan to purchase land and build a new facility down the street from their existing facility.  The new operation will increase floor space by 50%, increase parking by 100% and will allow the company to accommodate future growth.  The incentives will facilitate the move and allow the company to expand services into machine customization and upgrade services. The company plans to hire 10 new employees, retain 30 employees, and make a private investment of $2.46 million.  The town of Agawam has approved a 5 year Tax Financing Agreement with a value of approximately $156,000.  The EACC Board has approved EDIP investment tax credits in the amount of $75,000.

99Degrees Custom, Inc. (Lawrence) Launched in 2013, 99Degrees Custom is a woman-owned business creating jobs in a HUB Zone City.  The company manufactures fastest-turn functional active wear for emerging and global brands.  They are currently entering a growth phase, supported by contracts from global and venture-backed brands. With this forecasted growth they need to expand beyond their current facility in Lawrence and are evaluating three potential sites in Lawrence.  They plan to invest in state-of-the-art sewing machinery, automation technologies and energy efficient systems. To accommodate this growth, the company plans to hire 350 new employees, retain 60 employees, and make a private investment of $4 million.  The EACC Board has approved EDIP investment tax credits in the amount of $2.8 million.

Process Cooling Systems (Leominster) PCS began as a small business in Leominster and has been at their current location for 54 years.  The company designs, builds and installs large-scale chilled water systems for manufacturing businesses.  Over the years they have expanded their Leominster plant, however they are now at maximum capacity and the current footprint cannot be expanded further due to land restrictions.  They have identified another location within Leominster and plan to purchase 4.8 acres of industrial land to build a new facility. The company plans to hire 16 new employees, retain 49 employees, and make a private investment of $5.6 million.  The city of Leominster has approved a 10 year Tax Financing Agreement with a value of approximately $625,000.  The EACC Board has approved EDIP investment tax credits in the amount of $200,000.

Plumber's Supply Company (New Bedford) PSC is a family-owned and operated plumbing, heating and HVAC distributor serving both the residential and commercial contracting markets.  In addition they also operate a retail kitchen and bath showroom division.  For future growth, they have been looking for a larger distribution facility and HQ.  The initial plans would call for a 175,000 square foot facility to be built, with the ability to expand to 300,000 square foot in the future.  The company plans to hire 7 new employees, retain 43 employees, and make a private investment of $19 million.  The city of New Bedford is considering a 15 year Tax Financing Agreement with a value of approximately $1. 6 million.  The EACC Board has approved EDIP investment tax credits in the amount of $70,000.

Massachusetts Mutual Life Insurance Company, (Springfield and Boston) MassMutual is a mutual life insurance company headquartered in Springfield.  The company does business in all 50 states and provides a wide range of life insurance, annuity and disability products, pension and pension-related products and services, and investment-related products and services. MassMutual will renovate and expand their corporate headquarters in Springfield and construct a Boston campus. The company plans to hire 2,000 new employees, retain 3,649 employees, and make a private investment of $291 million. The EACC Board has approved EDIP investment tax credits in the amount of $46 million.

Chase Corporation, (Oxford) Founded in 1946, Chase Corporation is a leading manufacturer of industrial coatings and tapes for high reliability applications with a global customer base. Headquartered in MA, they have wire & cable manufacturing facilities in MA, NC and RI. They plan to consolidate assets and hire 13 new employees, retain 57 employees, and make a private investment of $318,438. The EACC Board has approved EDIP investment tax credits in the amount of $162,500.

Spencer Technologies, Inc., (Medway) Founded in 1972, Spencer Technologies is a privately-held global company focused on providing retailers total life cycle management of their store technology. The company plans to consolidate its business units in MA, NH, TN, OH and Canada. Spencer Technologies intends to create 200 new jobs, retain 128 existing jobs, and make a private investment of $12,300,000. The EACC Board has approved EDIP investment tax credits in the amount of $245,000.

Plastic Distributors & Fabricators, Inc., (Haverhill) Plastic Distributors & Fabricators is a family owned business that began in 1974. The company manufactures plastic products used in the aerospace, energy, medical and defense industries and distributes plastic raw materials in the form of rod, sheet, tube and film. They are at capacity in their current facility and are considering purchasing a larger facility in Haverhill, which needs extensive site work and improvements. The company plans to hire 15 new employees, retain 42 employees, and make a private investment of $6,231,700. The EACC Board has approved EDIP investment tax credits in the amount of $225,000

Hardline Heat Treating, Inc., (Southbridge) Hardline is a commercial heat treating facility that thermally heats materials to improve wear, toughness and aesthetics based on customer-provided specifications. They began business in 2004 in a 7,500-square-foot facility with 3 employees; they now operate out of three buildings in Southbridge with 38 employees and opened a plant in Florida. Their Massachusetts facilities are not adequate to support future growth and plan to purchase their currently leased facilities and invest in expansion on site.  The company plans to retain 36 full-time jobs, create 10 new jobs, and make an investment of $3.2 million. The Town of Southbridge has approved a ten-year Tax Financing Agreement with a value of approximately $100,330. The EACC Board has approved EDIP investment tax credits in the amount of $125,000.

