Accumet Engineering Consolidates-Plans Devens, Massachusetts, Facility
11/11/2021
The company expects to begin construction on the new facility this month, with completion slated by August 2022.
“I am thrilled that my company will be able to expand further and thrive in Devens,” said Accumet Engineering, Inc. President and CEO Gregory Sexton. “I look forward to consolidating our two existing locations into one brand new facility which is being designed with growth in mind. I‘m incredibly grateful to MassDevelopment for all of their support financing our relocation to such a dynamic and thriving community such as Devens. The future is bright and I cannot wait to begin our next chapter, fully operational in our new Devens location.”
The project is being supported a $4,140,000 tax-exempt bond for the project, issued by MassDevelopment.
“Ensuring that Massachusetts remains a hub of manufacturing is key to our state’s economic recovery and prosperity,” said Housing and Economic Development Secretary Mike Kennealy, who serves as chair of MassDevelopment’s Board of Directors. “MassDevelopement’s low-cost financing helps manufacturers of all kinds secure the facilities and equipment they need to grow their business in the Commonwealth.”
Accumet is an industry-leading advanced processing manufacturer for new and legacy materials fabrication, precision laser services, lapping and polishing, and critical component assembly. For more than 50 years, it has been the pioneer of a variety of proven techniques for lapping, polishing, diamond sawing, laser drilling, cutting, marking, ablation, and welding.
“Devens is a growing community that prides itself on being an attractive place for world-class companies looking to locate and expand,” said MassDevelopment Executive Vice President Jessica Strunkin. “Accumet’s business will bring new jobs and opportunities to our region and we look forward to working with them in the years to come.”
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024