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The Peak of Business Innovation in Marlborough

September 16, 2010  – Although Marlborough is home to many innovative companies, much of their work flies under the radar, officials said yesterday.

But the organizers of next week’s Marlborough Business Innovation Summit, where 50 companies will come together, are hoping their event will change that notion.

“The economic stability of Marlborough is built around our success in attracting and retaining smaller companies as they grow,” said Arthur Bergeron, the board of directors chairman of the Marlborough Economic Development Corp., which is co-sponsoring the event. “This (summit) is the first step.”

Bergeron said he was not previously aware that four of the companies attending the Sept. 22 summit at The Campus at Marlborough are on Inc. Magazine’s list of the 5,000 fastest growing private companies in the country.

“We didn’t even know they were in town,” said Marilyn Whalley, executive director of the Marlborough Economic Development Corporation. “That’s really encouraging.”

The city needs to pay attention to the companies’ potential and do what it can to provide them with resources, Whalley said.

Bridge Energy Group, a business that helps nationwide utility companies with their information technology systems, has been in Marlborough for a few years and plans to stay here. Marlborough is a strategic location for the company because it can pull talent from Boston, New Hampshire and Connecticut, CEO Tony Giroti said.

Although the down economy has caused a number of negative business stories, Bridge Energy Group is profitable and growing, Giroti said. The company, which landed on the Inc. list, has about 100 employees overall and close to 35 in Marlborough, the site of its corporate headquarters.

Blue Cod Technologies, another company on the Inc. list, also supplies information technology services across the country. The company, which serves property and casualty insurers, is big in the California earthquake area and along the southeast coast of the U.S., where hurricanes often hit.

Blue Cod moved from Worcester to Marlborough in 2005 and has about 200 employees at two locations in the city.

“We’ve maintained growth through the economic issues,” said Ken Amidon, director of communications. “I believe we’ll continue to grow in Marlborough.”

At the summit, Bergeron said he wants the city to learn about the businesses and how to help them grow. He also wants companies to learn about each other.

“We’d like to see what our neighbors are doing,” Amidon said.

Giroti said he would like to understand Marlborough’s vision and what the city does for businesses.

“I would love to hear what other companies are doing,” Giroti said.

Bergeron said he is hoping the summit will lead to discussions about how to further expand economic development in Marlborough.

Greg Bialecki, the state Housing and Economic Development secretary, is scheduled to give the summit’s keynote speech on the innovation economy. Mirick O’Connell, the other co-sponsor of the event, will present its business innovation award to the company that best demonstrates the commercialization of a technology.

Inc. Magazine Top 5000 list in 2010

Marlborough Economic Development Corp.

This story originally appeared here