Advanced Cable Ties Plans To Expand Manufacturing-Warehouse Complex In Gardner, Massachusetts
08/25/2015
MassDevelopment issued an $8 million tax-exempt bond on behalf of Advanced Cable Ties. The firm will also use bond proceeds to buy injection-molding machines, molds, dryers, a silo, auxiliary equipment, and robots. The company expects the project to create 60 jobs.
“The City and the Gardner Redevelopment Authority continue to work effectively with MassDevelopment in enhancing Advanced Cable Ties’ latest expansion efforts. The issuing of bonds through MassDevelopment complements other local and state resources being utilized for the growth of one Gardner’s industrial leaders," said Gardner Mayor Mark Hawke.
"Advanced Cable Ties has been a staple in our community for many years and we trust that the application of these resources will help sustain its economic impact in the community well into the future,” he added.
"North-central Massachusetts has a rich manufacturing past and present thanks to a highly-skilled workforce and leading companies like Advanced Cable Ties," said MassDevelopment President/CEO Marty Jones. "MassDevelopment is pleased to support the company as it expands in Gardner and strengthens its commitment to the Commonwealth."
"Establishing communication with MassDevelopment to assist Advanced Cable Ties in our growth was a pleasure," said Michael Marcinkiewicz, CFO of Advanced Cable Ties, Inc. "Any opportunity where we can build a relationship today will mold.
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