Economic Development
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Tech showcase among top ‘Make It Happen’ ideas
By 10 a.m. on Sept. 7, the outline of a new showcase to feature Rhode Island’s technology entrepreneurs for investors had emerged in the business-environment forum at “Let’s Make It Happen RI” and talks were turning to sponsors. more

By Patrick Anderson
PBN Staff Writer | 9/17/12

RIPEC: Bring EDC under state control
The R.I. Economic Development Corporation, plagued by inefficiency and lack of direction, should be brought under direct control of the governor’s office and a new state commerce agency, the Rhode Island Public Expenditure Council recommended in a report on the quasi-state agency released Tuesday. more
U.S. stocks advance amid better-than-forecast economic reports
U.S. stocks advanced, snapping a three-day decline for the Standard & Poor’s 500 Index, after better-than-estimated consumer confidence and housing data. more
R.I. personal income rises 1% in 2Q
Personal income in Rhode Island rose 1 percent from $47 billion during the first quarter of 2012 to $47.5 billion during the second quarter, according to a new report from the U.S. Bureau of Economic Analysis. more
| 9/25/12
EDC mistake provides R.I. with opportunity to learn for future
To the editor: Your Morning Call e-newsletter (“Legal fees mounting in 38 Studios case,” Sept. 18, 2012), prompts several observations. I hope there is enough money for potential recovery to justify the large legal fees involved. Before the state spends any more of our money on this, I think they have an obligation to tell the public how much we might be able to recover. more
10/1/12
R.I. leaders must take RIPEC plan to heart
More than four months after being charged by Gov. Lincoln D. Chafee with examining the R.I. Economic Development Corporation in the aftermath of the 38 Studios LLC implosion, the Rhode Island Public Expenditure Council has come back with a 140-page report that makes clear change is needed. The report looks at the EDC today, at best practices across the country, and recommends what the state should do to improve the business-development environment in Rhode Island. more
10/1/12
Rhode Island exports plunged 14.3% in July
Exports from Rhode Island plunged 14.3 percent in July after rallying 13.2 percent in June, according to an international trade statistics report from e-forecasting.com. more
| 9/27/12
MassBenchmarks: Mass. economy shifts into ‘lower gear’
After outstripping national growth in recent years, the Massachusetts economy has “dropped into a lower gear,” according to the Leading Economic Index released Thursday by the MassBenchmarks editorial board. more
IlluminOss lands $28M in Series C financing round
East Providence-based medical device firm IlluminOss Medical Inc. - founded by Robert A. Rabiner in 2007 - has raised $28 million in a Series C financing round that included the Slater Technology Fund. more
Jobs outlook seen weak as U.S. companies see need for cost cuts
Weakening demand is forcing new and accelerated cost reductions at companies from Bank of America Corp. and Hewlett-Packard Co. to Staples Inc. and Eastman Kodak Co., dimming the outlook for an already struggling U.S. labor market. more
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