Commerce Corporation

Ian Donnis / RIPR

A growing custom-printing company plans to open a new sales office in Providence, adding 40 employees over the next year.

The company, Vistaprint, will be eligible for about $2.2 million in state tax incentives over the next decade, if it creates a minimum of 125 jobs over the next three years. Commerce Secretary Stefan Pryor said the incentives won’t be granted until the new jobs are created.

Ian Donnis / RIPR

The state Commerce Corporation announced Tuesday it has reached a $25.6 million settlement with two of the defendants in the state's lawsuit over 38 Studios, Wells Fargo Securities and Barclays Capital.

The board of the state Commerce Corporation this week approved incentives to help two companies expand in Rhode Island. State Commerce Secretary Stefan Pryor stopped by our studio yesterday to discuss a range of other issues involving economic development

Ian Donnis / RIPR

Behind the scenes negotiations on the I-195 District, and the inside word from state Commerce Secretary Stefan Pryor. 

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The state Commerce Corporation is slated to meet Wednesday to consider incentives meant to secure General Electric jobs in Providence. Governor Gina Raimondo has said the incentives will not be paid until the jobs are actually created.

Plans were announced in June for GE to open a Providence office with about 100 initial new jobs. At the time, state officials said they expected $5.65 million in incentives, over 10 years, to be part of the deal.

Ian Donnis / RIPR

Betsy Wall, Rhode Island's chief marketing officer, apologized Thursday for the troubled rollout of the state's new $5 million push to promote tourism 

More problems are emerging in relation to a new website unveiled as part of a statewide business and tourism campaign. 

Rhode Island: Cooler And Warmer?

Mar 29, 2016
RIPR FILE

Governor Gina Raimondo and the state's Commerce Corporation have announced a new slogan for the Ocean State, Rhode Island: Cooler and Warmer.

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Three Rhode Island school districts have been chosen for a new state initiative aimed at preparing students for jobs in high tech industries. Newport, Providence and Westerly will be part of the program known as P-TECH; short for Pathways in Technology Early College High School program.

Ian Donnis / RIPR

State officials on Monday announced the availability of two tax incentives, both contained in the budget passed by the General Assembly in June, that are meant to improve Rhode Island's economy.

Ian Donnis / RIPR

The state Commerce Corporation has agreed to a $12.5 million dollar settlement with four defendants over the collapse of video-game maker 38 Studios, including Keith Stokes, the former head of the state's economic development agency.

Ian Donnis/File Photo / RIPR

Commerce Secretary Stefan Pryor announced Thursday the installation of a new leadership team at the Rhode Island Commerce Corporation, the quasi-public entity formerly known as the Economic Development Corporation.

Pryor, recently confirmed as Rhode Island's first Commerce secretary, appointed commercial real estate veteran Darin Early as chief operating officer of Commerce RI. Early will be responsible for day to day operations and overall direction at the agency.

via WNPR

Governor-elect Gina Raimondo has picked Connecticut Education Commissioner Stefan Pryor, a fellow Yale alum with experience leading economic-development efforts in New York and New Jersey, as her choice to be Rhode Island's first Commerce secretary.

"Stefan Pryor has the depth of experience and the drive to help me lead Rhode Island's comeback," Raimondo said in a statement. "Stefan's economic development successes in Newark and in Lower Manhattan are a testament to his ability to lead the Department of Commerce in Rhode Island."