Future Of the EDC In the Hands Of the General Assembly

Jul 2, 2013

The General Assembly is slated to consider bills later Tuesday to revamp Rhode Island’s approach to economic development.  The action comes on the last day of the legislative session.

The state Economic Development Corporation has been marked for years by turnover in its top leadership. Governor Lincoln Chafee wants to give the EDC a chance to show its stuff with a new board and a new director, Marcel Valois. But the General Assembly could make some significant changes to the agency.

House and Senate committees are slated to review a series of bills related to the EDC. The possible changes include renaming it and making it part of an Executive Office of Commerce with broader responsibility.

The House has a more aggressive approach than the Senate to changing the EDC. House spokesman Larry Berman said the two chambers hope to reach a compromise in time for the legislation to get final votes on the floor.

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