§ 42-64.29-1. Statement of intent. Robust industry clusters — geographic concentrations of interconnected firms and related institutions in a field — drive competitiveness and innovation by fostering dynamic interactions among businesses such as labor force pooling, supplier specialization, collaborative problem solving, technology exchange and knowledge sharing. It is the intention of the general assembly to […]
§ 42-64.29-2. Fund established. The industry cluster grant fund (the “fund”) is hereby created within the Rhode Island commerce corporation. The commerce corporation is authorized, within available appropriations, to award grants to organizations on a competitive basis as more particularly set forth in this chapter. Applications and awards of grants shall be on a rolling […]
§ 42-64.29-3. Startup and technical assistance grants. Startup and technical assistance grants of seventy-five thousand dollars ($75,000) to two hundred fifty thousand dollars ($250,000) shall be made available to support activities within the industry cluster that enable collaboration among businesses and other institutions in order to advance innovation and increase sector profitability. Eligible organizations may […]
§ 42-64.29-4. Competitive program grants. (a) Competitive program grants of one hundred thousand dollars ($100,000) to five hundred thousand dollars ($500,000) shall be made available to support activities to overcome identified cluster gaps and documented constraints on cluster growth or to improve clusters’ effectiveness. The commerce corporation shall establish, by regulation, both (1) the criteria […]
§ 42-64.29-5. Rules and regulations. The commerce corporation is hereby authorized to promulgate such rules and regulations as are necessary to fulfill the purposes of this chapter, including the criteria by which grant applications will be judged and awarded. History of Section.P.L. 2015, ch. 141, art. 19, § 12.
§ 42-64.29-6. Program integrity. Program integrity being of paramount importance, the commerce corporation shall establish procedures to ensure ongoing compliance with the terms and conditions of the program established herein, including procedures to safeguard the expenditure of public funds and to ensure that the funds further the objectives of the program. History of Section.P.L. 2015, […]
§ 42-64.29-7. Annual report. (a) The commerce corporation shall submit a report annually detailing: (1) The total amount of grants awarded; (2) The number of grants awarded; (3) The amount of each grant and the private funds matching such grants; (4) The recipients of the grants; (5) The specific activities undertaken by recipients of grants; […]
§ 42-64.29-8. Sunset. No grants or incentives shall be authorized to be reserved pursuant to this chapter after June 30, 2021. History of Section.P.L. 2015, ch. 141, art. 19, § 12; P.L. 2018, ch. 47, art. 12, § 11; P.L. 2019, ch. 88, art. 12, § 19; P.L. 2020, ch. 80, art. 1, § 31.
