MARLBOROUGH – A proposed Tax Increment Financing Agreement (TIF) would help a technology company with its plans for expansion.
Global Life Sciences USA LLC, operating as Cytiva, and Atlantic-Marlborough Realty IV LLC currently leases 234,591 square feet at 100 Results Way (200-230 Forest St.). They wish to lease an additional 50,000 square feet for lab and training space.
Cytiva would move its operations and 23 employees from Locke Drive to Results Way.
“Their expansion into the new space brings with it an approximate investment of $25 million from Cytiva as well as 131 jobs new to the site. The expansion is estimated to draw an additional 3,000-5,000 visitors,” said Mayor J. Christian Dumais in a letter to the City Council.
Cytiva was formerly GE Healthcare and has been located in Marlborough for several years, according to the mayor. He said Cytiva’s work provides products that support bio-manufacturing companies located in Marlborough and across the world.
“Recently, at their Marlborough location, they completed their Center for Excellence in Cell Culture Services which was a $20 million investment,” he said. “They have been active members of the Marlborough community along with having representation on the Marlborough Economic Development Corporation Board of Directors.”
Dumais wrote that the agreements are “important tools” for the city to recruit and retain companies that want to make large investments in Marlborough.
Dumais credited Meredith Harris, executive director for the Marlborough Economic Development Corp., and City Solicitor Jason Grossfield for their work on the TIF agreement.
Should the TIF be approved, it would begin on July 1, 2025, and end on June 30, 2035. In the first two years, Cytiva would receive 100% real property exemptions; the rate would slide from 90% the third year to 10% by 2035.
Work could begin on the project by the end of 2024, with an opening scheduled for December 2026.
The City Council’s Finance Committee approved the TIF application at its Monday, Oct. 28, meeting.
“This will benefit Marlborough for years to come,” said City Councilor Teona Brown.
The application will be sent to the solicitor, then to the full City Council.
