Commerce RI authorizes $14.7M in incentives for companies’ expansion, relocation plans

Updated at 1:27 p.m.

Mary MacDonald

05/21/2018

THE R.I. COMMERCE CORP. has approved $14.66 million in incentives over 10 years for four companies, which Commerce RI expects will add $118 million in new revenue for the state over 15 years. Above, Jesse Saglio, the chief operating officer and president of R.I. Commerce Corp, at left, and Gov. Gina M. Raimondo, at a recent meeting of the Commerce board. / PBN FILEPHOTO/MICHAEL SALERNO — THE R.I. COMMERCE CORP. has approved $14.66 million in incentives over 10 years for four companies, which Commerce RI expects will add $118 million in new revenue for the state over 15 years. Above, Jesse Saglio, the chief operating officer and president of Commerce RI, at left, and Gov. Gina M. Raimondo, at a recent meeting of the Commerce board. / PBN FILEPHOTO/MICHAEL SALERNO

PROVIDENCE – State officials authorized up to $14,655,000 in incentives Monday intended to attract two new companies to Rhode Island and encourage two existing entities to expand. In all, 2,000 permanent jobs could be created over the next 20 years, said Gov. Gina M. Raimondo. By far, most of the jobs would come through a…

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