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News - Entrepreneurship

• Governor Lincoln D. Chafee Hosts Community Business Outreach Forums in Pawtucket, West Warwick, and Cranston

  01/17/2012 - 11:43

  In his continuing effort to address the fiscal challenges of Rhode Island’s cities and towns and revitalize Rhode Island’s economy, Governor Lincoln D. Chafee hosted three packed community forums this week in Pawtucket, West Warwick, and Cranston to hear from dozens of local small business owners and discuss ways to help them succeed, grow the economy, and create jobs for Rhode Islanders.

• RIEDC Board Approves Financing to Help Rhode Island Technology Company Expand and Create 45 New Jobs

  10/24/2011 - 21:11

  The Rhode Island Economic Development Corporation (RIEDC) Board of Directors today approved financing that will help an established, knowledge- and technology-driven small business continue to grow and create high-wage jobs in Rhode Island.

• Governor Chafee, Rhode Island’s Congressional Delegation and Community Leaders Announce $13.1 Million in New Investment Capital

  10/04/2011 - 09:32

  Governor Lincoln D. Chafee joined U.S. Senators Jack Reed and Sheldon Whitehouse and U.S. Representative David Cicilline, Pawtucket Mayor Donald Grebien and Rhode Island Economic Development Corporation (RIEDC) Executive Director Keith Stokes today to announce that Rhode Island has been awarded $13.1 million in federal funds to help finance small businesses through the U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI). The program was established by the Small Business Jobs Act of 2010 and will provide much needed new capital to Rhode Island small businesses and entrepreneurs to help them grow and create quality jobs in the state.

• Secretary of State Mollis and the R.I. Economic Development Corporation Team Up to Cut Red Tape for Small Business

  09/07/2011 - 03:00

  The two state agencies charged with making it easier to do business in Rhode Island are offering companies a unique opportunity to talk face-to-face with federal, state and local government officials.

• Governor Lincoln D. Chafee Announces $500,000 RIEDC Loan Fund to Support Local Businesses Affected by Tropical Storm Irene

  09/01/2011 - 09:23

  Governor Lincoln D. Chafee announced today the establishment of a $500,000 loan fund to assist Rhode Island businesses that have been affected by Tropical Storm Irene. The loans are being made available through the Rhode Island Economic Development Corporation’s (RIEDC) Small Business Loan Fund.

• RIEDC Announces Request for Proposals for Renewable Energy Projects to be Funded Through the Agency’s Renewable Energy Fund

  08/25/2011 - 10:53

  The RIEDC announced an RFP for the development of non-utility scale renewable energy projects in Rhode Island. The projects will be supported by $2.5 million in federal stimulus funds to be disbursed by the Rhode Island Office of Energy Resources through the state’s ARRA-State Energy Program and managed by the RIEDC’s Renewable Energy Fund.

• RIEDC Board Approves Renewable Energy and Small Business Financing to Help Lower Costs and Expand State’s Knowledge Economy

  08/23/2011 - 09:20

  The RIEDC Board of Directors approved two projects that will help leading advanced manufacturers reduce their utility costs and provide a growing knowledge-based small business with financing.

• RIEDC Small Business Loan Fund Approves $2.4 million in Loans to Rhode Island Companies

  07/14/2011 - 14:24

  Ten Rhode Island small businesses recently received approval for $2.4 million in financing through the Rhode Island Economic Development Corporation’s (RIEDC) Small Business Loan Fund. The funding is expected to create and sustain nearly 200 jobs in Rhode Island.

• Governor Chafee Visits with Small Businesses in Providence to Discuss Their Needs and Focus on ‘Main Street’ Development

  04/26/2011 - 09:37

  In an ongoing series of visits with small businesses in the state’s urban core communities, Governor Lincoln D. Chafee and Keith Stokes, Executive Director of the RIEDC, joined Mayor Angel Taveras and State Representative Grace Diaz this morning to meet with a number of business owners on Broad Street in Providence.

