Rhode Island’s lawsuit over failed video game company 38 Studios will move forward. Superior Court judge Michael Silverstein dismissed some of the counts, but allows key parts of the state’s lawsuit to move ahead.
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:
Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.
Robert A. Walsh Jr., executive director of the National Education Association Rhode Island, joins the Roundtable this week to discuss state Education Commissioner Deborah Gist; conflicting views on economic development; the debate over defaulting on bonds for 38 Studios; and Council 94's hiring of a prominent critic of state Treasurer Gina Raimondo.
Woonsocket City Council President John Ward is concerned that jobs provided by CVS Caremark Corporation could vanish if the company loses a big chunk of a state tax credit.
"Based on their reaction, I'm a little concerned," Ward said, referring to how CVS lobbyist Robert Goldberg said the company may reconsider its ties to Rhode Island if it loses part of a job development tax credit worth about $15 million a year.
Saul Kaplan, founder and head of the Business Innovation Factory, and a former director of the state Economic Development Corporation, joins the panel to discuss struggles at the EDC, the outlook for gun-related legislation, municipal finance woes in Woonsocket and more.
Governor Lincoln Chafee remains open to the idea of putting one person in charge of the state’s economic development efforts, although the precise approach for doing that hasn’t been decided, his office says.
Almost two months have passed since the Rhode Island Public Expenditure Council issued its recommendations for reshaping the state’s strategy to improving the economy.