Which Companies Have the Most Economic Impact on the Bay State?

9/11/17

Finalists in MassEcon Competition Make Their Cases

WHAT: MassEcon’s 14th Annual Team Massachusetts Economic Impact Awards finalists will each have one minute to present their cases to judges and an invitation-only audience, followed by remarks from Massachusetts Assistant Secretary for Business Growth, Mike Kennealy. A reception follows.

The 18 finalists were selected by MassEcon from 100-plus entries as having the most significant positive impact on the economy of Massachusetts,

The finalist companies range in size, span the state, and are drawn from industries including manufacturing, biotechnology, medical devices, technology, consumer products, software, and food. MassEcon selected the finalists based on their job growth, facility expansion, and investment since January 1, 2016, as well as other criteria including community involvement.

The award winners, drawn from this finalist pool, will be announced in October and recognized onNovember 21 at the Boston Renaissance Waterfront Hotel.

WHEN: Wednesday, September 13, 2017, from 5 to 6:30 p.m.

WHERE: Nutter McClennen & Fish LLP, 155 Seaport Blvd., Boston, MA 02210

WHO:

Guest Speaker: Massachusetts Assistant Secretary for Business Growth, Mike KennealyIn early 2015, Mike joined Governor Charlie Baker’s administration as Assistant Secretary for Business Growth for the Commonwealth of Massachusetts in the Executive Office of Housing & Economic Development, working to advance the administration’s strategy for job creation and business development. Mike has played an integral role in the expansion of major employers in the Commonwealth including Alnylam, EMD Millipore, Flextronics, General Electric, Insulet, and Siemens. He serves as co-chair of the board of the Massachusetts Life Sciences Center and vice chair of the Financial Services Advisory Council.


Eighteen growing Massachusetts companies
:

Abiomed of Danvers

Avista Pharma Solutions, Inc. of Agawam

Brammer Bio of Cambridge, Lexington, and Somerville

Clarks Americas of Waltham

Cold Chain Technologies of Franklin

Cumberland Farms of Westborough

Eataly of Boston

EMD Serono of Billerica

Instrumentation Laboratory of Devens

Interprint USA, Inc. of Pittsfield

Kronos of Lowell

Metropolitan Cabinets and Countertops of Norwood

New England Ice Cream Corporation of Norton

Nitto Denko Avecia of Milford

SharkNinja of Needham

SMC Ltd. of Devens

Thermo Fisher Scientific of Waltham

Tsubaki of Chicopee

BACKGROUND

Eighteen companies from across the Commonwealth from a broad range of industries have been selected as finalists for the 2017 Team Massachusetts Economic Impact Awards, conferred annually by MassEcon, the state’s private sector partner promoting economic growth. This annual event celebrates companies that have made an outstanding contribution to the Massachusetts economy. The 18 finalists will make their cases in presentations of only one minute, followed by remarks from Mike Kennealy, Assistant Secretary for Business Growth.

MORE ABOUT THE FINALISTS

Abiomed – A leading manufacturer of medical devices that provide circulatory support that added 100,000 square feet, invested $40 million and 150 jobs in Danvers.

Avista Pharma Solutions Inc. – A leading U.S.-based contract testing, development, and manufacturing organization for the pharmaceutical industry that invested $4 million in a 4,200 square foot expansion in Agawam and added 26 jobs.

Brammer Bio – A cell and gene therapy biologics contract development and manufacturing company that added 50,000 square feet in Lexington, 66,000 square feet in Cambridge, and 49,000 square feet in Somerville. The company invested roughly $41 million and added 125 jobs.

Clarks Americas – The world’s largest family-owned “brown shoe” company that invested $20 million in a 120,000 square foot expanded space in Waltham and added 30 jobs.

Cold Chain Technologies – A thermal packaging solutions designer, manufacturer, and distributor of temperature sensitive products for various companies in the life sciences field that invested $10 million in its Franklin location, added 88,000 square feet and 25 jobs.

Cumberland Farms – This HQ and distribution center for fuel and convenience store retailers invested $15.5 million in a 110,000 square foot Westborough expansion and added 50 jobs.

Eataly – The world’s largest Italian food marketplace that opened a 45,000 square foot location in Boston, adding 600 jobs.

EMD Serono – Company specializing in developing therapies needed by patients with difficult to treat diseases that invested $12 million in a 31,000 square foot expansion in Billerica and added 204 jobs.

Instrumentation Laboratory – A developer and manufacturer of medical instruments for hospitals and laboratories that invested $5.7 million in a 129,000 square foot location in Devens and added 26 jobs.

Interprint USA, Inc. – A global company and a leading designer and décor printer for the laminate industry that expanded its Pittsfield footprint by 27,000 square feet, invested $2.5 million and added 5 jobs.

Kronos – Company delivering human capital management and workforce management solutions in the cloud to help organizations attract, retain, and develop engaged employees that expanded to a new 505,644 square foot location in Lowell, invested nearly $100 million and added 193 jobs.

Metropolitan Cabinets and Countertops – A manufacturer and distributor of a wide variety of kitchen cabinets and countertops that expanded its location in Norwood by 60,000 square feet, invested nearly $6 million and added 45 jobs.

New England Ice Cream Corporation – A regional leader in production, sales and distribution of frozen dessert products that invested $12.5 million in a 58,000 square foot expansion in Norton and added 31 jobs.

Nitto Denko Avecia – Company specializing in oligonucleotide production (short DNA or RNA molecules) and assists clients with pharmaceutical drug development that added 210,000 square feet to its Milford location, invested $40 million and added 120 jobs.

SharkNinja – A leading small appliance designer and manufacturer that expanded to a 75,000 square feet Americas headquarters in Needham, invested $20 million and added 70 jobs.

SMC Ltd. – A leading contract manufacturer of various medical devices and medical equipment that invested $43.1 million in its 87,000 square foot expansion in Devens.

ThermoFisher Scientific – A biotechnology product development and scientific instrument company that expanded to a 280,000 square foot location in Waltham and added 38 jobs.

Tsubaki – A leading manufacturer and supplier of automotive parts and designer of driving systems that invested $32 million in a 100,000 square foot expansion in Chicopee and added 32 jobs.

ABOUT MASSECON

MassEcon champions Massachusetts as the best place to start, grow, or locate a business. Bringing the public and private sectors together, we work to create a supportive culture for business, enhance job growth, promote investment in communities, and spread prosperity throughout the state. For more information, please go to www.massecon.com .

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