We present Very Large Array C-, X-, and Q-band continuum observations, as well as 1.3 mm continuum and CO(2-1) observations with the Submillimeter Array toward the high-mass protostellar candidate ISOSS J23053+5953 SMM2. Compact centimeter continuum emission was detected near the center of the SMM2 core with a spectral index of 0.24(± 0.15) between 6 and 3.6 cm, and a radio luminosity of 1.3(±0.4) mJy kpc2. The 1.3 mm thermal dust emission indicates a mass of the SMM2 core of 45.8 (±13.4) M ⊙, and a density of 7.1 (±1.2)× 106 cm-3. The CO(2-1) observations reveal a large, massive molecular outflow centered on the SMM2 core. This fast outflow (>50 km s-1 from the cloud systemic velocity) is highly collimated, with a broader, lower-velocity component. The large values for outflow mass (45.2 ± 12.6 M ⊙) and momentum rate (6 ± 2 × 10-3 M ⊙ km s-1yr-1) derived from the CO emission are consistent with those of flows driven by high-mass YSOs. The dynamical timescale of the flow is between 1.5 and 7.2 × 104 yr. We also found from the C18O to thermal dust emission ratio that CO is depleted by a factor of about 20, possibly due to freeze-out of CO molecules on dust grains. Our data are consistent with previous findings that ISOSS J23053 + 5953 SMM2 is an emerging high-mass protostar in an early phase of evolution, with an ionized jet and a fast, highly collimated, and massive outflow.