WATERTOWN, MA – MassEcon, the state’s private sector partner in promoting business growth in Massachusetts, today announced its Nineteenth Annual Team Massachusetts Economic Impact Award winners, recognizing 13 companies for their outstanding contributions to the Massachusetts economy. The companies were selected on the basis of job growth, facility expansion and investment, community involvement, and commitment to diversity, inclusion, and equity initiatives since January 1, 2022. The winners will be honored at a ceremony on April 6, 2023, at Gillette Stadium in Foxborough, with Citizens as presenting sponsor. In addition, Bristol Myers Squibb will receive the 2023 Massachusetts Summit Achievement Award.
The winning companies (listed below) were selected after site visits and interviews with regional teams of judges. The company expansion projects represent a financial investment of over $966 million, more than 1.4 million square feet, and more than 1,500 jobs added to the state’s economy.
“A unique feature of these awards is the recognition of small employers alongside global companies,” stated Peter Abair, MassEcon’s executive director. “Each employer shares a commitment to Massachusetts and represents an economy that continues to innovate and grow.”
The Impact Awards this year will include a special award, the Massachusetts Summit Achievement Award, which recognizes an employer for its commitment over time to Massachusetts with multiple business expansions, investments in new employees, and commitment to the broader Massachusetts community. The inaugural award goes to Bristol Myers Squibb. In 2007, BMS won a Massachusetts Economic Impact Award, recognizing its initial facility investment at Devens. In 2016, BMS won an additional Gold Impact Award for its expansion. In 2023, BMS would have been in the position of being recognized for its two expansions completed in 2022 at Devens and Cambridge.
“We are honored to receive the Massachusetts Summit Achievement Award from MassEcon recognizing Bristol Myers Squibb’s continued investment in Massachusetts,” said Odile Smith, vice president and head of the Devens site. “2023 is a big year for us with the expansion of our cell therapy operations in Devens and the opening of a brand new R&D facility in Cambridge. The life sciences industry is thriving across the commonwealth, and we truly love being a part of the community as we transform patients’ lives every day through science.”
“Congratulations to all the winners, who have positively impacted our state through job creation, facility investment and community involvement,” said Lisa Murray, President, Citizens, Massachusetts. “We at Citizens share in your commitment to strengthening communities through hard work and innovation, which is critical to ensuring that we meet the accelerating needs of the economy.”
One awardee, Monogram Foods, will be the first honoree in the history of the Awards to receive recognition for investments in two different regions, with its recent growth in Haverhill and Medford.
19TH ANNUAL TEAM MASSACHUSETTS ECONOMIC IMPACT AWARD WINNERS – 2023
Read about each of the companies here: company descriptions.
ABOUT MassEcon
MassEcon’s mission is to promote and champion Massachusetts as the best place to start, grow and locate a business. Built upon a robust network of corporate and civic members, MassEcon convenes public and private sector leaders of industry to create an inclusive business ecosystem that enhances job growth across a diverse talent pool; promotes investment in all communities; expands equitable opportunities throughout the Commonwealth. www.massecon.com.
ABOUT TEAM MASSACHUSETTS
Team Massachusetts is the informal name given to a consortium of state and quasi-public economic development agencies, such as MassDevelopment, Mass Office of Business Development, MOITI, and the Mass Life Sciences Center, as well as private sector organizations focused on economic development in Massachusetts, such as MassEcon, MassBio, and MassMedic.
ABOUT Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets as of December 31, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,400 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us onTwitter, LinkedIn or Facebook.
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