economic development

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Dave and Mark sit down with RIPR Political Analyst Scott MacKay to talk about Governor Gina Raimondo's forecast for the state's economy, her pledge to bring new jobs to Rhode Island, and the challenge as she crafts her first state budget.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

There are some glimmers of positive economic news as Rhode Island races toward the New Year. So thanks for stopping for my weekly column. Feel free to share your tips and thoughts at idonnis (at) ripr (dot) org and to follow me on the twitters. Here we go.

Ian Donnis / RIPR

State Representative Patricia Morgan (R-West Warwick) joins Political Roundtable to discuss Governor-elect Gina Raimondo's early moves on the economy; concern about rising energy prices; and the questions highlighted by fire district problems in Coventry.

Catherine Welch / RIPR

Five European companies are looking to set up shop in Rhode Island. Gov. Lincoln Chafee said the announcement is part of an economic tide rolling in to Rhode Island.

At an announcement at the Statehouse, the five companies said they have plans to put down stakes here. SCORE, an encryption technology firm, will locate a data processing center. REIOS designs efficient lighting systems and will build an assembly plant. Italian restaurant chain Galivm will open at least one location. And Furniture maker Monaghan Brothers out of Ireland said it will open a show room.

Ian Donnis / RIPR

About 80 business people and other community leaders gathered Tuesday to find ways to bolster the state economy.  Governor-elect Gina Raimondo used the event to introduce her point man on economic development.

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."

RIPR FILE

Governor-elect Gina Raimondo is staging an economic policy summit with 80 so-called “thought leaders” Tuesday. The event is supposed to develop ideas for improving the state’s economy.

Raimondo’s transition office declined to release an advance list of the business people and other leaders invited to the event. They’ll take part in a three-hour discussion at URI’s Providence campus.  The governor-elect’s transition initially planned to close most of the meeting to the media. But the full session will now be open to reporters.

State Representative John "Jay" Edwards (D-Tiverton) joins Bonus Q+A this week to talk about tolls on the Sakonnet River Bridge; why RI's roads and bridges are in such poor repair; whether the General Assembly is doing enough to boost the economy; the political fallout from 38 Studios; and much more.

Ian Donnis / RIPR

With the General Assembly set to start its new session Tuesday, House Speaker Gordon Fox sat down to discuss the issues facing the legislature, including the latest budget deficit; fallout from 38 Studios; the possible impact of a settlement over the 2011 overhaul of the state pension system; tolls on the Sakonnet River Bridge; and more.

House Minority Leader Brian Newberry (R-Smithfield) joins Bonus Q+A to discuss the upcoming General Assembly session and a variety of other issues, including economic development, the master lever, 38 Studios, the race for governor and more.

Ian Donnis / RIPR

Do voters really want substance in their candidates?

The state Ethics Commission on Tuesday decided to investigate a complaint filed against House Speaker Gordon Fox. The question is whether Fox needed to disclose legal work done for the City of Providence.

Jason Gramitt, a staff attorney for the Ethics Commission, calls the step taken by the commission "preliminary. The commission only looks at the complaint and decides whether or not it should authorize an investigation, and so that's all they've done. They didn't offer any opinion as to whether the complaint is a good complaint or a bad complaint."

RIPR

Every year, when Rhode Island lawmakers start working on a new budget, they face a spending plan mired in red ink. By law, the budget must be balanced by the end of the legislative session, usually in June. But like a boomerang, projected budget deficits zoom back to Smith Hill by the time the new session starts in January. Next year will no different -- Rhode Island already faces the fiscal year starting in July 2014 with an estimated $149 million hole. And the state lacks a plan for overcoming budget deficits that are projected to get far worse with time.

Ian Donnis / RIPR

General Treasurer Gina Raimondo joins Political Roundtable this week to discuss 2014; the health of the state pension plan; her views on boosting Rhode Island's economy; and whether adding table games is the best way for the state to protect one of its largest revenue sources.

Ian Donnis / RIPR

If gubernatorial-candidate-in-waiting Gina Raimondo has bold ideas for sparking Rhode Island's economy, she's keeping them to herself. Instead, during a taping Thursday of RIPR's Political Roundtable, Raimondo sounded a lot like Rhode Island's current governor, Lincoln Chafee, in emphasizing a focus on improving the economic fundamentals.

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