business

The Bottom Line: Creating A Culture Of Innovation

Apr 29, 2016

  Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week Mark and Dave chat with Richard Culatta, Rhode Island’s first chief innovation officer, appointed in January.

They talk  fostering innovation in government, collaboration with businesses and the public, how to change old thinking about new ideas, and overcoming the “we’ve always done it this way” attitude.

When to listen:

You can hear The Bottom Line each Friday at 5:50 p.m.

John Bender / RIPR

A recent AP investigation found major grocery store chains across the country fail to provide food for areas that need it most. In Rhode Island some fifty-thousand people don’t have easy access to healthy foods, and most of them are in Providence county.

A small group of locals have been trying to open a grocery store on their own, but it’s taken a decade to get the project off the ground.

Amory Ross / Team Alvimedica

The Volvo Ocean race is coming back to Newport in 2018. The international sailing event drew more than 100,000 people to the city by the sea this summer.

According to state officials, the final tally was nearly 130,000 spectators, who came for the races at Fort Adams State Park.

Newport was the only North American stop on the grueling international sailing race, which spans some 40-thousand nautical miles and takes nine months to complete.

Ambar Espinoza / RIPR

The head of the Environmental Protection Agency made a stop in Rhode Island on Tuesday to discuss federal initiatives on climate change. The meetings included Providence Mayor Jorge Elorza and about 20 business leaders.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Mark and Dave speak with Kelly Ramirez, the CEO of the Social Enterprise Greenhouse, a local business-incubator, for socially minded businesses. The group just won a national competition for their work with start-ups. Since its inception five years ago, the group has worked with 65 business. SE Greenhouse recently partnered with Brown University.

 

When to listen:

Day Donaldson / flickr

The Chair of the Federal Reserve, Janet Yellen, is in Rhode Island today.  

She’s set to speak before some 750 people at the Providence Chamber of Commerce’s annual Economic Outlook Luncheon.

Yellen is the first woman in U.S. history to hold the top position at the Fed. Yellen has spent time in Rhode Island before; she graduated from Brown University with an economics degree in 1967.

Governor Gina Raimondo, Senator Jack Reed and University of Rhode Island President David Dooley are also set to speak at the lunch.

Providence-based GTECH has officially changed its name to International Game Technology, after a merger with a British company of that name. Officials from IGT rang the bell at the New York Stock Exchange on Tuesday, where the combined companies began trading for the first time. IGT Vice President Bob Vincent said Providence will continue to house the company’s lottery headquarters and provide corporate support.

Business leaders are expressing concerns about Governor Gina Raimondo’s proposal to increase the minimum wage to $10.10 an hour, effective in 2016.

Laurie White, president of the Greater Providence Chamber of Commerce said she doesn't oppose the wage hike, but points out it could cause unintended consequences, especially for small businesses.

“Which would be potentially the shrinkage of hours for workers and also the potential that fewer jobs would be created,” said White.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Dave and Mark get an update on the Block Island Wind Farm project with Deepwater Wind CEO Jeff Grybowski.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@ripr.org  

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

  

This week, Dave and Mark talk with Anne Nolan, president of Crossroads Rhode Island.  They discuss the cost of homelessness to the state.  They also examine some of the difficulties faced by the working poor and homeless, as well as those faced by those non-profits that serve them.   

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week, Dave and Mark talk with Cheryl Merchant, President and CEO of Hope Global in Cumberland. They discus Governor-elect Gina Raimondo’s economic summit this week: the ideas and expectations from the business community.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

Hope & Main

Rhode Island’s very first food business incubator opens officially Thursday in Warren.  The program, called Hope and Main, helps local culinary companies get on their feet.

Companies accepted into the non-profit program get use of three full sized industrial kitchens, for rent at below market rates.  They're located at the program’s headquarters; an old school building in Warren. The idea is to make it easier for culinary business by keeping down the high initial investment of equipping a commercial kitchen. Currently businesses are staying for their first two to three years.

Catherine Welch / RIPR

Governor Lincoln Chafee has announced that $2.1 million dollars of state and federal funding will support youth summer work experiences in a variety of industries this summer. Starting in July, more than 20 community-based organizations will provide work experience and work-readiness training to residents between 14 and 24 years old. 

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.

This week Dave and Mark talk with Rhode Island Economic Development Corporation Executive Director Marcel Valois. They discuss the EDC’s long-term and short-term plans to spark economic growth, and the agency’s future after January 1st when legislative changes reshape the agency.

When to Listen

More than 400 thinkers and entrepreneurs plan to gather in Providence later this week for the Business Innovation Factory’s ninth summit.

The head of the factory, Saul Kaplan, said new collaborations and projects come out of the summit every year. About two-thirds of the attendees come from outside of Rhode Island.

“The people that are there and the people that are in the room have an incredibly positive view of Rhode Island. They believe Rhode Island is a place where innovation can happen, so it changes the conversation," said Kaplan.

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