Fall River Hat Company dba Korber Hats, (Fall River) Korber Hats was established in 1919, and is one of two remaining hat manufacturers in the U.S.  Korber is proposing an expansion into “cut and sew” hats and recently acquired new machinery that will increase capacity and create jobs. They are looking to relocate to a 30,000-square-foot manufacturing space. The company plans to hire 6 new employees, retain 15 employees, and make a private investment of $211,000.  The EACC Board has approved EDIP investment tax credits in the amount of $30,000.

Humana Insurance Company, (Boston) Founded in 1961, Humana is a leading managed health company. The company is creating new digital health division, which will be headquartered in Massachusetts and is building out a 40,000-square-foot facility in the City of Boston, near South Station. Humana plans to hire 225 new employees, retain 9 positions, and make a private investment of $10 million. The EACC Board may consider a specific EDIP award at a future meeting.

Aetna Inc. / Aetna Resources LLC, (Wellesley) Aetna is one of the nation's leading diversified health care benefits companies and offers a broad range of voluntary and consumer-directed health insurance products and related services. The company is locating its Innovation Hub and Consumer Health & Services (CH&S) Division in Wellesley, undertaking an 80,000-square-foot expansion. The company plans to retain 65 full-time jobs, create 250 new jobs and make an investment of $15.8 million. The EACC Board has approved EDIP investment tax credits in the amount of $1.25 million.

Millstone Medical Outsourcing LLC, (Fall River) Millstone Medical Outsourcing, LLC has been in business since 2004 and provides the medical device industry with post-manufacturing services including: validation and engineering services, advanced mechanical inspection, ultrasonic cleaning and passivation, clean room packaging, non-sterile packaging and comprehensive warehousing. The company intends to build a 60,000-square-foot inspection facility on land adjacent to its existing location. The company plans to create 100 new jobs, retain 271 existing jobs and make a private investment of $10,720,000.  The City of Fall River has approved a 12-year Tax Financing Agreement with a value of approximately $1.945 million. The EACC Board has approved EDIP investment tax credits in the amount of $750,000.

TOG Manufacturing Co., Inc. / Stanley Black & Decker, Inc., (North Adams) TOG Manufacturing Company is a world-class manufacturer of precision specialty metal components and was acquired by Stanley Black & Decker in 2018. The company is consolidating current operations in North Adams with operations currently located in South Carolina. An additional 20,000-square-foot expansion is under consideration for the existing 24,900-square-foot facility in North Adams. The company plans to hire 28 new employees, retain 29 employees, and make a private investment of $5,485,000. The Town of North Adams has approved a five-year Tax Financing Agreement with a value of approximately $297,646. The EACC Board has approved EDIP investment tax credits in the amount of $285,000.

Wayfair LLC / SK Retain, Inc., (Boston & Pittsfield) Wayfair is an e-commerce retailer headquartered in Boston. After consideration of several states in which to open a new call center, as well as having the need to invest in expanding their physical office space, the company decided to open a new call center in Pittsfield and expand its footprint in Boston. The company plans to hire 3,300 new employees in Massachusetts, retain 3,809 employees, and make a private investment of $33.9 million. The EACC Board has approved EDIP investment tax credits in the amount of $31,350,000.

Local Incentive Only Projects:

Ja’Duke, Inc. (Montague) Founded in 1997 as a production company, they opened the Ja’Duke Center for the Performing Arts in 2004 in downtown Turners Falls.  The Center specializes in classes for singing, dancing, and acting for children and adults.  In 2007, Ja’Duke built their own performing arts center in the industrial park in Turners Falls.  They are now looking to expand and plan to build an 18,000 square foot facility to accommodate their growth.  The company plans to hire 10 new employees, retain 11 employees, and make a private investment of $1.8 million.  The town of Montague has approved a 10 year Tax Financing Agreement with a value of approximately $95,000. 

Ware Senior Living, LLC (Ware) Optimus Senior Living was formed in 2009 with the purpose of developing assisted living facilities.  Ware Senior Living is a project-specific LLC that will construct and run a facility in Ware. It is a new development that will offer independent living, assisted living, and memory care accommodations in a single 3 story building.  The facility plans to employ 30 full time employees and make a private investment of $15 million.  The town of Ware approved a 5 year STA valued at approximately $707,000.         

