Boston Scientific amid headquarters shift | On Call

February 14, 2013 by MassDevice staff

Boston Scientific enters the 2nd phase of a planned headquarters transition from Natick to Marlborough, Mass., which comes with new requirements in its tax incentive plan with the city.

MassDevice On Call

MASSDEVICE ON CALL — Massachusetts medical device titan Boston Scientific (NYSE:BSX) will need to add 50 new employees for each 500 square-feet of new space at its new Marlborough headquarters, in compliance with the 2nd phase of a long-term tax incentive program agreed upon by the city.

The company announced in November 2012 that it would move 13 miles of its previous headquarters in Natick, Mass. Construction of the a facility is expected to be completed by 2014.

Sign up to get our free newsletters delivered straight to your inbox

BSX spokesman Steve Campanini told last year that the company will build a new global headquarters in Marlborough, which can accommodate all of the 800 employees from on the Natick campus.

The company in 2006 agreed on a Tax Increment Financing plan that would grant them tax breaks in exchange for bringing new jobs to the city of Marlborough. The 1st phase of the deal required the company to add 100 employees each year for 3 years, MetroWest Daily News reported.

 Video game technology could save lives - and money

Researchers report that a few-hundred-dollar remote health system centered around Microsoft's Kinect technology, part of the XBox video game console, could save the U.S. healthcare system $30 billion by allowing health providers to connect with patients remotely, cutting down on hospital visits and reducing associated risk of infection.
Read more