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Qualified Jobs Incentive Tax Credit

Companies expanding their workforce in Rhode Island or relocating jobs from out of state can receive annual, redeemable tax credits for up to 10 years with the Qualified Jobs Incentive program. Credits can equal up to $7,500 per job per year, depending on the wage level and other criteria. The minimum number of new jobs needed to qualify varies by industry and company size, but can be as few as 20, or even 10, jobs. The first 500 jobs approved under the program will receive the maximum credit available.

Target Industries:

  • Biomedical innovation
  • IT/software
  • Cyber-physical systems
  • Data analytics
  • Defense shipbuilding and maritime
  • Advanced business services
  • Design, food and custom manufacturing
  • Transportation, distribution, logistics
  • Arts
  • Education
  • Hospitality and tourism

Download the application to apply now.

 

Contact

business.development@commerceri.com

 

References

 

Awarded Recipients

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