A business-backed advocacy group says Rhode Island needs to make fundamental changes to strengthen its economy. The Rhode Island Public Expenditure Council is urging support for legislation this week to reshape the state’s approach.
The Rhode Island Public Expenditure Council, RIPEC, said lower than expected state revenue is a sign of continued weakness in Rhode Island’s economy. In contrast to Massachusetts, the Ocean State has yet to regain the peak number of jobs that existed before the recession.
RIPEC said Rhode Island is projected to trail regional and national economic growth through 2017. The group says that without changes, the state will remain dependent on external forces to give it a boost.
RIPEC is urging support for a series of bills to enhance Rhode Island’s economic competitiveness and to improve its business climate. It says these initiatives could systematically change how business is done and how government responds to commerce in the state.