News Summary
Blount Fine Foods, known for its soup and seafood products, will move its corporate headquarters from Fall River, Massachusetts, back to Rhode Island. The Rhode Island Commerce Corporation has approved up to $3.2 million in incentives for the move, which will create 120 new jobs in key positions. This relocation reflects the state’s efforts to attract businesses. Blount, originally founded in Barrington, emphasizes its historical connection to the state and plans for potential future expansion in Warren.
Warren, RI – Blount Fine Foods will relocate its corporate headquarters back to Rhode Island from Fall River, Massachusetts, where it has operated since 2004. This decision was unanimously approved by the Rhode Island Commerce Corporation’s board of directors, which has authorized the company to receive up to $3.2 million in incentives through the Qualified Jobs Incentive Act.
As part of the agreement, Blount Fine Foods will provide 120 jobs in key positions, including C-suite, sales, and back office roles, to the Rhode Island workforce. The approval reflects a broader effort by the state to attract and retain businesses by offering financial incentives to companies that demonstrate potential for job creation and economic growth.
Jeff Miller, executive vice president of investments at Commerce, indicated that this move is a notable day for Rhode Island, as it marks Blount’s return to its roots. Originally founded in Barrington, Rhode Island, in 1880, the company has a long history in the state, further emphasized by its existing manufacturing facility and retail operations on Water Street in Warren.
Incentive Details and Expected Impact
The financial incentives under the Qualified Jobs Incentive Act include tax credits of up to $7,500 per year for each new job created, valid for a decade. This program aims to stimulate economic growth by encouraging companies to create jobs within the state. However, it is important to note that over 25% of the 43 companies that have been awarded credits since 2016 have not met their job creation commitments according to the Commerce Department’s fiscal 2023 report. Factors such as labor market conditions and the requirements for in-person work have been cited as challenges in achieving these goals.
Additionally, the Qualified Jobs Incentive program is set to expire at the end of the calendar year, but ongoing discussions may extend it through 2026, as proposed in the fiscal 2026 budget by Governor Dan McKee. This potential extension underscores the state’s commitment to fostering a favorable business climate.
Company Overview and Future Prospects
Blount Fine Foods is known for its high-quality soup and seafood products, currently generating $762.2 million in revenue as of 2023. The company has received recognition as one of the fastest-growing companies in the region, as noted by Providence Business News’ list for 2024. With a workforce of approximately 1,100 employees across four states, Blount Fine Foods operates various production facilities, including its manufacturing hub in Fall River and outlets such as a clam shack and food truck in Warren, RI.
In light of the corporate headquarters move, Blount Fine Foods is considering expanding its facilities in Warren, which may include the establishment of a new test kitchen. The transitional office for the corporate team is slated to open in April 2025, while plans for a permanent headquarters are currently under development.
In summary, Blount Fine Foods’ return to Rhode Island not only reinforces its historical roots in the state but also introduces significant economic opportunities through job creation and potentially further investments in local infrastructure. The individual and collective efforts of the Rhode Island Commerce Corporation and other stakeholders will play a crucial role in supporting this transition and fostering a thriving business environment.
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Author: STAFF HERE PROVIDENCE WRITER
PROVIDENCE STAFF WRITER The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
