NORTH KINGSTOWN, R.I (WPRI) — A certain Rhode Island retail chain has obtained millions in tax breaks for a planned expansion at Quonset Business Park.
The new incentives have helped persuade Ocean State Job Lot make the decision to expand in Rhode Island rather than build a new warehouse facility in Pennsylvania.
The Rhode Island Commerce Corporation Monday approved $7.8 million in tax breaks to help Job Lot pay for what will be a $50 million expansion project in North Kingston.
“We’re happy to have the leadership of Rhode Island kind of look at Job Lot and say, yes this is worth investing in,” said David Sarlitto, Ocean State Job Lot Executive Director.
The Commerce Corporation says the move will help stimulate the economy. “It also will bring between 100 and 200 very good jobs and an average rate of pay of $47,000 a year,” added Sarlitto.
The retail store first planned to leave the state when RhodeWorks and the tolls on trucks were introduced, but the tax breaks convinced them otherwise. The company plans to break ground on the expanded facility in August.