Tax Incentives - Page 2 of 3 - Providence Business News

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.,...

This Week's Poll 10/12/2018

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...

Entrepreneurship 07/18/2018

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

Economic Activity 06/28/2018

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...

Editorial and Op-Ed 06/15/2018

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...

Capital Goods 05/13/2018

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...

Capital Goods 04/15/2018

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

Economic Activity 04/10/2018

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...