Global Property Developers Corporation, (Amesbury) Global Property Developers is a private real estate development and construction management firm in Bridgewater, MA. They plan to build and operate the Atlantic Sports Center, a state-of-the art mixed-use complex which will include three buildings with commercial space featuring a multi-sheet ice arena capable of hosting hockey tournaments and large entertainment functions. The facility plans to employ 50 full time employees and make a private investment of $48 million. The City of Amesbury approved a 10-year Tax Increment Financing (TIF) valued at approximately $3.9 million.

HD Systems, Inc., (Beverly) HD Systems manufactures high precision, customized gear components, gear units and electronically driven servo actuators. Currently located in Peabody, they have been growing rapidly and are outgrowing their current facility. They plan to purchase 5-acres from Cummings Properties in Beverly and construct a 90,000 square foot, high tech, multi-story manufacturing facility to include manufacturing and assembly, R&D, engineering, sales, marketing and administration with the ability to expand in the future. The company plans to retain 112 full-time jobs, create 80 new jobs, and make an investment of more than $70 million. The City of Beverly has approved a 10-year Tax Financing Agreement with a value of approximately $272,325.

ClearMotion, Inc., (Billerica) Founded in 2008, ClearMotion has designed the world's first proactive digital motion controlled suspension system for automobiles to replace traditional shock absorbers with a software controlled digital chassis. The company has outgrown its current headquarters in Woburn and identified a facility in Billerica. They plan to relocate and move their current 195 employees, create 105 new jobs, and make an investment of $9.4 million. The Town of Billerica has approved a seven-year Tax Financing Agreement with a value of approximately $625,000.

A. Crane Construction, LLC, (Chicopee) A. Crane Construction has been serving Western Massachusetts’ construction needs since 1988, building custom homes, additions, and renovations for homeowners, and commercial spaces for businesses. The company has outgrown their existing 1,500 square foot facility and plan to build a new 3,000 square foot headquarters with an additional 4,000 square feet of warehouse space. The company plans to hire six new employees, retain seven employees, and make a private investment of $1.44 million.  The City of Chicopee approved a five-year TIF valued at approximately $103,950.

RiverMills Assisted Living, LLC, (Chicopee) RiverMills is a start-up venture which purchased a parcel in Chicopee to develop a 78,000 square-foot affordable, assisted living facility with dementia care. The project is being built on a former brownfields site.   The facility plans to employ 65 full time employees and make a private investment of $24.2 million. The City of Chicopee approved a 10-year TIF valued at approximately $1,010,712.

OSJ of Fall River, LLC, (Fall River) Ocean State Job Lot has 131 Stores throughout New England, New York and New Jersey with 50 stores in MA. OSJ of Fall River, LLC, an affiliated entity of Ocean State Job Lot, plans to purchase and remodel the former Shaw's Plaza to relocate a Fall River Ocean State Job Lot store that will be almost 60% larger than their current store. They also plan to improve the appearance of the shopping center and facilitate the redevelopment of the site into a vibrant and active retail attraction. The company plans to hire nine new employees, retain 16 employees, and make a private investment of $9.4 million.  The City of Fall River has approved a five-year Tax Financing Agreement with a value of approximately $165,000.

Rolf C. Hagan USA Corp., (Mansfield) Founded in 1955, Hagen Group is the world’s largest, privately-owned pet products manufacturer and distributor. They plan to renovate their existing 302,000 square foot distribution space representing an estimated $500,000 in renovations and property value. The company plans to retain 100 full-time jobs and create 30 new, permanent full-time jobs over a 5-year period.  The Town of Mansfield has approved a 10-year Tax Financing Agreement with a value of approximately $337,000.

Ace Molding, Inc., (Monson) Ace Molding was founded in the 1960's and moved to Monson in 1964, and manufactures bird feeders, knife handles and various industrial and healthcare components. The company plans to increase production which will result in five new jobs and the retention of three existing jobs and an investment $230,000. The Town of Monson has approved a 5-year Special Tax Assessment (STA) with a value of approximately $17,563.

Seaman Paper Company of Massachusetts Inc., (Orange) Seaman Paper is a privately-owned manufacturer of decorative tissue papers and lightweight industrial papers, including wrapping paper, crepe streamers, art tissues, food wrappers and industrial interleaving grades. They are seeking to tear down an existing building in Orange and construct a new 165,000 square-foot warehouse/distribution building to house materials and finished goods to increase current manufacturing capacity. This project is expected to create 10 new jobs, retain 123 existing jobs and result in an investment of $5.58 million.  The Town of Orange has approved a six-year Tax Financing Agreement with a value of approximately $362,010.

Horner Millwork Corp/North Atlantic Corp., (Somerset) Horner is a distributor and manufacturer of windows, doors, kitchens, stairs, millwork and commercial building products. They service builders and contractors, architects, lumberyards, specialty millwork dealers, remodelers and homeowners. They plan to expand their Somerset, MA corporate office and manufacturing facility, adding an 85,000 square-foot, three floor manufacturing and warehouse building. The company plans to hire 20 new employees, retain 311 employees, and make a private investment of $6 million. The Town of Somerset has approved a 12-year Tax Financing Agreement with a value of approximately $885,000.

