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SBDF Investment Fund Tax Credit
Rhode Island's Small Business Development Fund (SBDF) Investment Fund Tax Credit supports investment funds and their investors by providing state tax credits. Created in 2019, this program incentivizes capital investments that spur economic growth and support small business development across the state.
Eligibility Criteria
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Investment Focus: Applicants must propose investments aligned with the state’s economic priorities and small business development goals.
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Certification Requirements: Applicants and their investors must comply with all state and federal regulations governing the program.
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Compliance Documentation: A thorough business plan, investment strategy and financial documentation are required as part of the application process.
Program Benefits
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State Tax Credits: Credits are available to qualified investment funds and their investors.
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Small Business Focus: Encourages investment in small businesses, fostering economic development.
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Economic Growth: Aligns capital deployment with state priorities to create jobs and strengthen communities.
How to Apply
- Review Program Guidelines: Ensure your fund or investment meets all eligibility requirements.
- Contact Our Team: To discuss your eligibility and alignment with program goals.
- Prepare Documentation: Submit a business plan, evidence of investment commitments and financial forecasts demonstrating economic impact.
- Submit Application: Complete and submit the application.
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