Economic Development
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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
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
38 Studios fallout needs to be countered
Compiling the list of those hurt by the implosion of 38 Studios LLC is easy. more
6/25/12
Workforce Board announces $1M in training grants
Gov. Lincoln D. Chafee and Governor’s Workforce Board Chair Constance Howes have awarded more than $1 million in matching training grants to Rhode Island employers. more
| 6/22/12
EDC holds supplemental meeting after scheduling error
Updated, 11:30 a.m.) After a scheduling error with the electronic posting system that shows the date of all meetings open to the public, the R.I. Economic Development Corporation will hold a supplemental meeting of its board of directors. more
| 9/26/12
U.S. economy grew 1.9% in 1Q on consumer spending
The U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. more
EDC approves bonds for I-195 land, dredging project
The R.I. Economic Development Corporation Monday night approved issuing bonds to buy the former Interstate 195 land in Providence and dredge the channel leading to the Port of Davisville in North Kingstown. more
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