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.
Another week passes with the usual talk from the Rhode Island political and business elite on economic development. RIPR political analyst Scott MacKay says its time for some changes in the way Rhode Islanders view our state and ourselves.
(PROVIDENCE, RI) Ten Rhode Island colleges and universities are teaming up to help the state out of its economic doldrums.
Gov. Lincoln Chafee has announced the formation of the “Rhode Island Higher Education Research Collaborative.” Its mission: to provide nonpartisan data that will help state leaders develop sustainable economic policies.
(PROVIDENCE, RI) A report examining why Rhode Island’s business climate ranks poorly in national surveys is slated to be released Tuesday.
Rhode Island has repeatedly placed near the bottom in some national surveys on the business friendliness of different states. The new study – entitled “Moving the Needle” – was produced by the state Senate and the business-backed Rhode Island Public Expenditure Council.
(PROVIDENCE, RI) Minimum wage workers in Rhode Island are getting a pay raise Tuesday. The state’s minimum wage is going up for the first time in five years.
Legislation raising the minimum wage in Rhode Island goes back to 1956, when it was $0.90 an hour. State labor numbers find about 10,000 Rhode Islanders earn the minimum wage, and will get a bump in their next pay check. Sydonia Lary works two hourly wage jobs in Providence. She’s pleased the state’s minimum wage is going up.
There is some good news for Rhode Island’s housing market. The Rhode Island Association of Realtors reports that single family home sales increased by 43% last month as compared to a year ago. The median price of 195-thousand-dollars is 1% higher than November 2011. November’s numbers also show an even balance between the supply of houses for sale and the number of potential buyers according to the RIAR.