Dear Friends:

It is our pleasure to report to you on the efforts and accomplishments of MassEcon for 2015. This year we express our appreciation to Fred Mulligan who served as Chairman for the past three years, laying the groundwork for much of our success, and to David Tibbetts, early champion of MassEcon who is retiring as long-term Board Member.

With the economy having exhibited steady growth, MassEcon continued to invest in initiatives that are essential for the long term. Celebrating the achievements of businesses that invest in Massachusetts; welcoming start-ups and companies new to Massachusetts; and promoting the assets of all regions of the state are foundational elements of MassEcon’s work.

During 2015, 63 companies planning for future growth relied on MassEcon’s services to evaluate the Commonwealth as a location for expansion and relocation. Our progress over the year reflects the efforts of a team that includes public officials; industry and trade associations; the business community; state, regional, and local economic development professionals; and our dedicated corps of members. We are fortunate to work with so many capable parties in promoting the assets of Massachusetts.

Looking ahead, with projections of continued — but slower — economic expansion, it is essential that the entire Commonwealth be poised to capture its fair share of growth. Retaining and attracting business requires an organized effort of an informed and creative economic development team. Working in partnership with our sixth gubernatorial administration, MassEcon brings a consistent, non-partisan voice to the enterprise, and we are proud to bring value to the team.

We thank our members, staff, and partners for making our work possible.

Sincerely,

Susan Houston Executive Director

Brian Cohen Chairman

Susan Houston Executive Director

Brian Cohen Chairman

In the electronic version of this report you will find links to additional content. Please visit our website massecon.com for your copy.

Site LocationMassEcon’s statewide Site Finder Service — including the ReadyMass 100 — is an economic development resource for companies seeking to expand or locate within Massachusetts. MassEcon staff work cooperatively with real estate brokers, site location consultants, and state, regional, and local economic development officials to enable companies to access property information that supports their real estate and location needs.

Massachusetts AmbassadorsMassEcon oversees the Massachusetts Ambassadors program, a network of senior executives throughout the Commonwealth who serve as peer contacts for companies evaluating the state as an expansion location. Ambassadors can volunteer their time by hosting visiting executives, providing media testimonials on Massachusetts as a place to live and work, sponsoring welcome receptions for companies new to Massachusetts, and other activities.

MassEcon is a non-profit, non-partisan entity that serves as the state’s private sector partner in promoting Massachusetts as the premier choice for business growth. Deploying on-the-ground services since its founding in 1993, MassEcon works to ensure that business stays, grows, and thrives in the Commonwealth.

Marketing Under the banner of Massachusetts, It’s All Here, MassEcon celebrates the achievements of Massachusetts companies from all regions of the state through its annual Economic Impact Awards; takes the Massachusetts story on the road through selected trade show and business development missions; and serves on the board of the Massachusetts Marketing Partnership.

Research & InformationMassEcon provides expanding and relocating companies with information about demographics, workforce, education, infrastructure, industry sectors, and other matters relevant to the location decision. In comparing Massachusetts to other states, MassEcon ensures that the full value proposition for a Massachusetts location is evident. Providing more than data, this service links companies with people and resources on the state, regional, and local levels.

Services: what we do

For twenty-two years now, MassEcon has developed relationships with trusted

and innovative economic leaders, bringing their business and jobs to the

Commonwealth.

GOVERNOR CHARLIE BAKER

IN CONJUNCTION with the Massachusetts Office of Business Development and other state, regional, local, and industry partners, MassEcon is proud to have provided services this year to 63 companies considering Massachusetts as an expansion location; these companies represented a total of 7,500 jobs and came from within Massachusetts, out of state, and abroad.

LEGO® Education Boston

CNR Changchun Railway Vehicles (CNR-MA) Springfield

ERD Metals Avon

Bachman Electronic Corporation Charlestown

Amazon Fall River

Choosing Massachusetts in 2015

Results: by the numbers

Meet the companies

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Where they want to locateWhere they come from

Central 7%

Greater Boston 30%

MetroWest 21%

Southeast 6%

Northeast 24%

International 21%

Out of State 35%

In State 44%

Statewide 12%

MassEcon is an outstanding resource. As a Dallas-based firm we go directly to MassEcon when evaluating Massachusetts for our clients. They understand the site location process and serve as a critical link between the public and private sectors.

BRETT BAYDUSS, PRINCIPAL, SITE SELECTION GROUP

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Choosing: Massachusetts

The ReadyMass 100, an online resource, showcases a continually refreshed portfolio of up to 100 market ready properties that

provide location options for expanding and relocating companies. These properties are zoned, permitted, infrastructure served, and in Class A condition. Representing diverse property types, and selected by a committee of real estate experts twice yearly, they send a concrete message to the marketplace that Massachusetts can meet the real estate needs of growing companies in all parts of the state. MassEcon markets these properties through massecon.com, earned media, and through a series of receptions with national site selection advisors.

