Economic Development
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Film credits now target local projects
As the most active movie producer in Rhode Island and recipient of $946,000 in state film tax credits over the last two years, Chad Verdi stood to potentially lose out when lawmakers began working on an overhaul of the program in reaction to 38 Studios’ demise this spring. more
City development needs permitting upgrades
From the moment he arrived as Providence’s economic-development director, James Bennett said that he wanted the Capital City to be the fastest-permitting municipality in the country. more
6/18/12
Generating economic statistics is an important public task
In various parts of the world, politicians are waging war on the economic statistics that help people assess the performance of their leaders. Over the past few years, the Argentine government has reported inflation rates more than 12 percentage points below private-sector estimates, and has filed criminal charges against statisticians attempting to publish their own data. more
6/18/12
Regional tourism efforts yield the most bang for R.I. bucks
A recent editorial in the Providence Business News (“Tourism fiefdoms are relics to relinquish,” May 14, 2012) called for the consolidation of Rhode Island’s tourism efforts into one statewide agency. While the editorial’s hypothesis claims consolidation would save Rhode Island money, such a strategy would in fact cost the state potential tax revenue. more
6/18/12
State can make it safer, easier for firms to take risks
Saul Kaplan isn’t about to get “Netflixed.” That’s the term he uses to describe a business’ inability to anticipate change and, worse, failure to reinvent itself for future success, referencing what happened to the Blockbuster franchise when Netflix came along with a new business model for the same product. more
38 Studios leaves big space to fill
When Blue Cross & Blue Shield of Rhode Island left One Empire Plaza in Providence for its new Capital Center headquarters in 2009, it only took a year for the building’s owner to find a new tenant, Curt Schilling’s 38 Studios LLC. more
Recapturing slice of sailing glory?
When Rick McAuliffe, a Providence-based lobbyist and supporter of the local sailing community, was 14, his father, Rick, took him and his brother, Jamie, down to Newport Harbor to catch a glimpse of what everyone was talking about. more
Treading water on R.I. wind farms
Deepwater Wind LLC has signed a new lease agreement with the Quonset Development Corporation for a turbine-manufacturing facility and office space in the Quonset Business Park in North Kingstown. The move positions the company to develop a proposed 150-turbine wind farm off the Rhode Island coast, but only after a much-smaller demonstration project the company hopes can be built in the next two years. more
DLT awarded $1.7 from Labor Department
The U.S. Labor Department awarded the R.I. Department of Labor and Training a $1.7 million grant from the Workforce Innovation Fund, Secretary of Labor Hilda L. Solis announced Thursday. more
| 6/15/12
U.S. stocks retreat as optimism over spain’s aid request fades
U.S. stock futures advanced, following the biggest weekly rally for the Standard & Poor’s 500 Index this year, as investors speculated that the bailout of Spain’s banks will help ease the euro area’s debt crisis. more
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