Medical device contract manufacturer SMC Ltd., headquartered in Wisconsin, plans to double the size of its presence in Devens, with a 207,000-square-foot manufacturing and warehouse facility expansion.
The company is investing $41.2 million in the expansion and creating 100 new jobs, according to the Massachusetts Economic Assistance Coordinating Council, which approved a five-year. $790,738 tax break on the project.
The project and the tax break, which will come in the form of reduced property tax bills from Devens, will help SMC retain an additional 400 jobs, according to the company.
During the coronavirus pandemic switched its operations to manufacture diagnostic test kits, respirator components, vaccine delivery components and face shields.
The $41-million expansion marks the largest real estate investment in the company’s history, according to SMC. SMC already operates a Devens facility at 18 Independence Drive.
The project was one of eight approved for participating in the Economic Development Incentive Program, per the announcement.
The Medway consulting firm Business Development Strategies helped SMC apply for the TIF agreement, as well as go through the approval process.
