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Tag: Qualified Jobs Incentive Tax Credit

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.

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...
The R.I. COMMERCE CORP. Investment Committee voted unanimously on Wednesday to recommend a Qualified Jobs Incentive Tax Credit to East Greenwich-based electric outboard boat motor company Flux Marine Ltd in an effort to keep the company from relocating to Connecticut.

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 PROPERTIES LP is seeking an award under the Rebuild Rhode Island Tax Credit Program to offset costs as it works to turn the long vacant, six-story Studley Building at 86 Weybosset St. in downtown Providence into apartments as part of a $17.9 million renovation. The company is turning the office building into 65 residential units. / COURTESY PAOLINO PROPERTIES LP

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...
PRODUCT TEST: Amanda Jamieson, left, assistant professor of molecular microbiology and immunology at Brown University, holds plaque assays of GC Ink, a graphene ink developed by Graphene Composites USA Inc. that is believed to kill viruses when applied to surfaces. Brown researchers, including Delia Demers, center, and Meredith Crane, are testing the product thanks to a grant GC received from the R.I. Commerce Corp.’s Innovation Voucher Program. / COURTESY GREG SERPA

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...
CAUTION SIGNAL: Fred Mattera, executive director of the Commercial Fisheries Center of Rhode Island, warns of the potential for loss of life and loss of vessels because the 1-mile-wide transit lanes allocated for traveling around wind turbines don’t provide enough room to safely maneuver vessels in high winds and storms when visibility is low. / PBN PHOTO/MICHAEL SALERNO

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...
RUBIUS THERAPEUTICS was approved for a potential $9 million in tax incentives by the R.I. Commerce Corp. Thursday. The company plans to retrofit a Smithfield manufacturing facility through a $155 million investment.

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...

Cambridge biotech Rubius Therapeutics considers R.I. for pharmaceutical manufacturing facility

PROVIDENCE – A Cambridge, Mass.-based biotech company may build a $155 million pharmaceutical manufacturing facility in Rhode Island, and is seeking state incentives from...
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