Mayor James J. Fiorentini > Press Release
January 2, 2009
MAYOR TESTIFIES AT STATE HEARING FOR TAX BREAK FOR SOUTHWICK CLOTHING
Calling it “a great manufacturing coup for the state of Massachusetts”, Haverhill Mayor James J. Fiorentini testified on Tuesday before the State’s Economic Assistance Coordinating Council in favor of a state tax break for Southwick Clothing. Fiorentini noted that the City of Haverhill had already voted to give Southwick a tax break and urged the state board to do the same.
EACC board member Joseph Bevilacqua of Haverhill, Chairman of the Merrimack Valley Chamber of Commerce, abstained from voting but has been a strong proponent for this project. Bevilacqua called it, “a great plus for the entire Merrimack Valley.”
Fiorentini noted that Southwick will retain 300 manufacturing jobs in the Merrimack Valley, and under the terms of the tax agreement with the City of Haverhill, will add an additional 25 union manufacturing jobs:
The EACC unanimously approved the state tax break for Southwick. Under the tax break which was approved, Southwick will receive a 5% state tax credit on any investment they make in office machinery or equipment.
In exchange, the City will retain 300 jobs and 25 new jobs will be created.
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City of Haverhill, Massachusetts
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