Cadence Science Seeks Tax Incentives for Major Expansion

A manufacturer of precision medical devices and speciality blades, Cadence Science, is looking for a 10-year tax incentive program to help them with a $3.8 million expansion that they say will bring 150 new jobs to western Cranston.

The City Council on Monday will review the application by the company to take advantage of the city’s 10-year industrial tax incentive program, which would let Cadence Science pay the estimated $35,000 additional tax bill brought on by the new construction in 10 percent increments each year totaling $3,500 per year.

In a letter to the City Council, Lawrence J. DiBoni, director of the city’s Division of Economic Development, said the incentive program is committed to attracting and retaining businesses and professional jobs and is fully in support of the plan.

Cadence currently employs 151 full time employees along with 20 temporary employees out of its 43,280 square foot facility off Plainfield Pike. They currently pay about $98,800 in taxes per year.

According to an overview of the construction project supplied by the company, the expansion would add 34,000 square feet of space to their facility to support additional manufacturing. Along with it would come about 150 new jobs.

Cadence Science bought and renovated its current location in 2010 after years of growth that started with the company’s founding in 1985. In 2008, then Cadence, Inc., bought Popper and Sons of Lincoln and changed its name to Cadence Science at the same time.

The company manufactures sharps, cutting blades, surgical devices and other precision and high-performance products used in the medical industry.

The company said in its application that it serves more than 1,000 companies in the drug delivery, general surgery, cardiovascular, endoscopic, ophthalmic, neurology, orthopedic and other markets around the world.