Massachusetts’14 Growing Companies Named Winners of MassEcon Impact Awards

Watertown, MA – MassEcon, the state’s private sector partner in promoting business growth in Massachusetts, today announced its 21st Annual Team Massachusetts Economic Impact Award winners, recognizing 14 companies for their outstanding contributions to the Massachusetts economy.

The companies were selected on the basis of job growth, facility expansion and investment, community involvement, and commitment to diversity, inclusion, and equity initiatives since January 1, 2024. The winners span from Greater Boston to Western Massachusetts, range in size and are drawn from manufacturing to biotechnology to waste treatment and disposal to medical devices and more. They will be honored at a ceremony on April 9, 2025 at UMass Boston. Citizens is Presenting Sponsor.

“These are remarkable awardees, making contributions to the economic health of Massachusetts in every region,” stated Peter Abair, MassEcon’s Executive Director. “As we recognize each in April, it will also be a celebration of Massachusetts as a place to live and work.”

The winning companies (listed below) were selected after site visits, interviews with regional teams of judges, and 90-second “pitches” at a Finalists Reception at WPI in Worcester earlier this month. The company expansion projects represent a financial investment of $280 million, expanded their facilities by 1.152 million square feet, and added 822 jobs added to the state’s economy. These companies currently employ more than 8,340 people and will continue to increase headcounts with these expansion projects.

“Massachusetts continues to be a national leader in innovation and economic growth and these awardees embody that spirit,” said Secretary of Economic Development Yvonne Hao. “These companies are not only driving job creation, expanded facilities, and investment across our diverse regions, but they are also making significant contributions to the vibrancy of our Commonwealth. We are proud to recognize their continued success and have them on Team MA.”

Werfen will be receiving its second Economic Impact Award (received the award as Instrumentation Laboratories in 2017) and Moderna will be receiving its second Economic Impact Award for regional expansion in Massachusetts. Moderna will also be receiving the Summit Achievement Award for continued expansion and investment throughout Massachusetts for 15 years. This is a unique award, having been presented once before in 2023. The Innovation Excellence Award will also be presented for a second time, this year to Berkshire Innovation Center. This award recognizes the Berkshire Innovation Center’s role in driving innovation and sustainable growth of the technology-focused economy of the Berkshires.

“Congratulations to the Award winners! Thank you for your commitment to Massachusetts by adding jobs and expanding your facilities,” said Bonnie Sullivan, MassEcon Chair and Vice President at Middlesex Savings Bank. “Our economy continues to flourish from the range of growth industries located throughout the state.”

“Citizens is proud to support MassEcon as it works tirelessly to help companies reach their full potential and to drive Massachusetts forward,” said Lisa Murray, President of Citizens, Massachusetts “This year’s winners have demonstrated their commitment to Massachusetts and they are powerful examples of the innovative companies that contribute to our economy.”

Citizens is the Presenting Sponsor of the 2025 Annual Team Massachusetts Economic Impact Awards. Champion Sponsors include Bowditch, Colliers, and Langan. Eastern Bank is a Champion Sponsor and a Pre-Awardee Reception Sponsor. Hunneman is a Champion Sponsor and a Greater Boston Region Sponsor. Middlesex Savings Bank is a Champion Sponsor and a Post Awardee Reception Sponsor.