PROVIDENCE – Virgin Pulse Inc. will seek state tax incentives for a tenant build-out of some 88,000 square feet at the Providence Journal building in downtown Providence.
The agenda for the R.I. Commerce Corp.’s investment committee indicates the project will involve $10.8 million in development costs. Virgin Pulse has applied for $3.2 million in Rebuild Rhode Island tax credits, according to state officials.
Virgin Pulse is part of the Virgin Group founded by billionaire Sir Richard Branson.
The company has pledged to create nearly 300 new jobs in Providence over the next five years, according to Gov. Gina M. Raimondo.
Virgin Pulse, which bought ShapeUp Inc. earlier this year, already employs 65 people at 111 Chestnut St.
Home Economy Real Estate Virgin Pulse to seek tax incentives for move to Providence Journal building
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