• Governor Chafee Congratulates Collaborative Research Grant Recipients, Treasurer Raimondo Tops Agenda at at First STAC Meeting

  02/03/2011 - 16:48

  The Rhode Island Science & Technology Advisory Council announced the winners of the 2011 Rhode Island Research Alliance Collaborative Research Grants, the fifth round of awards aimed at facilitating collaborative research in Rhode Island.  The awards, totaling $1,435,822, will support eight projects, representing 23 scientists from 13 educational institutions, hospitals and private companies.

• RIEDC Board Approves Measures Aimed at Creating 286 Jobs by Boosting Innovation-based Small Businesses

  11/22/2010 - 17:07

  The RIEDC Board of Directors approved financing and tax incentive measures for three Rhode Island small businesses that are expected to create 286 jobs in the state.

• Secretary of State Mollis and RIEDC Team Up to Help Rhode Island Businesses Start, Grow and Expand

  08/31/2010 - 14:58

  The RIEDC and Secretary of State A. Ralph Mollis will join together again to assist businesses in development, growth and expansion through the We Mean Business Expo on Wednesday, Sept. 8 from 10 a.m. to 5 p.m. at the Crowne Plaza in Warwick.

• RIEDC Board Authorizes First Use of New Jobs Creation Program

  07/27/2010 - 09:22

  In the first use of a new $125-million program to create jobs in the Ocean State, the Rhode Island Economic Development Corporation (RIEDC) Board of Directors today approved a Final Authorizing Resolution to provide video game developer 38 Studios a loan guarantee to help the company expand its business and relocate to Rhode Island.

• Rhode Island Takes Steps to Prepare State’s Workforce for High-Paying Jobs in Knowledge Economy

  07/13/2010 - 10:47

  Governor Carcieri and the General Assembly implement the recommendations of CCRI 21st Century Workforce Commission in order to strengthen Rhode Island’s workforce development capacity

• RIEDC’s Every Company Counts Hosts Informational Forum for Pawtucket Businesses

  04/26/2010 - 14:47

  The Rhode Island Economic Development Corporation’s (RIEDC) small business initiative, Every Company Counts (ECC), along with other city, state and federal agencies, will hold an informational forum on Wednesday, April 28, 2010 for Pawtucket business owners on how they can take advantage of available resources to help them move forward in the current economy.

• Every Company Counts Hosts Office Hours at Local Chambers of Commerce

  03/02/2010 - 15:14

  Every Company Counts (ECC), the small business initiative of the Rhode Island Economic Development Corporation, today announced it will hold regular office hours at Rhode Island’s Chambers of Commerce, bringing ECC’s services to the Ocean State’s local communities.

• RIEDC Awards $225,000 Small Business Loan Fund to Nationwide Diesel Technologies, Inc.

  11/17/2009 - 16:31

  The Rhode Island Economic Development Corporation (RIEDC) today announced that Nationwide Diesel Technologies, Inc (NDT) has been awarded a $225,000 loan by the agency’s Small Business Loan Fund. The financing will enable NDT, which operates a technical training facility in Smithfield, to open the Trades Training Center of Rhode Island, a new training center in Quonset/Davisville on February 15 and hire 15 additional employees.

• Rhode Island Economic Development Corporation Releases 2009 Economic Growth Plan Review and Report

  10/06/2009 - 14:46

  The RIEDC has completed a comprehensive review of its activities since the initial release of its 2009 Economic Growth Plan. Central to this review are details surrounding the ongoing efforts of the plan and new initiatives to get Rhode Island Working Again.

• RIEDC Funds $250K Small Business Loan to Material Sampling Technologies, LLC

  09/17/2009 - 09:53

  The RIEDC announced the funding of a $250,000 Small Business Loan to Material Sampling Technologies, LLC (MST). MST is a new company which recently located its business in North Smithfield, Rhode Island.

