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EIGHT LAW FIRMS earned a combined $3.5 million for their work on securing $54 million in tax-exempt bonds to help finance Rhode Island FC’s future 10,000-plus-seat home stadium, Tidewater Landing, WPRI-TV CBS 12 reports. / COURTESY FORTUITOUS PARTNERS

Lawyers paid $3.5M for Tidewater Landing bond work

PROVIDENCE – The lawyers who worked on the Pawtucket soccer stadium deal scored a nice payday. Eight law firms earned a combined $3.5 million for...
SEEKING INVESTMENT: Inclusion in the nationwide Opportunity Zone program could mean an influx of new investment and development for regions of the state deemed low-income census tracts. Each of the 25 Rhode Island tracts, the maximum nominations allowed by each state, has a greater-than-27 percent poverty rate. Investors in the program – who could fund everything from startups and business expansions to real estate deals – will be eligible for tax benefits. / SOURCE: R.I. COMMERCE CORP.

New Opportunity Zone program could help banks meet CRA requirements

Included in the 2017 $1.5 trillion federal tax overhaul heralded by President Donald Trump and passed by Congressional Republicans was the Opportunity Zone program. Encouraging...
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