150 Washington Street - Providence, RI 02903
For more information
(508) 676-8247 Ext: 111
Classrooms, Studios, and Office Space
Total Space Available: 45,000 SF (15,000 sq/ft per floor)
Building Class: B
Year Built: 1940
Immediate Office Building
Lease Type: NNN
Property Description:
75,000 sq/ft 4 stories masonry building, 2 freight elevators, 2 passenger, parking
available for up to 200 cars, recently rehabed and in great condition. Located
in the heart of Downtown Providence, Downtown Central Business District.
2 blocks from city hall, Trinity Rep, Providence Convention Center, Dunkin Donuts
Center.
Close to schools, theaters, Convention Center, hotels. etc
Enterprise Zone Program
The Enterprise Zone Program is designed to offer tax incentives to businesses that expand their workforce at facilities located in a state designated enterprise zone. Providence currently has two (2) state enterprise zones: Port of Providence and Providence II. Any business located in a state enterprise zone that grows its employment base by five percent (5%) with full-time Rhode Island residents may be eligible for the Rhode Island Enterprise Zone Business Tax Credit.
The tax credit is equal to fifty percent (50%) of the annual wages paid to new employees to a maximum of $2,500 per employee. If new employees reside in an enterprise zone, then the tax credit is equal to seventy-five percent (75%) of the annual wages paid to those new employees to a maximum credit of $5,000 per employee. Earned but unused enterprise zone tax credits may be carried-forward for a period of up to three (3) years. Each year after admission to the program, a company located within an enterprise zone may be eligible for the annual tax credits based on full-time employment levels increasing by five percent (5%) over that of the previous year.
For more information regarding the Enterprise Zone Program and for the link to the program application, please visit the Rhode Island Economic Development Corporation’s website at http://www.riedc.com/riedc/business_services/67/