Economic Development
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Providence area GDP drops from ’06 to ’11
The real gross domestic product for the Providence metro area averaged $58.5 billion – in 2005 dollars – during the first quarter of 2011 compared with $61.8 billion five years earlier, according to a report from e-forecasting.com. more
| 7/3/12
Public comment solicited for wind power plans
Secretary of the Interior Ken Salazar announced the completion of a critical environmental assessment today, advancing plans for offshore wind development in the Ocean State. more
U.S. economy grew 1.9% in 1Q on consumer spending
The U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. more
Adams tapped as vice chair of EDC board
Gov. Lincoln D. Chafee has nominated Jerauld C. Adams, owner of the Central Falls-based Hemphill Mill, as vice chair to the R.I. Economic Development Corporation board. more
| 6/27/12
Providence Chamber meeting focuses on solutions for small business
Poor unemployment figures and stumbling markets have made it difficult to stay in business in Rhode Island’s private sector, which is why the Greater Providence Chamber of Commerce hosted a brainstorming session with developers, marketing experts, entrepreneurs and academia members. more
EDC hires firm to investigate parties in 38 Studios deal
The R.I. Economic Development Corporation has hired Providence law firm Wistow & Barylick to pursue legal action against “third parties” connected with the 38 Studios LLC loan guarantee, Gov. Lincoln D. Chafee announced Tuesday. more
EDC approves bonds for I-195 land, dredging project
The R.I. Economic Development Corporation Monday night approved issuing bonds to buy the former Interstate 195 land in Providence and dredge the channel leading to the Port of Davisville in North Kingstown. more
EDC hires Maine researcher to gauge America’s Cup impact
The Rhode Island Economic Development Corporation has hired Maine-based research and planning firm Planning Decisions, Inc. to conduct an economic impact study of the America’s Cup World Series Event taking place this week in Newport. more
Workforce Board announces $1M in training grants
Gov. Lincoln D. Chafee and Governor’s Workforce Board Chair Constance Howes have awarded more than $1 million in matching training grants to Rhode Island employers. more
| 6/22/12
Report: Minimum wage bump will cost 200 jobs
By raising the state minimum wage from $7.40 to $7.75, the General Assembly will make it even more difficult for teenagers to find jobs, according to a new report from the Rhode Island Center for Freedom and Prosperity. more
| 6/18/12 | 2 comments
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