Emond Plumbing & Heating, Inc., (Taunton) Emond Plumbing and Heating, Inc. is a 30 year-old plumbing and heating company with approximately 170 employees doing business in MA, RI, CT and NH. The company has outgrown its current location and intends to renovate an abandoned building in Taunton and expand their in-house construction and manufacturing operations. The company plans to hire 10 new employees, retain 45 employees, and make a private investment of $2.1 million. The City of Taunton has approved a 20-year Tax Financing Agreement with a value of approximately $224,884.

Waters Corporation, (Taunton) Since 1958, Waters Corporation has creating innovative analytical instruments. Waters serves over 40,000 customers worldwide and its products are used in diverse markets, including pharmaceuticals, materials, food and environment, research, and clinical. They will expand their current silica manufacturing facility with a 135,000 square-foot addition. The company plans to hire 15 new employees, retain 94 employees, and make a private investment of $200 million. The City of Taunton has approved a 20-year Tax Financing Agreement with a value of approximately $3.7 million.

Analog Devices, Inc., (Wilmington) Founded in 1965 and headquartered in Norwood, MA, ADI is a leading global manufacturer of a broad portfolio of products leveraging analog, mixed signal and digital signal processing technology. They are consolidating some of their MA-based operations into one campus. The will construct a 440,000 square-foot building for office space, lab space, a community hub and a parking. The company plans to hire 50 new employees, retain 1,555 employees, and make a private investment of $142.9 million. The Town of Wilmington has approved an eight-year Tax Financing Agreement with a value of approximately $4.3 million. 

IPG Photonics Corporation, (Oxford) IPG Photonics is a manufacturer of fiber lasers and fiber amplifiers headquartered in Oxford.  IPG has outgrown its existing space in Oxford is planning on constructing a 170,000-square-foot, four-story office, manufacturing and research facility, and a 460,000-square-foot parking garage. The company plans to retain 1,550 full-time employees, hire 400 new employees, and make an investment of $67.9 million. The Town of Oxford has approved a 15-year Tax Financing Agreement with a value of approximately $1.5 million.

Primetals Technologies USA, Inc., (Sutton) Headquartered in Worcester, Primetals is a leading global manufacturer of equipment and machines for the steel industry. Currently, they operate out of two leased locations in Worcester which houses the U.S. corporate headquarters, R&D and manufacturing. The company plans to relocate its operations to one modern, state-of-the art facility in Sutton. They plan to relocate and move their current 275 employees and make an investment of $28 million. The Town of Sutton has approved a 15-year Tax Financing Agreement with a value of approximately $1.4 million. 

Freudenberg Medical, LLC, (Beverly) Freudenberg Medical is a medical device manufacturer. The company plans to construct a 36,000-square-foot state-of-the-art manufacturing and clean room facility in Beverly. The new facility will be the new home of the Freudenberg Medical global headquarters. The company plans to hire 26 new employees, retain 48 employees, and make a private investment of $7 million. The City of Beverly approved a 10-year TIF valued at approximately $112,000.

Camia, LLC/Myers Information Systems, Inc., (Westfield) Camia, LLC was founded with the intent to purchase 110 Elm Street property and lease it to a related company, Myers Information Systems, Inc. They plan to convert a vacant restaurant into modern, professional office space. The company plans to hire 8 new employees, retain 18 employees, and make a private investment of $800,000. The City of Westfield approved a 6-year Special Tax Assessment valued at approximately $52,469.

Crootof & Sawyer Ventures, LLC, (Northbridge) Crootof & Sawyer was formed in 2016 to purchase, renovate and manage a property known as 18 & 28 Granite Street, the former Whitinsville Medical Center of Milford Regional Hospital.  They own an existing business, Pawsteps, and plan to relocate to this new location and expand the business by offering doggie day care, pet boarding, and grooming. The company plans to hire 25 new employees, retain 13 employees, and make a private investment of $2.3 million.  The Town of Northbridge approved a five-year Special Tax Assessment valued at approximately $65,780.

United Lens Corporation, (Southbridge) United Lens Company is a vertically-integrated, custom manufacturer of optical thin film coatings, ground and polished flat optics, and precision machined and molded optical blanks. The company plans to expand their manufacturing floor, improve electric consumption efficiency, and upgrade several lines on their current manufacturing floor to remain competitive in the global marketplace. The company plans to retain 126 full-time employees and make an investment of $14.1 million. The Town of Southbridge has approved a 15-year Tax Financing Agreement with a value of approximately $382,651.

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