Business Excellence Awards
Please Join PBN to Celebrate the 2014 Business Excellence Award Winners on Novem ...
Who said Rhode Island can’t lure new businesses without offering some sort of government-sponsored sweetener to close the deal? During a time of heightened cross-border competition for businesses and new jobs, Rhode Island – with its perceived high costs of doing business – often seems at a disadvantage. While tax breaks can pay off, especially with larger employers, it is often more cost-effective to let local communities and landlords sell themselves, without government intervention.
Such was the case with Mantrose-Haeuser Co.’s decision to move its labs from Attleboro to Lincoln this fall. The company says it neither sought nor received any state assistance in moving approximately 13 employees to a much larger space.
That’s because it found a suitable property and a landlord, F.H. French, eager to accommodate its expansion needs. The company signed a 10-year lease, with a promise that if it continues to grow, the landlord will find more space in other buildings it owns.
Business deals sealed by market forces – and mutual self-interest – have the best chance of lasting, to everyone’s benefit, including the state. •