Smithfield Approved for $140,000 Tax Incentive
Rhode Island Commerce Corporation | State of Rhode IslandState · Providence, RI- Disclosed value
- Not to exceed $140,000 or 10% of actual forgone tax revenue, whichever is less
- From agenda
- Approved
- Jan 27, 2025
- Term
- 12 years
- Renews
- Free account
The 30-second brief
Rhode Island Commerce approved a Tax Stabilization Incentive award for the Town of Smithfield. The reimbursement may total up to $140,000 over 12 years in connection with the project at 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
- Not to exceed $140,000 or 10% of actual forgone tax revenue, whichever is less
- Document date
- January 27, 2025
- Term
- 12 years
- Renews
- Free account
- Vendor
- Town of Smithfield
- Source document
- Rhode Island Commerce Corporation Agenda Meeting Agenda January 27, 2025 (Agenda)
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 January 27, 2025. The contract value is Not to exceed $140,000 or 10% of actual forgone tax revenue, whichever is less.
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 Not to exceed $140,000 or 10% of actual forgone tax revenue, whichever is less.
What type of contract is this?
This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Rhode Island Commerce Corporation Agenda Meeting Agenda January 27, 2025 (Agenda), dated January 27, 2025 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.