The seafood industry is the biggest winner in the latest round of state tax credits
Four seafood processors won tax credits on Thursday totaling more than $800K
By Jon Chesto Globe Staff,Updated December 11, 2020, 7:23 p.m.
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The New Bedford fishing fleet, seen in this 2011 photo.Jonathan Wiggs
Move over, Amazon. Hang on, Wayfair. This year, the most successful industry in a state tax credit program meant to incentivize job growth certainly wasnât high-tech, at least not in the traditional sense.
The big winner turned out to be an industry as old as the Commonwealth: the seafood sector.
The tax breaks were three of 12 approved Thursday by the Massachusetts Economic Assistance Coordinating Council.
In Marlborough, Revance Therapeutics, a California biotechnology company, has proposed a $115-million manufacturing, research and development facility at The Campus at Marlborough, a complex already including the medical device firm Hologic. Revance would lease a new 79,000-square-foot building on the site, creating 76 new jobs. The Marlborough City Council approved in November a 15-year tax break valued at more than $7.5 million.
In Leominster, Guardian Angels Senior Services is planning to anchor a revitalized space downtown with 40 new jobs and an investment of nearly $1.5 million. The agency has been approved by Leominster officials for a city tax break valued at nearly $8,500 over five years.