A Massachusetts computer networking company is relocating to New Hampshire, a move that state officials say will bring 540 jobs.
Enterasys is planning a move from Andover, Mass., to Salem. It plans to occupy 190,000 square feet, with construction to start in April. The company plans to occupy the building by January 2013 and hire about 80 new employees.
Enterasys President Chris Crowell says the move will reduce its costs and allow it to increase investment in strategic initiatives in research and development.
Michael Bergeron, business development manager for the state, said Enterasys will save on real estate costs and taxes by moving to New Hampshire.
Enterasys is a spinoff company from Cabletron Systems, a company founded by former New Hampshire Gov. Craig Benson.
This program aired on January 11, 2012. The audio for this program is not available.