News - Financial Services
Governor Chafee and the RIEDC Board Move to Revitalize and Rebrand Urban Communities, Help Small Businesses Succeed
04/24/2012 - 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.
Governor Chafee and the RIEDC Board Move to Provide Better Access to Capital and Improve Regulatory Processes for Businesses
03/27/2012 - 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.
02/28/2011 - 11:09
The Rhode Island Economic Development Corporation Board of Directors approved a measure on Thursday aimed at creating at least 164 new full-time financial services jobs in the state.
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.
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.
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!
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.
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.
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.
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.
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.
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.
09/30/2008 - 13:32
RIEDC attraction campaign kicks off next phase with series of regional dinners for industry executives in target sectors; seven Massachusetts companies participate in first of a regional dinner series.
08/13/2008 - 11:14
Rhode Island Economic Development Corporation Executive Director Saul Kaplan talks with WADK's Robert Bailey about Rhode Island's "secret sauce:" its size, on the station's Marketing and Money segment.
08/06/2008 - 13:48
The Innovation Awards, presented by the Providence Business News in partnership with the Rhode Island Economic Development Corporation and Tech Collective, and sponsored by Cox Business, are designed to honor Rhode Island-based companies, organizations and individuals that constantly replace existing methods, models and products with better ones.
A short application form is due by August 20. Apply Now!
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.
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.
07/07/2008 - 13:34
The budget passed by the Rhode Island General Assembly and signed into law by Governor Carcieri is good for the state’s economy. Our 2008 Economic Growth Plan made clear that the state has to get control over its spending without raising broad-based taxes. The fiscal 2009 budget does exactly that. Do not underestimate how important this is to improving our business climate and stimulating job creation.
02/26/2008 - 15:51
The Rhode Island Economic Development Corporation (RIEDC) today announced the launch of Opportunity: Rhode Island, a regional attraction campaign aimed at identifying expansion and relocation opportunities initially focused in the Financial Services, Information Technology and Digital Media, and Health and Life Sciences sectors. The campaign, funded in part by the Rhode Island Commodores, will use direct marketing, industry events and peer outreach to generate new business development leads.
01/16/2008 - 16:29
Boston/Cambridge-based “Xconomy” applauded the Rhode Island Science and Technology Advisory Council and the state for utilizing the Innovation Tax Credit, a targeted tax credit of up to $100,000, to stimulate investment in high-wage sectors.
11/05/2007 - 04:00
Financial services companies in Rhode Island employ more than 26,000 people (an increase from 21,000 jobs in 1997) and bring in more than $1.5 billion in wages to the state each year. In 2006, the industry was one of the strongest contributors to the state economy. Despite these impressive statistics, Rhode Island can and should do more to cultivate this important business cluster. We have a lot to gain by doing so.
10/17/2007 - 16:35
Fidelity Investments, one of the world's largest providers of financial services, is in the midst of building its next office building in its 500-acre Smithfield campus. When completed, the 577,000-square-foot, four-level structure will be the largest office building in the state and will house at least 1,000 employees by the third quarter of 2008.