GMGI Nominated for 2021 Massachusetts Economic Impact Award
(GLOUCESTER, MA) Gloucester Marine Genomics institute has been named a finalist for the 2021 Team Massachusetts Economic Impact Awards, honoring companies from across the Commonwealth for job growth, investment, expansion, equity, diversity & inclusion and community engagement. This is MassEcon’s 18th annual celebration of firms for their outstanding contributions to the Massachusetts economy.
GMGI’s nomination has been noted as unique, and perhaps precedent setting for the awards, as non-profit organizations have not previously been considered. However, given the sharp focus of the organization on building the workforce to support the area’s marine and life sciences industry, GMGI presented itself as a new kind of candidate for the award.
MassEcon selected fourteen finalists, who range in size and are drawn from cybersecurity, technology, life sciences, engineering, food and beverage, manufacturing, on having a new operation in Massachusetts or expanded operations here resulting in added jobs and facility investment; social impact with community involvement/philanthropic efforts; and internal/external equity, diversity and inclusion practices. The finalists collectively have added more than 375 jobs to the Commonwealth, invested nearly $3.9 billion, and expanded their facilities by 1.375 million square feet.
“The finalists for the 18th Mass Econ Impact Awards have demonstrated resilience and stamina while executing their growth objectives during a global pandemic. They all played an important role in the health and recovery of our economy here in Massachusetts,” said Denise McGeough, Chair of the MassEcon Board of Directors and Senior Vice President at Citizens. “We are excited to recognize their hard work and honor them for their contributions to the Commonwealth.”
With the recent opening of the new biomanufacturing learning environment, GMGI invested $1.546 million in the 3,200 sq ft expansion of its Gloucester Biotechnology Academy. Through the cutting-edge Academy program, GMGI prepares career-compromised young adults in the growing biomanufacturing, life sciences and biotechnology fields, filling a critical workforce gap in the Commonwealth. The recent expansion enables GMGI to grow the annual cohort from 20 to 40 students per year and required the addition of several new staff members. GMGI’s leadership team is steered by an all-female group in their Board Chair, Executive Director and Science Director. In 2020, GMGI created an active and empowered DEI Committee, and has remained committed to bringing awareness to the organization.
“We are incredibly honored to be a finalist for this year’s award, and this nomination would not have been possible without the hard work, tremendous dedication and extraordinary talent of the GMGI team,” said GMGI Executive Director Chris Bolzan. “We are committed to expanding our impact to Cape Ann and beyond.”
“I want to congratulate each of this year’s finalists, all of which seek to ensure the Commonwealth continues to foster an environment that is supportive of new and innovative ideas and helps us maintain our competitive economic edge,” said Housing and Economic Development Secretary Mike Kennealy. “I also want to express my gratitude to the team at Mass Econ for their continuing efforts to grow the Massachusetts economy, invest in our workforce, and strengthen the communities that each of our companies call home.”
On November 23, finalists will participate in a pitch competition before a panel of judges and business leaders. From the pool of finalists, gold, silver, and bronze winners will be selected by region. The winners from each of the five regions will be announced in advance of the awards event on April 7, 2022 at Gillette Stadium in Foxborough.
Gloucester Marine Genomics Institute is a non-profit enterprise that is conducting world-class marine biotechnology research which expands the regional economy. GMGI’s Gloucester Biotechnology Academy, a 10-month certificate training program to train recent high school graduates for careers as lab technicians, recently graduated its fifth class. Gloucester Marine Genomics Institute’s state-of-the-art research institute on Gloucester harbor opened in 2018, and is located at 417 Main Street.