Marlborough Economic Development Corporation (MEDC)
History
The Marlborough Economic Development Corporation (MEDC) was conceived by Michael Hogan, a former Marlborough native and former mayor who has also worked as head of the Massachusetts Office of Business Development, CEO of MassDevelopment and, currently, as CEO of the A.D. Makepeace Company. In the early 2000s, Hogan concluded that Marlborough could emulate the successes of larger communities like Brockton and Lowell by creating an independent public/private entity whose sole job would be to encourage economic development. Ultimately, he persuaded the Mayor and City Council president at the time, Nancy Stevens and Arthur Vigeant, respectively, and several local business and community leaders that the idea was worth a try. With everyone on board, the Marlborough 2010 Corporation was created through special legislation in 2007. The organization’s goal was to have a special entity implementing a clear economic development plan up and running by 2010. (The name was changed to the Marlborough Economic Development Corporation in 2010.)
About
The Marlborough Economic Development Corporation (MEDC) is the state chartered economic development corporation for the City of Marlborough, MA and represents a public-private partnership for planning. We work with municipal and private investors to foster economic development, job growth and community revitalization and development.
MEDC is essentially an arm of city government – the sales & promotional arm for the City of Marlborough, largely funded by the local hotel tax.
Our mission is to stabilize the residential tax base by increasing Marlborough’s commercial tax revenue. This will guarantee the future stability of the city and allow for higher quality of life for all Marlborough residents.
What we do
- Advocate for infrastructure that supports economic development
- Promote economic development policies
- Grant writing for economic development
- Promote and support hospitality and tourism
- Implement economic development projects
- Business outreach and retention for the city