The MEDC 2018 Annual Report highlights the economic indicators and development projects that illustrate the City of Marlborough’s continued growth and 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, supporting the growth of local businesses, facilitating large and small developments and building the city’s image regionally and nationally in 2018.

Review some of the MEDC Annual Report highlights below, or download the full version here.

  • COMPANY MOVES & EXPANSIONS: 20+
  • JOBS ADDED TO LABOR MARKET: 350+
  • COMMERCIAL SPACE OCCUPIED: 250,000+ SF
  • UNEMPLOYMENT RATE: 2.2% (as of November 2017)
  • COMMERCIAL VACANCY RATE: 9%
  • LOCAL OPTION ROOMS REVENUE: $2,721,453
  • LOCAL OPTION MEALS REVENUE: $1,029,034
  • NEW GROWTH: $3,4386,714
MOVES
  • Allegro Microsystems
  • Department of Public Health
  • ExaGrid
  • Flying Dreams Brewing Company
  • Repligen
  • SignalFireTelemetry
  • Syneron Candela
  • Venture X
EXPANSIONS
  • IC Federal Credit Union
  • IPG Photonics
  • Persivia
  • Vin Bin West

*Not a complete list.

  • AWARDED: $296,686
  • APPLICATIONS APPROVED: 14
  • JOBS CREATED: 158
  • JOBS RETAINED: 22
  • COMMERCIAL SPACE FILLED: 66,700 SF

*Figures reflect results since the MEDC Economic Development Toolbox program launched in 2015. 

BUSINESS OUTREACH
  • Brewpub and Restaurant Attraction Initiative
  • Business Outreach & Retention Program (150 local company meetings in 2018)
  • Commercial Brokers & Developers Appreciation Reception
  • Marlborough Business Video
COMMUNICATIONS & BRANDING
  • Hospitality Advertising Campaign
  • Marlborough “Live, Work, Play” Video & Facebook Contest
  • MetroWest Tourism & Visitors Bureau Marketing Partnership
  • School Branding – “Live” Marketing Strategy for Marlborough
  • “Think Marlborough” Branding Campaign
  • Visit Marlborough Website
COMMUNITY ENGAGEMENT
  • “Business Break” Bi-Monthly TV Show on WMCT-TV
  • Hospitality ServSafe & CPR Training Courses
  • Interview Workshop
  • Marlborough Works! Spring and Fall Job Fairs
  • MEDC Annual Founders Reception
  • Procuring Government Contracts Workshop
  • Zagster Bike Share Program
DOWNTOWN
  • Blade Sign Program
  • Main Street Beautification
ECONOMIC DEVELOPMENT TOOLBOX
  • Amenities Program
  • Beautification Grants
  • Marlborough Area Community Loan Fund
  • Rental Assistance
  • Tax Reimbursements and Credits
PLANNING & TECHNICAL ASSISTANCE
  • Crowley Drive Proposed Development
  • French Hill Zoning
  • TIF Compliance Reporting
CITY OF MARLBOROUGH
  • 13th – Most Diverse Suburbs in MA – Niche
  • 22nd – Best MA Suburb for MillennialsNiche
  • 25th – Best County to Live in America24/7 Wall Street
  • 51st in Education – Best Small Cities in AmericaWalletHub
  • Top 20% – Best Small Cities in AmericaWalletHub
  • Top 20% – Best U.S. Cities at Money Management WalletHub
  • “AA+” for Long-Term Debt – S+P Global Ratings
EDUCATION
  • 2nd – Best High School in MA; 107th in U.S. – Advanced Math & Science Academy Charter School – U.S. News & World Report
  • 100 Best High Schools for STEM in U.S. – Advanced Math & Science Academy Charter School – Niche
MEDC
  • Excellence in Economic Development – International Economic Development Council
  • Women of FIRE – Meredith Harris, MEDC Executive Director –  Banker & Tradesman
  • 40 under FortyMeredith Harris, MEDC Executive Director –  Worcester Business Journal
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