Both companies lease property on part of a 350-acre parcel owned by the state. Fidelity leases 300 acres and has a regional service center where it employs 1,600 people. The company developed its site six years ago and now occupies two office buildings containing approximately 525,000-sf of office space as well as two parking garages accommodating 2,2000 cars. This was to be the first phase of its campus plans which it intends to expand.

Dow leased two parcels at this site right near the Fidelity campus three years ago and was planning to develop its facility. But Fidelity opposed the construction because of its proximity to its site. The Rhode Island Economic Development Corporation stepped in and exercised its power of eminent domain over 12 lots in this town. According to the terms of the agreement, the Corporation will lease up to 11 of these lots to Fidelity as well as lots currently assigned to Dow. These will accommodate the company's second phase of its campus expansion plans. The last lot will be leased to Dow providing an alternative site for Dow's facility.

The Corporation will issue up to $10 million in economic development bonds for the acquisition of the land and Fidelity has agreed to construct a road, estimated to cost four million dollars from Route 7 to the site of the proposed Dow facility. Fidelity will be entitled to earn job rent credits of $500 annually per worker when its total state employment goes over 2,500.