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Commerce RI approves incentives for Aloft Hotel, Custom & Miller Box

PROVIDENCE – The R.I. Commerce Corp. board of directors approved incentives for CV Properties LLC and Custom & Miller Box on Jan. 28.CV Properties...
THE COMMERCE RI Board of Directors approved incentives for CV Properties and its construction of the Aloft Hotel in the I-195 Innovation District. Above on the right, an initial rendering of the hotel. Commerce also approved incentives for the relocation and staff hiring at Custom & Miller Box and approved five innovation vouchers Monday. / COURTESY ­WEXFORD SCIENCE & ­TECHNOLOGY

Commerce RI approves incentives for Aloft Hotel, Custom & Miller Box

PROVIDENCE – The R.I. Commerce Corp. board of directors approved incentives for CV Properties LLC and Custom & Miller Box, as well as Innovation...
SHATTERED DREAM: Pictured is the site of the former Apex department store in downtown Pawtucket, which had been the proposed location for a new ballpark for the Pawtucket Red Sox until the team announced it found a better deal with Worcester, Mass., where it will be moving in two years./ PBN FILE PHOTO/PAMELA BHATIA

Given the departure of the Pawtucket Red Sox to Worcester, Mass.,...

With the reality of the departure of the Pawtucket Red Sox setting in, political leaders and small business owners are cassting about for ways...

BBJ: Rubius Therapeutics raises $241M in IPO, highest for biotech company...

PROVIDENCE – Cambridge, Mass.-based Rubius Therapeutics Inc. raised $241 million in its initial public offering Wednesday, the highest for a biotechnology company in Massachusetts...
RUBIUS THERAPEUTICS was approved for a potential $9 million in tax incentives by the R.I. Commerce Corp. Thursday. The company plans to retrofit a Smithfield manufacturing facility through a $155 million investment.

Biotech firm Rubius Therapeutics gains state incentives, will open new plant

PROVIDENCE – R.I. Commerce Corp., the state’s economic development agency, on Thursday approved a package of tax reductions and incentives potentially worth more than...
DESIGNING PARTNERSHIP: Half a year after Gov. Gina M. Raimondo revealed Infosys’ plans to create a Design and Innovation Hub in Providence, the company announced it was partnering with RISD to build a training curriculum here. 
 / PBN FILE PHOTO/CHRIS BERGENHEIM

Design talent a major lure for Infosys decision to come to...

When Infosys announced its intention late last year to hire 500 people and create a Design and Innovation Hub in Providence, it was only...
ELECTRIC BOAT will receive up to $20 million in incentives for its initiative to nearly double its square-footage in the Quonset Business park and hire 1,300 workers in Rhode Island as it scales up its workforce to build the Colombia-class submarine for the U.S. Navy. Above the Virginia-class submarine, which Electric Boat also produces for the Navy. / COURTESY ELECTRIC BOAT

Is the state making a good investment with its offer of...

The announcement earlier this month that the state was offering up to $20 million in tax incentives to General Dynamics Electric Boat to expand...
A BELIEVER IN RHODE ISLAND: Amgen Rhode Island vice president of operations Tia Bush said that the company's decision to build a new plant in Rhode Island was "a testament to our skilled, dedicated workforce" at the company's West Greenwich manufacturing facility. / PBN FILE PHOTO/RUPERT WHITELEY

Tax incentives are back in the news with Commerce RI granting...

The R.I. Commerce Corp. has approved up to $9.2 million in incentives for Amgen Inc. to build a $165 million biomanufacturing plant in West...
PREPARING FOR SUCCESS: Amgen Rhode Island senior associates Devon Zayas, left, and Scott Lyons conduct a safety check prior to using a bioreactor at the company’s West Greenwich facility. / PBN PHOTO/
RUPERT WHITELEY

Commerce RI approves incentives for new Amgen biomanufacturing facility

PROVIDENCE – The R.I. Commerce Corp on Tuesday approved approximately $8.2 million in incentives with the possibility for up to $9.4 million in incentives for...
DO DEVELOPERS NEED HELPING HAND? Former Providence Mayor Joseph R. Paolino Jr. has taken advantage of tax-sta-bilization agreements to redevelop a number of city properties, including the more than 150-year-old Case-Mead Building. Without such incentives, Paolino said the city is “behind the eight-ball” when it comes to development. But some challenge the need for the tax breaks. / PBN FILE PHOTO/MICHAEL SALERNO

Providence TSA update needed to increase investment

For years Providence has had a justly earned reputation as one of the most difficult cities in which to develop real estate. Between costs,...
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