It’s hard to turn on the news these days without hearing about another nonprofit in financial trouble. Advent House – the state’s first homeless shelter – is without a director because it can’t afford one. John Hope Settlement House is bleeding $30,000 a month. And the Institute for the Study and Practice of Nonviolence has laid off a third of its staff.
As Rhode Island tries to overcome high unemployment, some observers argue that more urgent steps are needed to spark the economy. One of the groups making that argument is a free-market think tank, the Rhode Island Center for Freedom and Prosperity. The center’s CEO, Mike Stenhouse, stopped by our studio to talk about a proposal to eliminate the sales tax and other issues.
The Boston Globe reported Monday that the Canadian government has established a business accelerator program in Cambridge to help its ``most promising young start-ups tap into the expertise and energy of the growing innovation economy around MIT and, ideally return home with new customers, connections and ideas.’’
As anyone with a pulse is aware, the area around Kendall Square in Cambridge has evolved over the past two decades from a seen-better-days warehouse and manufacturing district into an innovation lodestone.
The fight for fiscal stability in Woonsocket and mixed news on Rhode Island's economy. That’s part of the discussion this week on Political Roundtable with guest Woonsocket City Council President John Ward.
Saul Kaplan, head of the Business Innovation Factory, says Rhode Island has the necessary assets for a thriving economy. Part of the challenge, he says, is transforming the state's small size from an obstacle into a benefit.
Gov. Lincoln Chafee says the findings in a new report are part of the process of improving Rhode Island’s economy.
The report centers on the state’s business climate and found Rhode Island has made some progress in cutting taxes but they’re still perceived as being a potential roadblock to attracting new business. It also found gaps in funding for start ups.
Chafee says the process is part of what he calls a methodical approach his administration is using to target a better economy.
A University of Rhode Island economist is out with his monthly index of economic indicators. And it shows the state has economic momentum unmatched since 2003.
Professor Leonard Lardaro’s “Current Conditions Index” hit 92 in December, the highest mark in eight years. All but one of 12 economic indicators showed growth; the lone exception being government which is scaling back hiring as services are consolidated.