Official State of Rhode Island website

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Press Releases

Rhode Island Commerce Awards $360K in Innovation Grants for Small Business and High-Growth Startup Support

PROVIDENCE, R.I. — Tonight, the Board of Directors of the Rhode Island Commerce Corporation approved $361,614.72 in funding to five organizations through the Innovation Network Matching Grant program. The program provides grants to organizations that support small businesses in key industries such as food and agriculture, technology, artificial intelligence, clean energy, defense, design, manufacturing, cyber security, and the ocean economy or businesses evaluating a transition to employee-ownership, regardless of industry. ...

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Governor McKee and Rhode Island Commerce Launch New Application Period for Research & Development Grants

PROVIDENCE, R.I. – Rhode Island Commerce is now accepting applications for its Innovation Voucher Program, which offers grants of up to $75,000 to help Rhode Island businesses collaborate with a local knowledge provider—such as a university, medical center, or research institution—on the R&D necessary to develop new products, processes, or services. ...

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Rhode Island Commerce Board Approves New Investments in Housing, Venture Capital, and Broadband Infrastructure

PROVIDENCE, R.I. – On Monday, the Rhode Island Commerce Corporation Board of Directors voted to approve tax credits to support new housing in Providence, selected a vendor to administer a new venture capital fund for early-stage startups, and awarded two subgrants for broadband infrastructure improvement projects under the Capital Projects Fund.  ...

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