Fleet Machine Co.
Fleet Machine, an advanced manufacturing company located in Gloucester, needed funds to purchase a CNC horizontal machining center. This computer-controlled tool would help the company ramp up production of components for the aerospace, robotics, defense, and medical industries. As part of our mission to support manufacturing across the Commonwealth through unique programming and flexible financing, MassDevelopment provided a $225,000 equipment loan to Fleet Machine for this tool. The funding helped Fleet Machine supply critical components to global technology companies and create high-paying jobs in Massachusetts.