Spotlight: LEGO® Education In the summer of 2015, LEGO Education North America announced its intention to relocate its U.S. headquarters from Pittsburgh, Kansas to Boston, Massachusetts. LEGO’s search for a location, which began in January 2015 under the code name Project Apple, exemplifies MassEcon’s services at work. A trusted source of intelligence for

site selection advisors, MassEcon was asked by LEGO’s consultant, WDG Consulting of New Jersey, to provide guidance in searching for a Massachusetts location. MassEcon coordinated an effort that included real estate tours; meetings with universities, education industry experts, human resources and staffing professionals; state and local officials; and more. The result is a win for the Commonwealth and its growing leadership role in educational technology.

Source: LEGO®

Private Sector EngagementA UNIQUE element of MassEcon’s services is the ability to rally its private sector membership to support business recruitment and retention. Under the Team Massachusetts umbrella, MassEcon members volunteer to provide real estate market overviews, site tours, cost estimates, community information, sector knowledge, and more — all on behalf of growing jobs in Massachusetts.

Regional & Local Partnerships MassEcon’s corporate members from the regional and local economic development community immeasurably add to the ability to promote the assets of all regions of the state. Working together with MassEcon, these organizations are instrumental in educating decision-makers about the benefits of growing businesses in their areas. MassEcon staff, in turn, provides resources to its local and regional partners. In 2015, MassEcon staff presented expertise at the MOBD Municipal Meetups in Winthrop, Malden, and Quincy; EDC of Western Massachusetts Brokers Task Force; and the New England Real Estate Journal State of Commercial Real Estate Summit. MassEcon also served on the boards of the New England Economic Partnership and Marlborough Economic Development Corporation.

MassEcon’s national marketing efforts have provided us access to high quality site selectors, which in turn have allowed us to develop lasting relationships and increase our potential for new investment and job opportunities for our city. MassEcon has been an excellent partner helping us to showcase our assets to a national audience.

TIM CUMMINGS, EXECUTIVE DIRECTOR MARLBOROUGH ECONOMIC DEVELOPMENT CORPORATION

Partners: building connections

1Berkshire

495/MetroWest Partnership

City of Boston

Brockton 21st Century

Marlborough EDC

Merrimack Valley EDC

MetroWest Chamber of Commerce

North Shore Alliance for Economic Development

Pittsfield Economic Development Authority

Quincy Chamber of Commerce

Taunton Development Corporation

Town of Framingham

Westborough EDC

Western Massachusetts EDC

Worcester Regional Chamber of Commerce

Newly Elected Board Member Taidgh McClory of CBRE/New England with MassEcon Chairman Brian Cohen of Transwestern | RBJ at MassEcon Holiday Lunch

MassEcon Representation Statewide

Economic Development Planning Council

Massachusetts Marketing Partnership

Massport Business Leaders Advisory Group

Conveners: public sector leadership

MassEcon’s Annual Conference A Conversation with the Cabinet: Priorities of the Governor’s Economic Development Team was held for nearly 200 attendees on June 19 at the Newton Marriott Hotel. The conference, sponsored by the engineering and planning firm BSC Group, brought together four cabinet secretariats from the Baker-Polito Administration to provide insights on economic development, workforce, housing, transportation, and the environment.

Conference Panelists

Moderator Geri Denterlein Denterlein Communications

Panelists Jay AshSecretary of Executive Office of Housing & Economic Development Matthew BeatonSecretary of Energy & Environmental Affairs Stephanie Neal-JohnsonUndersecretary of Labor & Workforce Development Stephanie PollackSecretary of Transportation

(from left) Undersecretary of Labor and Workforce Development Stephanie Neal-Johnson

Daniel Theobald of Vecna poses questions to Annual Conference Panelists

Secretary of Energy and Environmental Affairs Matthew Beaton

Panelists (from left) Stephanie Neal-Johnson, Stephanie Pollack, Matthew Beaton, and Jay Ash with Moderator Geri Denterlein

Geri Denterlein, President of Denterlein Communications, moderates Annual Conference.

Each year, MassEcon honors growing businesses from each of the Commonwealth’s five regions that make outstanding contributions to the Massachusetts economy. This event, which is the only celebration of its kind in Massachusetts, has recognized dozens of companies from throughout the state that have been leaders in job growth, financial investment, and community involvement. The process is launched with a Finalists Reception in September, when all finalists have an opportunity to tell their story before their peers, and it culminates with an awards luncheon on the Tuesday before Thanksgiving. On November 24 before 400 guests, MassEcon presented the Twelfth Annual Team Massachusetts Economic Impact Awards to 17 companies that invested in the Commonwealth through job creation, facility expansion, and community involvement. This year’s event also recognized Massport with the Global Leader Award and recognized two companies as Community Heroes.

