Block Engineering

4.0★★★★☆(2 reviews)

132 Turnpike Rd, Southborough, MA 01772

Southborough, Massachusetts, United States

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Hours
9:00 AM – 5:00 PM
Weekdays9:00 AM – 5:00 PM
WeekendsClosed
Address
City: Southborough
Neighborhood: worcester, massachusetts
State: Massachusetts
Postal Code: 01772
Country: United States

Business facts

Estimated annual revenue~$9.2M
Estimated employees~28
Annual payroll (2021)~$3.5M
In business since2015-06-02
Based on reported payroll data

Area statistics (01772)

Population9,867
Median household income$188,000
Source: US Census ACS

About

Since 1956, Block Engineering has been a leading developer and seller of high performance FTIR spectrometers to military, government, and commercial and industrial customers. Their products are utilized in and around Washington DC to protect critical infrastructure from chemical terrorist attacks and by government agencies for remote surveying and personnel protection from chemical warfare agents. In 2004, the company expanded its expertise to develop next generation Quantum Cascade Laser (QCL) spectrometers and low cost, miniaturized MEMS-based FTIRs, leading to several government development contracts exceeding $16 million dollars. Block continues to advance its MEMS-based FTIR and is privately owned with headquarters in Southborough, Massachusetts.

Wheelchair Accessible
Parking, Yes
Categories: Engineer, Activities of head offices.
ISIC Codes: 7010, 7110.

Market analysis

Earning above its category median in a growing category (Engineer).

EstimateCategory trend: 2024, +7.0%

Revenue trend (modeled)

~$6.6M2019
~$6.7M2020
~$7.2M2021
~$7.7M2022
~$8.6M2023
~$9.2M2024
Modeled from official industry statistics+6.8%/yr since 201980% confidence band: ±42%

Company profile

Employees (reported band)15-17
Facility size~20,000 sq ft
Observed

Property

Lot size4.92 acres
Land use340
ZoningBH
CountyWorcester
Parcel owner132 TURNPIKE ROAD LLC
Assessed value$7.2M (land $1.7M)
ObservedPublic assessor / cadastre record

Federal support (SBA)

EIDL advance grant (2020)$10.0K · 10 jobs reported
PPP loan (2020)$656.5K · 32 jobs reported · implies ~$3.2M annual payroll · $665.0K forgiven
Second PPP loan (2021)$738.3K · 33 jobs reported · $747.8K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Engineer in Massachusetts436~$2.7B~$6.2M~$2.2M5.0★4.1×
Category revenue trend2024: +7.0%2023: +7.5%2022: +9.0%2021: +5.2%Modeled from business-level estimates
Chain pressure22 chains expanding in this category, led by A.Normandin Design, Siemens, Tetra Tech (+46 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)71~$439.5M~$6.2M~$1.9M1,170~$157.2M5.0×
Professional, scientific and technical activities17~$300.9M~$17.7M616

1 km area (all businesses): median from the 54 of 71 businesses with estimates

Estimate

Area conditions (01772)

Population9,867 ±168
Median household income$188,000 ±$15,409
Median home value$743,100
Bachelor's degree or higher0.7%
Unemployment rate0.0%
Source: US Census ACS
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