Government
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Moral hazard, 38 Studios and wasteful public spending
A “moral hazard” is defined as a lack of incentive to guard against risk where one is protected from its consequences. more
Guest Column: Ken Block | 6/11/12
Chafee: State eager to aid small-business growth
At a business-community outreach forum on June 5, Gov. Lincoln D. Chafee made it clear that despite the dark cloud of 38 Studios LLC’s implosion hanging over Rhode Island, the state remains ever-ready to help small-business development. more
State budget sticks to status quo, takes few risks
For many Rhode Island business groups, the $8 billion state budget lawmakers have begun debating and are expected to pass this week was notable for what it did not include: more
Detour to Knowledge District?
The path from Jewelry District to Knowledge District took a detour this spring. First a Providence budget crisis and fears of bankruptcy prompted the Greater Providence Chamber of Commerce to pull out of a public-private partnership to market the Capital City as a knowledge and research hub. more
DLT lands $1M federal grant
The U.S. Department of Labor announced nearly $12 million in grants to states to improve the quality of workforce data, including a $1 million award to the R.I. Department of Labor and Training. more
| 6/8/12
Chafee replaces Vareika nomination on EDC board
Gov. Lincoln D. Chafee has nominated Peter Crowley – owner of Newport-based La Forge Casino Restaurant – for the R.I. Economic Development Corporation board of directors. more
| 6/8/12
R.I. sees 63% growth in high-income taxpayers
The number of high-income taxpayers in Rhode Island grew 63 percent from 1999 to 2009, according to a new report from The Tax Foundation. more
| 6/7/12
38 Studios declares bankruptcy as formal investigation begins
(Updated 6:00 p.m.) Former Red Sox pitcher Curt Schilling’s beleaguered video game company 38 Studios LLC has declared bankruptcy as a formal investigation of the company begins. more
| 6/7/12 | 1 comment
RIPEC: Mass. casinos are bad news for R.I. revenue
Casino gaming in the Bay State will likely negatively affect revenue for both Rhode Island’s casino operators and the state of Rhode Island itself, according to a new report from the R.I. Public Expenditure Council. more
| 6/7/12 | 2 comments
Chamber pulls out of EDC marketing deal
The Greater Providence Chamber of Commerce has pulled out of a planned partnership with the R.I. Economic Development Corporation to lure out-of-state, knowledge-based companies to … more
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