Rhode Island Code of Regulations › Title 870 - Rhode Island Commerce Corporation › Chapter 10 - General › Subchapter 00 - N/A › Part 1 - Rules and Regulations for the Expedited Permit Process (870-RICR-10-00-1) › Section 870-RICR-10-00-1.3 - Definitions

Current through June 14, 2024
A. For the purposes of these regulations, the
							following terms shall have the following meanings:
1. "Authorization for expedited permit
							review" or "Authorization" means an authorization issued by the Rhode Island
							Commerce Corporation (or "Corporation") as set forth in R.I. Gen. Laws §
											42-117-4.
2. "Board of directors of the Rhode Island
							Commerce Corporation" or "Board" means the board of directors of the
							Corporation established pursuant to R.I. Gen. Laws §
											42-117-4 et. seq.
3. "Governor" means the
							Governor of the State of Rhode Island and Providence Plantations (or
							"State").
4. "High wage full time
							employee" or "High wage employee" means any employee of a person or an employee
							of a contractor of such person as certified pursuant to these regulations who:
a. was not previously working full time in
							Rhode Island for the Project's applicant and will work a minimum of thirty (30)
							hours per week at the Project; and
b. will earn no less than One Hundred Five
							Percent (105%) of the average annual income in Rhode Island.
5. "Operational stage" means the
							point at which the project is implemented and the Project's effect is
							realized.
6. "Person" means any
							natural person, company, corporation, quasi-public corporation, partnership, or
							any business entity.
7. "Project of
							critical economic concern" or "Project" means an undertaking designated by the
							Board to be significant, in its Operational Stage, by its ability to enhance,
							promote and encourage business, commerce and manufacturing in Rhode Island and
							stimulate jobs and relieve underemployment and unemployment in Rhode Island
							pursuant to R.I. Gen. Laws §
											42-117-3 and to create new high wage job opportunities in Rhode Island or to create new
							or renovated office, research and manufacturing capacity in Rhode Island. In
							order to qualify as a Project, the applicant shall demonstrate to the
							Corporation's satisfaction that:
a. In
							addition to any construction jobs at the Project,
(1) at least One Hundred (100) new full times
							jobs shall be created by the Project; and
(2) the average annual income for all of the
							new full time jobs created by the Project shall be no less than One Hundred
							Five Percent (105%) of the State's average annual income; and
(3) no less than Fifty Percent (50%) of the
							new full time jobs created by the Project shall be comprised of High Wage
							Employees; or
b. the
							Project shall be comprised of the construction or rehabilitation of no less
							than Fifty Thousand (50,000) Square Feet of space that is used for office,
							research or manufacturing uses and such office, research, industrial or
							manufacturing uses shall comprise no less than Fifty Percent (50%) of the total
							Project; and
c. The municipality
							(ies) in which the Project is located have demonstrated support for the Project
							and have utilized their municipal powers to coordinate permitting of the
							Project to the maximum extent reasonably allowed by law.
8. "State agency" means any office,
							department, board, commission, bureau, division, authority, public corporation,
							agency or instrumentality of the State.