The '''Massachusetts Bay Company''' was established by royal charter in 1629 as a joint stock company to promote trade and colonization along the Merrimack and Charles rivers in [[New England]].
Its [[Puritan]] stockholders won the right to acquire all of the company's stocks and the company became self-governing and elected John Winthrop as its first governor in 1629. Puritan settlers began what would become the Great Puritan Migration. The first group arrived in [[Salem]] in 1630 and later established a settlement in [[Boston]].
The company and the [[Massachusetts Bay Colony]] were one and the same but in 1684 the company lost its charter. Two years later the colony became part of the Dominion of New England.