Business Excellence Awards
Applications are now being accepted for the 14th Annual Business Excellence Awar ...
By PBN Staff
One of the key economic development pieces of legislation in the recently-concluded General Assembly session was a limited restoration of the historic preservation tax credit.
The new incarnation of the program sets limits on how many credits any given project can claim, as well as how many credits can be claimed in any given year, and it uses up credits that had been approved but went unclaimed in the aftermath of the Great Recession (credits approved on unfinished projects, such as the redevelopment of the South Street Power Station in Providence, are not subject to the same rules).
Given the limits on the size of projects, do you think that the program will have a significant impact on Rhode Island’s economy?