Howard Communication Associates | Blog Writing for Businesses
Business Development Strategies, Inc. secures government incentives for growing Massachusetts manufacturer
(MEDWAY, MA) – The future of Massachusetts manufacturing is looking bright in Mendon, where D.C. Bates Equipment Co., Inc. is moving forward with plans to construct a 45,000 square foot facility for use as its corporate headquarters and manufacturing and distribution center.
The estimated $4 million project by the family-owned manufacturer and distributor of truck- and trailed-mounted hydraulic equipment will bring an array of high skill, high wage jobs and significant revenue to the region known as the birthplace of the American Industrial Revolution. The project was made possible, in part, by a package of valuable incentives negotiated and secured by government incentives consultant Lynn Tokarczyk and the Business Development Strategies, Inc. (BDS) team. The incentives include a state tax credit and Tax Increment Financing (TIF) available to growing businesses under the Massachusetts Economic Development Incentive Program (EDIP).
D.C. Bates’s plan to stay and expand in Central Massachusetts is a sign of the region’s increasing appeal to forward-thinking manufacturers and distributors who seek a desirable location for real estate expansion. Jack Healy, president and CEO of the Massachusetts Manufacturing Extension Partnership (MassMEP), notes that land in the Blackstone Valley is, “reasonably priced compared to other places, the taxes are low and the region offers good access to highways in a central location close to Providence, Boston and Worcester.” In addition, Healy says, the nearby proximity of one of the state’s foremost vocational-technical schools adds to the region’s appeal. “The Blackstone Valley Technical High School supports the manufacturing infrastructure in Central Massachusetts because it is a leader in preparing students with the skills they need for the workplace,” Healy explains. With plans to add to its workforce in the coming years, D.C. Bates has already held discussions with the school about the skills needed for employment with the company, explains D.C. Bates Treasurer David Bates.
With ties to the region that stretch back over three decades, D.C. Bates’s expansion in Central Massachusetts was a logical next step in the company’s growth, says BDS President and founder Lynn Tokarczyk. “D.C. Bates conducted a site search for a new location, but in the end they realized it made economic sense to stay and expand in the Blackstone Valley,” she explains. “It is a good decision for both the town of Mendon and the company because D.C. Bates will bring high skill, high wage jobs to the area and continue to support the region that has been its home for more than 30 years.”
David Bates praised Tokarczyk and the BDS team for their skill in negotiating and securing a meaningful incentives package for the company in record time. “The BDS team is very well connected to state and local government, and they interacted well with Mendon residents for a positive outcome at Town Meeting,” Bates affirmed. “They helped educate the local stakeholders about the role of incentives in attracting a family-owned business and streamlined the complex and time-consuming incentives approval process. As a result, BDS helped bring the first TIF to Mendon and achieved a great result for the company.”
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