Rhode Island Economic Development Corporation http://ripr.org en RI Judge Allows Bulk of 38 Studios Lawsuit to Move Ahead http://ripr.org/post/ri-judge-allows-bulk-38-studios-lawsuit-move-ahead <p>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.</p><p><a href="http://mediad.publicbroadcasting.net/p/wrni/files/130828EDC_v__Wells_Fargo_et_al__Mot__to_Dismiss.pdf">(Read the judge's 98-page decision here.)</a></p><p>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.</p> Wed, 28 Aug 2013 18:20:27 +0000 Catherine Welch 20779 at http://ripr.org RI Judge Allows Bulk of 38 Studios Lawsuit to Move Ahead Made In Rhode Island: Jewelry Making, An Industry On The Move http://ripr.org/post/made-rhode-island-jewelry-making-industry-move <div style="margin:14pt 0;"><p>There's a commonly held misconception in Rhode Island that the jewelry industry is washed up, kaput, a victim of the ravaged manufacturing sector. But according to the Rhode Island Economic Development Corporation, we have the highest concentration of jobs in the jewelry industry in the United States. This morning as we continue our 'Made in Rhode Island' series, Rhode Island Public Radio's Flo Jonic delves into the jewelry industry through the eyes of three of its players:</p><p></p><p></p><p></p> Tue, 13 Aug 2013 12:20:36 +0000 Flo Jonic 19975 at http://ripr.org Made In Rhode Island: Jewelry Making, An Industry On The Move The Bottom Line: RI's Economic Development Plans Still Uncertain http://ripr.org/post/bottom-line-ris-economic-development-plans-still-uncertain <p>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.</p> Fri, 07 Jun 2013 22:00:00 +0000 Dave Fallon & Mark Murphy 16550 at http://ripr.org The Bottom Line: RI's Economic Development Plans Still Uncertain Political Roundtable: Walsh on Gist, 38 Studios, Economic Development + more http://ripr.org/post/political-roundtable-walsh-gist-38-studios-economic-development-more <p></p><p>Robert A. Walsh Jr., executive director of the National Education Association Rhode Island, joins the Roundtable this week to discuss state Education Commissioner Deborah Gist; conflicting views on economic development; the debate over defaulting on bonds for 38 Studios; and Council 94's hiring of a prominent critic of state Treasurer Gina Raimondo.</p><p></p> Fri, 07 Jun 2013 08:00:00 +0000 Ian Donnis 16465 at http://ripr.org Political Roundtable: Walsh on Gist, 38 Studios, Economic Development + more Marcel Valois Nominated as Executive Director of RI EDC http://ripr.org/post/marcel-valois-nominated-executive-director-ri-edc <p>Marcel Valois has been nominated for Executive Director of the Rhode Island Economic Develop Corporation, which has been under a cloud since the 38 Studios bankruptcy.</p><p>It is the same position Valois held in the 1990’s under then Governor Lincoln Almond.</p><p>Valois most recently served as the Vice President of the Foundation of Rhode Island, a private non-profit organization.</p><p>The announcement came today from Governor Lincoln Chafee after his initial choice for the position, William Parsons, withdrew for medical reasons.</p> Mon, 08 Apr 2013 19:15:53 +0000 John Bender 13228 at http://ripr.org Woonsocket Council Prez Ward Concerned About Possible Tax Hit for CVS http://ripr.org/post/woonsocket-council-prez-ward-concerned-about-possible-tax-hit-cvs <p>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.</p><p>"Based on their reaction, I'm a little concerned," Ward said, referring to how CVS lobbyist Robert Goldberg said the company <a href="http://news.providencejournal.com/business/2013/03/cvs-warns-ri-lawmakers-about-consequences-of-reducing-tax-break.html">may reconsider its ties to Rhode Island</a> if it loses part of a job development tax credit worth about $15 million a year.</p> Thu, 07 Mar 2013 19:56:20 +0000 Ian Donnis 11545 at http://ripr.org Political Roundtable: Saul Kaplan says RI Should Decide its Economic Focus http://ripr.org/post/political-roundtable-saul-kaplan-says-ri-should-decide-its-economic-focus <p></p><p>Saul Kaplan, founder and head of the Business Innovation Factory, and a former director of the state Economic Development Corporation, joins the panel to discuss struggles at the EDC, the outlook for gun-related legislation, municipal finance woes in Woonsocket and more.</p><p></p> Fri, 01 Mar 2013 09:00:00 +0000 Ian Donnis 11145 at http://ripr.org Political Roundtable: Saul Kaplan says RI Should Decide its Economic Focus RIEDC overestimated America's Cup haul http://ripr.org/post/riedc-overestimated-americas-cup-haul <p>The Rhode Island Economic Development Corporation estimated this summer’s America’s Cup sailing event would pump more than $70 million into the state’s economy. But the actual haul was much less.</p> Fri, 01 Feb 2013 16:00:06 +0000 Kristin Gourlay 9605 at http://ripr.org RIEDC overestimated America's Cup haul Chafee remains undecided on approach for reshaping EDC leadership http://ripr.org/post/chafee-remains-undecided-approach-reshaping-edc-leadership <p>Governor Lincoln Chafee remains open to the idea of&nbsp;putting one person in charge of the state’s economic development efforts, although the precise approach for doing that hasn’t been decided, his&nbsp;office says.</p><p>Almost two months have passed since the Rhode Island Public Expenditure Council <a href="http://wrnipoliticsblog.wordpress.com/2012/09/25/12-things-about-ripecs-recommendations-on-remaking-economic-development-in-ri/">issued its recommendations </a>for reshaping the state’s&nbsp;strategy to improving the economy.</p> Wed, 21 Nov 2012 17:00:00 +0000 Ian Donnis 8487 at http://ripr.org Chafee announces step toward “integrated approach” on economic development http://ripr.org/post/chafee-announces-step-toward-integrated-approach-economic-development <p>Governor Lincoln Chafee, perhaps responding to<a href="http://wrnipoliticsblog.wordpress.com/2012/10/16/chafee-reinforces-his-support-for-a-long-term-approach-to-economic-development/"> the clamor </a>about the need for more short-term steps on boosting hte economy, has issued this news release:</p> Fri, 09 Nov 2012 06:00:00 +0000 Ian Donnis 8517 at http://ripr.org