Mascoma moves corporate office to New Hampshire
Mascoma Corp. announced that it is moving the company's corporate headquarters from Boston into a new research laboratory and office building in Lebanon, N.H. Construction of the new building will be completed in August with occupancy by September 2009. The move will allow research and development engineering and commercial development staff to work together under one roof-providing smooth technology transfer from the lab to operating facilities. It will eliminate travel between offices and decrease the company's carbon footprint. Corporate administrative and operating costs will also be reduced. The corporate office move will involve a reduction of 12 to 15 positions due to elimination of redundant functions and inability of some staff to relocate. However, some new positions will be created in Lebanon, and Rome, N.Y., staffing will be unaffected.