EDC

It's not every week that begins with 38 Studios and ends with a yoga pants dispute in Barrington. But that's why Rhode Island is the gift that keeps giving. So thanks for stopping by for my weekly column. As usual, your tips are welcome and you can follow me through the week on the twitters. Here we go.

Kristin Gourlay / RIPR

  

The gloomy cloud of the 38 Studios debacle still hangs over Rhode Island. RIPR political analyst  Scott MacKay parses the latest General Assembly probe of the failed video game company.

Ian Donnis / RIPR

During a closed session on June 9, 2010, the board of Rhode Island's Economic Development Corporation received a briefing on what then-Governor Don Carcieri suggested was a "fairly significant transaction" that had presented itself to the EDC.

The public has a chance to weigh in Friday on a slate of proposed transportation projects that will be paid for out of a new fund

The new fund helps cities and towns access low-interest loans for road construction projects. It’s modeled after the state’s Clean Water Finance Authority, which over the past 15 years has loaned out $1 billion for municipal sewage treatment projects. In fact, the Clean Water Finance Authority will administer this new transportation fund.

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 small business loan program and why slow and steady wins the race.

When to Listen

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

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

Wiki Commons

Belcourt of Newport has pulled its application for a state renewable energy grant. Alex and Ani owner Carolyn Rafaelian bought Belcourt and is currently renovating the Newport mansion.

The Rhode Island Economic Development Corporation was supposed to take up this month an $18,500 grant for a solar array and geo-thermal heating and cooling system for Belcourt. But the EDC said Belcourt has pulled the grant request.

The EDC put off a vote on awarding the grant at its last meeting after two board members recused themselves due to a conflict of interest.

Wikimedia Commons

The founder of Alex and Ani is seeking a grant from the Rhode Island Economic Development Corporation. The grant is to help make Belcourt Castle in Newport more eco-friendly.

Alex and Ani founder Carolyn Rafaelian bought Belcourt Castle, renamed it Belcourt of Newport, and is now refurbishing the place. Rafaelian is seeking a grant of $18,500 for a solar array and a geothermal heating and cooling system.  The grant would come from the EDC’s Renewable Energy Fund.

A little more than a year ago, the Rhode Island Foundation gathered more than 300 people from across the community to brainstorm ways to boost the state’s sagging economy.

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 sit down with RI Public Expenditure Council Executive Director John Simmons.

The state’s lawsuit over failed video game company 38 Studios will move forward. Superior Court Judge Michael Silverstein dismissed some of the counts, but allowed key parts of the state’s lawsuit to move ahead.

file / RIPR

Rhode Island’s lawsuit over failed video game company 38 Studios will move forward. Superior Court judge Michael Silverstein dismissed some of the counts, but allows key parts of the state’s lawsuit to move ahead.

(Read the judge's 98-page decision here.)

When video game maker 38 Studios went belly up after receiving a $75 million state loan guaranty, it left taxpayers in the lurch for roughly $100 million.

Bonus Q+A: Gordon Fox

Jul 19, 2013

Seldom does a politician have a chance to not only change history but the trajectory of his own life. That was the case this year with Rhode Island Speaker of the House Gordon Fox, who spearheaded the same sex marriage bill that passed the General Assembly after years of defeat. Fox, an openly gay politician, discussed how the law will affect his own life in an interview with Rhode Island Public Radio’s Flo Jonic and Scott MacKay.

John Bender / RIPR

Same sex marriage. Tolling the Sakonnet River Bridge. The 38 Studios taxpayer bailout. Those are some of the topics we touch on this morning. Our regular host, Ian Donnis, is out, Rhode Island Public Radio’s Flo Jonic is filling it.

The Bottom Line: Legislative Recap

Jul 12, 2013

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 mull over the recent legislative session. They discuss attempts to restructure the state’s Economic Development Corporation, historic tax credits and the new health insurance commissioner.

When to Listen

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

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