The Marlborough Economic Development Corporation (MEDC) is the state chartered economic development corporation for the City of Marlborough, Massachusetts. Established by state legislation, Chapter 40 of the Acts of 2007, the quasi-public agency is a public-private partnership operating as a sec. 501(c) nonprofit corporation with municipal and private investors working to foster economic development, job growth and community revitalization and development in the city. MEDC's corporate investor partners include Raytheon Company, Fidelity Investments, Marlborough Hospital, St. Mary's Credit Union, Marlborough Savings Bank, Ken's Foods, Murphy Insurance Agency, Parson's Commercial Group, National Grid, Republic Waste Services, Embassy Suites, Day Pitney and Mirick O'Connell. In 2011 MEDC has undertaken several initiatives, primarily the creation of a comprehensive economic development master plan for the city. The plan will clearly articulate a community vision of the City's economic development future, the goals that will lead to the realization of that future and the identification of those specific opportunities and actions that will be required to achieve the community's economic development goals. MEDC's other focus areas include the city's Sports & Tourism, Commercial Property and Urban Core initiatives.