Rhode Island General Laws

R.I. Gen. Laws § 42-64-5 (2026)

Purposes

✓ current as of July 2026

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The Rhode Island commerce corporation is authorized, created, and established to be an agency under the jurisdiction of the state’s lead agency for economic development, the executive office of commerce, and to be the operating agency of the state to carry out the policies and procedure as established by the secretary, governor, and the board of directors for the following purposes:

(1) To promote and encourage the preservation, expansion, and sound development of new and existing industry, business, commerce, agriculture, tourism, and recreational facilities in the state, which will promote the economic development of the state and the general welfare of its citizens; and

(2) With respect to real property other than federal land or land related to federal land, to undertake any project, except a residential facility; and

(3) With respect to federal land or land related to federal land, to undertake any project, except as those responsibilities are assigned to the Quonset Development Corporation; and

(4) To create an organization that is responsive to the needs and interests of businesses of all sizes within the state of Rhode Island and to be structured to be customer centric to enhance commerce in the state utilizing all available resources.

Notes of Decisions

Cited in 3 cases, 1993–2006 · leading case: Rhode Island Econ. Dev. Corp. v. Parking Co. L.P., 892 A.2d 87 (R.I. 2006).

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Rhode Island Econ. Dev. Corp. v. Parking Co. L.P., 892 A.2d 87 (R.I. 2006). · cites it 2× “” Section 42-64-5(8). To aid in such objectives, the Legislature vested EDC with eminent domain authority to be exercised for any of the purposes for which EDC was created.”

Warwick Mall Trust v. State, 684 A.2d 252 (R.I. 1996). · cites it 2× “” Section 42-64-5(c), as amended by 1995, ch.”

In Re Advisory Opinion to the Governor, 627 A.2d 1246 (R.I. 1993). “The General Assembly vested RIPA with the power to manage airports in § 42-64-5, which states that one of RIPA’s purposes is to “undertake any port project” including but not limited to “airport facilities].”

— R.I. Gen. Laws § 42-64-5(8) — 1 case

Rhode Island Econ. Dev. Corp. v. Parking Co. L.P., 892 A.2d 87 (R.I. 2006). “” Section 42-64-5(8). To aid in such objectives, the Legislature vested EDC with eminent domain authority to be exercised for any of the purposes for which EDC was created.”

— R.I. Gen. Laws § 42-64-5(c) — 1 case

Warwick Mall Trust v. State, 684 A.2d 252 (R.I. 1996). “” Section 42-64-5(c), as amended by 1995, ch.”

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