Qualified Jobs Incentive Tax Credit Award Recipients
Response Technologies uses novel additive manufacturing processes coupled with advanced raw materials to solve problems for the U.S. Department of Defense. The company is currently leasing space in West Warwick and is hoping to expand into a much larger facility in Coventry.
With the expansion, the company is approved tax credits for 37 new full-time jobs, including a general manager, engineers and machinists, with a median salary of $56,000. Response Technologies is approved tax credits will total approximately $675,000 over the course of the 10 year agreement.
Economic Impact Analysis
New England Real Estate Journal: Response Technologies relocates to Rhode Island
Providence Journal:Tax credits lure 3 companies to R.I.