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

Updated at 1:27 p.m.

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…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -