The Enterprise Zone (Rhode Island)
Last modified on February 12, 2015.
|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|
|Program Administrator||Rhode Island Economic Development Corporation|
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.
|Contact Name||Victor Barros|
|Department||Rhode Island Economic Development Corporation|
|Address||315 Iron Horse Way, Suite 101, Providence, RI, 02908|
|Phone||401-278-9100 ext. 137|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Enterprise Zone Business Tax Credit|