EDC lends tech co. $500K to relocate to R.I.

THE state Economic Development Corporation approved a $500,000 loan to help a technology company relocate to Rhode Island. / COURTESY UTILIDATA INC.
THE state Economic Development Corporation approved a $500,000 loan to help a technology company relocate to Rhode Island. / COURTESY UTILIDATA INC.
PROVIDENCE - The state Economic Development Corporation approved a $500,000 loan to help a technology company relocate to Rhode Island. Utilidata Inc., currently located in Spokane, Wash., will bring eight to 15 jobs to Rhode Island in 2012 with an average (expected) annual salary of about $91,000. The company’s technology optimizes the delivery of electricity…
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