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Tag: Economic Development

A $120 MILLION housing bond issue was approved by voters statewide in November 2024. Gov. Daniel J. McKee wants to put another $120 million bond issue for affordable housing on the ballot in November. / PBN FILE PHOTO/WILLIAM HAMILTON

In 2024, voters OK’d $120M housing bond; Gov. McKee is seeking...

Editor's Choice
Over the last two decades, Rhode Island voters have approved five bonds totaling $310 million aimed at making housing more affordable, but now Gov....
HASBRO INC. may have announced that the company is moving out of its Pawtucket headquarters and relocating to Boston, but state and local officials say Hasbro has not returned calls seeking more information about its plans and what will be left behind in Rhode Island. / COURTESY HASBRO INC.

In loss of Hasbro, questions remain


Economy
Hasbro Inc.’s relocation from Pawtucket to Boston is underway, with the transition set to be completed later in 2026, but the extent of economic...
ZILMET USA has left its location in the Quonset Business Park in North Kingstown and relocated to South Carolina, despite R.I. Commerce Corp. saying it and the Quonset Development Corp. made efforts to offer assistance to the manufacturer. / COURTESY QUONSET DEVELOPMENT CORP.

Zilmet departure highlights R.I. Commerce’s tricky balancing act

Economy
While Rhode Island may not have lost a massive chunk of its workforce with Zilmet USA’s move to South Carolina, observers say the shift...

McKee scores with return of Pryor

Editorial and Op-Ed
With a sputtering local economy and high voter disapproval, Gov. Daniel J. McKee needed some good news ahead of a looming reelection campaign. He got...
Ezenwayi Amaechi Ejiribe

Shifting the social determinants of business

Commentary
The story plays out every day. An industrious woman – an “entrepreneur by necessity”– starts a business because she has no other income potential....

Commerce needs thought leaders now

Editorial and Op-Ed
New leaders will be coming to the state’s primary economic-development arm – and the sooner the better. R.I. Commerce Corp. has lost two top leaders...
AT THE HELM: David Salvatore has been executive director of The Providence Foundation for less than a year, but the nonprofit business association has been focused on economic development and urban revitalization in downtown Providence for half a century. 
PBN PHOTO/­MICHAEL SALERNO

For 50 years, an advocate for downtown success

Economy
Unless there was a sporting event or the circus was in town, David Salvatore was probably not venturing into downtown Providence when he was...

Ted Carr has served as Providence’s economic development director since May 2024. He previously served as senior vice president for Energyzt Development Partners, a global advisory firm, and as executive director of the Mass. Office of International Trade and Investment. / PBN PHOTO/MICHAEL SALERNO

Engage with government

Government
Ted Carr | Providence economic development director As a former business owner now serving as director of economic development for Providence, I know firsthand how...

Providence Business News’ 2025 Economic Trends Summit slated for Jan. 30

Economic Activity
PROVIDENCE – Insights on economic development and projected trends for Rhode Island’s economy this year will be discussed during Providence Business News’ 2025 Economic...
MINDING 
THE GAP: State lawmakers return to work facing a looming budget deficit and a host of other challenges. Pictured is a legislative study commission on climate change at the Statehouse. 
PBN FILE PHOTO/­MICHAEL SALERNO

Returning lawmakers won’t have federal windfall to lean on

Editorial and Op-Ed
After three years of doling out hundreds of millions in COVID-relief funding, the next General Assembly session will be facing projected budget cuts of...
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