Boston Scientific Amid Headquarters Shift
Boston Scientific enters the 2nd phase of a planned headquarters transition from Natick to Marlborough, Mass., which comes with new requirements in its tax incentive plan with the city.
Massachusetts medical device titan Boston Scientific (NYSE:BSX) will need to add 50 new employees for each 500 square-feet of new space at its new Marlborough headquarters, in compliance with the 2nd phase of a long-term tax incentive program agreed upon by the city.
The company announced in November 2012 that it would move 13 miles of its previous headquarters in Natick, Mass. Construction of the a facility is expected to be completed by 2014.