A company that offers space and equipment for green technology projects is moving from South Boston's Innovation District.
Joined by Governor Deval Patrick and state and local officials, Greentown Labs celebrated the move at its new location on Dane Avenue in Somerville Thursday afternoon.
The company will bring 100 jobs to the city, and is expected to add as many as 40 more, Mayor Joseph Curtatone said.
"We're not an innovation district, or center, we're an innovation city," Curtatone said.
Somerville was able to lure the company in part with a $300,000 loan through state block grant money, Curtatone said. The company is moving into the old Ames Safety Envelope Plant, a 24,000-square-foot, space that is wide open with high ceilings at 28 Dane Ave.
Patrick said the state has been focused on economic development through education, innovation, and infrastructure.
"I'm here to celebrate another example of that working," he said.
The two-year old Greentown Labs has grown quickly, getting its start in Cambridge before moving to South Boston, and now to its new, larger space in Somerville. Its current space in South Boston is being converted into more traditional office space.
The company provides the equipment and software to companies constructing prototypes of new technology ranging from wind turbines to robots.
"It has exceeded our expectations in every sense of the word," cofounder Jason Hanna said Thursday.