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The EDC assists the residential, non-profit, and business community by providing management, technical assistance, and other resources. Some of our free services include:
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Email Marijke Munsiff, EDC Coordinator, or by call 508-485-0710, ext. 3011.
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New England Center for Children, ikaSystems, Fay School, and St. Mark’s School.
Southborough’s broadly diversified business base is comprised of 19 of the 20 recognized industry sectors. Our leading industry “Super Sectors” include:
Our Committee members have a broad spectrum of backgrounds and experience. We almost always operate by a broad consensus of our members, although, there is rarely a shortage of differing points of view. We welcome public attendance and participation in our meetings and events. We also talk to other residents, friends, contacts, Town officials, and other board and committee members and invite their feedback. We have an open-door policy and welcome public input.
The Committee supports efforts that enhance the quality of life for residents, businesses, and their employees, and it recognizes the inherent value of open space preservation in our community. The EDC believes that business and open space preservation can coexist and reinforce one another. The preservation of open space enhances and supports a sustainable environment and our economy. At the same time, a thriving local economy helps generate the funding needed to support open space preservation.
We have one interest group only - the residents. We assist businesses and non-profits doing business in Southborough to the extent their activities benefit the residents. As one of several EDC initiatives, we assist brokers and companies looking to locate in Southborough because occupied buildings are worth more than vacant ones, and increased property values bring higher property taxes for the Town. That tax revenue helps fund core services for our residents including, schools, roads, library, emergency services, and more.
To become a Committee volunteer, submit your interests and personal/professional background information on the Town's volunteer information sheet, found here. You can also email the EDC Coordinator, Marijke Munsiff or call 508-485-0710, ext. 3011. The EDC generally meets with interested volunteers, prior to recommendation for appointment by the Board of Selectmen.
The EDC is a volunteer Committee of Southborough residents with a diversity of backgrounds who want to assist the Town in maintaining and enhancing a prosperous and sustainable economy. The EDC consists of up to 9 members, appointed by the Board of Selectmen for staggered terms of 3 years. The EDC welcomes all residents who are interested in furthering the EDC mission to join us as a member or to attend our meetings and events.
Yes. Many Town Boards and Committees have coordinators or paid employees, such as the Planning Department, Conservation Commission, Zoning Board of Appeals (ZBA), Board of Selectmen, and Town Clerk. In the modern economy, economic development has become a core government function, evidenced by the widespread establishment of economic development organizations at the local, state, and national levels. In Massachusetts, a high percent of municipalities have an economic development committee or organization in some form. The EDC needs a coordinator to provide consistency of effort on numerous EDC objectives and projects, and to coordinate the scheduling, outreach, and support of the Committee to over 600 businesses and non-profits in Southborough.
With our town's good fiscal discipline, the EDC's mission is to help stabilize residential taxes through the growth of the commercial tax base, while preserving the unique character and charm of Southborough. Assessed commercial values are up $300,000 from the last fiscal year - a direct offset to residential taxes. With over 100 new jobs created in 2016, funding the EDC pays for itself and preserves an approximate $6 million commercial and industrial tax base to the benefit of all residents. This represents approximately 15.5% of the Town's total tax revenues. The EDC also supports historic preservation, open space, and other efforts that enhance the quality of life for our residents, businesses and their employees.
The EDC measures performance using recognized quantitative metrics, including:
These are well-established metrics upon which economic development organizations (EDOs) measure performance. A number of qualitative measures are also compiled, including testimonials, adherence to the Economic Development Recommendations within the Town's Master Plan, and improving organized efforts to promote local businesses.
The Economic Development Committee ("EDC") was established as a permanent standing committee by vote at Town Meeting on April 27, 2017. From 2013 to April 2017, the EDC had been established as an Ad Hoc Committee to the Board of Selectmen. The EDC is permanently established to expand and strengthen the local economy, promote job creation, and enhance the Town's quality of life through prosperous, balanced, and sustainable economic development that retains the distinct character and charm of Southborough.
Economic development aids in building and sustaining a healthy economy for sustainable community development, including the following benefits:
Increase Commercial Tax Base:
Job Creation and Retention:
Business Retention and Expansion:
Productive Use of Property:
Quality of Life:
View additional Economic Development Metrics.
Economic Development is community development. The main objective of economic development for Southborough is to sustain and improve economic, social, and environmental well-being through initiatives that promote job creation and retention, enhance and expand the tax base, and support the development of infrastructure and amenities that improve our core services and quality of life.