Wednesday, June 22, 2011

Rhode Island seafood firm moving HQ to Mass on Tax - incentive

Roughly a year after acquiring a 5.6 acre parcel in Attleboro, food-processing company MAR Seafood has struck a $250,000 tax-incentive deal with city officials to move its corporate headquarters to the yet-to-be-developed site.
The deal was first reported Tuesday by Attleboro’s Sun Chronicle. The paper said the agreement will make MAR the first occupant of the city’s Industrial Business Park.
MAR, which is currently based in Rhode Island, acquired the development parcel last year for roughly $340,000, according to public records.

The Attleboro Redevelopment Authority has its hands full with filling an empty industrial park, restoration projects and dealing with a lawsuit. 

   Many 'industrial parks' in Massachusetts are empty.  Promising tax breaks to companies is no guarantee a company will succeed.  We need a new direction in this country to lower taxes and undue rigid regulations it  takes even to start a company.
   Years ago a person could up and relocate the whole family if the job market was better in another area of the country.  People today are underwater on their home values, if they still have a home, and are not able to sell or move.  Here in Massachusetts we are now giving $50,000.00 to people to help pay their mortgages.

                           Again, when the handouts stops, then what?

Wrentham eyes business-friendly zoning

 Worcester industrial park nears default

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