RIEDC

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News - Financing

• Senate Confirms RIEDC Executive Director Keith Stokes, New RIEDC Board Members

  02/12/2010 - 14:04

  The Rhode Island Economic Development Corporation announced that Keith W. Stokes was unanimously confirmed as the agency’s executive director by the Senate. The Senate also confirmed Carcieri’s 12 nominees to RIEDC’s Board of Directors.

• RIEDC Board of Directors Approve Funding for Three Renewable Energy Projects

  11/30/2009 - 13:20

  On November 23, the Rhode Island Economic Development Corporation’s Board of Directors voted in favor to partially fund three projects put forth by the Renewable Energy Fund (REF). The funding will support the installation of two solar systems and a wind turbine.

• 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. 

• Slater-Backed Cardiorobotics Closes $11.6 Million Series A Financing

  08/05/2009 - 12:57

  The Slater Technology Fund announced today that one of its portfolio companies, Cardiorobotics, Inc., has closed on an $11.6-million Series A financing. Slater participated in the financing round, which was led by Eagle Ventures.

• 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!

• 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).

• RIEDC Awards Small Business Loan Funds to Three Local Companies

  05/05/2009 - 14:01

  The Rhode Island Economic Development Corporation has awarded a total of $420,000 in loans from the Small Business Loan Fund to support job growth at three local companies.

• 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.

• RIEDC is now on Twitter

  04/15/2009 - 10:47

  Stay on top of the latest economic development news and events. Follow RIEDC on Twitter:

  www.twitter.com/RIEDC

   

   

   

   

• 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.

• 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.

• Rhode Island Business Owner Writes Letter of Support for RIEDC’s Innovation Tax Credit and Workforce Training Services

  03/16/2009 - 14:40

  In a recent letter to the Providence Journal, Bernie Lambrese, CEO of Infusion Resource, called the Rhode Island Economic Development Corporation’s Innovation Tax Credit and workforce training grants critical to supporting and creating jobs.

• RIEDC Calls on General Assembly to Approve Small Business Loan Guarantee Authority

  01/26/2009 - 14:07

  RIEDC Interim Executive Director J. Michael Saul called on the Rhode Island legislature January 21 to approve a guarantee authority from the state of Rhode Island to help small businesses access much needed capital.

• 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.

• Neurotech Announces the Opening of Its GMP Manufacturing Facility in Cumberland, Rhode Island

  10/21/2008 - 08:55

  Neurotech Pharmaceuticals, a privately-held biotechnology company focused on the development of sight-saving therapeutics for chronic retinal diseases, announced today the opening of its new 27,000-square-foot GMP manufacturing facility in Cumberland, Rhode Island.

• Time is Running Out to Apply for the 2008 Rhode Island Innovation Awards

  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!

• 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.

• InQuest Technologies Announces Corporate Relocation to Rhode Island

  07/28/2008 - 13:51

  InQuest Technologies, the developer of IQ9, the leading platform for delivering web-based enterprise business applications, today announced that the company will relocate its headquarters from Southborough, Massachusetts to Providence, Rhode Island in September 2008. InQuest will relocate approximately 20 employees when doors at the new office open this fall with plans to hire aggressively and grow this location to 50 employees.

• Legislation Seeks Growth Capital Program to Support Rhode Island Businesses

  05/15/2008 - 11:20

  Legislation to create a $20-million Growth Capital Guarantee Program has been introduced to the Senate and House of Representatives of the Rhode Island General Assembly. The legislation seeks to reposition existing guarantee authority currently in the Rhode Island Industrial-Recreational Building Authority (IRBA) program to help companies well positioned to create new high-wage jobs obtain growth capital from private sector lenders using assets other than real estate, machinery and equipment.

• RIEDC Financing Programs Create, Retain More than 400 Jobs in 12 Month Period

  05/12/2008 - 09:49

  The Rhode Island Economic Development Corporation’s Small Business Loan Fund (SBLF) and Micro Loan program have helped create and/or retain more than 400 jobs in the last year.  Since June 2007, 12 loans totaling $2.6 million were awarded to both small and mid-sized businesses located in communities throughout the state.

• Concordia Expands Medical Manufacturing Operation in Rhode Island

  04/17/2008 - 13:22

  The Rhode Island Economic Development Corporation (RIEDC) announced today that Concordia Manufacturing, LLC has received a $500,000 loan from the Small Business Loan Fund to assist in its plans to expand its medical manufacturing operations.

• RIEDC’s Saul Kaplan Discusses Rhode Island’s Growth Plan with BioRegion News

  03/19/2008 - 15:53

  RIEDC Executive Director Saul Kaplan recently sat down for a Q&A session with a reporter from BioRegion News to discuss Rhode Island’s economic growth plan and the state’s bid to grow a high wage innovation economy.

• 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.

• RIEDC Launches New Alliance with Two Area Business Development Companies

  02/26/2008 - 12:57

  The Rhode Island Economic Development Corporation (RIEDC) today announced a new strategic alliance with the Business Development Company of Rhode Island (BDCRI) and the Business Development Company of New England (BDCNE). RIEDC joins with the BDCs in a partnership to bring the financing tools of two of the most recognized business development organizations in the United States to an expanded number of Rhode Island businesses with more that $200 million in growth capital products available to invest.

• RIEDC Announces New Finance Program to Assist Rhode Island Growth Companies

  02/26/2008 - 12:48

  The Rhode Island Economic Development Corporation announced legislation sponsored by House Majority Leader Gordon Fox and Senator William Walaska, Chairman, Senate Corporations Committee that seeks to increase available growth capital for Rhode Island companies well positioned to grow and create new high-wage jobs.

• Neurotech Pharmaceuticals Announces Rhode Island Expansion Plan

  01/16/2008 - 14:34

  Biotechnology company focused on sight-saving technologies is aided by state in developing new office and manufacturing facility

• RIEDC Names J. Michael Saul New Managing Director of Finance Programs

  07/12/2007 - 03:00

  J. Michael Saul has accepted a permanent position at the Rhode Island Economic Development Corporation (RIEDC) as Managing Director of Finance Programs. Saul will manage the agency's portfolio of financing programs and, after completing a comprehensive review of the state's current financing tools, recommend a plan for updating the platform to better match the needs of Rhode Island companies.

• Urban Revitalization Fund, RIEDC Form Alliance to Promote Synergy Across Rhode Island's Finance Programs

  01/24/2007 - 04:00

  The Rhode Island Economic Development Corporation (RIEDC) and The Urban Revitalization Fund (TURF) announced a new alliance that will strengthen and better align the financing programs offered by both organizations. Through the alliance, TURF will co-locate with RIEDC at the corporation's new offices in the American Locomotive Works Development. In addition, TURF Executive Director Michael Saul will lead a comprehensive review of RIEDC's current financing programs and recommend a plan for updating the platform to better match the needs of Rhode Island companies.

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Phone: 401-278-9100 | FAX: 401-273-8270
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