New Balance Expanding with Sixth New England Factory

New Balance Athletics, Inc., a Council member, is moving forward with plans to build its sixth factory in New England. This factory will be the company’s first new manufacturing plant in two decades.

New Balance is set to open what it calls its ‘Factory of the Future’ in Methuen, MA, in 2020. This project is supported by the Economic Assistance Coordinating Council of Massachusetts, which has just approved $900,000 in state tax credits. The $33 million project will create 60 new jobs in the 80,000 square foot facility, focusing on testing advanced manufacturing techniques, 3-D printing, and research and development.

The NEC commends New Balance’s plans to open this facility and to continue the strong manufacturing legacy of New England.

Read more from the Boston Globe.

img_side
mask_sidebar
Recently from the Blog

November 24 Weekly Round-Up: NEC Members Contribute to COVID-19 Crisis Response

11/24/2020 | Read Post

MassDevelopment Issues Bond for New Perkins School Building and Dorm

11/19/2020 | Read Post

In the News

NEC Elects Six Respected Regional Business Leaders to Board of Directors

09/28/2020 | Read Press Release

NEC Announces 2020 New Englanders of the Year

08/25/2020 | Read Press Release