Economic Impact of NOS4A2 in Rhode Island slide image

Economic Impact of NOS4A2 in Rhode Island

Regional Economic Impacts of NOS4A2 Expenditures in Rhode Island The production of NOS4A2 is estimated to receive $17 million in tax credits (30% of qualified expenditures). • $17 million in tax credit generated $93 million in economic activity in the State across a wide range of industries. Each $1.00 of tax credit issued by the State of Rhode Island related to the production of NOS4A2 generated approximately $5.44 of economic activity in the state. The production created demand for approximately 1,532 full-time equivalent jobs in Rhode Island between 2018 and 2020. Sources: AMC data and IEC analysis. INDUSTRIAL ECONOMICS, INCORPORATED 11
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