• RIEDC Celebrates REF Grant Recipients

  09/03/2009 - 23:15

  The Renewable Energy Fund recently awarded 17 grants to Rhode Island communities, organizations and businesses that will fund renewable energy development projects or feasibility studies. To highlight the diverse array of renewable energy projects, the RIEDC has been hosting local events where community members, business owners, government affiliates and media have been in attendance.

• Mayor Cicilline Joins State Officials in Announcing Alteris Renewables Offices Locating in Providence

  08/05/2009 - 15:03

  Mayor David N. Cicilline, along with state economic development officials, announced the opening of the new offices of Alteris Renewables, Inc. - the largest renewable energy systems installer in the Northeast – in Providence. 

• Apply Now for the 2009 Rhode Island Innovation Awards

  07/28/2009 - 15:49

  The Rhode Island Innovation Awards are designed to honor Rhode Island-based companies, organizations and individuals that constantly replace existing methods, models and products with better ones. Applications are due August 21!

• Governor Carcieri Hails Deepwater Wind Rhode Island Lease Agreement at Quonset Business Park

  06/30/2009 - 09:09

  Governor Carcieri today hailed the Quonset Development Corporation Board of Directors’ approval of a development agreement to lease 117 acres to Deepwater Wind Rhode Island, LLC in the Quonset Business Park for the development of the company’s regional manufacturing facility and its regional development headquarters.

• Renewable Energy Fund Awards Grants to 17 Local Alternative Energy Projects

  06/23/2009 - 09:00

  RIEDC's Renewable Energy Fund (REF) has awarded a total of $681,875 in grants to 17 local projects that will stimulate job growth in the green technology and green energy sectors of Rhode Island’s economy.

• RIEDC, Rhody Fresh Announce Repayment of $125,000 SBLFC Loan by Rhode Island Dairy Farms Cooperative

  06/15/2009 - 14:55

  The Rhode Island Economic Development Corporation today announced that a $125,000 Small Business Loan Fund Corporation loan was paid off in full by the Rhode Island Dairy Farms Cooperative (Rhody Fresh).

• Rhode Island Companies Seek to Expand Composite Technology Expertise at 2009 SAMPE Show

  05/28/2009 - 09:39

  The Rhode Island Economic Development Corporation, in partnership with Rhode Island organizations such as Goetz Custom Technologies, Resolute Racing Shells, Vulcan Catalytic Systems and the New England Institute of Technology showcased their composite technology capabilities and explored new market opportunities at the Society for Advancement of Material and Process Engineering (SAMPE) 2009 in Baltimore.

• RI-CIE Launches in Providence as Resource for Entrepreneurs

  04/28/2009 - 09:59

  The Rhode Island Center for Innovation and Entrepreneurship will formally open its headquarters at One Davol Square on Tuesday, April 28, 2009. RI-CIE is a cooperative effort among Providence, the state, Brown University, and business and economic development officials.

• Governor’s Workforce Board Awards $320,000 in Grants to Local Companies

  04/27/2009 - 11:45

  The Rhode Island Economic Development Corporation (RIEDC), in conjunction with the Governor’s Workforce Board, today announced that four local Rhode Island companies qualified to receive more than $320,000 in workforce training grants.

• RI Nexus Continues its College Tour at Salve Regina University

  04/16/2009 - 15:22

  Through RI Nexus and its College Tour, the RIEDC aims to forge a deeper connection with Rhode Island’s students — focusing on retaining college students in the state.

• STAC Launches Comprehensive Searchable Database for Federal Funding Opportunities

  04/06/2009 - 13:23

  The Rhode Island Science and Technology Advisory Council has expanded its website to assist science and technology researchers and enterprises in pursuing stimulus funding opportunities.

• BusinessWeek Cites Providence as a “Best Small City” for Startups

  04/01/2009 - 12:49

  Business Week magazine has selected Providence as one of the best small cities in the country for startup companies. The magazine credited the Rhode Island Economic Development Corporation’s small business support and funding that helps the state’s small businesses expand and grow.

