reglab/statecodes huggingface dataset:
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Renewable Energy Development Fund Programs › Section 870-RICR-20-00-1.7 - Commercial Scale

Current through June 14, 2024
A. Solicitations for
							funding:
1. Solicitations shall include all
							project requirements, which are subject to change between funding
							periods.
2. Solicitations shall
							include all deadlines for application submission.
3. Funding will be issued in the form of
							grants.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Renewable Energy Development Fund Programs › Section 870-RICR-20-00-1.8 - Community Renewables

Current through June 14, 2024
A. Solicitations for
							funding:
1. All program requirements shall be
							available on the Corporation's website.
2. Funding will be issued in the form of
							grants.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Renewable Energy Development Fund Programs › Section 870-RICR-20-00-1.9 - Pre-Development Feasibility Studies

Current through June 14, 2024
A. Solicitations for
							Funding:
1. All program requirements shall be
							available on the Corporation's website.
2. All awards will be funded as low-interest
							loans contingent upon the ability for the project to be successful.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Renewable Energy Development Fund Programs › Section 870-RICR-20-00-1.10 - Early Stage Commercialization

Current through June 14, 2024
A. Solicitation for
							Funding:
1. All program requirements shall be
							available on the Corporation's website.
2. All awards will be funded as low-interest
							loans contingent upon the ability for the project to be successful.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Renewable Energy Development Fund Programs › Section 870-RICR-20-00-1.11 - Brownfields Solar PV Program

Current through June 14, 2024
A. Solicitations for
							funding:
1. Solicitations shall include all
							project requirements, which are subject to change between funding
							periods.
2. Funding will be issued
							in the form of grants.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Renewable Energy Development Fund Programs › Section 870-RICR-20-00-1.12 - Workforce Development

Current through June 14, 2024
A. Clean Energy
							Internship Program
1. Intern eligibility:
a. The following eligibility, at a minimum,
							shall be evaluated:
(1) Students need to
							demonstrate that they are currently enrolled at a college or university located
							in Rhode Island or if the college or university is located outside of Rhode,
							can demonstrate proof of residency.
(2) Students must have completed or will
							complete at least their freshman year of college (24 credits) the semester
							before the internship.
(3) If a
							student attends a community college (or 2-year associate program) the student
							must have completed at least 24 credits.
(4) Graduate students must be currently
							enrolled in a Master's Degree program.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.1 - Purpose

Current through June 14, 2024
These rules and regulations (the "Rules" or "Part") are
								promulgated to set forth the principles, policies and practices of the Rhode
								Island Commerce Corporation in implementing and administering R.I. Gen. Laws
								Chapter 42-64.23, the First Wave Closing Fund Act (the
								"Act").
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.2 - Authority

Current through June 14, 2024
These Rules are promulgated pursuant to R.I. Gen. Laws
								Chapter 42-64.23. These Rules have been prepared in accordance with the
								requirements of the Rhode Island Administrative Procedures Act, R.I. Gen. Laws
								Chapter 42-35.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.3 - Scope

Current through June 14, 2024
These Rules shall apply to any application for an incentive
								under the Act. Notwithstanding anything contained in these Rules to the
								contrary, the Rhode Island Commerce Corporation shall have and may exercise all
								general powers set forth in the Act that are necessary or convenient to effect
								its purposes, and these Rules shall be liberally construed so as to permit the
								Rhode Island Commerce Corporation to effectuate the purposes of the Act, the
								public interest, and other applicable state laws and
								regulations.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.4 - Severability

Current through June 14, 2024
If any provision of these Rules, or the application thereof
								to any person or circumstance, is held invalid by a court of competent
								jurisdiction, the validity of the remainder of the Rules shall not be affected
								thereby.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.6 - Funding Guidelines

Current through June 14, 2024
A. The following
							requirements must be met for a Project to be eligible for a First Wave
							Financing:
1. the Applicant must demonstrate
							need for First Wave Financing by showing that all other options for financing,
							within reason, have been exhausted;
2. the Project must be of a critical or
							catalytic nature in that it either:
a. will
							result in the creation or retention of at least twenty-five (25) Full-Time
							Jobs;
b. has the potential to spur
							further private investment or economic activity in the community in which it is
							located; or
c. involves
							infrastructure or a facility that will support or enhance development in the
							community in which it is located, including, but not limited to,
							transportation, parks, greenways, performance venues, meeting facilities, or
							other community facilities.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.7 - Request for Authorization

