By Joan F. Simoneau, Community Reporter
Marlborough – LFB Corporation (LFB) is planning to expand its current operation in Marlborough into a 65,000-square foot facility on Crowley Drive which will result in an approximate $50 million investment. To assist with financing of the construction of the pharmaceutical upstream commercial clarification facility, Mayor Arthur Vigeant is asking the City Council to approve LFB’s request for a Tax Increment Financing (TIF) agreement with the city.
In a communication to the Council at its July 13 meeting, the mayor stated that LFB expects to add 50 full-time positions to the city as the company, which has facilities in Framingham and Charlton, completes the project locally. They are hoping to begin construction in November.
LFB is also applying for a Local-Only Certified Project status from the Economic Assistance Coordinating Council and will be seeking a Life Science Investment tax credit from the Mass. Life Science Center due to the number of new jobs they project to create over the next seven years, according to Vigeant.
“LFB is asking us to partner with them to help bring high-quality jobs to Marlborough,” stated the mayor. “They chose to expand in Marlborough due to our access to a well-educated workforce with a high degree of knowledge within the life science sector and our transportation access. It is an affirmation of Marlborough and a credit to you that companies like LFB continue to move to and expand in the city.”
The request was referred to the Finance Committee for study and recommendation.
