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Tax CreditRhode IslandActiveVerified

Rhode Island Qualified Jobs Incentive

Rhode Island Commerce Corporation (RICC)RI-QJIRefreshed 1 month ago
Do I qualify?
Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Tax credits for Rhode Island businesses creating full-time jobs paying above the state median wage, scaled to wages paid with a focus on technology, financial services, and manufacturing.

Key Requirements & Eligibility

  • 1Must create at least 10 new full-time jobs paying above RI median wage
  • 2Jobs must include employer-sponsored health benefits
  • 3Credit: $2,500–$7,500 per new job per year for up to 10 years
  • 4Enhanced credit for jobs paying 200%+ of median wage
  • 5Target industries: technology, financial services, manufacturing, healthcare

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Must create at least 10 new full-time jobs paying above RI median wage

2.Jobs must include employer-sponsored health benefits

3.Credit: $2,500–$7,500 per new job per year for up to 10 years

4.Enhanced credit for jobs paying 200%+ of median wage

5.Target industries: technology, financial services, manufacturing, healthcare

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