economic development

Chafee plans review of economic-development proposals

Posted 10/11/12

PROVIDENCE – Gov. Lincoln D. Chafee on Thursday met with top government, business, labor and nonprofit leaders about changing Rhode Island’s public-sector economic-development efforts, but offered no timeline or certainty to when any changes might take place.

“I am very open to it,” Chafee said about a plan to create a new commerce secretary in his office that would control the R.I. Economic Development Corporation and other state agencies connected to the business climate.

Creation of the commerce secretariat was a leading recommendation of the Rhode Island Public Expenditure Council in a report issued last month on the state’s economic-development structure, which Chafee commissioned after the collapse of 38 Studios LLC.

Asked what his timeline for making changes was, Chafee said “it’s methodical” and he hasn’t talked to any potential candidates for the secretary position yet.

Chafee seemed reluctant to embrace the most controversial aspect of the RIPEC plan, to move the Department of Environmental Management under the control of the new commerce secretary.

“I want to be very, very careful of any oversight of the business community over regulators,” Chafee said.

Those attending the meeting included RIPEC Executive Director John Simmons, AFL-CIO President George Nee, Rhode Island Foundation Executive Director Neil Steinberg and Department of Business Regulation Director Paul McGreevy, who Chafee made a special adviser to oversee changes to the EDC after the 38 Studios bankruptcy.

Chafee praised changes McGreevy has made underwriting procedures, administrative efficiency and transparency at EDC since 38 Studios and said the quasi public agency could continue with McGreevy at the helm indefinitely.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News