MassEcon in the News

For Immediate Release:

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14 Growing Massachusetts Firms Named Winners of MassEcon “Impact” Awards

WATERTOWN, MAMassEcon, the state’s private sector partner in promoting business growth in Massachusetts,  today announced its Thirteenth Annual Team Massachusetts Economic Impact Award winners, recognizing 14 companies for their outstanding contributions to the Massachusetts economy. The companies were selected on the basis of job growth, facility expansion, investment, and community involvement since Jan. 1, 2015. The winners  will be honored at a luncheon on Nov. 22, 2016 at the Renaissance Boston Waterfront Hotel, with Citizens Bank as presenting sponsor.

The winning companies (listed below) were selected after site visits and a reception with their competitors and judges at Nutter McClennen & Fish LLP.

“Massachusetts is fortunate to have an involved, diverse and generous business community, and we are happy to recognize these exceptional leaders today,” said Secretary of Housing and Economic Development Jay Ash. “Maintaining strong relationships between public and private sectors is crucial to long term economic growth, and providing community access to job opportunities across the Commonwealth.”

Susan Houston, MassEcon’s Executive Director said, “MassEcon is thrilled to celebrate these companies for their commitment to expanding in Massachusetts. Their investment and job growth  stimulates benefits throughout the Commonwealth, and we are excited to publicly honor the achievements of these outstanding corporate citizens.”

“Citizens Bank is committed to strengthening the communities we serve and are proud to help celebrate those who share in that commitment,” said Jerry Sargent, President, Citizens Bank, Massachusetts. “The Impact Awards recognize and congratulate diverse businesses that are thriving because they have invested in Massachusetts and created jobs for its citizens.” 

                                    THIRTEENTH Annual Team Massachusetts Economic Impact Award Winners

Region Gold Silver Bronze
Central Bristol-Myers Squibb


Acacia Communications


Woonsocket Glass Fabricators


Greater Boston Shire




IBM Watson Health


Northeast NxStage Medical



North Reading

Hoff’s Bakery


Southeast Capstan Atlantic



New Bedford

West Prolamina


Jarvis Surgical


PV Sullivan Supply

MassEcon, founded in 1993, is a non-profit, non-partisan entity that serves as the state’s private sector partner in promoting Massachusetts as the premier choice for business growth.  Its services include the state’s only Site Selection Service – including the online ReadyMass 100 portfolio – which helps expanding and relocating companies find a home in the Commonwealth; the Research & Information Service, which provides companies with the information they need to evaluate the Commonwealth as a location to grow; and the Massachusetts Ambassadors, a network of civic and corporate leaders who help market Massachusetts as a place to do business. www.massecon.com.

About the Winning Companies

Greater Boston Winners

Gold: Shire of Lexington – Shire, a leading global biotechnology company focused on serving people affected by rare diseases, invested $50M in its new 375K SF space. Shire occupies six buildings in Lexington and has added 700 jobs to the Massachusetts economy. www.shire.com

Silver: Autodesk of Boston – Autodesk is a leader in 3D design, engineering and entertainment software. In moving from Waltham to Boston, the company expanded by 29K SF and added a BUILD space focusing on co-working and innovation for digital fabrication. Autodesk invested $23M into the new space and added 148 jobs. www.autodesk.com

Bronze: IBM Watson Health of Cambridge – Headquartered in Cambridge, IBM Watson Health is a cognitive computing entity and business centric unit of IBM. The company expects to add 300 jobs by the end of 2017 and occupies more than 163K SF. www.ibm.com/watsonhealth

Central Winners

Gold: Bristol-Myers Squibb of Devens – Bristol-Myers Squibb, a biopharmaceutical production company, recently expanded its Devens location to include a biologics development facility. The company invested $280 million in the 210K SF expansion and added 660 jobs. www.bms.com

Silver: Acacia Communications of Maynard – Acacia Communications manufactures hardware for signal processing for fiber optic networks. The company invested $5.6 million for its 30K expansion and added 68 new jobs. www.acacia-inc.com/

Bronze: Woonsocket Glass Fabricators of Whitinsville – Woonsocket Glass Fabrictors specializes in custom beveled, v-grooved, flat and polished glass. The company recently moved from Rhode Island to Massachusetts, invested $10 million in 33K SF and added 31 jobs. www.woonglass.com

Northeast Winners

Gold: NxStage Medical of Lawrence – NxStage Medical innovates new technology and parts for home and in-center dialysis machines and provides support for patients. The company hired 137 new employees and invested $1.8 million in 10K SF in Lawrence and has 18 kidney centers throughout the country. www.nxstage.com

Silver: TraceLink of North Reading – TraceLink, based in North Reading but serving customers in 40 countries worldwide, focuses on supply chain consulting in the life sciences and pharmaceutical industries. TraceLink added 98 new jobs and invested $2.6M in its 35K SF expansion in North Reading. www.tracelink.com

Bronze: Hoff’s Bakery of Malden – Family-owned Hoff’s Bakery reaches markets outside of New England and due to growth and production, invested $18M for an 80K SF expansion and created 30 new jobs in Malden.www.hoffbakery.com

Southeast Winners

Gold: Capstan Atlantic of Wrentham, Southeast – Capstan Atlantic creates appliance and auto industrial parts using a unique process known as sintering. The company invested $10 million in a 30K expansion and added 50 new jobs. www.capstanatlantic.com

Silver: HTP of New Bedford – HTP manufactures highly efficient water heating systems and solar thermal collectors for residential and commercial properties, with the aim of reducing global CO2 emissions and energy costs. The company invested $3.8 milion in a 77K expansion and created 16 new jobs. www.htproducts.com

West Winners

Gold: Prolamina of Westfield – Prolamina is a manufacturer of packaging materials, specializing in the food, medical and industrial markets.The company added 12 new jobs and invested $7 million in a 31K SF expansion in Westfield. www.prolamina.com

Silver: Jarvis Surgical of Westfield – Jarvis Surgical is a leader in cutting edge development in medial manufacturing, specializing in the making of precision components for the orthopedic industry. The company invested $1.7 million in 15K SF and created 15 new jobs. www.jarvissurgical.com

Bronze: PV Sullivan Supply of Chicopee – PV Sullivan Supply is a family-owned wholesale plumbing and heating pipe distributor. The company invested $3 million in a 43K SF expansion to create a luxury bathroom product and design showroom, and added 8 jobs. www.pvsullivan.com


September 29, 2016