opinion

Which of the following areas deserve the most economic development attention?

Posted 7/18/11

One of gubernatorial candidate Lincoln D. Chafee’s refrains was the need for the state to leverage its assets, chief among them Providence’s Knowledge District, the T.F. Green Airport district (which includes the recently completed Interlink intermodal transportation hub) and Quonset Business Park.

He also has said that the state’s development efforts should not avoid the city and town main streets.

Now that he is governor, he has said much the same thing. But, in a world of limited resources (and few resources are more limited than the state’s, with its multibillion dollar unfunded retirement benefit liabilities), which of the four assets should be first in line for any help the state can give?

4 comments on this story | Add your comment
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ddurfee@baycomp.com

He has to get the feds to enforce state sales tax collection if he wants to help "main street".

With a sales tax at 7%, we are encouraging online sales.

That wouldn't be a problem if we had online warehouses in RI but we have virtually none. that is because of our other tax struture. So, it wouldn't hurt RI to requrie the sales tax colleciton, it would only help.

Knowledge district is screwed because it has been politicized.

Monday, July 18, 2011 | Report this
Mister_Smithers

Watch for the Knowledge District to be gobbled up by Brown U, Hospitals and others who will do quasi-public medical ventures and get very favorable tax rates. Unlikely that a lot of emerging tech companies will rush into that District. They are happy to locate in cheaper, old loft spaces, and they prefer to be near 128 where there's a lot more super-geek tech talent and incentives from the state. Quonset Business Park is state's most unique asset right now, it was incredibly costly to upgrade it, and is probably now grossly under-funded in terms of marketing it to potential tenants. RI should focus on the existing investment in Quonset before it throws lots more millions at other new ideas.

Monday, July 18, 2011 | Report this
Harry Bilodeau

providence's waterfront and marine industries

Tuesday, July 19, 2011 | Report this
Mister_Smithers

Focus on building more RI prisons to house our elected officials?

Wednesday, July 20, 2011 | Report this
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