Current through June 14, 2024
A. No Application
							for First Wave Financing can be filed without written authorization from the
							Corporation.
B. The Corporation may
							authorize an Application for First Wave Financing:
1. to an Applicant who has applied for an
							economic incentive under another program administered by the Corporation;
							or
2. after review and approval of
							a Request for Authorization, in the form published by the Corporation, received
							from the Applicant demonstrating that the Applicant's Project meets the
							criteria set forth in §
											2.6     of these Rules.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.8 - Application

Current through June 14, 2024
A. Each Application made by an Applicant
							shall include the following information in a format prescribed by the
							Corporation (unless inapplicable):
1. the
							name, address and principal contact for the Applicant;
2. state and federal tax identification
							numbers;
3. the location of the
							Project;
4. a detailed description
							of the Project;
5. a demonstration
							that the Project satisfies at least one of the purposes set forth in §
											2.6(A)(2)     of
							this Part;
6. a detailed
							description of the Project's financing, including sources and uses of
							funds;
7. a statement of need
							demonstrating why First Wave Financing in the amount sought is necessary to
							bring the Project to fruition in the State;
8. the amount of First Wave Financing
							requested, and the form (debt, equity, grant) in which the First Wave Financing
							is sought;
9. a schedule for the
							disbursement of the First Wave Financing;
10. a description of the proposed use of the
							First Wave Financing;
11. a list of
							all federal, state, and local incentives, grants, tax credits or other aid
							(including a tax stabilization agreement) that will or may be received or
							requested for the Project, and the status of the application for
							each;
12. an explanation of the
							major risks, business drivers, and financial opportunity associated with the
							Project;
13. a list and status of
							all required federal, state and/or municipal approvals and/or permits required
							for the Project; and
14. such other
							information as the Corporation deems appropriate or necessary.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.9 - Fees

Current through June 14, 2024
A. An Applicant shall be charged a one-time,
							non-refundable application fee by the Corporation and may be charged fees for
							ongoing administration in relation to the Project if approved by the Board. The
							Corporation shall annually publish a fee schedule on its website commencing on
							or before December 31, 2015.
B. An
							Applicant may be required to pay to the Corporation the full amount of direct
							fees and costs paid to third-parties by the Corporation in relation to the
							consideration and/or approval of the Applicant's Project.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.10 - Review Process

Current through June 14, 2024
A. Each Application
							shall be reviewed to confirm compliance with the Act and these Rules, and the
							Corporation may reject any incomplete or deficient Application.
B. The Corporation may require the submission
							of additional information in connection with any Application or the revision of
							an Application, and may permit the resubmission of an Application rejected as
							being incomplete or deficient.
C.
							After submission of a complete Application and review by the Corporation in
							accordance with the requirements of the Act and these Rules, the Corporation
							will determine whether to recommend to the Board that it approve a First Wave
							Financing for the Project. In developing a recommendation, the Corporation may
							take into account, in consideration with other factors deemed relevant by the
							Corporation:
1. economic impact of the
							Project, including costs and benefits to the State, including the impact on
							private investment, employment, and state and local revenues, and overall
							societal impact on the State;
2.
							the amount of the Project Financing Gap;
3. strategic importance of the Project to the
							State, region, or locality, including whether the Project furthers State or
							municipal planning and development objectives, or both and the Project's
							relationship to other Projects awarded to be awarded incentives under these
							Rules and the Act;
4. quality and
							number of jobs produced;
5. quality
							of industry and Project;
6. any
							competitive offers regarding the Project from another state or country;
							and
7. whether there exists an
							opportunity for the State or the Corporation to recoup or receive a return on
							all or portion of the First Wave Financing to be provided to the Applicant by
							virtue of a receipt of an equity stake or other interest in or return from the
							Project.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.11 - Discretion and Judicial Review

Current through June 14, 2024
A. The Corporation
							shall not have any obligation to make any award or grant any benefits under the
							Act or these Rules.
B. A review of
							an Application shall not constitute a "contested case" under the Administrative
							Procedures Act, R.I. Gen. Laws §
										42-35-9,
							and no opportunity to object to an Application shall be afforded, nor shall
							judicial review be available from a decision rendered by the Corporation or the
							Board in connection with any Application.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.12 - Board Approval

