ANNUAL REPORTS

*Photo Credit: Ideal Video Strategies

REFLECTING AND LOOKING AHEAD  

The MEDC 2024 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 2024, the MEDC and the City of Marlborough celebrated 18 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!

2024 Facts & Figures
  • COMMERCIAL SPACE OCCUPIED: 100,000 SF
  • COMMERCIAL VACANCY RATE: 11.3%
  • JOBS ADDED TO LABOR MARKET: 200
  • LOCAL OPTION MEALS REVENUE: $1,386,318
  • LOCAL OPTION ROOMS REVENUE: $3,636,305
  • NEW GROWTH: $2,400,000 (FY25)
  • UNEMPLOYMENT RATE: 3.5% (Nov. 2024)
Company Moves & Expansions
    • Aero Coffee Roasters
    • Cytiva
    • Halie Jean Aesthetics
    • Loop CO2
    • Marlboro Pharmacy & Wellness Center
    • Moeshmallows
    • Picco
    • Rocks & Roots
    • Spirit In Motion Dance Academy
    • USA Ninja Challenge
    • Vibes Candles
    • Word on the Street

    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 for 2024.

MEDC Projects

COMMUNICATIONS & BRANDING

  • Board of Directors Spotlight Video Series
  • Business Retention & Attraction Program
  • Economic Development In Our City Video Series
  • Exploring Economic Development Live Video Podcast
  • Marlborough City Happenings E-Newsletter & Video Edition
  • Phantom Gourmet Marketing Partnership
  • “Think Marlborough” Advertising Campaign 

SUPPORTING SMALL BUSINESS

  • Awarded $239,285 in grants to 11 existing and new businesses through the MEDC  “Toolbox” Grant Programs
  • Downtown Pop-Up Shops – housed 21 unique makers, artists and creators
  • Hospitality ServSafe & CPR Training Courses

COMMUNITY ENGAGEMENT

  • 3rd Annual Marlborough Restaurant Week
  • 5th Annual Food Truck & Arts Festival
  • Marlborough Commuter Shuttle Service
  • Marlborough Downtown Village/Cultural District
  • MEDC 12th Annual Founders Reception
  • School to Business – Work Based Learning Partnerships With MPS

View Our 2024 Annual Report

MEDC Annual Reports