Most Active Stories
- W&I Researchers Find Single Family Rooms Better For NICU Babies
- TGIF: 17 Things to Know About Rhode Island Politics & Media
- Seth Magaziner Staffing Up With Jeff Padwa & Andrew Roos
- Almost 15 Years After Cornel Young Jr.'s Death, How Much Has Changed in Rhode Island?
- 'Warning Shot': Sen. Warren On Fighting Banks, And Her Political Future
Tue May 21, 2013
Valois Faces Approval of Full State Senate
Governor Lincoln Chafee’s choice to lead the state Economic Development Corporation faces approval by the full state Senate committee Tuesday. The votes comes amid debate over the EDC’s future.
Chafee’s choice, Marcel Valois, was unanimously approved by a Senate committee last week. Valois led the EDC in the 1990s during Lincoln Almond’s tenure as governor. He says Rhode Island needs to do a better job of helping business when it can and getting out of the way when it can’t.
Valois is currently the vice president of an economic foundation. He was previously chief operating officer of the Penske Automotive Group.
The EDC has been marked for years by turnover in its leadership. The agency lost its last leader after failed video game maker 38 Studios defaulted on a guaranteed loan … leaving Rhode Island taxpayers on the hook for about 100 million dollars.