State Announces Economic Development Incentives for 14 Projects

DENNIS –The state’s Economic Assistance Coordinating Council (EACC) has approved 14 projects for participation in the Economic Development Incentive Program.

The projects include the Aquaculture Research Corporation (ARC) in Dennis.

Last year, the ARC completed a $1.6 million hatchery facility and are now planning to construct two new nursery locations to support an increased shellfish seed output.

The company will create six new jobs and retain 17 while making a private investment of $330,000.

The EACC Board awarded ARC $100,000 in state tax credits.

Of the applicants for the EACC’s program this quarter, 11 are manufacturing companies and six are located in Gateway cities.

The projects are expected to create 722 net new jobs and retain 1,050 jobs throughout the state.

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