Title 42, Title 42 Affairs and Government

Any participating lending organizations shall submit to the commerce corporation annual reports stating the following: the number of program loans made; the amount of program funding used for loans; the use of loan proceeds by the borrowers; the number of jobs created or retained…

The commerce corporation may conduct audits of any participating lending organization in order to ensure compliance with the provisions of this chapter, any regulations promulgated with respect thereto and agreements between the lending organizations and the commerce corporation …

Upon termination of a lending organization’s participation in the program, the lending organization shall return to the commerce corporation, promptly after its demand therefor, an accounting of all program funds received by the lending organization, including a transfer of all c…

This chapter shall be known as the “Stay Invested in RI Wavemaker Fellowship.”

The commerce corporation and any other agencies engaging in education-related outreach shall integrate promotion of the program into existing educational opportunity outreach efforts to the extent possible in a manner consistent with the scope of the program and its centrality to…

Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein and to safeguard the expenditure of public funds.

No incentives or credits shall be authorized pursuant to this chapter after December 31, 2026.

The general assembly finds and declares: (1) A well-educated citizenry is critical to this state’s ability to compete in the national and global economies. (2) Higher education both benefits individual students and is a public good benefitting the state as a whole. (3) Excessive …

As used in this chapter: (1) “Applicant” means an eligible graduate who applies for a tax credit for education loan repayment expenses under this chapter. (2) “Award” means a tax credit awarded by the commerce corporation to an applicant as provided under this chapter. (3) “Comme…

(a) There is hereby established the “Stay Invested in RI Wavemaker Fellowship Fund” to be administered by the commerce corporation as set forth in this chapter. (b) [Deleted by P.L. 2023, ch. 79, art. 7, § 10.] (c) The purpose of the fund is to expand employment opportunities in …

(a) Application. An eligible graduate claiming an award under this chapter shall submit to the commerce corporation an application in the manner that the commerce corporation shall prescribe. (b) Upon receipt of a proper application from an applicant who meets all of the eligibil…

(a) The commerce corporation shall require taxpayers to submit annual reports, in such form and on such dates as the commerce corporation shall require, in order to confirm that the taxpayer continues to meet all of the eligibility requirements of this chapter and as a prerequisi…

If an eligible graduate receiving an award under this chapter violates any provision of this chapter or ceases to meet the eligibility requirements of this chapter, the commerce corporation may, on reasonable notice: (1) Withhold further award until the taxpayer complies with the…

(a) If the amount of the tax credit allowed under this chapter exceeds the taxpayer’s total tax liability for the year in which the credit is allowed, the amount of such credit that exceeds the taxpayer’s tax liability may be carried forward and applied against the taxes imposed …

(a) The commerce corporation may adopt implementation guidelines, rules, and regulations pursuant to chapter 35 of this title (Administrative Procedures) as are necessary for the implementation of this chapter. (b) The commerce corporation shall adopt guidelines to assure integri…

It is the intention of the general assembly to foster private-public partnerships in relation to improvement of streetscapes in local business districts by creating a funding program to stimulate investment in such improvements, thus enhancing the environment for business and att…

The main street RI streetscape improvement fund is hereby created within the Rhode Island commerce corporation. The commerce corporation is authorized, within available appropriations, to award loans, matching grants, and other forms of financing to facilitate improvement of stre…

The commerce corporation is hereby authorized to promulgate such rules and regulations as are necessary to fulfill the purposes of this chapter, including the criteria by which grant or loan applications will be judged and awarded.

The commerce corporation shall publish a report on the main street RI streetscape improvement fund at the end of each fiscal year. The report shall contain information on the commitment, disbursement, and use of funds allocated under the fund. The report shall also, to the extent…

Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that …

No incentives shall be authorized pursuant to this chapter after December 31, 2026.

While large enterprises have the expert personnel and financial resources to make strategic investments in innovation, few small businesses have the resources to do so. The resulting underinvestment in innovation stunts the growth of Rhode Island’s economy, inhibits the potential…

No vouchers, grants, or incentives shall be authorized pursuant to this chapter after December 31, 2026.