CENTRAL Gold GE HealthcareSilver Great Wolf Lodge Bronze SanDisk GREATER BOSTONGold TripAdvisorSilver Baxalta Bronze Carbonite

Marketing: celebrating Massachusetts

NORTHEASTGold Aspen TechnologySilver SouthwickBronze Energi

SOUTHEASTGold Joseph Abboud ManufacturingSilver Lafrance Hospitality CompanyBronze South Shore Millwork

WESTGold Berkshire Sterile ManufacturingSilver KennametalBronze Mohawk Fine Papers COMMUNITY HEROESJack’s Abby Brewing Company FraminghamMicroTek Chicopee

Governor Charlie Baker at 2015 MassEcon Economic Impact Awards

PRESENTING SPONSOR CITIZENS BANK PLATINUM SPONSOR TRANSWESTERN | RBJ GOLD SPONSOR WPI

Representatives from Aspen Technology, Northeast Gold Economic Impact Award Winner, with Master of Ceremonies, Lisa Hughes, WBZ-TV News Anchor.

ECONOMIC IMPACT AWARD WINNERS

GLOBAL LEADERMassport

Each year, MassEcon welcomes companies new to Massachusetts at its Corporate Welcome Reception. The event brings together over 100 private sector leaders and senior state officials to welcome companies that have recently opened offices in the state and to introduce them to the rich Massachusetts network.

Honorees at the 7th Annual Corporate Welcome Reception which welcomed 16 companies whose executives are pictured above.

Baxter | Cathay Pacific | CNR-MA | Cohealo | Corbus Pharmaceuticals | Cryptzone | Driblet Labs GE Healthcare | Hainan Airlines | Jabra | Mohawk Fine Papers | Primark | Pulse Secure | Schneider Electric Turkish Airlines | Unitrends

Corporate Welcome Reception Helping the Commonwealth grow its rich economic base, MassEcon each year hosts out-of-state events that introduce the assets of Massachusetts to corporate site selectors, those professionals on the front lines representing companies considering expanding or relocating. Our goal is to ensure that Massachusetts is on the short list as companies consider their expansion; as a result of relationships developed at these events, MassEcon is called upon as a credible resource for information about the Commonwealth.

Over the course of 2015, MassEcon hosted Massachusetts hospitality receptions in New York City in conjunction with the Medical Device & Manufacturing Show; in Chicago at the United Center; at the Unmanned Vehicle Systems trade show in Atlanta; and in Los Angeles in conjunction with the CoreNet Global Summit. MassEcon also participated in the Massachusetts Pavilion at the BIO Summit in Philadelphia. Helping tell the Massachusetts story were MassEcon members from Marlborough EDC, VHB, Patriot Place, Worcester Regional Chamber of Commerce, Dacon, and Transwestern | RBJ.

Representatives from Corporate Welcome Honoree Baxter

Thank you to host Genzyme and sponsor Aerotek

MassEcon on the Road

Governor Baker delivers remarks at Corporate Welcome Reception

Highlights: 2015

January 23 Members Meeting Dr. Alan Clayton-Matthews Professor, Northeastern University

March 20Members MeetingRichard DaveyChief Executive Officer, Boston 2024

April 3Hospitality Reception for Site Selectors at the United CenterChicago

April 15Corporate Welcome ReceptionGenzyme

May 5 – 7Unmanned Vehicle Systems Trade ShowAtlanta

May 7Hospitality Reception for Site SelectorsAtlanta

May 15Members MeetingC.A. WebbExecutive Director, New England Venture Capital Association

June 9 – 11MassEcon at Medical Design & Manufacturing East Trade ShowNew York

June 11Hospitality Reception for Site SelectorsNew York City

June 15 – 18MassEcon at BIO International ConventionPhiladelphia

June 19Annual ConferenceA Conversation with the Cabinet: Priorities of the Governor’s Economic Development Team Newton Marriott Hotel

July 15Summer ReceptionLt. Governor Karyn Polito

September 16Economic Impact Award Finalists ReceptionNutter McClennen & Fish LLP

September 25Members MeetingCarol GladstoneCommissioner, Division of Capital Asset Management & Maintenance

October 15Robotics Industry RoundtableWPI

October 19 – 21CoreNet Global SummitLos Angeles

November 10 Meet & Greet with MOBD LeadersErnst & Young

November 24Economic Impact Awards LuncheonBoston Renaissance Waterfront Hotel

December 10Annual Holiday LunchMarty MeehanPresident, UMassUMass Club

Annual Holiday Lunch Speaker Marty Meehan, UMass President

Katie Stebbins, Assistant Secretary of Technology, Innovation & Entrepreneurship, at Finalists Reception

Board Member Rebecca Frisch of TD Bank at Summer Reception

Sasaki Associates at Holiday Lunch

City of Boston’s Dana Whiteside (left) and Lauren Jones at Holiday Lunch

(left to right) Michael Mason from Alnylam Pharmaceuticals, and Bob Richards and Brian Cohen from Transwestern | RBJ at Corporate Welcome Reception

MassEcon Chairman Brian Cohen and Master of Ceremonies Lisa Hughes at Economic Impact Awards

Highlights: 2015

Leaders of every industry should be involved with MassEcon. MassEcon is uniquely positioned — because of its statewide reach and collaborative ethic — to make important contributions to the state’s business climate.

