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Somerville committee hears report on Greentown Labs' local impact and next steps for workforce tracking
Summary
City staff told the Open Space, Environment & Energy committee that Greentown Labs remains a major clean-tech incubator with a deep local footprint, but the city does not yet track how many jobs created by Greentown alumni went to Somerville residents; staff proposed a workforce-development position to improve tracking.
Dr. McKinney, the director of economic development, told the committee on Dec. 3 that Greentown Labs has been in Somerville since 2013 and is “the largest clean tech incubator in North America.” She said the Somerville site hosts roughly 140 member companies and sees about 200 people on-site each day, and that Greentown's alumni report large economic figures: an impact report cited about $9.8 billion in economic impact and $8.2 billion raised in investment by 2022.
Why it matters: The committee framed the report as an opportunity to reassess city supports for clean-energy startups. Greentown's member companies have grown into employers and manufacturing…
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