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Wiring And Cable Company Receives $8M From MassDevelopment

Aug 25, 2015 | Reprints | Unlock Link

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MassDevelopment has issued an $8 million bond on behalf of Garnder-based Advanced Cable Ties, a manufacturer of cable ties and wiring accessories.

The company will use bond proceeds to build a 42,300-square-foot addition to its facility at 245 Suffolk Lane in Gardner to use for manufacturing, storage and office space. Advanced Cable Ties will also use the funds to buy injection-molding machines, molds, dryers, a silo, auxiliary equipment and robots.

“North-central Massachusetts has a rich manufacturing past and present thanks to a highly-skilled workforce and leading companies like Advanced Cable Ties,” MassDevelopment President and CEO Marty Jones said in a statement. “MassDevelopment is pleased to support the company as it expands in Gardner and strengthens its commitment to the commonwealth.”

The company expects the project to create 60 jobs and support 77 construction jobs. UniBank purchased the bond.

Commercial & Industrial