Current through June 14, 2024
A. Prior to Board
							consideration of any Project, a subcommittee of the Board shall convene to
							consider the Project, and no Project shall be submitted to the full Board for
							consideration unless and until such subcommittee has reviewed the
							Project.
B. In approving First Wave
							Financing for an Applicant, the Board may set terms and conditions on the
							receipt of First Wave Financing as it deems appropriate, including but not
							limited to approving First Wave Financing in an amount lesser than the sought
							in the Application.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.13 - Financing Agreement

Current through June 14, 2024
A. Upon approval of
							First Wave Financing for an Applicant by the Board, the Corporation and the
							Application will enter into a Financing Agreement prior to the issuance of any
							First Wave Financing to the Applicant.
B. In order to safeguard the expenditure of
							public funds and ensure that the disbursement of funds further the objectives
							of the Act, the Financing Agreement shall include, among others, the following
							terms:
1. the maximum amount of First Wave
							Financing awarded;
2. the timing of
							the disbursement of the First Wave Financing;
3. a provision delineating the permissible
							uses of the First Wave Financing provided;
4. reasonable evidence that the Applicant is
							in good standing with the Division of Taxation at the time of execution of the
							Financing Agreement, meaning that the:
a. the
							Applicant is current on all outstanding filings and declared tax liabilities
							subject to audit;
b. the Applicant
							and the Division of Taxation have a workout payment agreement or other
							settlement with respect to any known delinquent tax liability and the Applicant
							is current on that workout payment agreement or settlement; or
c. the Applicant has timely commenced or is
							engaged in an administrative or judicial proceeding concerning a tax liability
							the status of which would otherwise preclude the issuance of a letter of good
							standing from the Division of Taxation;
5. events of default and remedies including
							events, if any, that would trigger forfeiture, revocation and/or repayment of
							the First Wave Financing provided;
6. indemnification, insurance and other
							customary protective requirements;
7. reporting requirements including, but not
							limited to, any requirements under the Act;
8. the imposition of such restrictions or
							covenants upon the Project as may be necessary, in the Corporation's sole
							determination, to ensure continued compliance with the Act, the Rules, and any
							terms and conditions on the provision of First Wave Financing that the
							Corporation deems appropriate;
9.
							at the Corporation's discretion, a provision requiring the Applicant to pay the
							Corporation's reasonable attorneys' fees incurred in connection with the
							negotiation, execution and enforcement of the Financing Agreement;
							and
10. any other provisions the
							Corporation deems appropriate.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.14 - Administration and Examination of Records

Current through June 14, 2024
The Corporation may examine any books, papers, records or
								memoranda bearing upon the approval of any financing awarded under the Act, and
								may require the attendance of any person executing any application, report or
								other statement, or the attendance of any other person, and may examine such
								person under oath respecting any matter which the Corporation deems pertinent
								or material in determining eligibility for financing sought under the
								Act.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 2 - Rules and Regulations for the First Wave Closing Fund (870-RICR-20-00-2) › Section 870-RICR-20-00-2.15 - Inspection Rights

Current through June 14, 2024
The Corporation shall have the right to make an inspection
								and to enter upon any property that is the subject of a Request for Financing
								during the application process or term of any Financing Agreement to verify
								compliance with the Act, these Rules and such other conditions imposed in the
								Financing Agreement.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.1 - Purpose

Current through June 14, 2024
These rules and regulations (the "Rules") are promulgated
								to set forth the principles, policies, and practices of the Rhode Island
								Commerce Corporation (the "Corporation") in implementing and administering the
								innovation network matching grant program created under R.I. Gen. Laws Chapter
								42-64.28, the Innovation Initiative Act (the "Act").
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.2 - Authority

Current through June 14, 2024
These Rules are promulgated pursuant to R.I. Gen. Laws
								Chapter 42-64.28. These Rules have been prepared in accordance with the
								requirements of the Rhode Island Administrative Procedures Act, R.I. Gen. Laws
								Chapter 42-35.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.3 - Scope

Current through June 14, 2024
A. These Rules shall apply to any application
							received by the Corporation for a grant under the Act. Notwithstanding anything
							contained in these Rules to the contrary, the Corporation shall have and may
							exercise all general powers set forth in the Act that are necessary or
							convenient to effect its purposes and these Rules shall be liberally construed
							so as to permit the Corporation to effectuate the purposes of the Act and other
							applicable state laws and regulations. The Corporation, upon an affirmative
							vote of its board of directors, may provide exemption from the application of
							such portion of these Rules as may be warranted by extenuating circumstances
							arising from such application, based upon the written recommendation of the
							staff of the Corporation delineating the reasons for such exemption. An
							Applicant seeking an exemption under this provision must demonstrate
							extenuating circumstances by showing either:
1. that the application of a component of
							these Rules is inconsistent with a requirement of federal, state, or local law;
							or
2. that the application of a
							component of these Rules is not feasible or appropriate for the given project
							type.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.4 - Severability

