FOR IMMEDIATE USE: February 21, 2024
For more information, please contact:
Annie Ladinsky, Communications Director
Watertown, MA – MassEcon, the state’s private sector partner in promoting business growth in Massachusetts, today announced its 20th Annual Team Massachusetts Economic Impact Award winners, recognizing 14 companies for their outstanding contributions to the Massachusetts economy. The companies were selected on the basis of job growth, facility expansion and investment, community involvement, and commitment to diversity, inclusion, and equity initiatives since January 1, 2023. The winners span from Greater Boston to Western Massachusetts, range in size and are drawn from technology, life sciences, transportation, fulfillment, behavioral health, manufacturing, beverage, and more. They will be honored at a ceremony on April 11, 2024, at Gillette Stadium in Foxborough, with Citizens as presenting sponsor.
“These awards answer the question, ‘Does Massachusetts ever thank organizations for investing in Massachusetts?’” stated Pete Abair, MassEcon Executive Director. “This year’s awardees have done so across the state in significant ways, regardless of size. We are honored to recognize their contributions to the Massachusetts economy.”
The winning companies (listed below) were selected after site visits, interviews with regional teams of judges, and one minute “pitches” at a Finalists Reception in Worcester earlier this month. The company expansion projects represent a financial investment more than $1.1 billion, expanded their facilities by more than 1 million square feet, and added more than 750 jobs added to the state’s economy.
“In Massachusetts, we aim to be a leader in technology, life sciences, and manufacturing — and that requires attracting top-tier companies that drive innovation and growth in our state. We’re creating an environment where businesses can stay, grow and achieve their goals, leading to a stronger economy and stronger communities,” said Governor Maura Healey. “Congratulations to the recipients of the MassEcon 20th Annual Team Massachusetts Economic Impact
Award. Our administration is proud to have these businesses as vital partners in advancing job creation, community development, and economic expansion across the state.”
Metropolitan Cabinets & Countertops will be receiving its second Economic Impact Award and Interprint, will be receiving its fifth, for their Economic Impact Award for continued expansions throughout Massachusetts. Massport will be receiving its third Award, this year honored with a special recognition, the Massachusetts Economic Catalyst Award, for its expansion and modernization of Terminal E at Logan Airport in Boston. This is a unique award, having been presented only as a regional award once, 19 years ago. In the Central Region, Mass Biomedical Initiatives (MBI) will receive a Silver Award. MBI will also be the second awardee, in the Award’s 20-year history, to receive the Innovation Excellence Award. This award recognizes the continuing innovative evolution of the MBI model in propelling economic opportunity and growth in Massachusetts.
“Thank you to all of the winning companies for their continued investment in Massachusetts,” said Bonnie Sullivan, MassEcon Chair and Vice President at Middlesex Savings Bank. “We’re fortunate to have businesses representing a diversity of industries expanding throughout the state, adding jobs, and increasing their square footage in 2023.”
“This year’s winners have demonstrated their commitment to Massachusetts and they are powerful examples of the strength and range of successful companies that contribute to our economy,” said Lisa Murray, President of Citizens, Massachusetts. “Citizens is again proud to support MassEcon as it works tirelessly to help companies reach their full potential and to celebrate Massachusetts as the top destination for business.”
20TH ANNUAL TEAM MASSACHUSETTS ECONOMIC IMPACT AWARD WINNERS – 2024
ABOUT MassEcon
MassEcon’s mission is to promote and champion Massachusetts as the best place to start, grow and locate a business. Built upon a robust network of corporate and civic members, MassEcon convenes public and private sector leaders of industry to create an inclusive business ecosystem that enhances job growth across a diverse talent pool; promotes investment in all communities; expands equitable opportunities throughout the Commonwealth. www.massecon.com.
ABOUT Team Massachusetts
Team Massachusetts is the informal name given to a consortium of state and quasi-public economic development agencies, such as MassDevelopment, Mass Office of Business Development, MOITI, and the Mass Life Sciences Center, as well as private sector organizations focused on economic development in Massachusetts, such as MassEcon, MassBio, and MassMedic.
ABOUT Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.0 billion in assets as of December 31, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter),
LinkedIn or Facebook.
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