Economic Development
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Cuts in defense, Medicare could mean fewer jobs for R.I.
Rhode Island could lose up to $82 million and more than 3,000 jobs due to sequestration in defense and Medicare spending, respectively, according to reports released by the Center for Security Policy and the Hospital Association of Rhode Island. more
Treading water on R.I. wind farms
Deepwater Wind LLC has signed a new lease agreement with the Quonset Development Corporation for a turbine-manufacturing facility and office space in the Quonset Business Park in North Kingstown. The move positions the company to develop a proposed 150-turbine wind farm off the Rhode Island coast, but only after a much-smaller demonstration project the company hopes can be built in the next two years. more
Boutique shops build momentum
When Nora Alexander was a student at Rhode Island School of Design 10 years ago, the only things that routinely drew her and her classmates into downtown Providence were live music and “dive” bars. more

By Patrick Anderson
PBN Staff Writer | 10/15/12

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
Public comment solicited for wind power plans
Secretary of the Interior Ken Salazar announced the completion of a critical environmental assessment today, advancing plans for offshore wind development in the Ocean State. more
URI looking to expand Providence presence
The University of Rhode Island plans to increase its presence in the state’s capital city, according to President David M. Dooley, as part of a strategy to better prepare its students for success as well as help Rhode Island’s economy grow out of the hole it is in. more
| 11/28/12
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
Mann resigns as Pawtucket Foundation executive director
(Updated, 5:35 p.m.) Thomas A. Mann Jr. has resigned as executive director of the Pawtucket Foundation, effective Oct. 12, the organization announced Tuesday. more
| 10/2/12 | 2 comments
Report: R.I. must match skills to jobs
In order to turn around the economy, Rhode Island must reduce the overall cost of doing business, change public perception about the unfriendliness of its business climate and face the mismatch of talent with job needs, according to a report from the New England Economic Partnership. more
Construction jobs on the rise in Providence metro
Construction employment rose in 130 out of 337 metro areas, including the Providence-Fall River-Warwick area, dropped in 164 out of 337 metro areas, including New Bedford metro area, and stayed stagnant in 43 metro areas from August 2011 and August 2012. more
| 10/5/12
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