Economy
9:33 am
Wed July 18, 2012

Governor Chafee: EDC is still functioning

PROVIDENCE, RI – Governor Lincoln Chafee denies that the state Economic Development Corporation is suffering from a lack of leadership.

A new director for the EDC isn't expected until after a review of the agency is completed. The EDC's chief financial officer is leaving her job, and the corporation has a number of vacancies on its board.

Chafee says he inherited many of the EDC's problems. "Well, we're going through a transition, but there's no vacuum of leadership. We have a quorum. We can still do business."

A veteran of the EDC, Bill Parsons, is leading the agency as an acting director for now.

Meanwhile, the state Senate has not yet slated a time to vote on Chafee's nominations to fill vacancies on the EDC board.

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