Municipal TIF (RIGL Chapter 45-33.2) allows cities and towns to use future property tax increases to pay for public and private development. It helps fund projects like housing, businesses, and public spaces.

Super TIF allows the PRA to tap into specific state tax revenues generated by designated zones (such as portions of the downtown growth districts and federal opportunity zones) to help finance large-scale urban regeneration.

Pawtucket’s Tax Stabilization Program encourages commercial and industrial investment by offering property tax incentives for eligible projects. Qualifying investments of at least $250,000 may receive a five-year property tax phase-in, while projects of $5 million or more may be eligible for a 10-year graduated tax stabilization agreement, subject to City approval and program requirements.

The Community Development Block Grant (CDBG) program provides annual grants to States, larger cities, and counties for a broad range of activities that preserve and develop viable urban communities. The program’s principal beneficiaries are low-moderate income households.

The Rhode Island Department of Environmental Management (RIDEM) oversees brownfield remediation through its Site Remediation Program. It transforms abandoned or underutilized industrial and commercial properties with known or suspected contamination into safe, productive community and economic assets

RI Commerce provides key state-level incentives including Innovation Vouchers up to $75,000 for R&D, Qualified Jobs Tax Credits up to $7,500 per job annually for up to 10 years, Main Street streetscape funds, and Site Readiness grants to boost local economic growth and business expansion.