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A business plan is not an artifact; it is not paperwork. It is a dynamic document that tells your story and presents a cohesive vision of what your business is, where it is going, and how it will get there. Whether you are a startup or an established business transitioning into a new space, business planning is key to maintaining focus, assessing risk, and growing a well-operated, well-managed and well-capitalized...
The Rhode Island Commerce Corporation is dedicated to supporting the expansion of existing in-state businesses, and helping out-of-state businesses establish themselves in Rhode Island with the location and resources they need to flourish.
The Rhode Island Commerce Corporation houses the Rhode Island Procurement Technical Assistance Center (PTAC), which is dedicated to educating and training companies on the process of selling products or services to the local, state or federal governments. PTAC offers group training and one-on-one counseling sessions on a variety of government procurement topics and provides businesses with a deeper understanding of how government contracts work.
Rhode Island offers tax incentives and credits, as well as grants that can aid businesses in a host of ways. To make sure that companies understand and take advantage of these tax incentives, the Rhode Island Commerce Corporation’s staff works one-on-one with clients to piece together the right tax approach.
The Rhode Island Commerce Corporation works directly with individual businesses to evaluate needs and to make a strategic plan for entering export markets. From questions like “What’s the first step in getting a product on the shelves in Brazil?” to figuring out how to gather materials for an international trade show or understand certification markings, the Commerce Corporation can help companies move down the path to selling globally.
For startups and entrepreneurs, the Rhode Island Commerce Corporation is a technical resource, a sounding board, a connector, and a guide to the many opportunities and programs in the state that can help a new business flourish. With a broad and deep understanding of the Rhode Island economic landscape, the Commerce Corporation helps entrepreneurs understand the competitive terrain and works one-on-one with individual companies to help with their specific needs.