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News - RIEDC

• Governor Carcieri and RIEDC Executive Director to Tour R.I's Emerging Information, Manufacturing and Green Energy Companies

  03/03/2010 - 14:32

  Governor Donald L. Carcieri and the RIEDC today announced several planned tours of Rhode Island-based small businesses operating in the state’s emerging growth sectors: information technology, advanced manufacturing and green energy.

• 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.

• Rhode Island Receives $22.3 Million Stimulus Grant to Support Improvements at Quonset

  02/18/2010 - 17:11

  Governor Donald L. Carcieri today announced that the Quonset Development Corporation (QDC), a subsidiary of the Rhode Island Economic Development Corporation (EDC) was awarded a $22.3 million Transportation Investment Generating Economic Recovery (TIGER) grant from the US Department of Transportation. 

• 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.

• Education Conference to Bring Global Exposure, Economic Boost to the Ocean State

  02/03/2010 - 14:58

  The Rhode Island Economic Development Corporation (RIEDC) today announced that the Rhode Island Tourism Division, Regional Tourism organization and the Rhode Island Airport Corporation will welcome the Educational Travel Community’s Educational Travel Conference (ETC) to Providence from February 3-6 at the Rhode Island Convention Center.

• 18 Scientists, Eight Institutions Receive More Than $1 Million for Collaborative Research Projects

  02/03/2010 - 13:48

  The Rhode Island Science and Technology Advisory Council (STAC) today announced the awardees of the 2010 Collaborative Research Awards program.  The awards will support six projects, representing 18 scientists from eight organizations throughout Rhode Island.

• RIEDC Awards $10,000 Small Business Loan to Spirare Surfboards

  02/02/2010 - 12:39

  The Rhode Island Economic Development Corporation today announced that its Small Business Loan Fund has awarded start-up company Spirare Surfboards a $10,000 micro-business loan. The loan will help the newly established surfboard company, which produces surfboards with a fine-art design, a high degree of functionality and eco-friendly materials, expand its business.

• Governor Carcieri Appoints Members to RIEDC Board of Directors

  01/27/2010 - 10:57

  Governor Carcieri announced appointments to the RIEDC Board of Directors. The appointments are subject to the review and consent of the Rhode Island State Senate. The board was expanded from nine to thirteen members.

• Office of Energy Resources Offers Renewable Energy Grants to Rhode Islanders through Recovery Act

  01/11/2010 - 16:39

  The Rhode Island Office of Energy Resources today announced that the Office is accepting grant applications for non-utility scale renewable energy projects in Rhode Island.  The grants, totaling $8,395,000, are funded through the American Recovery and Reinvestment Act of 2009 (ARRA) and are available to Rhode Island residents, businesses, municipalities, non-profit organizations, academic institutions.  The grants are designed to help pay for up to 25 percent of the up front costs of renewable energy projects. 

• Governor Carcieri Names Keith Stokes Executive Director of Rhode Island Economic Development Corporation

  01/05/2010 - 14:03

  Governor Donald L. Carcieri today appointed Keith Stokes as Executive Director for the Rhode Island Economic Development Corporation (RI EDC).  Under the terms of the agreement, Stokes, 51, will serve in the position for one year, pending advice and consent of the Rhode Island State Senate. 

• Governor Carcieri Appoints Ioanna T. Morfessis as Executive Director of RIEDC

  12/11/2009 - 12:01

  Governor Donald L. Carcieri today appointed Ioanna T. Morfessis as Executive Director of the Rhode Island Economic Development Corporation.  As Rhode Island’s chief operating officer for economic development, the EDC Executive Director guides the state’s efforts to provide assistance to businesses, municipalities, chambers of commerce, academic institutions, and professional and civic associations.  The position is subject to the advice and consent of the Rhode Island State Senate.

• Deepwater Wind and National Grid Sign 20-Year Power-Purchase Agreement for Offshore Wind Energy

  12/10/2009 - 17:04

  Governor Donald L. Carcieri today announced that Deepwater Wind and National Grid have signed a 20-year, power-purchase agreement, marking a significant milestone in Rhode Island’s path toward developing the nation’s first offshore wind farm and establishing a green-collar industry. The agreement marks only the nation’s second such power-purchase agreement for renewable, offshore wind energy. 

• 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.

• Governor Carcieri and RIEDC Unveil Statewide Strategic Plan for Office and Industrial Site Development

  11/23/2009 - 17:10

  Governor Donald L. Carcieri and the Rhode Island Economic Development Corporation today announced the release of the “Statewide Strategic Plan for Office and Industrial Site Development.” The plan proposes general site development recommendations as well as more specific recommendations based on geographic area that will position Rhode Island to compete for new economic opportunities.

• 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 Ranks in Top 10 for Energy Efficiency

  10/26/2009 - 14:30

  Rhode Island is now ranked the 9th most energy efficient state for 2009, according to a survey conducted by the American Council for an Energy Efficient Economy.  This is up from its rank of 11 in 2008. 

• 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 Approves $1.2 Million in Renewable Energy Funding

  09/22/2009 - 14:42

  The RIEDC's Board of Directors and Interim Executive Director approved over $1.2 million in funding from the Corporation’s Renewable Energy Fund for eight renewable energy projects. The awards will create an estimated 21 full and 100 part-time positions.

• RIEDC Recognized for Marketing and Promotion Excellence

  09/22/2009 - 13:44

  The RIEDC is the recipient of four marketing and promotional awards from the Northeastern Economic Developers Association’s (NEDA) 2009 Literature and Promotion Awards.

• 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.

• CVS Caremark Partners with State and Local Agencies to Recruit and Train Pharmacy Techs for New Customer Care Center

  07/16/2009 - 10:41

  CVS Caremark announced today that it is partnering with several state and local agencies in Rhode Island to recruit and train certified pharmacy technicians for jobs at its new Pharmacy Customer Care Center in Cumberland, RI. 

