📷 Massachusetts Lieutenant Governor Karyn Polito visited Oxford Today to award $2.5 Million in a grant award for road improvements on Route 12.
Award redesigns Route 12, enables IPG Photonics expansion
Courtesy Massachusetts Executive Office of Housing and Economic Development
“I am thrilled to be in Oxford to award $2.5 million in MassWorks funds for vital improvements to Route 12 that will create a safer, more efficient thoroughfare, and support the growth of IPG Photonics,” said Lt. Governor Karyn Polito. “The Governor and I are pleased to continue to make the investments in the public infrastructure our cities and towns need to create sustainable growth.”
“Through the flexibility of MassWorks, we have been able to drive over two million square feet of new commercial space, made possible by listening to individual communities’ needs and by responding with individualized programs that benefit many stakeholders, including businesses like IPG and towns like Oxford,” said Housing and Economic Development Secretary Jay Ash. “Our office saw another competitive round of MassWorks for 2018 and we are happy to keep the momentum going across the Commonwealth in the year ahead.”
IPG Photonics, a leading developer and manufacturer of high-performance fiber lasers and amplifiers, plans to build a 170,000 square-foot, four-story office, manufacturing and research facility and 460,000 square-foot parking garage. The project will yield about $68 million in private investment with the anticipated creation of 400 jobs.
“This is outstanding news for the Town of Oxford. Without this award the Town would not have been able to design and construct this project without severely impacting funding already programmed towards fixing and maintaining streets and sidewalks,” said Sean M. Divoll, P.E., Director of Public Works, Town of Oxford. “We are very grateful for the essential support of the MassWorks Program in our effort to deliver needed infrastructure improvements so that our businesses and residents may thrive.”
“After touring IPG Photonics this summer and learning about their tremendous economic opportunity for expansion, I immediately reached out to the Baker Administration and Secretary Ash to invite them out to tour IPG and the town,” said Senator Ryan Fattman. “Within a few days, Sec. Ash was in Oxford Touring IPG, listening to the needs of the Town of Oxford and its leaders. I am appreciative of his responsiveness, and I am thrilled to see the Baker Polito Administration in agreement with me that we must continue to invest in our communities and businesses, especially in the important job creating industries such as advanced manufacturing. This $2.5 million grant will go a long way to help Oxford and our local economy continue to grow and expand, and I’m pleased to support it.”
“I’m very pleased the Baker-Polito Administration is awarding this grant in Oxford so IPG can expand in town,” said Representative Paul Frost. “Oxford is a terrific place to do business and IPG is a great company providing good jobs for our region.”
“We are pleased that the private-public partnership between IPG Photonics and the Town of Oxford contributed to the winning award from the Commonwealth” said Angelo Lopresti, IPG Photonics’ Senior Vice President and General Counsel. “We believe that the infrastructure improvement will benefit the local community as well as our planned growth nearby.”
Since 2015, the Baker-Polito Administration has awarded over $275 million in MassWorks grants to support 138 projects in 106 communities. MassWorks funding has been critical to the addition of over 2 million square feet of commercial/retail space, approximately 10,000 full and part time jobs, more than 7,000 immediate housing units, at least 7,000 square feet of new public space and 1,200 new hotel rooms.
Through the 2018 MassWorks round, the Administration will award more than $82 million in new grants for 40 projects that intend to leverage $2.9 billion in private investment, and drive an anticipated 4,000 units of new housing and more than 9,000 full time jobs. 37 communities across the Commonwealth will benefit from this round’s investments.
Governor Baker signed economic development legislation in August that includes substantial new funding for municipalities, including another $250 million for MassWorks awards. The legislation builds on the Baker-Polito Administration’s work to partner with communities to catalyze economic development and create new opportunities for residents across the Commonwealth, including the 2016 Job Creation and Workforce Development act, which authorized $1 billion to support economic development efforts across the state, including $500 million authorization for MassWorks Infrastructure Program, enhanced tools and the introduction of new strategies for job-readiness efforts.
Learn more about MassWorks at mass.gov.