Rhode Island Code of Regulations
Title 870 - Rhode Island Commerce Corporation
Chapter 30 - Tax Credits and Exemptions
Subchapter 00 - N/A
Part 5 - Rules and Regulations for the Anchor Institution Tax Credit
Rule 12 - Board Approval

(1) The Chief Executive Officer of the Corporation has provided written confirmation to the Board (i) that the Corporation has reviewed the Application and any determination regarding the potential impact on the Qualified Business's ability to promote the retention and expansion of existing jobs; stimulate the creation of new jobs, including good-paying jobs; attract new business and industry to the State; and stimulate growth in real estate developments and/or businesses that are prepared to make meaningful investment and foster job creation in the State; and (ii) of the recommendation of the Corporation as to the total Tax Credit to be awarded the Applicant; and

(2) The Secretary of Commerce has provided written confirmation to the Board that the recommendation provided by the Chief Executive Officer of the Corporation is consistent with the purposes of the Act.

(1) the Applicant played a substantial role in the decision of a Qualified Business to complete a Qualifying Relocation;

(2) the Qualifying Relocation has or will result in creation of the following minimum number of New Full-Time Jobs in the State: a minimum of ten (10) New Full-Time Jobs on or before December 31, 2018; or a minimum of twenty-five (25) New Full-Time Jobs on or before December 31, 2020;

(3) that the Chief Executive Officer of the Corporation has provided the written confirmation required by the Act; and

(4) that the Secretary of Commerce has provided the written confirmation required by the Act.