Current through June 14, 2024
If any provision of these Rules, or the application thereof
								to any person or circumstance, is held invalid by a court of competent
								jurisdiction, the validity of the remainder of the Rules shall not be affected
								thereby.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.5 - Definitions

Current through June 14, 2024
A. The following words and terms, when used
							in these Rules, shall have the following meanings, unless the context clearly
							indicates otherwise.
1. "Act" means R.I. Gen.
							Laws Chapter 42-64.28, known as the Innovation Initiative act.
2. "Applicant" means an entity that applies
							for a Grant under the Act and these Rules.
3. "Application" means the application,
							promulgated by the Corporation, which must be completed and submitted by an
							Applicant pursuant to the requirements of the Act and these Rules.
4. "Corporation" means the Rhode Island
							Commerce Corporation established pursuant to R.I. Gen. Laws Chapter
							42-64.
5. "Employee" means a
							natural person who is employed in the State by a business for consideration for
							at least thirty-five (35) hours a week, or who is employed in the State by a
							professional employer organization pursuant to an employee leasing agreement
							between the business and the professional employer organization for at least
							thirty-five (35) hours a week, and whose wages are subject to
							withholding.
6. "Grant" means a
							monetary award to an Applicant from the Corporation granted under the Act and
							these Rules.
7. "Grant agreement"
							means a contract between the Applicant and the Corporation under which a Grant
							is awarded.
8. "Match" means a
							funding match, or in kind services provided by an Applicant or other third
							party.
9. "Project" means an
							initiative designed to assist Small Businesses through the provision of
							technical assistance, space on flexible terms, and/or access to capital, for
							which the Applicant seeks a Grant under the Act and these Rules.
10. "Small business" means a business that is
							resident in the State, has a business facility within the state, and has five
							hundred (500) or fewer Employees.
11. "State" means the State of Rhode Island
							and Providence Plantations.
12.
							"Targeted industry" means any advanced, promising or otherwise prioritized
							industry identified in the economic development vision and policy promulgated
							pursuant R.I. Gen. Laws §
											42-64.17-1 or, until such time as any such economic development vision and policy is
							promulgated, as identified by the Corporation from time to time and published
							on the Corporation's website.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.6 - Eligibility

Current through June 14, 2024
A. The following conditions must be met for a
							Project to be eligible for a Grant under the Act:
1. the Applicant must offer technical
							assistance, space on flexible terms, and/or access to capital to Small
							Businesses located in the State;
2.
							the Applicant's Project must be designed to assist Small Businesses in Targeted
							Industries, life sciences, health care, food and agriculture, clean technology,
							energy efficiency, cyber security, or any other industries designated from
							time-to-time by the Corporation;
3.
							the minimum Grant amount shall be $50,000; and
4. the Applicant must provide a
							Match.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.7 - Application

Current through June 14, 2024
A. The Applicant shall file an Application in
							the form prescribed by the Corporation and available on the Corporation's
							website. The Application shall require, at a minimum, that the Applicant
							provide the following information:
1. the name
							of the Applicant and contact information for the individual(s) primarily
							responsible for oversight and management of the Application;
2. the Applicant's federal and State tax
							identification numbers;
3. the
							requested Grant amount;
4. a
							statement of work for the Applicant's Project, including a detailed description
							of the following:
a. services to be provided
							to Rhode Island Small Businesses;
b. businesses to be served by growth stage
							and industry;
c. anticipated
							outcomes; and
d. the outreach and
							marketing approach to reach the intended audience;
5. a projected budget and budget narrative
							for the Project;
6. biographies of
							key staff members;
7. descriptions
							of any external organizations that the Applicant intends to partner with on the
							Project, including a description of the governance of any such
							organizations;
8. a description of
							the amount of the Match being contributed to the Project; for a Match of
							in-kind services, the Applicant shall include a valuation of the services to be
							provided together with a detailed explanation of the valuation method, and
							evidence appropriate to substantiate such valuation;
9. a description of the Applicant's previous
							outcomes and effectiveness in endeavors similar to the Project, which may
							include third-party evaluation, information tracked by the Applicant,
							testimonials, and other such information;
10. a description of how the Applicant will
							monitor the effectiveness and impact of the Project;
11. a delineation of any other federal, State
							or municipal incentives, grants, tax credits, or other aid that will or may be
							received or requested by the Applicant in relation to the Project;
12. and such other information as the
							Corporation deems appropriate.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.8 - Application Review and Approval

