ECONOMIC DEVELOPMENT

EDC approves urban revitalization plan

PBN FILE PHOTO/FRANK MULLIN
THE EDC's board of directors - headed by Gov. Lincoln D. Chafee - voted to adopt a plan focused on “revitalizing” sections of five urban communities.
Posted 4/25/12

PROVIDENCE – The R.I. Economic Development Corporation’s board of directors - headed by Gov. Lincoln D. Chafee - voted to adopt a plan focused on “revitalizing” sections of five urban communities: Providence, Pawtucket, Central Falls, Woonsocket and West Warwick, the EDC announced Tuesday.

The EDC’s Urban Revitalization subcommittee has named these affected communities “Main Street Corridor Districts.”

“As a former mayor of Rhode Island’s second largest city, I understand the many challenges municipalities and local small businesses face. Our urban areas have great potential to be engines of economic expansion and job creation for the entire state,” Chafee said in prepared remarks.

“I am pleased that today we are taking steps toward providing coordination at the state, municipal and neighborhood level to support locally-initiated redevelopment opportunities and help urban small businesses succeed,” he added.

The plan follows the EDC’s March approval to provide better access to capital for businesses and streamline state and local regulatory processes.

“The multi-pronged effort is part of a comprehensive strategy to improve Rhode Island’s business climate and accelerate job growth,” said a release.

Under the plan, the EDC would create a fund to provide small loans as well as foster partnerships with colleges, banks and branches of government to provide small businesses with financial and technical assistance.

“By working with state agencies, local officials, neighborhood leaders and other stakeholders, we’ll be able to pool our energies and resources to provide an economic shot in the arm to Main Street Corridor Districts that can become models for urban revitalization throughout the state,” said EDC board member Jerauld Adams.

“Our goal is to empower small businesses and community groups to make their communities exciting centers of entrepreneurial activity, cultural vibrancy and smart urban planning,” added Adams.

Calendar
PBN Hosted
Events

Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement