Westborough Company Set to Benefit from State Economic Development Program

The following was provided by Gov. Deval Patrick’s office.

The Economic Assistance Coordinating Council (EACC) [Wednesday] approved eighteen projects for participation in the Economic Development Incentive Program (EDIP), which are expected to create 1,696 new jobs and retain 4,491 existing jobs, in addition to leveraging over $342 million in private investment and supporting construction projects across the Commonwealth.

Among the approved projects are seven manufacturing companies and eight projects located in Gateway Cities. The EDIP program will facilitate the growth of these businesses, which will contribute to job creation and private investment in the state. The EACC meets on a quarterly basis to review applications.

“Supporting companies that are choosing to grow in Massachusetts is an important part and one of the Administration’s key economic development objectives to create economic opportunity in every region of the Commonwealth,” said Massachusetts Office of Business Development Executive Director Michael Hunter. “These investments will help these companies expand and continue to enhance the Massachusetts economy by making our communities stronger in the long term.”

The EACC approved the following Westborough “Job Creation Project” at today’s meeting:

SimpliVity was founded in 2009 with the mission of simplifying IT as companies in the modern market are under continued pressure to leverage new technology to gain a competitive advantage, but are often constrained by cost and the complexity of deploying it. SimpliVity’s product solutions offer scalability, efficiency and economics of cloud computing while maintaining the performance, resiliency and manageability of enterprise IT. These solutions were launched as recent as April 2013, but have already been adopted by hundreds of enterprises and service providers worldwide. In August of 2014, the company announced its expansion into the Asia Pacific Region and Japan and currently exports approximately 50 percent of its sales. To enable growth as a global technology leader, SimpliVity is proposing a multiple phase growth plan and in phase 1 the company has proposed to hire 120 net-new full-time employees by the end of 2015 at their Westborough headquarters and additionally is seeking a second location in the surrounding area to accommodate future growth. The EACC approved $120,000 in EDIP Investment Tax Credits.