Cox Engineering Company and related affiliates, a Canton business that designs, fabricates, and installs HVAC piping and sheet metal ductwork, will renovate a 73,000-square-foot building into a manufacturing center in Randolph, Massachusetts.
The company invested $9.5 million in this project, which is expected to create 20 full-time jobs.
“We are excited to expand the manufacturing capabilities in Randolph by renovating a 73,000-square-foot facility and doubling our manufacturing footprint,” said Jon Desmond, Cox Engineering President & CEO. “Coupled with a significant investment in new machinery, we are confident in the growth of the organization in Massachusetts.”
As an incentive, MassDevelopment issued a $6.3 million tax-exempt bond for Cox Engineering to use bond proceeds to buy and renovate a 73,000-square-foot building. The company will also use proceeds to buy and install new manufacturing equipment, CNC machines, coil line for making ductwork, and line cutters. Rockland Trust Company’s Taunton Avenue Securities Corporation purchased the bond.
“When Massachusetts manufacturers thrive, the entire Commonwealth benefits,” said MassDevelopment Executive Vice President of Finance Programs Laura Canter. “From building and installing a cooling unit for the New England Aquarium’s African penguins, to retrofitting Meditech’s chiller plant, Cox Engineering provides high-quality goods and services, and we are pleased to support the company’s expansion with this bond.”