PROVIDENCE, RI – Governor Lincoln Chafee says there needs to be a thorough review of how the Economic Development Corporation monitored the 75 million dollar loan guarantee to 38 Studios. But Chafee won't commit to a specific timetable for that review.
Chafee tells RIPR's Ian Donnis, that Chafee wants a review to examine why the state invested in 38 Studios. He says the review should also look at how the EDC kept track of the 75 million dollar loan guaranty.
PROVIDENCE, RI – The wind turbines at Field's Point continue to stand like statutes. But crews are working to have them spinning by the end of the summer.
The project is about 87-percent complete right now. Or so says the Narragansett Bay Commission. It operates the Field's Point Wastewater Treatment Facility. And it's come under scrutiny for the giant, inert white blades looming over the bay.
PROVIDENCE, RI – The Tall Ships leave Newport today in grand style. 14 ships will muster at noon at Castle Hill to begin the procession at sea.
One of the crew for the event is Jerry Wiegand. He's aboard a ship from the Philadelphia Maritime Museum, The Gazela. He's enjoyed his stay in Newport saying, "Seamen's church is right here. They've got breakfast, washing machines, important stuff, library, the whole thing."
PROVIDENCE, RI – The head of Rhode Island's Department of Labor and Training says the unemployment rate among Rhode Islanders in general and Hispanics in particular is far too high. Charles Fogarty was reacting to a new report that shows the Providence metropolitan area has the highest rate of unemployment among Latinos in the country.
PROVIDENCE, RI – Warwick and Providence have recently reached new contracts with their municipal unions. But a lobbyist representing cities and towns says they still need more legal help from the state to level the playing field against public sector employees.
The General Assembly this year ignored most of Governor Lincoln Chafee's legislative package to give cities and towns more clout.
PROVIDENCE, RI – Troubled video game maker 38 Studios has laid off an unspecified number of employees. Governor Lincoln Chafee revealed the information after a meeting Monday night between 38 Studios' owner, Curt Schilling, and the board of the state Economic Development Corporation.
Chafee says the EDC board's discussion with Schilling included details on payroll and layoffs. The governor pointed to a confidentiality agreement in declining to provide more details on the job cuts.
PROVIDENCE, RI – In a study released by UMass Dartmouth finds Massachusetts residents are outspending Rhode Islanders at Ocean State slot parlors.
Massachusetts residents out-visited and out-spent Rhode Island residents at Twin River and Newport Grand last year. The study finds Bay State gamblers spent about $284 million, generating more than $157 million in taxes to the Ocean State.
PROVIDENCE, RI – Woonsocket-based CVS-Caremark says it's contributed more than a billion dollars to Rhode Island's Gross Domestic Product in 2010.
The PricewaterhouseCoopers economic impact study looked at how much CVS-Caremark contributed to the market value of all goods and services produced in Rhode Island. It found that the pharmaceutical giant contributed more than $1.2 billion to Rhode Island's GDP.