economic development

EDC names head of financial services

THE R.I. Economic Development Corporation has named Earl Queenan Jr. head of the agency’s financial services.
Posted 10/18/11

PROVIDENCE – The R.I. Economic Development Corporation has named Earl Queenan Jr. head of the agency’s financial services.

Queenan, now managing director of financial services, served as its interim director of finance since May. He has 35 years of experience at the EDC, serving in senior management roles including deputy director of finance and administration, administrator of financial programs, and comptroller.

In a news release, Queenan said he delayed his retirement to accept the position.

Queenan will direct the agency’s business financing programs, and serve as the chief liaison with capital providers to local businesses, legislative fiscal staff, and federal and state agencies providing financing services.

He previously served as the treasurer of the Rhode Island Industrial Facilities Corporation, manager of the Rhode Island Industrial – Recreational Building Authority, and administers the state’s Small Business Loan Fund.

“Earl’s extensive expertise in developing and executing business financing plans and strategies will be invaluable as the EDC implements new financial programs over the coming months aimed at helping small businesses, entrepreneurs, urban enterprises and early-stage, high-growth technology companies grow in our state,” said Executive Director Keith W. Stokes.

“Earl’s passion for helping Rhode Island businesses succeed, his proven management skills and strong experience in economic development will be critical to helping the EDC expand Rhode Island’s key industries and create quality jobs for our work force.”

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