Rebuild Rhode Island tax credit program surpasses $100M mark

R.I. SECRETARY OF COMMERCE Stefan Pryor says the Rebuild Rhode Island tax credit program plays a key role in drawing businesses to the Ocean State. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – The state’s Rebuild Rhode Island tax credit program recently exceeded the $100 million mark with last month’s award to Rubius Therapeutics Inc. The Cambridge, Mass.-based biotechnology firm has pledged to invest up to $155 million to renovate and move into a vacant manufacturing facility in Smithfield. R.I. Commerce Corp., the state’s economic-development agency,…

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