R.I. Commerce approves $13 million in tax credits for ‘seaglider’ startup

REGENT CRAFT INC. received approval on Wednesday, June 1, 2022, from the R.I. Commerce Corp. for up to $13 million in state tax credits to establish 300 jobs in Rhode Island. / COURTESY REGENT CRAFT INC.
REGENT CRAFT INC. received approval on Wednesday from the R.I. Commerce Corp. for up to $13 million in state tax credits to establish at least 300 jobs in Rhode Island. The company is developing an electric-powered “seaglider.”/ COURTESY REGENT CRAFT INC.
PROVIDENCE – The R.I. Commerce Corp. on Wednesday unanimously approved $13 million in tax incentives for Regent Craft Inc. to move from Massachusetts to Rhode Island. The startup expects to eventually create at least 300 jobs tied to the development of its electric-powered “seaglider” as a new mode of regional transportation, with the goal of…

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