As used in this chapter: (1) “Commerce corporation” means the Rhode Island commerce corporation established pursuant to § 42-64-1 et seq. (2) “Employee-owned business” means any entity that is a small business and: (i) Is, in whole or in part, a workers’ cooperative as defined in…

(a) The Rhode Island commerce corporation shall establish a voucher program and an innovation network program as provided under this chapter. The programs are subject to available appropriations and such other funding as may be dedicated to the programs. (b)(1) There is establish…

(a) Vouchers available under this chapter shall be used for the benefit of small businesses to access technical assistance and other services including, but not limited to: research, technological development, product development, commercialization, market development, technology…

(a) To qualify for a voucher, for an invention incentive grant, or for a matching fund award under this chapter, a business or individual must make application to the commerce corporation, and upon selection, shall enter into an agreement with the commerce corporation. The commer…

(a) Voucher award amounts to a selected applicant shall be determined by the corporation, to be in the minimum amount of five thousand dollars ($5,000) and the maximum amount of seventy-five thousand dollars ($75,000), subject to appropriations or other available moneys in the fu…

The commerce corporation is hereby authorized to promulgate such rules and regulations as are necessary to fulfill the purposes of this chapter, including the criteria by which voucher, invention incentive grant, and matching fund applications will be judged, awards will be appro…

Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that …

The commerce corporation shall submit a report annually, no later than sixty (60) days after the end of the fiscal year to the speaker of the house and the president of the senate detailing: (1) the total amount of innovation vouchers, invention incentive grants, and matching fun…

Robust industry clusters — geographic concentrations of interconnected firms and related institutions in a field — drive competitiveness and innovation by fostering dynamic interactions among businesses such as labor force pooling, supplier specialization, collaborative problem s…

The industry cluster grant fund (the “fund”) is hereby created within the Rhode Island commerce corporation. The commerce corporation is authorized, within available appropriations, to award grants to organizations on a competitive basis as more particularly set forth in this cha…

Startup and technical assistance grants of seventy-five thousand dollars ($75,000) to two hundred fifty thousand dollars ($250,000) shall be made available to support activities within the industry cluster that enable collaboration among businesses and other institutions in order…

(a) Competitive program grants of one hundred thousand dollars ($100,000) to five hundred thousand dollars ($500,000) shall be made available to support activities to overcome identified cluster gaps and documented constraints on cluster growth or to improve clusters’ effectivene…

The commerce corporation is hereby authorized to promulgate such rules and regulations as are necessary to fulfill the purposes of this chapter, including the criteria by which grant applications will be judged and awarded.

Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that …

(a) The commerce corporation shall submit a report annually detailing: (1) The total amount of grants awarded; (2) The number of grants awarded; (3) The amount of each grant and the private funds matching such grants; (4) The recipients of the grants; (5) The specific activities …

No grants or incentives shall be authorized to be reserved pursuant to this chapter after June 30, 2021.

This chapter shall be known and may be cited as the “Anchor Institution Tax Credit Act.”

(a) By September 1, 2016, and each year thereafter, the commerce corporation shall report the name, address, and amount of tax credit approved for each credit recipient during the previous state fiscal year to the governor, the speaker of the house of representatives, the preside…

No credits shall be authorized to be reserved pursuant to this chapter after December 31, 2018.

It is to the advantage of the state of Rhode Island and its people to attract businesses to locate in Rhode Island thereby increasing the vitality of the Rhode Island economy. It is the intention of the general assembly to give existing Rhode Island businesses an incentive to enc…

As used in this act: (1) “Commerce corporation” means the Rhode Island commerce corporation established pursuant to § 42-64-1 et seq. (2) “Eligibility period” means the period in which a Rhode Island business may claim a tax credit under this act, beginning with the tax period in…

The tax credit program is hereby established as a program under the jurisdiction of the commerce corporation and shall be administered by the commerce corporation. The purposes of the program are to encourage economic development and job creation in connection with the relocation…

(a) A Rhode Island business, upon application to and approval from the commerce corporation, shall be allowed a credit as set forth hereinafter against taxes imposed under applicable provisions of title 44 for having played a substantial role in the decision of a qualified busine…