Current through June 14, 2024
A. Each Applicant
							shall be reviewed to confirm compliance with the Act and these Rules, and the
							Corporation may reject any incomplete or deficient Application.
B. The Corporation may require the submission
							of additional information in connection with any Application or the revision of
							an Application, and may permit the resubmission of an Application rejected as
							being incomplete or deficient.
C.
							After submission of a complete Application and review by the Corporation in
							accordance with the requirements of the Act and these Rules, the Corporation
							will determine whether to award a Grant to the Applicant. In selecting
							Applicants to receive Grants, the Corporation will prioritize those Applicants
							with larger commitments of matching funds or in-kind services contributed to
							the Project. In determining whether to approve a Grant, factors the Corporation
							may consider, include, but are not limited to, the following:
1. quality of the services to be provided by
							the Project;
2. quality and
							feasibility of the Project design;
3. whether the Project fills a gap in the
							Rhode Island innovation ecosystem by, for example, reaching underserved or high
							impact sectors or offering services that are difficult to obtain;
4. the Applicant's demonstrated history of
							success in providing services of the type contemplated by the
							Project;
5. qualifications and
							experience of the personnel implementing the Project;
6. capacity for sustaining and/or growing the
							Project after exhaustion of the Grant and Match;
7. the strength of the Applicant's
							methodology for evaluating impacts of the Project; and
8. the Project's potential for catalytic
							impact including the potential to increase the number of new full-time
							Employees in one or more industry sectors.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.9 - Grant Agreement

Current through June 14, 2024
A. Upon approval of
							a Grant for an Applicant, the Corporation and the Applicant will enter into a
							Grant Agreement before any Grant amount can be provided to the Applicant. The
							Corporation, in its sole discretion, may cancel an approval if mutually
							agreeable terms cannot be met within 30 days of notification of the
							approval.
B. In order to safeguard
							the expenditure of public funds and ensure that the disbursement of funds
							further the objectives of the Act, the Grant Agreement shall include, among
							others, the following terms;
1. the maximum
							Grant amount;
2. a description of
							the Project and a requirement that the Grant can only be used for work outlined
							in that description;
3. a provision
							that grant payments shall be made in installments upon the completion of
							specific milestones and the Corporation's receipt of evidence demonstrating
							that such milestones have been achieved and, if applicable, evidence of actual
							Project costs;
4. a requirement
							that the Project be completed within a specified timeframe;
5. an indemnification provision;
6. reporting and program evaluation
							requirements;
7. a provision
							prohibiting transfer of the Grant; and
8. any other provisions that the Corporation
							determines are appropriate.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.10 - Revocation

Current through June 14, 2024
A. In the event that any information provided
							by the Applicant in its Application is found to be willingly false, the
							Corporation shall deny the issuance of or revoke any Grant in whole or in part,
							which revocation shall be in addition to any other criminal or civil penalties
							that the Applicant and/or the relevant officials of the Applicant may be
							subject to under applicable law.
B.
							The Corporation shall deny the issuance of or revoke any Grant if an Applicant
							or its successor-in-interest is convicted of bribery, fraud, theft,
							embezzlement, misappropriation, and/or extortion involving the State, any state
							agency or political subdivision of the state.
C. The Corporation may provide for additional
							rights and remedies in any Grant Agreement, which will be in addition to the
							rights provided under this Rule.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.11 - Discretion and Judicial Review

Current through June 14, 2024
A. The Corporation
							shall not have any obligation to issue any Grant or make any other award or
							grant any benefits under the Act or these Rules, and may decline to issue a
							Grant to any Applicant, including those who have submitted a completed
							Application that meets the eligibility requirements of §
										3.6     of this Part.
B. A review of an Application shall not
							constitute a "contested case" under the Administrative Procedures Act, R.I.
							Gen. Laws §
										42-35-9,
							and no opportunity to object to an Application shall be afforded, nor shall
							judicial review be available from a decision rendered by the Corporation in
							connection with any Application.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.12 - Administration and Examination of Records