• Two RIEDC-backed initiatives awarded grants to boost state’s knowledge economy

  04/01/2009 - 12:31

  The Rhode Island Economic Development Corporation today announced that two of its programs have received Knowledge Economy Grants Awards from the Greater Providence Chamber of Commerce and the City of Providence.

• RIEDC Announces New Public/Private Partnership to Foster Entrepreneurial Activity in Ocean State

  03/24/2009 - 13:50

  RIEDC and Brown University announced plans for a new center designed to train and develop Rhode Island's entrepreneurs who will help to strengthen the state's economy and create more high-wage jobs.

• RIEDC 2009 Economic Growth Plan: Rhode Island, Working Again

  03/24/2009 - 10:28

  RIEDC’s 2009 Economic Growth Plan proposes 10 concrete action items to accelerate the pace of job growth in our state.

• STAC Releases 2009 Report and Recommendations, Urges Support for RI Research Alliance and Entrepreneurship Center

  01/28/2009 - 11:17

  STAC presented Governor Donald L. Carcieri and the Rhode Island General Assembly with a set of recommendations calling for timely, targeted and transformative investments to support discovery and innovation and its transfer into the marketplace.

• STAC Awards 23 Scientists, 10 Institutions Funding for Collaborative Projects

  01/28/2009 - 10:33

  The Rhode Island Science and Technology Advisory Council (STAC) today announced the awardees of the 2009 Collaborative Research Award program.  The awards will support seven projects, representing 23 scientists from 10 organizations throughout Rhode Island.

• Mike Saul: Rhode Island Continues Foray Into Idea Making

  12/29/2008 - 11:12

  Over the last few decades Rhode Island’s economy has changed in fundamental ways. Like the rest of the nation, the state’s economy has shifted from a reliance on machinery and equipment to “knowledge workers” who generate ideas and information. The state must now compete in an economy where innovation and knowledge are the primary drivers of economic growth. 

• RIEDC Partners with Alternative Lenders and Growth Capital Experts to Help Rhode Island Businesses Find New Sources of Capital

  11/10/2008 - 12:14

  RIEDC will host two financing educational seminars this month targeting the state’s small business community: “Navigating the Credit Crunch: Alternative Lending Sources” on Wednesday, November 19 at noon and “Financing Fast Growth” on Tuesday, November 25 at 10 a.m.

• Slater Technology Fund Invests in P&H Therapeutics

  10/29/2008 - 10:34

  The Slater Technology Fund today announced that it has committed $500,000 to P&H Therapeutics, Inc., a Providence-based company developing next-generation drugs to treat hypertension and dyslipidemia.

• RIEDC, Providence Business News Honor 2008 Innovation Award Winners

  09/11/2008 - 14:55

  The Rhode Island Economic Development Corporation (RIEDC) and the Providence Business News (PBN) honored the winners of this year’s 2008 Rhode Island Innovation Awards at a gala event on September 18 at the Kirkbrae Country Club. Launched in 2006, the Innovation Awards celebrate Rhode Island companies, organizations and individuals that have made innovation central to their work.

• Rhode Island Receives Top Marks in Two Economic Development Studies

  08/01/2008 - 12:40

  Two reports, measuring business cost and economic development climate, gave Rhode Island and Providence high marks in categories such as research and development, education climate and environmental efforts.

• RIEDC Financing Program to Create 90 New Jobs in Rhode Island

  07/30/2008 - 08:48

  The Rhode Island Economic Development Corporation’s Small Business Loan Fund (SBLF) has provided expansion capital loans totaling $1.75 million, enabling four Rhode Island businesses to create more than 90 new jobs.

• STAC Launches New Website for R.I. Research Community

  06/02/2008 - 15:48

  The Rhode Island Science and Technology Council has debuted a new statewide collaborative research website that creates a one-stop-shop where researchers, entrepreneurs and community leaders can learn about research and development in R.I. register for events, apply for programs and access a searchable database of research equipment and shared facilities.

