The six-million dollar expansion will allow the company to realize a 5% tax credit on the purchase of manufacturing equipment, instead of the usual 3%, according to Fujifilm Microdisks vice president and general manager Larry Chiarella. He tells GlobeSt.com that the company will realize about $60,000 a year over the next ten years through the program.Fuji plans to use the facility to produce high capacity tape cartridges used in mainframe computers for activities such as banking, X-rays, MRIs and space exploration.

Romney touted the Fuji expansion as a demonstration that his plan to revitalize the state's economy is on track. He says he personally called George Tanaka, the president of Fujifilm, and that the company agrees the "overall environment" in the state will help it successfully compete on a global basis.

In a speech to the Greater Boston Chamber of Commerce, Romney described his T.O.P. plan for economic revitalization, which stands for "Tapping Our Potential." The plan focuses on creating more jobs, holding the line on taxes, taming the spiraling cost of living, curbing business costs, connecting our higher education system to regional workforce needs and reforming government.