MASS LIVE – Marlborough has seen significant growth over the past year, with more than 20 companies moving into or expanding in the city, creating upwards of 350 new jobs.
An annual report from the Marlborough Economic Development Corporation found that the city’s unemployment rate also fell to an 18-year low of 2.2 percent in November. Overall, Marlborough’s commercial vacancy rate began to slide, falling to a decade low of 9 percent in 2018.
“Commercial space is running out in Marlborough and that’s a good thing,” MEDC Executive Director Meredith Harris wrote in the MEDC 2018 Annual Report. “We’ve been sowing the seeds of economic development and are now reaping the benefits of a strong commercial base, increasing demand from developers, enhanced amenities and the area’s lowest residential tax rate.”
At least 40 companies moved and expanded to this small Massachusetts city in 2017 and it’s not just because of the location
The small city off of Interstate 495 has been growing rapidly over the past few years.
In 2017 alone, it saw more than 40 new businesses move in, including the sprawling Apex Center that includes more than a dozen restaurants and businesses as well as a massive entertainment center with an indoor multi-level go-cart course, bowling lanes, ropes course, laser tag, bumper cars and golf and sports simulators.
The city also has a vibrant classic American downtown.
Last year, several of Marlborough’s largest new companies included Allegro Microsystems and ExaGrid, which relocated their headquarters to the city, and Repligen, which opened a new manufacturing facility.
A number of small businesses also opened in Marlborough, including Brew Coffee Bean, Vin Bin West and the city’s first brewpub — Flying Dreams Brewing Co.
Over the next year, MEDC will work to revitalize the downtown and French Hill areas, attract more modern amenities to Marlborough and create a unified branding strategy for the city.
This article by Aviva Luttrell originally appeared here.