Economic Development
North Central Massachusetts is a region that is well positioned for investment, growth and development. Less than an hour from Boston, the region offers businesses and investors attractively priced commercial real estate, a readily available technically trained workforce, intellectual resources of some of the nation’s top colleges, affordable cost of living and quality of life, and a continually growing economic base. North Central Massachusetts has everything needed to provide fertile ground for business growth.
Check out these success stories of companies who have selected North Central Massachusetts!
Historias de Éxito
Great Wolf Lodge New England
Great Wolf Resorts invested $66 million in the project, including the construction and acquisition costs.
In return, the City of Fitchburg and the state provided a package of tax deferral incentives that helped support the development and job creation from the project. The North Central Massachusetts Chamber of Commerce and the North Central Massachusetts Development Corporation worked with local and state officials to attract Great Wolf Resorts to the region and helped advocate for the tax incentives for the project. The project helped create over 500 jobs for the region and generates millions in new tax revenues for the city and state.
Nypro
Located in Clinton, Massachusetts, Nypro A Jabil Company is a world-class leader in manufacturing precision plastic products for customers in the healthcare, packaging and consumer electronics industries. When demand exceeded the capacity of its headquarters in Clinton Massachusetts, management began looking at locations to expand. As a global company with 25 dedicated facilities in 11 countries and more than 8,000 employees worldwide, Nypro could have gone anywhere. But the company wanted to stay local to its roots in North Central Massachusetts and ultimately selected a location down the street from its headquarters in Devens, Massachusetts.
“It was important that we keep a close connection to our history as well as the technical resources at our headquarters in Clinton.” said John Witkowski, general manager, Nypro Healthcare, Clinton. “North Central Massachusetts also has the skilled workforce that we needed to continue to grow and a reputation as the center for the plastics industry in the Northeast.”
AIS, Inc.
The company evaluated a number of sites both inside and outside Massachusetts and ultimately settled on the facility at 25 Tucker Road in Leominster. T
Fitchburg Yarn Mill Redevelopment
“There is a collaborative gene in North Central, a genetic predisposition in the communities in the region to collaborate and work together,” said Michael O’Brien, Executive Vice President of Winn Companies. “We are here in North Central Massachusetts for those reasons. We believe in North Central Massachusetts. We see and sense the community collaboration and desire to make the magic happen. You have engaged leadership, you have dynamic long range plans, you integrate education and workforce needs and you understand that no one is going to give you a hand out …so hard work and perseverance make it happen.”
Small Business Lending Success Stories
Luxury Cuts
Luxury Cuts opened its first barbershop in 2010 in Park Hill Plaza in Fitchburg. The Owner, Carlos Rosado had assembled a good team of barbers and someone he could trust with day-to-day operation of the staff. He was convinced he could do as well if not better in neighboring Leominster and sought to duplicate his success by opening a second shop in the Johnny Appleseed Plaza.
With the help of financing provided by the North Central Massachusetts Development Corporation, Carlos was able to expand his business and open up the second location in 2012. He now operates both locations successfully. This shop employs five barbers and the Fitchburg shop has another 3 barbers.