The Rhode Island Industrial Facilities Corporation (RIIFC) was created by the Rhode Island
General Assembly in 1967. The Corporation is empowered to issue bonds for private sector entities to expand their facilities. They can also act as a local development corporation.
The Rhode Island Industrial Facilities Corporation issues tax-exempt and taxable revenue bonds
without guarantee or insurance for the applicant. Approved use of funds for both tax-exempt and
taxable bonds include the purchase of land, building, machinery and equipment as well as the
related “soft” costs of the project.
