Aid to Small Business and Impacted Industries

The project is investing in the biosciences industry in conjunction with the creation of the Rhode Island Life Science Hub, which includes the development of one or more wet lab incubator spaces; the creation of a fund to support wrap-around services to aid in the commercialization of technology and business development; the growth of the biosciences talent pipeline, and support for staff to implementing the project.

The Executive Office of Commerce is managing the following Small Business Supports:

  • $12.5 million in Small Business Direct Grants to help offset lost revenue
  • $10.5 million in Small Business Technical Assistance for long-term business capacity building
  • $6.9 million for Small Business Public Health Capital Improvements
  • $0.6 million for Small Business Energy Efficiency enhancements

The Department of Labor and Training is providing targeted workforce development, jobs training, and supportive services to individuals who are unemployed or are underemployed. By focusing efforts on communities that bore the worst effects of the pandemic, Enhanced Real Jobs seeks to address immediate and long-standing inequitable impacts.

Hospitality, Tourism, and Events Direct Grants Final Report

Hospitality, Tourism, and Events Marketing Final Report

The Executive Office of Commerce is managing the following Hospitality, Tourism, and Events Supports:

  • $8 million in Hospitality, Tourism, and Events Direct Grants to help offset lost revenue
  • $3 million in Hospitality, Tourism, and Events Placemaking activities to support outdoor and public space capital improvements and event programming
  • $2 million for Hospitality, Tourism, and Events Marketing initiatives in coordination with the regional tourism councils and the Rhode Island Airport Corporation

Aid to the Convention Center Final Report

The pandemic forced the cancellation of events at the venues operated by the Rhode Island Convention Center Authority, which financed projects to accelerate revenues and improve operations.

Organizations are assisting minority-owned businesses by increasing their access to capital and technical assistance.

The Rhode Island Commerce Corporation, in cooperation with the Rhode Island Airport Corporation, and partner airlines, is targeting key gateway cities with a campaign focused on driving leisure travel to Rhode Island.

The General Assembly provided administrative support to carry out the Small Business and Hospitality, Tourism, and Events Supports. 

Minority Business Accelerator: Rhode Island Black Business Association Final Report

The Rhode Island Black Business Association is building out a co-working space and increasing the capacity of its minority business program.

The Roger Williams University School of Law is working with the Rhode Island Commerce Corporation to grow minority business enterprises.