The Massachusetts Alliance for Economic Development held its ninth-annual Team Massachusetts Economic Impact Award luncheon on Nov. 20 at the Seaport Hotel. Fifteen companies from across the state were recognized for their contributions to the Commonwealth’s economy. Three companies were chosen from five regions of the state (central, southeast, Greater Boston, northeast, and west) and ranked with gold, silver, and bronze.
More than 400 people attended, including Governor Deval Patrick (pictured). Here is more information about the award winners. Next
Central gold winner: IPG Photonics
Recent expansions: In January 2011, the company began construction on a 90,000-square-foot corporate building and two ancillary structures, for a total facility expansion of 102,000 square feet which is well on its way to completion.
Workforce growth: The $18 million expansion will help IPG retain 600 jobs and create an estimated 175 new jobs in a variety of positions in the near future.
The company was named the ninth fastest growing company in the United States by Fortune’s Top 100.
Pictured: Bill Shiner, vice president of sales and marketing at IPG Photonics. Next
Southeast gold winner: Sysco Boston
Industry: Food distribution
Recent expansions: In 2011, Sysco Boston began its latest expansion project, constructing a $100 million, 650,000-square-foot facility in Plympton. The latest expansion project represents a net expansion of 180,00 square feet for the company on a 121-acre site.
Workforce growth: The expansion allowed the company to hire 40 additional workers.
Pictured: Fred Casinelli, president of Sysco Boston. Next
Greater Boston gold winner: Vecna Medical
Industry: Health care
Recent expansions: In 2011, Vecna invested $9 million to expand from its 8,000-square-foot Alewife research, development, and robotics lab and purchased two new buildings in Cambridge and a facility in Woburn. The Cambridge facilities include 24,000 square feet of office space and a 6,500 square-foot machine shop. The 20,000-square-foot Woburn property is a manufacturing warehouse.
Workforce growth: Seventy employees were hired with plans to add more than 100 new jobs within the next two years.
Pictured: Deborah Theobald, CEO of Vecna Medical. Next
Northeast gold winner:Acme Packet
Recent expansions: In May 2011, Acme Packet announced the $10 million, 110,000-square-foot expansion of its Bedford facility and moved in this month. The new facility houses the company’s headquarters, its research and development unit, and other manufacturing operations.
Workforce growth: The company created 200 jobs.
Pictured: Andy Ory, CEO of Acme Packet, with Houston and Mulligan. Next
West gold winner: Savage Arms
Recent expansions: The company added a 20,000-square-foot addition to its facility and invested $17 million in new equipment and tooling.
Workforce growth: The company hired 141 new workers and plans to hire more people over the next few weeks.
Pictured: Albert Kasper, president and chief operating officer at Savage Arms. Next
Central silver winner: Quiet Logistics
Recent expansions: In 2011, the company invested $2.5 million into a new 200,000 square-foot warehouse facility .
Workforce growth: Since the opening of the new facility, the company has hired 170 new employees.
Pictured: Bruce Welty, CEO and co-founder of Quiet Logistics Next
Southeast silver winner: Cheer Pack North America
Recent expansions: Early this year the company expanded to a 187,000 square foot facility in West Bridgewater.
Workforce growth: The company plans to hire 74 new employees by the end of the year.
Pictured: Steve Gosling, president of Cheer Pack, with Houston and Mulligan. Next
Greater Boston silver winner: Pegasystems
Industry: Enterprise software
Recent expansions: The company invested in a $15 million expansion project including a 60,000 square-foot facility in Kendall Square.
Workforce growth: With its expansion project, the company has hired 213 new employees in the state.
The company has been recognized as a “fastest-growing company” by Fortune Magazine and has experienced an annual growth rate of approximately 25 percent for the past six years.
Pictured: Louis Blatt, senior vice president of business line management, with Houston and Mulligan. Next
Northeast silver winner: Thermo Fisher Scientific
Industry: Medical equipment
Recent expansions: The company invested $20 million in a 156,000 square foot expansion project in Tewksbury that includes a manufacturing and research and development center.
Workforce growth: The expansion included the hiring of 71 new employees adding to its current workforce of 370.
Pictured: A group of representatives from the Thermo Fisher Scientific team attended the event. Next
West silver winner: Polymer Corp.
Recent expansions: The company has moved one of its facilities from Monson to a new 85,000 square-foot building in Palmer.
Workforce growth: Polymer added 35 jobs this year and now has about 150 employees.
Pictured: Bob Underwood, president and chief executive officer at Polymer Corp., with Houston and Mulligan. Next
Central bronze winner: Classic Envelope
Industry: Envelope manufacturing and printing
Recent expansions: The company invested in a 300,000 square-foot factory space in Douglas, tripling the company’s square footage.
Workforce growth: Classic Envelope hired 23 new workers in the state as part of its expansion to one of the largest mill buildings in the Blackstone Valley
Pictured: Michael DeCaro, president, and Patricia DeCaro, vice president. Next
Southeast bronze winner: Lacerta Group
Industry: Plastics packaging manufacturers
Recent expansions: Lacerta Group is expanding into a 70,000-square-foot manufacturing and warehouse facility in Mansfield as part of a $6.8 million investment in equipment and property.
Workforce growth: The company hired 15 people since January 2011 and says it is recruiting for additional employees.
Pictured: President Ali Lotfi with Houston and Mulligan. Next
Greater Boston bronze winner: Brightcove
Industry: Cloud content services
Recent expansions: In March, the company moved from Kendall Square in Cambridge to an 86,000-square-foot facility in Boston’s Innovation District.
Workforce growth: With its move, the company hired 57 new employees.
Pictured: Paul Goetz, senior vice president of sales, with Houston and Mulligan. Next
Northeast bronze winner: Cabot Corp.
Industry: Specialty materials and chemicals
Recent expansions: The company recently finished a $10 million expansion at its Haverhill plant.
Workforce growth: The expansion left room for the addition of 24 employees at the plant.
Pictured: Fred von Gottenberg, senior vice president and general manager, with Houston and Mulligan. Next
West bronze winner: Thing5
Recent expansions: In January, Thing5 expanded the company’s Springfield location.
Workforce growth: The company recently hired about 150 new employees in the state, bringing their total employment to 500 in Springfield.
Pictured: Call center manager Lisa Ellison and chief operating officer John Carey. Back to the beginning
Advertisement - Continue Reading Below