Economic Development
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QDC, RIDOT land $6M to repair storm damage, fund upgrades
The Quonset Development Corporation and the R.I. Department of Transportation will receive $6 million in federal funding to make upgrades and repairs related to storm damage caused by 2011’s Hurricane Irene, Rhode Island lawmakers announced Monday more
| 12/10/12
Report: Slow economic growth predicted for R.I. through 2016
Even though Rhode Island’s economy has shown mixed signs of improvement in 2012, the state’s economic outlook has not changed significantly in recent months, according to a report from the New England Economic Partnership. more
U.S. retailers’ sales miss estimates as Sandy cuts holiday
U.S. retailers posted November same- store sales that trailed analysts’ estimates as superstorm Sandy depressed traffic early in the month, overwhelming gains from the start of holiday shopping. more
EDC is ‘not broken,’ says Chafee
Gov. Lincoln D. Chafee will keep the state’s formerly beleaguered economic development apparatus intact for the rest of the year and in his proposed budget for the next fiscal year, he said Thursday. more
Chafee chooses EDC official to head agency
Gov. Lincoln D. Chafee plans to nominate William J. Parsons, current managing director of community and business development, to be the next executive director of the R.I. Economic Development Corporation. more
| 11/29/12
Chafee announces $3M in projected sales, new leads after trade missions
Recent trade delegations to Canada, the Dominican Republic and Panama resulted in 45 serious business leads and $3 million in projected new sales, Gov. Lincoln D. Chafee announced Thursday. more
| 11/29/12
URI looking to expand Providence presence
The University of Rhode Island plans to increase its presence in the state’s capital city, according to President David M. Dooley, as part of a strategy to better prepare its students for success as well as help Rhode Island’s economy grow out of the hole it is in. more
| 11/28/12
Mass. approves Cape Wind, NSTAR PPA
The Massachusetts Department of Public Utilities has approved the 15-year power purchase agreement between Cape Wind and NSTAR, Cape Wind announced Monday. more
| 11/26/12
I-195 Commission approves plans for new park
The Interstate-195 Redevelopment District Commission has approved plans for a new waterfront park on the west side of the Providence River. more
Chamber meet focuses on innovation, collaboration
The 2012 meeting of the Greater Providence Chamber of Commerce, held Monday at the R.I. Convention Center, made news that could re-shape the region’s economy. more
| 11/20/12
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