Current through June 14, 2024
The Corporation may examine any books, paper, records or
								memoranda bearing upon the approval of incentives awarded under the Act, and
								may require the attendance of any person executing any Application, report or
								other statement, or of any officer or employee of any taxpayer, or the
								attendance of any other person, and may examine such person under oath
								respecting any matter which the Corporation deems pertinent or material in
								determining eligibility for incentives claimed under the Act.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 3 - Rules and Regulations for the Innovation Network Matching Grant Program (870-RICR-20-00-3) › Section 870-RICR-20-00-3.13 - Inspection Rights

Current through June 14, 2024
The Corporation shall have the right at reasonable times to
								make an inspection and to enter upon any property that is the subject of an
								Application during the term of a Grant Agreement to verify compliance with the
								Act, the Rules and such other conditions imposed by the Corporation.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.1 - Purpose

Current through June 14, 2024
These rules and regulations (the "Rules") are promulgated
					 to set forth the principles, policies, and practices of the Rhode Island
					 Commerce Corporation (the "Corporation") in implementing and administering the
					 innovation voucher program created under R.I. Gen. Laws Chapter
					 42-64.28, the Innovation
					 Initiative act (the "Act").
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.2 - Authority

Current through June 14, 2024
These Rules are promulgated pursuant to R.I. Gen. Laws
					 Chapter 42-64.28. These Rules have been
					 prepared in accordance with the requirements of the Rhode Island Administrative
					 Procedures Act, R.I. Gen. Laws Chapter
					 42-35.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.3 - Scope

Current through June 14, 2024
A. These Rules shall apply to any application
				  received by the Corporation for an innovation voucher under the Act.
				  Notwithstanding anything contained in these Rules to the contrary, the
				  Corporation shall have and may exercise all general powers set forth in the Act
				  that are necessary or convenient to effect its purposes and these Rules shall
				  be liberally construed so as to permit the Corporation to effectuate the
				  purposes of the Act and other applicable state laws and regulations. The
				  Corporation, upon an affirmative vote of its board of directors, may provide
				  exemption from the application of such portion of these Rules as may be
				  warranted by extenuating circumstances arising from such application, based
				  upon the written recommendation of the staff of the Corporation delineating the
				  reasons for such exemption. An applicant seeking an exemption under this
				  provision must demonstrate extenuating circumstances by showing either
1. that the application of a component of
				  these Rules is inconsistent with a requirement of federal, state, or local law;
				  or
2. that the application of a
				  component of these Rules is not feasible or appropriate for the given project
				  type.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.4 - Severability

Current through June 14, 2024
If any provision of these Rules, or the application
					 thereof to any person or circumstance, is held invalid by a court of competent
					 jurisdiction, the validity of the remainder of the Rules shall not be affected
					 thereby.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.6 - Voucher Uses and Amounts

Current through June 14, 2024
A. An Applicant can
				  receive a Voucher of $5,000 to $75,000 to pay or defray the costs of any of the
				  following services or activities:
1. access to
				  research or scientific expertise, including preparatory work for research and
				  development;
2. technological
				  development or technology exploration;
3. product, service, or market development or
				  commercialization, including prototyping, testing, or validation trials for new
				  or enhanced products or services; or
4. improved business practices that implement
				  strategies to grow business and create operational efficiencies; or
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.7 - Eligibility

Current through June 14, 2024
A. The following conditions must be met for
				  an Applicant to be eligible for a Voucher under the Act:
1. the Applicant must be a Small
				  Business;
2. the Applicant must be
				  registered to do business in the State;
3. the Applicant must obtain a signed letter
				  from a Knowledge Provider demonstrating that the Knowledge Provider is capable
				  and willing to provide the services that will be supported by the Voucher
				  unless the Applicant is seeking a Voucher for internal research and development
				  as a Small Business Manufacturer; and
4. the personnel at the Knowledge Provider
				  who are to provide services to an Applicant must be independent from the
				  Applicant and there must be no existing commitments between the Applicant and
				  such personnel, other than commitments facilitated by a Voucher granted under
				  the Act.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.8 - Application

