PAWTUCKET – Collette Travel Service Inc. plans to create 50 jobs with salaries that exceed the state’s median by 2021, according to a R.I. Commerce Corp. financial analysis, part of an overall expansion that will also include lesser-paid call center positions.
The travel services company is seeking $1.3 million in state job creation tax credits for the 50 higher-paid positions, which will have a median salary of $59,000. Jobs will include those in information technology, product design and professional services.
Inside Scoop on PC’s Sports Administration Program
This past August Providence College announced its newest graduate program, an online Master of Science…
Learn More
The state Qualified Jobs incentive program can provide a company with a year tax credit up to $7,500 per employee per year if the new positions pay more than the state median salary.
Under a proposal to be considered Monday by the Commerce RI board, will create and maintain the positions for at least 12 years to qualify for the $1.3 million in state incentives.
An economic impact analysis performed for Commerce RI by the consulting firm Appleseed estimates that the 50 positions would have a direct and indirect impact of $8.6 million annually on the state’s gross domestic product, with a gross increase of $3.9 million in personal income, sales and business tax revenues over the 12-year period.
The family-owned company had 395 employees in Rhode Island in 2017, according to the 2018 Book of Lists published by the Providence Business News.
Mary MacDonald is a staff writer for the PBN. Contact her at macdonald@pbn.com.