JERRY SARGENTPRESIDENT, CITIZENS BANK, MASSACHUSETTS

Photo Credits: Janet Stearns and Roberto Farren

Corporate Welcome Honoree GE Healthcare

Dorrian Cohen-Fragola of Janitronics Building Services, Penny Garver of Santander Bank, and Lyn Kaplan of Insperity at Annual Conference

Lt. Governor Karyn Polito, Summer Reception Speaker

Mike DiGiano of NAI Hunneman and MassDevelopment's Marty Jones and Kelly Arvidson at Corporate Welcome Reception

Travis McCready of MA Life Sciences Center and Glen Comiso of MIT at Annual Conference

Mike Scott of Nutter McClennen & Fish LLP Welcoming Guests to the Finalists Reception

Tiffany Gallo of Cutler Associates with Suzanne Duca of CBRE/New England and Denise McGeough of Citizens Bank at Annual Meeting

Dave Hayes, President and CEO of BSC Group, and Susan Houston at Annual Conference

Jessica Craw of Ernst & Young with Transwestern | RBJ Members at Annual Meeting

Massport’s Ed Freni (second from left) accepting Global Leader Award with Susan Houston and Board Members Fred Mulligan, Greg Buscone, and Brian Cohen

1Berkshire495/MetroWest PartnershipAerotekAGC of MassachusettsARC/Architectural Resources CambridgeAtlantic ManagementBioMed Realty TrustBoston UniversityBowditch & DeweyBrockton 21st CenturyBSC GroupCampanelliCBRE/New EnglandChase BankCitizens BankCity of Bostoncm&bColdwell Banker Residential BrokerageCoreNet Global, New England ChapterCutler AssociatesDacon CorporationDLA Piper LLP USEastern Bank CorporationEconomic Development Council of Western MAEconomic Development Incentives, Inc.Ernst & YoungEversource EnergyGZA GeoEnvironmentalHinckley AllenHowland DevelopmentIBMInsperityInvestment Consulting AssociatesJ. Calnan & Associates, Inc.J.M. CoullJanitronics Building ServicesJones Lang LaSalle

LStar CommunitiesMarlborough Economic Development CorporationMassDevelopmentMassMEDICMassportMerrimack Valley Economic Development CouncilMetroWest Chamber of CommerceMiddlesex Savings BankNAI HunnemanNAIOPNB Development GroupNewmark Grubb Knight FrankNorth Shore Alliance for Economic DevelopmentNutter McClennen & Fish LLPPatriot PlacePerkins + WillPittsfield Economic Development AuthorityPM GroupQuincy Chamber of CommerceSantanderSasaki AssociatesSuffolk ConstructionTaunton Development CorporationTD Bank GroupTown of FraminghamTranswestern | RBJUMassUnitilVHBWPIWestborough Economic Development CommitteeWinterWymanWorcester Regional Chamber of CommerceWyman Street Advisors

STAFFSusan Houston Executive Director

Douglas Kehlhem Senior Director

Annie O’Connell Communications Director

Marketing & Research Assistants Maggie Chang Madison Dinndorf Miriam El-Baz Jennifer Gregorio Charlotte Miller Emma Morse

2015 BOARD OF DIRECTORS

CHAIR Brian Cohen* Transwestern | RBJ

VICE CHAIR & TREASURER Greg Buscone* Citizens Bank

CLERK Geoff Howell* DLA Piper LLP US

Paul Bauer Bowditch & Dewey

David Begelfer NAIOP

Robert Brustlin* VHB

Michael DiGiano NAI Hunneman

Stephen Flavin WPI

Rebecca Frisch TD Bank

William Harris Perkins + Will

David Hayes BSC Group

Marty Jones MassDevelopment

David L’Heureux Santander

Fred Mulligan* Cutler Associates

Michael Scott Nutter McClennen & Fish LLP

Christopher Steele Investment Consulting Associates

David Tibbetts* Merrimack Valley Economic Development Council

William Van Dam Eversource Energy

*Executive Committee

MassEcon 101 Walnut Street Watertown, MA 02472 (617) 924-4600www.massecon.com