Economic Development
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Report: Providence metro ranks 43rd in U.S. for patent innovation
The average number of patents issued yearly in the Providence metropolitan area is 535, earning the metro area the No. 43 spot on the Brookings Institute’s report analyzing patenting and innovation trends in the nation’s 358 largest metropolitan areas. more
| 2/8/13
Foundation announces strategy department
The Rhode Island Foundation, the state’s largest funder of nonprofit organizations, announced Tuesday that it has created a new department of strategy and public affairs. more
DOL gives R.I. Self-Employment Assistance $159K
The U.S. Department of Labor last week awarded $159,734 to the state of Rhode Island to further its Self-Employment Assistance program. more
Report: R.I. economy demands ‘unique approach to economic development’
There’s more to the Rhode Island economy than what is reflected in recent national rankings, according to a report released Wednesday by Fourth Economy Consulting. more
| 2/20/13
Business spending outlook improves as profits grow
The outlook for U.S. business spending is improving as rising earnings, easier credit and pent-up demand prompt companies from Warren Buffett’s Berkshire Hathaway Inc. to Chrysler Group LLC and Lowe’s Cos. to expand. more
Bloomberg News | 3/11/13
DEM closes Rocky Point purchase from SBA
Thursday morning, the R.I. Department of Environmental Management completed the purchase of the remaining 82 acres of land at Rocky Point Park from the U.S. Small Business Administration. more
| 3/28/13
RWU center working on community revitalization
BRISTOL – The Community Partnerships Center at Roger Williams University began the spring 2013 semester with 14 projects under way, as part of the university’s partnership with the R.I. Economic Development Corporation announced last October. more
3/11/13
Butcher Block creating collaborative energy
Before he started his own business and moved into Butcher Block Mill in Providence, Joe Novak, founder of Novac Garden Design & Construction, endured a double dose of Rhode Island career tumult. more

By Patrick Anderson
PBN Staff Writer | 3/11/13

RIF funds 12 in Make It Happen initiative
The Rhode Island Foundation has awarded $630,000 to 12 action-oriented projects in the Make It Happen RI initiative. The foundation identified projects that had visionary goals, from connecting manufacturers to expand the in-state supply chain to pushing the spectrum of Ocean State architects and other designers more broadly into the global marketplace. more
Report: R.I. flunks out of economic prosperity, twice
Rhode Island has seen little to no improvement in economic opportunity indexes from 2011, the R.I. Center for Freedom and Prosperity announced Thursday following the release of its 2012 Report Card On RI Competitiveness. more
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