The health-tech company Virgin Pulse plans to move its global headquarters from Framingham, Massachusetts, to the Providence Journal Building in downtown Providence, RIPR has learned.
The company is expected to announce the change during the annual dinner Monday of the Greater Providence Chamber of Commerce.
Virgin Pulse and Gov. Gina Raimondo unveiled plans last December for the health-tech company to expand its 65-person Rhode Island presence with almost 300 additional jobs over the next five years. Most of the hires are expected to be newly created jobs with a median salary of about $73,000.
As part of the expansion plan, the state offered Virgin Pulse $2.5 million in Qualified Jobs Tax Credits and $3.2 million in Rebuild RI Tax Credits.
Virgin Pulse describes itself as the "#1 global wellbeing solution provider" and said, "Virgin Pulse supports 1.9 million members in 17 languages across 185 countries"
According to the company's web site, "Virgin Pulse, part of Sir Richard Branson’s Virgin Group, designs technology that cultivates good lifestyle habits for your employees. Configured to complement your culture, our technology, and the overall wellbeing experience we deliver, drives superior outcomes for your people and your business."
Virgin Pulse already has a presence in the Journal Building, centrally located in downtown Providence. The newspaper formerly used the entire structure, but has since consolidated its operations to one floor.
Virgin Pulse has an additional Rhode Island connection in how it acquired ShapeUp, launched by Dr. Rajiv Kumar in 2006, in 2016. Kumar serves as chief medical officer for Virgin Pulse.