Qualified Jobs Incentive Tax Credit Award Recipients
RESH, Inc., is a precision, sheet metal fabrication company currently located in Franklin, Mass. The company manufactures products such as stainless-steel columns and custom metal components for major industries such as medical laboratories and telecommunications using a first in class manufacturing process.
RESH will create 41 new full-time jobs for which it would receive tax credits. The new employees will be comprised of engineers, operating staff, management and administration roles with an anticipated median annual salary of $52,624 for jobs qualifying for tax credits. RESH expects to hire these new employees by 2022. RESH is approved tax credits will total approximately $735,000 over the course of the 10 year agreement.
Economic Impact Analysis
New England Real Estate Journal: RESH relocates to Rhode Island
Providence Journal:Tax credits lure 3 companies to R.I.