5Q: Cassandra Thomas |
Director of economic development, city of Providence
1. What are the greatest economic challenges facing the city and the best ways to address them? Notably, our unemployment rate stands impressively low. This is indicative of a robust economy that continues to diversify. We are especially excited by what we’re seeing in life sciences. The city is committed to amplifying these positive developments through an expansion of our workforce development programs to address existing skill mismatches in our growing economy, with a specific focus on underserved communities that have historically been excluded from prior economic upswings.
2. Mayor Brett P. Smiley has made quality-of-life improvements and investments in public spaces/infrastructure a point of his administration and Capital Plan. In what ways can this spur economic development? We believe that integrating vibrant public spaces with amenities such as public art, improved infrastructure, tree cover and other beautification efforts are meaningful investments in expanding the business and tax revenue base and cultivates a positive regional and community image.
3. The city is facing challenges with housing affordability and the need to attract highly skilled workers. Can these issues be tackled together, or should one be prioritized over the other? Providence can address housing affordability and attract high-skilled workers simultaneously by embracing a holistic strategy that accommodates diverse income groups through sustainable, inclusive development.
4. Were the new agreements with nonprofit higher education institutions a good compromise or should large nonprofits be paying more? This landmark agreement propels Providence onto a more robust financial trajectory, positioning the city as a national exemplar of collaborative success between communities and their major anchor institutions. Together, we are establishing the groundwork to transform Providence into a world-class city.
5. How can Providence benefit from investments in the arts? Investing in the things that make Providence the “Creative Capital” is an important part of how our city grows while preserving the many things that make it special. … However, Providence’s arts are also what makes people fall in love with our city when they visit; it’s a massive attraction to come into the city for a weekend show or unique experience, and it’s a major benefit when considering a move to Providence.
