Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides a $7,500 per new full-time job income tax credit for businesses creating 10+ qualified jobs in Rhode Island over a 10-year period. Designed for growing companies in high-value sectors.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must create at least 10 new full-time jobs in Rhode Island
2.Minimum salary: $50,000 per new hire (indexed annually)
3.10-year credit term; credits issued annually per job retained
4.Company must be in a qualified sector (excluding retail, food service)
5.Pre-approval from RI Commerce before hiring begins
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.