A bill scheduled to be introduced Thursday would use tax credits to try to spark the creation of jobs.
State Representative Joseph Shekarchi (D-Warwick) is introducing his job development tax credit bill for the third time. He said it’s modeled on a program that incentivizes larger employers to create jobs by lowering their taxes.
A new program is launching to make it easier for first time homebuyers in the Ocean state. The program offers up to two-thousand dollars a year in tax credits for the life of a mortgage to eligible individuals.
The program is run through a partnership between the non-profit Rhode Island Housing, and various mortgage lenders. So far 41 people have applied for the program. Governor Lincoln Chafee says it will help Rhode Island on the road to economic recovery.
In the best of all possible worlds, Providence's iconic Superman Building would be revived as housing that would add downtown residents and reduce the amount of prime office space. Yet Providence Mayor Angel Taveras isn't ruling out the possibility that the structure might have to be leveled.