U.S. Sen. Jack Reed’s third annual “Rhode Island Business Day” brought 100 business leaders to the nation’s capital. Many comments they heard from Washington, D.C. insiders related directly to the small business community or Rhode Island: “It is very likely that legislation regarding permanent trade with China will pass this week,” said Reed. “It will shape our relationship with China over the next several decades.”
“In this New Economy, three-fourths of the new jobs being created require post-secondary education,” said U.S. Sen. Susan Collins, R-Maine.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
“The banking system today is probably the healthiest that it has ever been,” said John D. Hawke, Jr., Comptroller of the Currency.
“Twelve percent of our expenditures is paying interest on the debt,” said U.S. Lincoln Chafee, R-Rhode Island. “That staggered me.”
“Rhode Island is the place we look to for much of the intellectual sustenance of the Navy,” said Secretary of the Navy Richard Danzig. “It’s where much of the thinking of the Navy gets done.”
“In the last seven years, all Rhode Island commercial banks have been extremely profitable,” said FDIC Chairman Donna Tanoue. “Banks and thrifts in your state continue to outperform the industry.”
“It is important for us not to be complacent during this good economic time,” said U.S. Rep. Robert Weygand, D-Rhode Island.
“It is the working families that have not had a wage increase in many years,” said Karen A. Tramontano, a North Providence native now deputy assistant to the President and Counsel to the Office of Chief of Staff, referring to President Clinton’s support of an increase in the minimum wage.
“The cost of prescription drugs should not be throwing the low and middle class into poverty,” said Tramontano.
“Since 1993 the deficit has gone down every yearas a result people have expanded their businesses,” said Joshua Gotbaum, executive associate director at the Office of Management and Budget.
