FALL RIVER – The Baker-Polito administration has announced economic-development incentive awards to 12 Massachusetts companies, including three in the city.
In all, the incentives, part of the Economic Development Incentive Program, will attract $140 million in private investment and create more than 400 jobs, according to a news release. In Massachusetts, 1,241 jobs will be retained as a result, said the administration. Eight of the companies are manufacturers.
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“We remain committed to leveraging tools [such as] the [Economic Development Incentives] Program to ensure that companies of all shapes and sizes can continue to participate in and fuel the statewide economy,” said Gov. Charlie Baker.
The Fall River companies are Alexandra’s Boutique; Raw Seafoods Inc.; and Textile Innovation Group for Instrumentation and Research LLC/The Merrow Group Cos.
Women’s formalwear company Alexandra’s Boutique was founded in 1986. The company is expanding its business into the adjacent building at 390 South Main St., the former Capitol Theatre. It plans to hire 15 employees, retain 20 full-time workers and make an investment of $2 million. Fall River has approved a five-year tax financing agreement of about $67,379.
Family-owned Raw Seafoods is a seafood-processing company. It plans to build out an additional 10,000 square feet. It has a five-year tax financing agreement for about $71,939 from the city.
Owned by Owen and Charlie Merrow, The Merrow Group Cos. consists of Merrow Manufacturing, Merrow Sewing Machine Co. and TIGIR. In addition to purchase its current building and new equipment, major facility upgrades are also part of the organization’s plan.
The city is awarding Merrow a five-year special tax assessment valued at approximately $146,677.
Susan Shalhoub is a PBN contributing writer.
