Business Development Strategies Assists with Securing Tax Incentives for Global Manufacturer, MACOM
Rendering of MACOM’s new corporate headquarters in Lowell, MA (Courtesy of Calare Properties)
High tech manufacturing is growing in Lowell. That’s where MACOM Technology Solutions Inc., (MACOM), a global developer and advanced manufacturer of integrated circuits, components, and modules, has constructed its new corporate headquarters. The 50,000 square foot expansion has moved forward thanks, in part, to widespread community support and a generous package of Tax Increment Financing (TIF) negotiated and secured with assistance from Business Development Strategies, Inc. (BDS).
“The City of Lowell is thrilled at MACOM’s plans to expand its headquarters in Lowell. My administration and the City Council appreciate MACOM’s commitment to the community and efforts to hire locally… We are happy to support their expansion plans with a local TIF and look forward to strengthening our partnership with the company,” said former Lowell City Manager Kevin J. Murphy.
“Lynn and her team of subject matter specialists helped guide MACOM through the complex incentives process and kept our expansion project on a fast track to success,” says MACOM CEO John Croteau. “We were very pleased with the city’s positive response to our project and their willingness to partner with us.”