Woonsocket City Council President John Ward is concerned that jobs provided by CVS Caremark Corporation could vanish if the company loses a big chunk of a state tax credit.
"Based on their reaction, I'm a little concerned," Ward said, referring to how CVS lobbyist Robert Goldberg said the company may reconsider its ties to Rhode Island if it loses part of a job development tax credit worth about $15 million a year.
Saul Kaplan, head of the Business Innovation Factory, says Rhode Island has the necessary assets for a thriving economy. Part of the challenge, he says, is transforming the state's small size from an obstacle into a benefit.
State health workers are in demand. A job fair Thursday, sponsored by the state’s Department of Labor and Training and department of Behavioral Health, Developmental Disabilities, and Hospitals, advertised 50 open positions.
Gov. Lincoln Chafee joins Political Roundtable this week to talk about his budget, Rhode Island's economy, and regional competition for a better tax climate. Also joining me in the discussion are RIPR political analyst Scott MacKay and guest panelist David Klepper from the Associated Press.
A report released Tuesday morning by the state Senate and the business-backed Rhode Island Public Expenditure Council uses a color-coded system to assess the state's performance on different economic indicators and recommends a series of steps for improvingits underperforming economy.