News
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Governor Chafee and Federal Delegation Announce Grant Funds to Help Keep Manufacturing Company in Rhode Island
Tuesday, May 8, 2012 - 14:45
In 2011, Rhode Island was awarded $13.1 million in federal funds to help finance small businesses through the State Small Business Credit Initiative (SSBCI). Today, Governor Lincoln D. Chafee, U.S. Senators Jack Reed and Sheldon Whitehouse and U.S. Representative David Cicilline joined local officials, the Rhode Island Economic Development Corporation (RIEDC), company management and employees to celebrate SSBCI financing which helped keep North Smithfield-based National Marker Company (NMC) and 58 manufacturing jobs in Rhode Island. The company recently received a $250,000 SSBCI loan through the RIEDC’s Small Business Loan Fund.
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Governor Chafee and the RIEDC Board Move to Revitalize and Rebrand Urban Communities, Help Small Businesses Succeed
Tuesday, April 24, 2012 - 12:06
Governor Lincoln D. Chafee has called for FY 2013 to be the “Year of the Cities and Towns.” As part of the Governor’s focus on strengthening municipalities, the Rhode Island Economic Development Corporation (RIEDC) Board of Directors, chaired by Governor Chafee, today voted to adopt a focused, yet flexible, work plan aimed at revitalizing urban communities and helping small businesses succeed in traditionally underserved areas of the state.
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Governor Lincoln D. Chafee Celebrates Expansion of Small Business in East Providence with Help from RIEDC Financing
Monday, April 9, 2012 - 15:25
On the heels of recent move by Governor Lincoln D. Chafee and the Rhode Island Economic Development Corporation Board of Directors to provide better access to financing for Rhode Island businesses, the Governor joined RIEDC Executive Director Keith Stokes and company management and employees today in East Providence to celebrate the continued growth of Infusion Resource, LLC. The Rhode Island healthcare company is adding 13 new jobs with the help of a $250,000 loan from the RIEDC’s Small Business Loan Fund.
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Governor Chafee Cuts Through the Red Tape with a New Program that Fast Tracks Business Expansion to Create Jobs
Monday, April 9, 2012 - 11:19
Building on a recent initiatives at Quonset and the Rhode Island Economic Development Corporation to make it easier to do business and improve regulatory and permitting processes in Rhode Island, Governor Lincoln D. Chafee joined with state officials and local business leaders today to launch two innovative site readiness programs aimed at fast-tracking land parcels for development, business expansion and job growth.
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Governor Chafee and the RIEDC Board Move to Provide Better Access to Capital and Improve Regulatory Processes for Businesses
Tuesday, March 27, 2012 - 09:19
Focusing on two key job growth priorities, the Rhode Island Economic Development Corporation (RIEDC) Board of Directors, led by Governor Lincoln D. Chafee, today voted to adopt focused yet flexible work plans aimed at helping Rhode Island businesses gain better access to financing and streamlining state and local regulatory processes to save companies time and money.
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Governor Lincoln Chafee Announces Finalized Agreements with SBLF, BetaSpring and Slater Technology
Tuesday, February 28, 2012 - 17:14
Governor Lincoln D. Chafee and Rhode Island Economic Development Corporation (RIEDC) Executive Director Keith Stokes today announced that the RIEDC has finalized Memorandums of Understanding (MOU) with the Small Business Loan Fund Corporation, BetaSpring and Slater Technology Fund to deploy the first tranche of the $13.1 million in federal grant funds Rhode Island has been awarded through the U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI).
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Governor Chafee, State Officials Join Business Community to Celebrate Groundbreaking of Wide World of Indoor Sports Complex
Thursday, February 16, 2012 - 16:11
Governor Lincoln D. Chafee joined with state officials and local business leaders today to celebrated the beginning of construction of a new Wide World of Indoor Sports facility in the Quonset Business Park in North Kingstown, RI. The new multi-use health and wellness sports complex is expected to create approximately 85 new full- and part-time jobs when completed.
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RIEDC Board Approves Loan to Help Energy Technology Company Relocate to Rhode Island
Tuesday, February 7, 2012 - 10:13
The Rhode Island Economic Development Corporation Board of Directors today approved a $500,000 Renewable Energy Fund (REF) loan to provide Spokane, Wash.-based Utilidata, Inc. with the flexible growth capital the energy technology company needs to continue to expand and to secure its relocation to Rhode Island.
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Governor Lincoln Chafee Announces $250,000 Grant for 195 Redevelopment Commission to Expedite Next Phase of Work
Tuesday, January 24, 2012 - 10:40
Governor Lincoln Chafee announced today that he is making a $250,000 grant available to the 195 Redevelopment Commission through the Rhode Island Economic Development Corporation. The grant will provide the Commission with the necessary operating funds to begin the next stages of its work, including engineering planning and environmental impact analysis.
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Governor Lincoln D. Chafee Announces New Central Falls Economic Expansion Initiatives and Increased Tax Exemptions
Thursday, January 19, 2012 - 11:05
Governor Lincoln D. Chafee announced today that, after stabilizing Central Falls' finances, the Office of the Receiver is now pursuing ways to expand the city's tax base while also offering tax relief for the state's poorest citizens. In order to grow its economy, Central Falls is unveiling an Economic Expansion Incentive Program designed to encourage significant capital investments and improvements to the city's building stock and spur the creation of new jobs within city limits. At the same time, state-appointed Receiver Robert G. Flanders, Jr. also proposes approximately 25% increases to a series of property tax exemptions aimed at homeowners, senior citizens, and veterans.
