The Conant Thread district is positioned to take advantage of a number of incentives and funding resources.

Checking the Boxes

City Offers

  • Tax Stabilization for all projects that create employment opportunities
  • Pawtucket Redevelopment Authority Loan Program
  • Brownfield Cleanup Grants
  • Pawtucket Business Development Corporation (PBDC) Loan Program
  • For more information, visit: Pawtucketri.com

New Market Tax Credits

  • Qualified Census Tract
  • High impact on low income neighborhood by providing job and training opportunities
  • TOD location
  • Broad support by city and state government, evidence of funding commitments
  • Mixed use project: provides social services (community health), living wage jobs, affordable housing (but 20-30% gross income from commercial rent)
  • For more information, visit: www.cdfifund.gov

Low Income Housing Tax Credits

  • Qualified Census Track & Difficult to Develop Area
  • Cost burdened – renters 48%; owners 41%
  • Addresses vacancy and blight
  • Leveraged with RIDOT and RIDEM committed funds
  • Flexible special zoning for district, administrative approvals 
  • For more information, visit: rihousing.com

RI Department of Environmental Management

  • District-wide Phase I underway
  • Brownfields grants
  • Stormwater mitigation management
  • For more information, visit: http://www.dem.ri.gov/#

Rebuild RI

  • Targeted industries-design, food, transportation, arts, tourism, advanced manufacturing
  • Affordable and Workforce housing with ground level commercial
  • Catalytic impacts – neighborhood revitalization, elimination of blight, reuse vacant/underutilized buildings,
  • National Registered historic structures adaptive reuse
  • TOD location
  • For more information, visit: https://commerceri.com/tax-credits-and-financing/

RI Department of Transportation