Marcel Valois

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.

CVS Health

What to make of the news that CVS Health, which is headquartered in Rhode Island, is opening a high-tech center in Boston.  RIPR political analyst Scott MacKay has some thoughts.

Rhode Island-based CVS Health employs more than 7,000 workers in our state. The pharmacy giant calls Woonsocket home, but the recent news that it is opening a high-tech center in Boston sent shivers through segments of the business and  economic development community in a state with New England’s highest unemployment rate.

Gov. Lincoln Chafee and Marcel Valois, executive director of Commerce Rhode Island, will embark on a European trade mission that will be focused on meeting with executives of companies that have expressed an interest in establishing operations in Rhode Island.

Chafee’s press office issued a statement saying that these company executive officials are interested in Rhode Island due to the state’s ``proximity to Europe, as well as the location in the busy northeast corridor and the convenience of TF Green Airport, industrial ports and rail and highway transportation systems.’’

Flo Jonic / RIPR

There's a commonly held misconception in Rhode Island that the jewelry industry is washed up, kaput, a victim of the ravaged manufacturing sector. But according to the Rhode Island Economic Development Corporation, we have the highest concentration of jobs in the jewelry industry in the United States. This morning as we continue our 'Made in Rhode Island' series, Rhode Island Public Radio's Flo Jonic delves into the jewelry industry through the eyes of three of its players:

RIPR

Governor Lincoln Chafee’s choice to lead the state Economic Development Corporation faces approval by the full state Senate committee Tuesday.  The votes comes amid debate over the EDC’s future.

Chafee’s choice, Marcel Valois, was unanimously approved by a Senate committee last week. Valois led the EDC in the 1990s during Lincoln Almond’s tenure as governor. He says Rhode Island needs to do a better job of helping business when it can and getting out of the way when it can’t.

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