State Senate Unveils Plan to Boost Economy

Mar 13, 2013

Rhode Island State House
Credit Kristin Gourlay / RIPR

The leadership of the state Senate Tuesday unveiled a legislative package of 25 bills meant to improve Rhode Island’s economy.

Some of the proposals would create a long-term strategic vision for the state, reshape the state Economic Development Corporation, and restore tax credits for the overhaul of historic properties.

Senate President Teresa Paiva Weed says the common theme is adding jobs and improving Rhode Island’s ranking in national business surveys. “What my goal is, is to improve Rhode Islanders’ confidence in the economy, as well as the outside perception of Rhode Island.”

The Senate’s “Move the Dial” initiative was sparked in part by a series of national studies giving poor marks to Rhode Island’s business climate.

Paiva Weed says she expects the bills to have a tangible impact if they become law this year.

She adds the 25 bills in the package reflect the chamber’s focus on the economy.

Paiva Weed says the burden is on state officials to show they can help move Rhode Island past high unemployment. "We are well aware that the end of this session what we will be judged upon is what steps we have taken to improve the economy, to improve our workforce and to move Rhode Island forward.”

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