Rhode Island Stories and Impact

State Fact Sheet

Note: the jobs totals in this fact sheet are through 2015 and they include a combination of direct, indirect, and induced FTE jobs and construction jobs. The “total investment” number refers to the total project investment (not NMTC allocation) in the state through the second quarter of 2020.

New Market Tax Credits were critically important to WaterFire Providence in creating the WaterFire Arts Center which is transforming the underserved Valley/Olneyville neighborhood of Providence into a vibrant arts corridor.

-Peter Mello, Managing Director and coCEO, WaterFire Providence, Providence, RI Tweet This

Community Testimonials​

Rhode Island NMTC Videos

Rhode Island NMTC Stories

2013

Providence, RI 

Financing supported the rehabilitation of a 45,000 sq. ft. building into hospital, office, and clinical space. The project also included construction of a single…
2007

Woonsocket, RI 

The project involves the renovation of the Hope Street School building in Woonsocket, RI to create over 14,200 sq. ft. of space….
2016

Providence, RI 

Nonprofit Behind Iconic Arts Display Finds Home With Tax Credit Help…
2006

Providence, RI 

Historic rehabilitation of a building into a mixed-use facility with live/work and retail space….
2018

Providence, RI 

Providence Public Library announced Sept. 13 $4.2 million in NMTC equity and $1.6 million in C-PACE financing for the $25 million renovation of the…
2019

Providence, RI 

A new food hub expands access to fresh food while empowering a new generation of culinary entrepreneurs….
2007

Providence, RI 

The project is an adaptive reuse of the American Locomotive Works site in Providence, RI….
2018

Providence, RI 

Meeting Street was founded in 1946 and is headquartered in a severely distressed urban neighborhood of Providence, Rhode Island. The organization provides educational and…
2014

Providence, RI 

2017
A new $15-million community health center projected to more than double the number of residents served in Rhode Island’s smallest and poorest city. The…