With critics calling for radical change to the R.I. Economic Development Corporation in the wake of the 38 Studios disaster, Gov. Lincoln D. Chafee turned to Marcel A. Valois, a trusted name who had run the quasi-state agency 16 years earlier. And within weeks, the choice seemed to have a calming effect on the organization, which had just been overhauled and seen the departure of a large portion of management. more
Toray Plastics (America) Inc., the North Kingstown-based manufacturer of polypropylene films, has pledged $2 million toward a $125 million capital project to overhaul the University of Rhode Island’s College of Engineering facilities.
Electric Boat’s plan to hire 650 employees this year at its expanding facility at Quonset Business Park in North Kingstown is a precursor to a massive ramp-up expected to more than double the current Quonset workforce of 2,800 over the next 15-20 years.
With less than two months until the General Assembly begins its 2014 session on Jan. 7, many members of the state’s business community are eager to douse legislators with recommendations in hopes of cranking up the often-sluggish pace of change required to make the state more business-friendly.
By Rhonda J. Miller PBN Staff Writer
The University of Rhode Island is one of the bidders proposing to host the Rhode Island Small Business Development Center when the contract for its current space at Johnson & Wales University expires on Dec. 31.
Not long after Rhode Island lawmakers approved a $1.25 million package of new programs to fight joblessness last summer, the state’s unemployment rate began its latest creep upward before settling at 9 percent in November, 2 percentage points higher than the national average and tied for the highest in the country.
Katharine Hazard Flynn has worked for the business community – specifically, the finance industry on Wall Street – and with the business community, through the Rhode Island Economic Development Corporation. Now, in her new role as executive director of the University of Rhode Island’s Business Engagement Center, she is working for the university as well as for and with business and industry, seeking to connect employers with opportunities that “engage” URI’s resources, faculty and student body for mutual benefit. more
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