ANNUAL REPORTS

REFLECTING AND LOOKING AHEAD  

The MEDC 2023 Annual Report highlights the economic indicators and projects that illustrate the City of Marlborough’s recent successes. The Annual Report also outlines the various initiatives through which the organization has been, among other things, helping to bring new companies to Marlborough and supporting local businesses.

In 2023, the MEDC and the City of Marlborough celebrated 17 years of economic development achievements and look forward to continuing the efforts in promoting Marlborough as the premier place to live, work, play, visit and invest in!

2023 Fact & Figures
  • COMMERCIAL SPACE OCCUPIED: 260,000 SF
  • COMMERCIAL VACANCY RATE: 11.3%
  • JOBS ADDED TO LABOR MARKET: 350
  • LOCAL OPTION MEALS REVENUE: $1,302,038
  • LOCAL OPTION ROOMS REVENUE: $3,338,987
  • NEW GROWTH: $3,100,000 (FY24)
  • UNEMPLOYMENT RATE: 2.4% (as of December 31, 2023)
Company Moves & Expansions
    • An Nam
    • Bao Bap
    • Moderna
    • Sartorius
    • Wemmy’s Kitchen & Lounge

    NOTE: The above list has been compiled based on known commercial real estate transactions and may not contain all company moves and expansions in the City of Marlborough in 2023. 

MEDC Projects

COMMUNICATIONS & BRANDING

  • Exploring Economic Development Monthly Live Video Podcast Series
  • Marlborough City Happenings Video Edition
  • Phantom Gourmet Marketing Partnership
  • “Think Marlborough” Advertising Campaign
  • Workforce Employee Attraction TV Commercial 

SUPPORTING SMALL BUSINESS

  • Awarded over $89k in grants to six existing and new businesses through the MEDC “Toolbox” Grant Programs
  • Downtown Pop-Up Sheds – housed over 20 unique vendor shops

COMMUNITY ENGAGEMENT

  • Food Truck & Arts Festival
  • Hospitality ServSafe & CPR Training Courses
  • Marlborough Commuter Shuttle Service
  • Marlborough Restaurant Week 
  • MEDC Annual Founders Reception
  • School to Business – Making Connections & Partnerships

View Our 2023 Annual Report

MEDC Annual Reports