• Statewide Research Alliance Bolstered by Support from Brown, URI

  05/01/2008 - 09:04

  The Rhode Island Science and Technology Advisory Council (STAC) today presented its plans for expanding the Rhode Island Research Alliance and announced that Brown University and the University of Rhode Island (URI) both will contribute $25,000 to support the next phase of Research Alliance activity.

• Saul Kaplan in ProJo Editorial: Difficult Economic Times Call for Decisive Action

  03/10/2008 - 12:57

  Rhode Island is at a tipping point and we must work together to manage a difficult state budget, improve our tax competitiveness, and provide businesses with the tools they need to grow. We must become a knowledge economy that produces better jobs for all Rhode Islanders. Recent employment numbers only increase our resolve to accelerate the transition.

• 24 Scientists, 14 Institutions Receive Funding for Collaborative Projects

  01/25/2008 - 04:00

  The Rhode Island Science and Technology Advisory Council (STAC) announced the awardees of the 2008 Collaborative Research Award program. The awards will provide support to nine projects, representing 24 scientists from 14 research organizations across Rhode Island. Award recipients in 2008 include academic and industry scientists pursuing research in medicine, police forensics, engineering, chemistry, biology, oceanography and environmental science.

• STAC Recommendations Seek Relocation, Expansion of Slater Fund Incubator and Accelerated Growth of Statewide Research Alliance

  01/25/2008 - 04:00

  The Rhode Island Science and Technology Advisory Council (STAC) presented Governor Donald L. Carcieri and the Rhode Island General Assembly with a set of recommendations for activities the state can pursue in 2008 to increase Rhode Island's research and development activity, encourage entrepreneurship and new company creation and better enable all Rhode Island organizations to innovate.

• STAC Funding Program Set to Invest Additional $1.5 Million in Collaborative Research

  09/11/2007 - 15:01

  Building on the success of its inaugural year, the Rhode Island Science and Technology Advisory Council's Research Alliance program announced that it will invest an additional $1.5 million in research that promotes collaboration across the state's academic and commercial institutions. Continuation of the Research Alliance and Collaborative Research Award program, launched in 2006, was made possible through support from Governor Donald L. Carcieri and the Rhode Island General Assembly.

• Justice Robert Flanders to Chair Commission to Strengthen Research at URI

  04/25/2007 - 03:00

  Justice Robert G. Flanders, Jr. was named Chair of a commission charged with making recommendations to state leadership on actions to enhance research activity at the University of Rhode Island. The URI Commission for Innovation will propose actions to strengthen URI's position as a nationally competitive public research university and a key institution in Rhode Island's effort to grow an innovation economy.

• Collaboration Rules at STAC/EPSCoR Event

  04/17/2007 - 03:00

  Collaboration was the buzzword of the day at "Expanding Rhode Island's Research and Development Capacity through Collaboration," a one-day forum, hosted on April 12 by the Rhode Island Science and Technology Advisory Council (STAC) and Rhode Island's Experimental Program to Stimulate Competitive Research (EPSCoR). Nearly 100 participants attended the event including members of Rhode Island's academic and commercial research community, and business and community leaders interested in supporting collaborative research in Rhode Island.

• R.I. Invests $1.5M in collaborative research; 32 Scientists, 15 Institutions Receive Funding for Collaborative Projects

  01/17/2007 - 04:00

  The Rhode Island Science and Technology Advisory Council (STAC) announced the first round of recipients for its Rhode Island Research Alliance Collaborative Research Award program. The awards will provide direct support to 32 scientists from 15 research organizations across Rhode Island. The program is part of a $1.5 million effort to grow R&D capacity in the state, address critical problems of Rhode Islanders, and spur economic development.

• Following Successful First Year, R.I. Science and Technology Advisory Council Releases 2007 Recommendations

  01/17/2007 - 04:00

  After a successful year in 2006, The Rhode Island Science and Technology Advisory Council (STAC) today released its 2007 recommendations for actions the state's leadership can take to 1) support Rhode Island's research and development activity; 2) promote collaboration across institutions; 3) encourage entrepreneurship and new company creation; and 4) enable all organizations, public and private, to innovate.

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