R.I. needs to translate good vibe into action

The 11th Providence Business News Business Survey reveals once again that while many executives feel quite good about their own business, they are less sanguine about the rest of the state. And of course, that is a problem. More

To continue reading this article, please do one of the following.



PBN Editorial

R.I. needs to translate good vibe into action

Posted 9/16/13

The 11th Providence Business News Business Survey reveals once again that while many executives feel quite good about their own business, they are less sanguine about the rest of the state. And of course, that is a problem.

Respondents to the semi-annual survey of companies in the PBN Top List database set record highs – well more than 50 percent – when asked this summer about net income compared with their last quarter, about their company’s business activity compared with last quarter and about the level of their company’s current orders compared with the last quarter.

For the second survey in a row, nearly 70 percent of respondents said that they expect Rhode Island’s business climate to be better in the next year, resulting in nearly 50 percent saying they plan to hire more workers in the near future, also a record high.

But in the “where the rubber meets the road” category, only about one-quarter of respondents said that they plan to make capital expenditures anytime soon. And here is part of the problem.

Of course, no business can afford to make plans and commit dollars based on wishful thinking. But if no one takes the first step and makes the investment, the state ends up poorer as a result. And that self-perpetuating engine of a healthy economy will never get the chance to raise itself up out of the sickbed to which it has been confined for half a decade. •

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Advertisement
Purchase Data
Book of Lists
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
  •  
    National
    Local
    Latest News
    Advertisement