MassEcon Welcomes 17 new Companies to MA

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Last week, Governor Charlie Baker joined MassEcon officials and 125 business, academic and political leaders to welcome seventeen companies new to Massachusetts at the 10th Annual Corporate Welcome Reception annual Corporate Welcome Reception, held at Sanofi Genzyme’s headquarters in Cambridge.

The annual gathering is designed to promote Massachusetts as an outstanding place to locate, start or expand a business. Of the 17 new companies setting up in Massachusetts, two are global headquarters, two are United States headquarters and one is a North American headquarter.

Governor Baker said, “Massachusetts continues to succeed in attracting new jobs, development and investment from around the world and we are excited for the role these new companies will play in our economy and communities in the years to come. There’s no better state in which to write the next chapter in whatever your story is going to be.”

MassEcon Executive Director Susan Houston said, “Over the past 10 years, we’ve welcomed nearly 150 new companies to Massachusetts, and the 17 we are recognizing today are terrific additions to the Commonwealth’s economic landscape. We look forward to supporting their growth.”

Houston highlighted two made-in-Massachusetts companies: Sanofi Genzyme, formed in 1981 and today the largest biopharma company in the Commonwealth with 5,000 employees; and Kronos, founded in 1977 by an MIT alumnus, and today is a technology leader in cloud-based human relations solutions, with 1,500 employees in its Lowell headquarters and 5,300 employees worldwide.

Sanofi Genzyme Executive Vice President Bill Sibold said, “We believe Massachusetts is the best place to start, grow, and develop a company.”

Governor Baker was introduced by MassEcon Chairman and Vice President for Academic and Corporate Engagement at Worcester Polytechnic Institute Stephen Flavin, noted that these 17 companies collectively absorbed 153,000 square feet of commercial space across the state.

Here is the list of 17 new companies, including where they came from and where they located to in Massachusetts since January 1, 2017.

• Alexion, Connecticut→ Boston
• Asics Creation Studios, California → Boston
• Avianca Airlines, Colombia → Boston
• CELLINK, Sweden → Cambridge
• CILcare, France → Cambridge & Lexington
• Fresenius Kabi Compounding, Germany → Canton
• Histo-Scientific Research Laboratories, Virginia → Worcester
• iboss, California → Boston
• IndusPAD, California → Lawrence/Methuen
• Level, Spain → Boston
• LexaGene, Canada → Beverly
• The Muck Boot Company, Rhode Island → Westwood
• Mustang Bio, New York → Waltham & Worcester
• PainQX, New York → Boston
• Smartsheet, Washington → Boston
• StemTek Therapeutics, Spain → Cambridge
• Tufin, Israel → Boston


MassEcon is a private non-profit entity that serves as the state’s private sector partner in promoting Massachusetts as the premier choice for business growth. Launched in 1993 by the Governor’s Council for Growth and Technology, MassEcon promotes Massachusetts by providing information services to companies seeking to expand or relocate to the state. MassEcon’s services include the Site Finder Service, the Research & Information Service, and the Massachusetts Ambassadors program. MassEcon works to ensure that business stays, grows, and thrives in the Commonwealth. More information can be found at