Tag: Qualified Jobs Incentive Tax Credit
New Jersey paper company relocating to R.I.
PROVIDENCE – Norpak LLC, a New Jersey-based food packaging product manufacturer, is relocating its manufacturing facility to South Kingstown.
The company is taking over the...
R.I. Commerce approves extra $45K in communications, hiring consulting
PROVIDENCE – Faced with staffing shortages and a growing set of programs, the state’s economic development arm is spending more money on consultants to...
R.I. Commerce approves $13 million in tax credits for ‘seaglider’ startup
PROVIDENCE – The R.I. Commerce Corp. on Wednesday unanimously approved $13 million in tax incentives for Regent Craft Inc. to move from Massachusetts to...
Commerce committee supports tax credits to keep Flux Marine in R.I.
PROVIDENCE – The R.I. Commerce Corp. Investment Committee voted unanimously on Wednesday afternoon to recommend a Qualified Jobs Incentive Tax Credit to electric outboard...
Paolino seeks tax credits for $17.9M Studley Building apartment project
PROVIDENCE – Paolino Properties LP is seeking an award under the Rebuild Rhode Island Tax Credit Program to offset costs as it works to...
Where is Commerce headed? McKee may give R.I. agency new direction...
Amid the upheaval of the COVID-19 pandemic last June, Daniel J. McKee appeared frustrated.
McKee, then Rhode Island’s lieutenant governor, took the unusual step of...
Citing pandemic, R.I. Commerce may relax employment numbers required to trigger...
PROVIDENCE – The R.I. Commerce Corp. may relax its requirements for employers to maintain job thresholds this year under the Qualified Jobs Incentive tax...
POWERING UP: Offshore wind sector gains momentum despite pandemic
Stark white walls, blank computer screens and empty desk chairs weren’t what the executives at Denmark-based wind-energy firm Orsted had in mind when they...
Despite false start, transformation of Jewelry District taking shape
On a recent gray, autumn afternoon, early rush-hour traffic was backing up along Point Street in the old Jewelry District in downtown Providence. Most...
Biotech firm Rubius Therapeutics gains state incentives, will open new plant
PROVIDENCE – R.I. Commerce Corp., the state’s economic development agency, on Thursday approved a package of tax reductions and incentives potentially worth more than...
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