Current through June 14, 2024
A. The Applicant shall file an Application in
				  the form prescribed by the Corporation and available on the Corporation's
				  website. The Application shall require, at a minimum, that the Applicant
				  provide the following information:
1. the name
				  of the Applicant and contact information for the individual(s) primarily
				  responsible for oversight and management of the Application;
2. the Applicant's federal and State tax
				  identification numbers;
3. the
				  Applicant's total number of Employees;
4. the requested Voucher amount;
5. a description of the technology areas in
				  which the Applicant generally operates and the Applicant's or its employees'
				  experience in the development and commercialization of innovative new products
				  or services;
6. a description of
				  the Innovation Project, including background on the industry and market, the
				  opportunity to be explored, the approach that will be undertaken,
				  identification of the Knowledge Provider, estimated costs, timeline, and
				  deliverables;
7. a clear
				  explanation of how the Innovation Project will address existing challenges,
				  enhance the innovation capacity of the Applicant, and/or have a catalytic
				  impact on the Applicant's business;
8. a signed letter from a Knowledge Provider
				  demonstrating that the Knowledge Provider is capable and willing to provide the
				  services that will be supported by the Voucher unless the Applicant is seeking
				  a Voucher for internal research and development as a Small Business
				  Manufacturer;
9. a disclosure of
				  any known conflicts of interest between the Applicant and the Knowledge
				  Provider and a documentation of a plan for managing such conflicts unless the
				  Applicant is seeking a Voucher for internal research and development as a Small
				  Business Manufacturer;
10. a
				  delineation of any other federal, State, or municipal incentives, grants, tax
				  credits, or other aid that will or may be received or requested by the
				  Applicant in relation to the Innovation Project;
11. and such other information as the
				  Corporation deems appropriate.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.9 - Application Review and Approval

Current through June 14, 2024
A. Each Application
				  shall be reviewed to confirm compliance with the Act and these Rules, and the
				  Corporation may reject any incomplete or deficient Application.
B. The Corporation may require the submission
				  of additional information in connection with any Application or the revision of
				  an Application, and may permit the resubmission of an Application rejected as
				  being incomplete or deficient.
C.
				  After submission of a complete Application and review by the Corporation in
				  accordance with the requirements of the Act and these Rules, the Corporation
				  will determine whether to award a Voucher to the Applicant. In determining
				  whether to approve a Voucher, priority will be given to Innovation Projects
				  with the greatest commercial potential. Other factors considered may include:
1. quality of the organization and design of
				  the Innovation Project;
2.
				  qualifications and experience of the team conducting the Innovation
				  Project;
3. the Innovation
				  Project's ability to further the development or commercialization of new or
				  enhanced innovative products or services;
4. capacity for implementing and sustaining
				  the results and findings of the Innovation Project;
5. potential for the Innovation Project to
				  result in the creation of new full-time jobs;
6. level of the Applicant's own cash or
				  in-kind investment in the Innovation Project, and the potential for additional
				  investment;
7. the catalytic impact
				  successful completion of the Innovation Project will have for the Applicant;
				  and
8. potential for further
				  collaboration between the Applicant and Knowledge Provider after the completion
				  of the Innovation Project unless the Applicant is seeking a Voucher for
				  internal research and development as a Small Business Manufacturer.
Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 20 - Loans and Grants › Subchapter 00 - N/A › Part 4 - Rules and Regulations for the Innovation Voucher Program › Section 870-RICR-20-00-4.10 - Voucher Agreement

Current through June 14, 2024
A. Upon approval of
				  a Voucher for an Applicant, the Corporation and the Applicant will enter into a
				  Voucher Agreement. The Corporation in its sole discretion may cancel an
				  approval if mutually agreeable terms cannot be met within 30 days of
				  notification of the approval.
B. In
				  order to safeguard the expenditure of public funds and ensure that the
				  disbursement of funds further the objectives of the Act, the Voucher Agreement
				  shall include, among others, the following terms:
1. the maximum Voucher amount;
2. a description of the Innovation Project
				  and a requirement that the Voucher can only be redeemed for work outlined in
				  that description;
3. a requirement
				  that the Voucher can only be redeemed upon completion of the Innovation Project
				  milestones and the receipt of the Corporation of adequate proof of project
				  expenses;
4. a requirement that the
				  Voucher be redeemed within 12 months of the date of the execution of the
				  Voucher Agreement, subject to any no cost extension granted by the Corporation
				  for good cause shown;
5. an
				  indemnification provision;
6.
				  reporting and program evaluation requirements;
7. a provision prohibiting transfer of the
				  Voucher; and
8. any other
				  provisions that the Corporation determines are appropriate.