economic development

Happy spring (although it may not feel like it for days, if not weeks), and thanks for stopping by for my weekly column. As usual, your tips and thoughts are welcome at idonnis (at) ripr (dot) org, and you can follow me on the twitters. Let's head in.

Ian Donnis / RIPR

Governor Gina Raimondo on Thursday touted her $8.6 billion budget for the fiscal year starting July 1 as a plan that will begin the rejuvenation of Rhode Island's economy.

At the same time, some parts of the spending plan rely on uncertainties, including $46 million in unspecified Medicaid savings and the wiping out of millions of dollars in un-budgeted pay hikes promised to state employees during the Chafee administration.


Rhode Island Governor Gina Raimondo says Rhode Island needs to build a base of skilled workers in order to attract high wage, manufacturing jobs to the state.  Raimondo spent the weekend in Washington D.C., at the National Governor’s Association winter meeting.  The governor said, as a member of the Association’s Economic Development and Commerce Committee, she got first-hand confirmation of the areas Rhode Island must focus on to attract manufacturing companies to the state.

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 sit down with RIPR Political Analyst Scott MacKay to talk about Governor Gina Raimondo's forecast for the state's economy, her pledge to bring new jobs to Rhode Island, and the challenge as she crafts her first state budget.

When to Listen

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

There are some glimmers of positive economic news as Rhode Island races toward the New Year. So thanks for stopping for my weekly column. Feel free to share your tips and thoughts at idonnis (at) ripr (dot) org and to follow me on the twitters. Here we go.

Ian Donnis / RIPR

State Representative Patricia Morgan (R-West Warwick) joins Political Roundtable to discuss Governor-elect Gina Raimondo's early moves on the economy; concern about rising energy prices; and the questions highlighted by fire district problems in Coventry.

Catherine Welch / RIPR

Five European companies are looking to set up shop in Rhode Island. Gov. Lincoln Chafee said the announcement is part of an economic tide rolling in to Rhode Island.

At an announcement at the Statehouse, the five companies said they have plans to put down stakes here. SCORE, an encryption technology firm, will locate a data processing center. REIOS designs efficient lighting systems and will build an assembly plant. Italian restaurant chain Galivm will open at least one location. And Furniture maker Monaghan Brothers out of Ireland said it will open a show room.

Ian Donnis / RIPR

About 80 business people and other community leaders gathered Tuesday to find ways to bolster the state economy.  Governor-elect Gina Raimondo used the event to introduce her point man on economic development.

via WNPR

Governor-elect Gina Raimondo has picked Connecticut Education Commissioner Stefan Pryor, a fellow Yale alum with experience leading economic-development efforts in New York and New Jersey, as her choice to be Rhode Island's first Commerce secretary.

"Stefan Pryor has the depth of experience and the drive to help me lead Rhode Island's comeback," Raimondo said in a statement. "Stefan's economic development successes in Newark and in Lower Manhattan are a testament to his ability to lead the Department of Commerce in Rhode Island."


Governor-elect Gina Raimondo is staging an economic policy summit with 80 so-called “thought leaders” Tuesday. The event is supposed to develop ideas for improving the state’s economy.

Raimondo’s transition office declined to release an advance list of the business people and other leaders invited to the event. They’ll take part in a three-hour discussion at URI’s Providence campus.  The governor-elect’s transition initially planned to close most of the meeting to the media. But the full session will now be open to reporters.