Home Economy Saab gets tax deal to build, test undersea vehicles in Bristol

Saab gets tax deal to build, test undersea vehicles in Bristol

R.I. COMMERCE CORP.’S board of directors on Monday approved $1 million in tax credits and jobs incentives to subsidize the establishment of Saab Inc.’s Autonomous Undersea division at Bristol’s Unity Park. The board also approved $2.68 million in tax incentives for the owners of Unity Park to redevelop a building in the complex for Saab's use.
R.I. COMMERCE CORP.’S board of directors on Monday approved $1 million in tax credits and jobs incentives to subsidize the establishment of Saab Inc.’s Autonomous Undersea division at Bristol’s Unity Park. The board also approved $2.68 million in tax incentives for the owners of Unity Park to redevelop a building in the complex for Saab's use.

PROVIDENCE – The R.I. Commerce Corp. board approved $3.7 million in combined tax credits and jobs incentives Monday to subsidize the establishment of Saab Inc.’s autonomous undersea division, which will sign a 10-year lease with Bristol’s Unity Park for a manufacturing and testing facility.  The Swedish aerospace and defense company has 13 employees in its

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