Planning Ahead for Growth in Massachusetts 4 9 5 / M E T R O W E S T P A R T N E R S H I P A N N U A L M E E T I N G P R E S E N T A T I O N J U N E 1, 2 0 1 2
The Commonwealth s Economic Development Plan Massachusetts has an Action-Oriented Plan for Job Creation: Choosing to Compete in the 21 st Century The Plan was Developed by the Economic Development Planning Council with 34 Public and Private Representatives from across the State, as directed by the Legislature in 2010 The Plan has Five Broad Categories for Action, with 55 Specific Action Steps 3
Choosing to Compete in the 21 st Century The Plan has Five Broad Categories for Action: 1. Advance Education and Workforce Development for Middle Skills Jobs 2. Support Innovation and Entrepreneurship 3. Support Regional Development through Infrastructure Investments and Local Empowerment 4. Increase the Ease of Doing Business 5. Address Our Cost Competitiveness Learn more at www.mass.gov/compete 4
Planning Ahead for Growth Planning ahead for job and housing growth is critical to our prosperity and to our quality of life. Prior to 2007, we largely failed to plan ahead for job and housing growth (notable exception of Devens). Since 2007, we have been deliberately and consistently planning ahead for job and housing growth across the Commonwealth.
The Four Core Elements of Our Strategy In the view of the Patrick-Murray Administration, planning ahead for growth involves four critical elements: Identify promising places for growth that not only have community support, but are also consistent with regional considerations and with the Commonwealth s Sustainable Development Principles Create prompt and predictable zoning and permitting in those places (both state and local) Invest in public infrastructure needed to support that growth Market those places to businesses and developers interested in locating and growing in the Commonwealth
Our Strategy in Action Regional Identification of Priority Growth and Priority Preservation Areas Gateway Cities Identify Idnty Growth District Initiative Zoning Reform Legislation Create Chapter 43D Chapter 43E Massachusetts Idnty Permitting Collaborative Chapter 40R District Local Technical Assistance Best Practices for Model for Streamlined Local Permitting MassWorks Infrastructure Program I-Cubed Invest Idnty Executive Order 525 District Improvement Financing Promote Development Ready Properties Online Resources Market Idnty Supporting Stakeholders Conferences and Events
Differing Types of Growth Opportunities Using this strategy, we are actively supporting opportunities for growth: Regional Growth Development in locations with strong market demand where plans have been made for Idnty significant growth (>1Msqft commercial and/or >500 housing units) Examples: Innovation District, Boston; Assembly Square, Somerville; Southfield Gateway City Revitalization Revitalization of downtowns and neighborhoods Idnty in Gateway Cities Examples: CitySquare & Gateway Park, Worcester; Hamilton Canal, Lowell; Downtown Haverhill, Haverhill; Downtown, New Bedford; Innovation District, Holyoke City and Town Revitalization Revitalization of downtowns and Idnty neighborhoods in cities and towns in all regions of the Commonwealth Job Creation/Housing Creation Targeted opportunities to grow job creation and/or housing creation throughout the Idnty Commonwealth, such as business and industrial parks and mixed-use developments Examples: Dedham; Lee; Jackson Square, Boston; Easton Examples: Salisbury; Hopkinton; Plympton; Natick
495/MetroWest Compact Plan 495/MetroWest Compact Regional Planning Effort Began in January 2011 with the Plan being Released March 2012. Planning Effort Based on South Coast Rail Corridor Plan Planning Effort Included Input from 37 Cities and Towns in the Compact Region including: EOEEA MassDOT Metropolitan Area Planning Council MetroWest Collaborative Mass Audubon 495/MetroWest Partnership Central Massachusetts Regional Planning Council Development Compact Identified 6 Principles to Guide the Discussion Regarding Growth in the Region Priority Area Mapping includes Local, Regional and State Identified Areas for Economic Development and Housing and Areas for Preservation
MassWorks Infrastructure Program
Hopkinton, Lonza Lonza is a leading supplier to the pharmaceutics, healthcare and lifescience industry. The Hopkinton location is dedicated to production, research and development. Public infrastructure upgrades to the local sewer system increased necessary sewer capacity for the Lonza Biologics - Hopkinton Campus expansion. Lonza has since completed its expansion and renovations to its current facility and has added 128 new jobs. Funding Sources $13 Million awarded under the Patrick-Murray Administration ($2.75M MassWorks, $10.4M SRF) $7.4 Million in private investment by Lonza Biologics $1.38 Million, Town of Hopkinton
Framingham, Genzyme Founded in 1981 in Boston, Genzyme evolved from a tiny start-up to one of the world's leading biotech companies. Genzyme has long been known for our expertise in the class of rare genetic diseases. This public-private investment enabled Genzyme to expand its Framingham Campus and create 300 new manufacturing jobs. Genzyme has added a total of over 1400 jobs to their Framingham campus since 2008. Funding Sources $340K awarded under the Patrick-Murray Administration $276 Million in private funding by Genzyme $12.9 Million Life Sciences Center Grant
Worcester, City Square This 12-acre mixed-use, transit-oriented development will include a combination of office, medical, retail, residential and park-like spaces that will integrate within the surrounding business community and urban neighborhoods, while bringing a new excitement to downtown Worcester. This Gateway City project is located within a Chapter 43D District and a Growth Initiative District. Funding Sources $41.25 Million awarded under the Patrick-Murray Administration ($16.25M GDI and $25M ANF) $12.6 Million, City investment DIF Bonds and Contributions $117 Million in private investment
Littleton, Great Road @ 495 This location features IBM Mass Lab IBM s largest software development lab in North America. It will also soon be home to a new 640,000SF multi-building, mixed-use commercial campus, featuring retail, restaurants, medical offices and entertainment amenities. Both sites have been designated Chapter 43D Districts and were identified as a Priority Development Areas in the 495/MetroWest Development Compact Plan. Funding Sources $1.5M MassWorks Grant to support roadway improvements on Great Rd. $2MMassWorks Grant awarded to support Littleton Commuter Rail Station Project $80M in future private investment
Our Strategy is Simple and Effective We admit that it is easy to get lost in the alphabet soup of on-going initiatives. But they all come back to the four core elements: Identify appropriate locations for growth Create prompt and predictable permitting Invest in public infrastructure that will support growth Market to businesses and developers interested in locating and growing in the Commonwealth