Canton, Massachusetts · Saved source text

Article 3 - Hear Reports of Committees - EDC - ATM 2021 pdf file

Town Meeting · Record year 2021 · Record 650464161ee0785a73

Saved text from 12 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.

CANTON
Economic Development
Committee 2021 Update

Canton Business Highlights

 Sale of Reebok/Adidas
  Campus to
  Tufts/Harvard Pilgrim
  Health Care
 Amazon selection of
  Canton for a regional
  site
 Trillium Brewing
  acquisition of 110
  Royall Street
                          Confidential and Proprietary

New Tufts/Harvard Pilgrim HQ




                      Confidential and Proprietary

Economic development in Canton is a
top priority of town initiatives.

   Maintain and grow a strong
    and vibrant business
    community
   Ensure stable commercial
    tax revenue cash flow for
    town services
   Increase property values of
    residences and businesses
    in our community by
    ensuring a growth-orientated
    economic development plan
   Maintain Canton’s
    outstanding reputation as a
    pro-active business friendly
    community in MA
                                   Confidential and Proprietary

Impact of Economic Development on
Canton

    Business taxes contributed $28 million in taxes in
    FY 2020, which is 33% of town revenue.
   The commercial/industrial valuations of business in Canton is
    over $1.2 billion.
   Over $150 million in new business projects projected in Canton
    in Fiscal Years 2021-2023.
   Canton is one of the top Norfolk County communities with the
    highest percentage of commercial taxes generated.
   Canton’s residential tax rate (per thousand dollars of assessed
    value) dropped to $12.20 in FY 2020 and its commercial rate is
    $24.29. Both rates are down from FY 2019.
   A strong commercial tax base helps keep residential taxes
    low!
                                               Confidential and Proprietary

Comparison of Commercial/Industrial Tax as a
Percent of Total Levy in Selected Norfolk County
Municipalities for 2020


 CANTON: 32.6%
 Dedham: 26.7%
 Stoughton: 24.4%
 Quincy: 20.4%
 Randolph: 16.7%
 Sharon: 5.3%
 Milton: 3.5%
 Source: MA DOR, Div of Local Services, 4/13/21


                                    Confidential and Proprietary

Article 28 Overview

   Would authorize a Five (5) Year STA on the building at 80
    Shawmut Road.
   Emergent BioSolutions will be investing $50 million in biotech
    development in the site.
   The property was purchased in 2020 for $11.4 million. The
    previous valuation was $4 million.
   SB, Building Department, ZBA, Planning Board and ConCom
    will have full authority over development of the site.
   Taxes are continuing to be paid on the property based on the
    new valuation of $11.4 million until construction is complete in
    2025. Annual valuations will also be done

                                                Confidential and Proprietary

The Canton Business Community Practices
Community Responsibility


 Over 18 Canton businesses offer annual
  scholarships to high school students.
 In 2020, over $20,000 was donated to Canton
  Municipal Departments/Schools & Senior Center,
  and the Food Pantry from the Canton Business
  Community.
 Since its inception over 40 years ago, CABI has
  donated over $2 million dollars to Canton charities.
 CABI hosts the annual Canton Road Race, which is
  held each September at Papas Rehabilitation Center
  with over 600 runners.              Confidential and Proprietary

Canton, MA is the home of over 150
top companies including:

   Tufts/Harvard Pilgrim Health Care
   Amazon
   Prodrive, Corporate US Headquarters
   Trillium Brewing
   Dunkin Brands
   FIS Global
   Boston Mutual Insurance
   Pepsi
   Meditech
   Armstrong Pharmaceuticals
   Organogenesis
   Harbar
   Underwriters Laboratories
   Fresenius Kabi                        Confidential and Proprietary

Canton EDC greatly appreciates the support of the
SB and other Town Boards and Committees.


 Gene Manning
 Emilio Mauro
 Alan Rapoport
 Tera Kull
 Hamilton Rodrigues
 Manny Montrond



                                  Confidential and Proprietary

Town of Canton, Massachusetts




Contact:   Phil Tracey/philip_tracey@harvardpilgrim.org
           Kathleen Makela/kathleen_makela@tufts-health.com

FOR IMMEDIATE RELEASE


DRAFT

           Newly Combined Tufts Health Plan and Harvard Pilgrim Health Care
                Organization to Establish New Headquarters in Canton
                                Organization will pay $1.6 million to town annually

Wellesley, Mass., and Watertown, Mass., (January 12, 2021) – Tufts Health Plan and Harvard Pilgrim
Health Care, the newly combined nonprofit health plan, will establish a new headquarters at The Block
in Canton, a 42-acre, corporate campus featuring 560,000 square feet of office space. The organization
will transform The Block into a state-of-the-art campus and provide more than $1.6 million in an annual
Payment in Lieu of Taxes (PILOT) to the town of Canton for a thirty (30) year term. The organization is
expected to move into the new campus in the fourth quarter of 2021.

“We are excited to be part of the Canton community and appreciate the hard work and extraordinary
collaboration we received from Canton town officials in helping us make this new campus our home,”
said Tom Croswell, CEO of the combined Tufts Health Plan and Harvard Pilgrim Health Care organization.
“We looked at several locations across the region and The Block campus and the Canton community
were clearly the most outstanding fit for our organization.”

As part of the PILOT agreement reached with Canton town officials, the non-profit will pay $1.6 million
annually – with three percent annual increases.

“We all know the good work done every day by Tufts Health Plan and Harvard Pilgrim Health Care and
it’s an honor to have them join us here in Canton,” said Canton Select Board Chair John J. Connolly. “The
newly combined organization is going to be a huge addition to our community, not only through its
PILOT payment, but by an injection of new energy and civic engagement in our region.”

Board Vice Chair Michael C. Loughran said the thousands of employees coming to the town will be a
shot in the arm for merchants in Canton and surrounding towns once the pandemic allows a return to
shopping and eating out.

“It was a pleasure working with the leadership of the newly combined organization and an honor to
have them select Canton for their new home,” said Loughran. “Restaurants and retail have really been
hit hard by the pandemic. Having these workers here is going to help us return to a robust retail and
restaurant economy.”

“I want to thank all of those in town offices who worked hard to bring this to fruition, especially our
Assessors Office and our Board of Assessors,” added Select Board Chair Connolly.

The new organization became official earlier this month and will announce its new name later in the
year.

Both Tufts Health Plan and Harvard Pilgrim Health Care have long histories of community activism and
philanthropy. In 2020 alone, the Tufts Health Plan and Harvard Pilgrim Foundations committed more
than $17 million to support pandemic relief, advance racial justice and through regular giving programs.
Over time, the two foundations will come together as one, continuing to make important investments in
the five states where they serve members.

About the new combined organization

The combination of Tufts Health Plan and Harvard Pilgrim Health Care represents the coming together
of two of New England’s most iconic nonprofit health care companies. Representing nearly 90 years of
service to our members and the community, together we are building upon our diverse legacies and
innovative collaboration by making it our purpose to guide and empower healthier lives for our
members – no matter their age, health, race, identity, or income.

We strive to be a different kind of nonprofit health and wellbeing company, with a broad range of health
plans, and innovative tools that make navigating health and wellbeing easier, guiding our members at
every step of their health care journey to better health outcomes. We are committed to providing high-
quality and affordable health care, improving the health and wellness of our members, and creating
healthier communities throughout New England.

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