CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
63 of 100
BACK NEXT
63: Lincoln, R.I.
Population: 22,314
Pro: Close to Providence and Boston, state park within town borders
Con: Lacks cultural amenities such as museums and destination dining

Lincoln's small size carries benefits for new businesses: entrepreneurs can easily meet with the town administrator and planners, and local business owners say that even senior officials like Rhode Island's governor are fairly accessible. Lincoln residents revel in the natural beauty of their town, and those who desire urban amenities are a short drive from Providence and Boston.

Start-ups accounted for 7.3% of businesses in Lincoln last year, and it's no wonder they're setting up shop. This quiet, rural town, with a 630-acre lush woodland park in its midst, offers strong economic incentives, including an "enterprise zone" in which businesses can receive a $15,000 state tax credit for each new employee.

Tech companies seeking lofty environs have been drawn to Lincoln's mills, a relic of its manufacturing-heavy past. Another perk for creative entrepreneurs: Rhode Island's new Innovation Tax Credit offers a credit of up to $100,000 for new ventures in qualifying fields. Lincoln-based Lighthouse Computer Services used that credit last year to fund the creation of a new subsidiary, Lighthouse Security Group, focusing on systems and data security. -Lisa Palmer

Interactive map: Lincoln, R.I.
Homes for sale Find homes for sale in Lincoln, R.I.


NEXT: 64. Fairfield, Conn.

Last updated July 02 2008: 11:16 AM ET
More Galleries
Better digs, less money These 6 businesses took advantage of crashed real estate prices to trade up for new stores and office space. More
The no-cash economy Beer, lingerie, ad space and high-end electronics were some of the offerings business owners put up for swap at this week's Barter Business Unlimited holiday trade show. More
Black diamonds A North Carolina entrepreneur wants America to fall in love with truffles. More

Special Offer
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.