Analog Devices expansion will bring 450 jobs
28 August 2023
Analog Devices broke ground Wednesday for its 147,000 square-foot expansion, marking the first step to creating a global headquarters in Wilmington.
An additional 450 employees will be able to work at the expanded site of the technology company, located at 804 Woburn St.
"The intent here is to create a global headquarters to create a sense of collaboration and capture that innovative experience of the company," said Karen Marinella Hall, director of communications for Analog Devices.
A number of employees will be transferring from the Chelmsford and Norwood locations. Marinella Hall said over time, other Analog locations will be consolidated.
This project may not be completed until about 2020.
In addition to things like state of the art laboratories and a cross-functional group collaboration space, the new facility will also feature a 50,000-square-foot hub with a café, auditorium and fitness facility.
Members of the Board of Selectmen, Gov. Charlie Baker, Sen. Bruce Tarr and Housing and Economic Development Secretary Jay Ash, among others, were present at the groundbreaking.
Earlier this year, the Board of Selectmen approved a Tax Increment Financing (TIF) agreement between the town and Analog Devices of $4.3 million over eight years.
"The growth of this company in Wilmington is definitely going to be beneficial to the residents in Wilmington for years to come," Board of Selectmen Chair Kevin Caira said.
"We're delighted that Analog is staying in Wilmington as its national headquarters."
Caira said Analog Devices has had a great relationship with the town, having provided scholarships, hosting an annual technology fair at the middle school and more.
"We are committed to building the Analog Devices of the future," said John Hassett, senior vice president of global operations and technology, in a press release. "We have invested and upgraded our facilities globally to provide more modern, latest technological and work design advances, to support highest level of innovation. This new campus will be our global showcase - enabling us to highlight our best work and attract top talent and build new partnerships."
Marinella Hall said it was a natural decision to expand upon the Wilmington facility, where they already owned about 40 acres of land. Analog Devices has had a presence in Wilmington since 1981.
"We have a large manufacturing footprint here already and a large number of employees," she said. "We also have the space and the relationship in town, so it was a natural decision."