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Learn about opportunity zones from R.I. Commerce Corp.

PROVIDENCE – The R.I. Commerce Corp. will host a workshop and conference on the Opportunity Zone program on Thursday, Feb. 21. The daylong program will...
PBN PHOTO/MICHAEL SALERNO

Five Questions With Stefan Pryor

5Q: Stefan Pryor | Secretary of commerce, Rhode Island 1. What was it like being president of the Lower Manhattan Development Corp. in the aftermath...
SOCIAL ENTERPRISE GREENHOUSE has received a $257,321 grant from the U.S. Economic Development Administration to expand the organization’s footprint in Newport and Pawtucket/Central Falls.

SEG awarded $257K grant to expand into Newport, Pawtucket/Central Falls

PROVIDENCE – Social Enterprise Greenhouse has received a $257,321 grant from the U.S. Economic Development Administration to expand the organization’s footprint in Newport and...
ALL 25 Qualified Opportunity Zones nominated by Rhode Island to the U.S. Department of Treasury and the IRS were approved. Areas in purple were submitted to the federal program and received QOZ designation, while areas in green were eligible but not submitted. Rhode Island submitted the maximum number of designations allowed./ COURTESY R.I. COMMERCE CORP.

IRS unveils proposed rules for tax law’s big capital gains break:...

NEW YORK - The Internal Revenue Service unveiled proposed regulations Friday for what Treasury Secretary Steven Mnuchin says could be a $100 billion investment opportunity...
OPPORTUNITY ZONE: Chris Vitale, community-development coordinator for Bristol, stands on Hope Street, one of the areas recently approved by the Treasury Department as an opportunity zone, which will be marketed to developers as a place for ­investment. / PBN PHOTO/MICHAEL SALERNO

Treasury Department approves R.I.’s 25 census tracts for opportunity-zone program

In mid-April, R.I. Commerce Corp. identified 25 low-income census tracts across 15 cities and towns in Rhode Island as opportunity zones, including Bristol’s tract...

How to rescue neighborhoods

More and more, American leaders are realizing that economic policies must be designed with a specific region in mind. Usually, the context is discussion...
ALL 25 Qualified Opportunity Zones nominated by Rhode Island to the U.S. Department of Treasury and the IRS were approved. / COURTESY R.I. COMMERCE CORP.

All 25 R.I. ‘Qualified Opportunity Zones’ approved by feds

PROVIDENCE – All 25 areas that Gov. Gina M. Raimondo and the R.I. Commerce Corp. submitted for designation as “Qualified Opportunity Zones” were approved...
OPPORTUNITY ZONES: A map of the nominated census tracts in Rhode Island that Gov. Gina M. Raimondo submitted to the U.S. Treasury Department as Opportunity Zones, areas in which investors become eligible for tax incentives for investing in real estate projects or businesses. / COURTESY COMMERCE RI

Raimondo nominates 25 R.I. investment ‘opportunity zones’ to U.S. Treasury Department

PROVIDENCE – In the federal Tax Cut and Jobs Act of 2017, there was a provision designed to encourage investment in low-income areas that...
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