The Enterprise Zone (Rhode Island)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Rhode Island



Name The Enterprise Zone (Rhode Island)
Policy Category Financial Incentive
Policy Type Enterprise Zone
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province














Program Administrator Rhode Island Economic Development Corporation
Primary Website http://www.riedc.com/business-services/enterprise-zones


Last Review 2014-09-15



Summary

The Enterprise Zone offers tax incentives to business expanding their workforce by 5% at facilities in designated enterprise zones. The tax credit is equal to 50% of the annual wages paid to a new employee, or up to 75% for an employee who resides in the enterprise zone. The maximum credit is $5000 per employee.


Policy Contact

Contact Name Victor Barros
Department Rhode Island Economic Development Corporation
Division Urban Business
Address 315 Iron Horse Way, Suite 101, Providence, RI, 02908


Phone 401-278-9100 ext. 137
Fax 401-273-8270
Email vbarros@riedc.com
Website http://www.riedc.com/business-services/enterprise-zones


Authorities (Please contact the if there are any file problems.)

Authority 1: Enterprise Zone Business Tax Credit
Date Effective 2011

















References