Smithfield Approved for $140,000 Tax Incentive Award
Rhode Island Commerce Corporation | State of Rhode IslandState · Providence, RI- Disclosed value
- $140,000 tax stabilization incentive over 15 years
- From minutes
- Approved
- Dec 16, 2024
- Renews
- Free account
The 30-second brief
The Rhode Island Commerce Corporation approved a $140,000 tax stabilization incentive for the Town of Smithfield over 15 years. The award supports a tax stabilization agreement connected to Organogenesis’ planned relocation to 100 Technology Way.
Town of Smithfield holds this contract with Rhode Island Commerce Corporation | State of Rhode Island. Its other public contracts on record include work for Isle of Wight County and Town of Mercer.
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Contract details
- Amount
- $140,000 tax stabilization incentive over 15 years
- Document date
- December 16, 2024
- Term
- 15 years; tax stabilization agreement anticipated within 60 to 90 days after December 16, 2024
- Renews
- On record
- Vendor
- Town of Smithfield
- Source document
- Rhode Island Commerce Corporation Minutes Public Session Meeting 2024-12-16 (Minutes)
Town of Smithfield's other public contracts
More Rhode Island Commerce Corporation | State of Rhode Island contracts
Questions about this contract
Who was awarded the government contract by Rhode Island Commerce Corporation | State of Rhode Island?
Town of Smithfield was awarded this government contract by Rhode Island Commerce Corporation | State of Rhode Island, as recorded on December 16, 2024. The contract value is $140,000 tax stabilization incentive over 15 years.
How much is the Town of Smithfield contract with Rhode Island Commerce Corporation | State of Rhode Island worth?
The Town of Smithfield contract with Rhode Island Commerce Corporation | State of Rhode Island is valued at $140,000 tax stabilization incentive over 15 years.
What type of contract is this?
This is a government contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Rhode Island Commerce Corporation Minutes Public Session Meeting 2024-12-16 (Minutes), dated December 16, 2024 from Rhode Island Commerce Corporation | State of Rhode Island. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Town of Smithfield hold?
Town of Smithfield may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Rhode Island Commerce Corporation | State of Rhode Island currently buying?
Explore Rhode Island Commerce Corporation | State of Rhode Island's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.