The Promotive Corporation was organized by a group of local businessmen as a financial response to local industry which was threatened in the years immediately following the Second World War. By pooling their resources the founders of the Corp. were able to provide a low cost, local loan program to help factories retool and compete.

For many years members of the Promotive Corp. acted in an economic development role for the community. The board members actively sought out new industry for the community.

In more recent years the chamber office and the mayors office became initial points of contact for companies looking to expand in Watertown as well as inquiries placed through the Department of Commerce. Economic Development took on many different aspects of business activity. In the late 1980's the Promotive Corp. created an industrial incubator facility which was constructed in the industrial park on Milford Street.

Since that time the group has focused on start-up companies by providing space at an affordable price.

Service information

Time Frames:

Terms: Persons serving on the Promotive Corp. Board of Directors are elected by the ownership of the Promotive Corp. and are subject to the bylaws of the corporation. The chairperson of the Promotive Corp. sits on the board of directors of the Chamber.

Meetings: The Promotive Corp. meets at 7:30 A.M. on the first Tuesday of the month at the chamber office. Meetings typically last on-half hour.