Economic Development Programs

Summary

The City of Cranston offers various economic development programs, including tax incentives for new construction or expansion of qualified facilities, a revolving loan fund program, and a partnership with the University of RI Small Business Development Center. These programs aim to support businesses and stimulate economic growth in the city. The tax incentives provide a tax phase-in for new construction or renovation of industrially or commercially zoned properties, with different minimum construction costs and purchase prices required for different incentive periods. The Revolving Loan Fund program offers low-interest loans to new and existing businesses, while the partnership with the University of RI Small Business Development Center provides one-on-one counseling and technical assistance to small business owners.

Details

Subject

Economic Development Programs

Summary

The City of Cranston offers various economic development programs, including tax incentives for new construction or expansion of qualified facilities, a revolving loan fund program, and a partnership with the University of RI Small Business Development Center. These programs aim to support businesses and stimulate economic growth in the city. The tax incentives provide a tax phase-in for new construction or renovation of industrially or commercially zoned properties, with different minimum construction costs and purchase prices required for different incentive periods. The Revolving Loan Fund program offers low-interest loans to new and existing businesses, while the partnership with the University of RI Small Business Development Center provides one-on-one counseling and technical assistance to small business owners.

Report Type

economic-development

Report Title

ECONOMIC DEVELOPMENT PROGRAMS

Authoring Body

City of Cranston