PROVIDENCE – The R.I. Commerce Corp. Investment Committee will consider Qualified Jobs Incentives of up to $886,250 over 10 years for Boston Energy Wind Power Services Inc. on Wednesday.
The company has proposed to create 52 wind turbine technicians with a median salary of roughly $65,000 per year. The company expects it would finish hiring by 2023 and locate in the I-195 Redevelopment District.
The company would be required to keep the jobs in state for 12 years.
QJI incentives do not begin to take effect until jobs have been in place for a full year. .
If approved, the incentives are expected to create a net of $2.3 million in taxes for the state, according to Commerce RI spokesman Matt Sheaff.
Sheaff said that Secretary of Commerce Stefan Pryor met with the company on a visit to Hull in the United Kingdom on a trade mission.
If approved Wednesday, the incentives would still require approval from the R.I. Commerce Corp. board of directors.
The company is a subsidiary of Bostonair Group Ltd.
Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.
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