BUSINESS BRIEF: Wilmington’s Analog Devices Wins Gold Economic Impact Award For Adding Jobs & Constructing New Headquarters

Below is a press release from MassEcon:

WATERTOWN, MA — MassEcon, the state’s private sector partner in promoting business growth in Massachusetts, recently announced its Eighteenth Annual Team Massachusetts Economic Impact Award winners, recognizing 14 companies for their outstanding contributions to the Massachusetts economy. The companies were selected for establishing new operations in Massachusetts or expanded existing operations. Each employer added new jobs and facility investment; pursued social impact through community involvement/philanthropic efforts; and embraced equity, diversity & inclusion practices. The winners will be honored at Gillette Stadium on April 7, 2022, with Citizens as presenting sponsor.

Among the winners were Analog Devices, headquartered in Wilmington, who received the Gold Award.

Analog Devices is a leading global high-performance semiconductor company dedicated to solving the toughest engineering challenges. As a premier edge processing company, Analog Devices connects the physical and digital worlds, where data is born. Analog Devices technologies transform physical phenomena into digital intelligence that ignites human breakthroughs.  The Company’s technology solutions span a range of industries, including industrial, communications & automotive, and serves more than 125,000 customers worldwide. Completed in January 2021, Analog Devices expanded its Wilmington campus by 447K square feet, where it constructed a new worldwide corporate headquarters with 1.4 MW of solar panels, state-of-the-art office and lab space, community hub, and parking garage. This brings most of its Massachusetts employees together onto one campus while supporting new job growth. Analog Devices has a long history of community involvement and is dedicated to supporting programs that make an impact at the local and global level. During the global pandemic, the Company dedicated manufacturing lines to increasing production of critical healthcare components and technology needed for the treatment of COVID-19 patients, launched the Analog Devices Foundation which provides support to COVID-19 relief efforts, and donated $500,000 to the Massachusetts General Hospital’s Vaccine & Immunotherapy Center to help advance vaccine development and novel point-of-care testing technologies for COVID-19.  

The winning companies were selected after site visits by teams of judges and a Finalists Showcase in November 2021. The company expansion projects resulted in $3.9 billion in new investment, 1.375 million in additional square feet of facilities, and approximately 975 new jobs in Massachusetts.

“The commitment of these companies to innovate, invest and grow in Massachusetts is emblematic of the broader vitality of our economy and the workforce that drives it,” stated Peter Abair, Executive Director of MassEcon. “We are incredibly honored to recognize these companies and their achievements.”

“To all the winners of Economic Impact Awards, thank you for your commitment to Massachusetts and the influence you have had on the local economy through job creation and facility expansion,” said Denise McGeough, SVP Middle Market, Citizens, and Chair of MassEcon’s board of directors. “Citizens is proud to partner with Mass Econ to recognize the innovation, and resilience of the award winners. These past two years like no other have required a special quality of leadership to thrive, creating a model for the next generation of business owners.”  

About MassEcon

MassEcon’s mission is to promote and champion Massachusetts as the best place to start, grow and locate a business. Built upon a robust network of corporate and civic members, MassEcon convenes public and private sector leaders of industry to create an inclusive business ecosystem that enhances job growth across a diverse talent pool; promotes investment in all communities; expands equitable opportunities throughout the Commonwealth.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $188.4 billion in assets as of December 31, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 940 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at or visit us on TwitterLinkedIn or Facebook.

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