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MAY 2005

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NEW ENGLAND REGIONAL REVIEW



Vermont Finds
Good Fortune Near State Lines

Mass Development
www.massdevelopment.com

State of New Hampshire Economic Development
www.nheconomy.com

Vermont Dept. of Economic Development
www.thinkvermont.com

Rhode Island Economic Development Corp.
www.riedc.com

Connecticut Dept. of Economic and Community Development
www.ct.gov/ecd

Maine Dept. of Economic and Community Development
www.econdevmaine.com


   Optical filter maker Omega Optical in January 2005 opened its 30,000-sq.-ft. (2,787-sq.-m.) world headquarters and manufacturing facility in Brattleboro, Vt., overlooking the Connecticut River at the New Hampshire state line. And like TI and other corporations nationwide, Omega is taking an active interest in ancillary real estate development.
      Omega's facility is the first in The Delta Campus, a 137-acre (55-hectare) parcel conceived by Omega President Robert Johnson to host as many as seven high high-tech companies, an educational institution and up to 40 residential units. The site also looks to cash in on another trend: The relocation of people and businesses from busy metros.
      "We believe that this unique concept and site will be an extremely attractive alternative for companies looking to locate away from major metropolitan areas," said Delta Campus Project Manager Gordon Bristol.
      On the other side of the southern tip of the state — or a mere 50 miles away — Shaftsbury is welcoming retail display form manufacturer Alternatives Plus Manufacturing Ltd. to the 180,000-sq.-ft. (16,722-sq.-m.) Eagle Square campus in town this spring, in the wake of the company's merger with Bernstein Display Co. The move across the state line from the company's former headquarters in Hoosick Falls, N.Y., was spurred in part by tax abatements and a $924,000 loan from the Vermont Economic Development Authority, and will bring 150 employees to the new site.
      According to The Business Review of Albany (N.Y.), it wasn't the first time in 2004 a state-border company was poached by the Green Mountain State. Earlier in the year, in nearby Bennington, R. John Wright Dolls Inc. relocated from Cambridge, N.Y., after being offered $284,000 in tax credits.
     
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