Companies lined up for tax breaks
Economic development panel to vote on credits for creation of about 1,000 jobs
More than a dozen companies are expected to receive tens of millions of dollars in state or local tax breaks in exchange for promises to create nearly 1,000 jobs, according to documents from a state economic development board obtained under the public records law.
The board, the Economic Assistance Coordinating Council, is scheduled to vote on the tax breaks Tuesday.
Potential beneficiaries of state tax credits include Vecna Technologies Inc., a Cambridge company that makes kiosks for patients to check themselves in for appointments at hospitals. The business, founded in 1999 by a group of MIT graduates, has purchased two buildings near its research laboratory to ramp up manufacturing and plans to add 220 full-time jobs.
General Dynamics Corp., a major defense contractor, has proposed adding 100 jobs as part of an upgrade of its Pittsfield manufacturing plant, where 1,160 people work.
Saint-Gobain SA, a French building materials company with nearly 2,400 workers in the state, plans to take over about half of the former Evergreen Solar plant at Devens to make a component of light emitting diodes, or LEDs. It plans to invest $31 million in the plant and create 90 jobs.
Seven other companies could receive state aid, including retailer TJX Cos., which plans to move 1,600 jobs from Framingham to Marlborough and add 300 new jobs between the two locations. Keurig Inc., a unit of Green Mountain Coffee Roasters of Waterbury, Vt., said last week it would consolidate its Massachusetts operations in Burlington. The state said Keurig plans to add 100 full-time employees and increase its statewide employment to 468.
The state won’t say how much it wants to award in tax credits until after the board acts. The credits typically don’t exceed $30,000 per new job.
In addition, the state board is expected to give final approval to 15 projects that have won local tax breaks, including a Pollo Campero fast-food chicken restaurant slated to open in Lawrence next month.
The state estimated that the property tax break for Pollo Campero’s owners, who did not qualify for state tax credits, will be worth $117,000 over 12 years.
In all, the local tax breaks are estimated to total more than $21 million, including more than $17 million sought by TJX in Marlborough and Framingham.