Economic Development
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R.I., EDC sue Schilling, Stokes and 12 others on 38 Studios
(Updated, 5:00 p.m.) The state and R.I. Economic Development Corporation sued 38 Studios LLC founder Curt Schilling and 13 other institutions or individuals connected with the failed $75 million loan guarantee to the video company for allegedly misleading state officials about the deal’s risks. more
Leadership RI 2013 class to focus on Quonset Point
The 2013 Leadership Rhode Island class will focus its action projects on Quonset Point, Mike Ritz, executive LRI director, announced the plan at the group’s Un-Masquerade Party on Friday, Oct. 26. more
| 10/31/12
Davisville dredging project kicks off
Gov. Lincoln D. Chafee and House Speaker Gordon D. Fox joined the R.I. Economic Development Corporation and the Quonset Development Corporation to kick off a dredging project at the Port of Davisville on Thursday. more
| 10/26/12
EDC, RWU team up for urban revitalization program
The R.I. Economic Development Corporation and Roger Williams University are teaming up for an urban revitalization program focused on small business support through student curriculum-based projects, Gov. Lincoln D. Chafee announced Thursday. more
Fitch says U.S. rating still unlikely to change until 2013
Fitch Ratings said its negative outlook on the U.S.’s AAA credit ranking is still unlikely to change before late 2013 as it waits to assess any deficit- reduction plans following this year’s elections. more
R.I. in bottom 5 on ULI’s Emerging Trends report
Of the 51 markets covered in the Urban Land Institute’s 2013 Emerging Trends in Real Estate report, Providence ranked 46. more
| 10/22/12
Leadership RI sponsors 6-month Central Falls program
To help create a sustainable model of community development, Leadership Rhode Island is sponsoring a six-month leadership development program called Leadership Central Falls, which will launch on Thursday, Oct. 25, the same day the city’s bankruptcy officially ends. more
| 10/22/12
I-195 Commission worries over budget
The commission managing the former Interstate-195 lands considered the $900,000 in this year’s state budget the minimum needed each year to redevelop and maintain the downtown properties. But I-195 Commission Chairman Colin Kane said Monday that state budget officials have told him they expect that money to last three years. more
Lardaro: Economic indicators ‘show some real strength’ in August
Economic conditions in August could signal a re-acceleration of Rhode Island’s economic recovery, with most measured factors showing improvement according to University of Rhode Island economist Leonard Lardaro’s August Current Conditions Index. more
Chafee plans review of economic-development proposals
Gov. Lincoln D. Chafee on Thursday met with top government, business, labor and nonprofit leaders about changing Rhode Island’s public-sector economic-development efforts, but offered no timeline or certainty to when any changes might take place. more
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