• Providence Business News Selects RIEDC’s Julian Dash as 40 Under Forty Winner

  07/01/2009 - 11:44

  The Rhode Island Economic Development Corporation today announced that the Providence Business News has named the agency’s director of the Renewable Energy Fund, Julian Dash, as a 40 under Forty winner.

   

• 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.

• Rhode Island Leaders Collaborate on Roadmap for the State’s Green Economy

  06/26/2009 - 09:17

  Governor Donald L. Carcieri, House Speaker William J. Murphy, Senate President M. Teresa Paiva Weed and the Rhode Island Economic Development Corporation hosted the Green Economy Roundtable, aimed at identifying the state’s unique green economic opportunities and accelerating green-sector job growth. The event was held at the Crowne Plaza Hotel at the Crossings in Warwick, Rhode Island.

• 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.

• Rhode Island Innovation Network Holds Kick-Off Event

  06/18/2009 - 13:54

  A half-day workshop was the kickoff event for the Rhode Island Innovation Network and Business Development Program.

• STAC Appoints New Co-Chair, Members

  06/17/2009 - 12:04

  Governor Donald L. Carcieri today announced the appointment of David M. Farmer, PhD, FRS, FRSC, Dean of the Graduate School of Oceanography at the University of Rhode Island, as co-chair of the Rhode Island Science and Technology Advisory Council.

• Rhode Island Dubbed "Biotech Hub" in BioWorld Report

  06/10/2009 - 10:32

  BioWorld's Summer 2009 Expansion and Relocation report has named Rhode Island one of the top six biotech hotspots in North America.

• Live demonstration of defense and homeland security technologies scheduled for June 11 at Naval Station Newport

  06/10/2009 - 10:04

  The Undersea Perimeter Security Integrated Defense Environment (UPSIDE) project aims to provide a harbor and port security system for ships at dockside as well as pier side critical energy infrastructure

• 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.

• RIEDC Holds Fourth Annual Defense and Oceans Day

  05/26/2009 - 08:30

  Leaders from the Naval War College, the Naval Undersea Warfare Center,  URI’s Center for Ocean Exploration and Deepwater Wind discuss visions for the future.

• Governor, State Tourism Officials Celebrate “Tourism Works for Rhode Island,” at 24th Annual Industry Tourism Luncheon

  05/14/2009 - 13:02

  Governor Donald L. Carcieri, state tourism officials and more than 300 members of the tourism and hospitality industry gathered for the 24th Annual Tourism Unity Luncheon at the Westin Hotel in Providence. The theme of this year’s luncheon, “Tourism Works for Rhode Island,” celebrates the tourism industry’s tremendous economic impact on the state.

• Officials from Lakeland Community College, Virginia Community College System to Present “Best Practices” to CCRI Commission

  05/14/2009 - 09:53

  The second meeting of the Community College of Rhode Island 21st Century Workforce Commission will be held on May 15 at the Rhode Island Economic Development Corporation’s Providence office and will focus on career pathways.

• Quonset’s Port of Davisville Pursuing Marine Highway Corridor Program

  05/06/2009 - 09:29

  The Quonset Development Corporation is moving to have the Port of Davisville included in the federal Marine Highway Corridor Program.  The program establishes marine corridors to transport freight and passengers via ship, barge or ferry as an alternative to utilizing congested highway infrastructure. 

• 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.

• 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.

• 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

   

   

   

   

• Rhode Island to be Represented at 2009 BIO International Convention

  04/15/2009 - 03:00

  The Tech Collective, Rhode Island’s Information Technology and Bioscience Industry Association, will be partnering with the New England Biotech Association (NEBA) to represent the state’s Bioscience industry at the 2009 BIO International Convention on May 17-21, 2009 in Atlanta, GA.

• RIEDC Awarded $1.4 million to Expand Narragansett Bay Port Security Network

  04/10/2009 - 09:03

  The Rhode Island Economic Development Corporation has received a $1,402,549 Port Security Grant from the U.S. Department of Homeland Security to support expansion of the state’s Port Security Communications Network in and around Narragansett Bay.

• 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.

• Rhode Island Division of Tourism Releases Official 2009 Travel Guide

  03/30/2009 - 09:43

  The Official 2009 Rhode Island Travel Guide is now available, providing visitors from far and near extensive details about vacation opportunities in the Ocean State. The Travel Guide, which has been updated with new images and event information, provides recommended itineraries and features a comprehensive listing of cultural and recreational activities, events, transportation options and lodging for each region of the state.

• 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.

• New International Yacht Restoration School Marine Systems Training Facility Being Launched

  03/17/2009 - 14:01

  The latest in a development of commercial facilities on Franklin Street in Bristol isn’t just another new building.  Scheduled for its Official Opening on March 28, the building at the corner of Franklin and Buttonwood Streets “represents the culmination of an idea to bring the marine trades and related educational programs together”, according to Andy Tyska, Developer of the Franklin Street Marine Corridor.
   

• Quonset’s Port of Davisville is North America’s 5th Largest Auto Importer

  03/16/2009 - 15:27

  Quonset’s Port of Davisville now ranks as the fifth busiest auto importer in North America, according to new statistics compiled by PIERS Maritime Research Services and the Quonset Development Corporation (QDC).

• Customized Training Funding Available From Workforce Partnership of Greater R.I. and Workforce Solutions

  03/16/2009 - 15:10

  Rhode Island's two local workforce investment boards, the Workforce Partnership of Greater Rhode Island and Workforce Solutions of Providence/Cranston, are releasing up to $500,000 to Rhode Island businesses in order to finance customized training programs for new hires.

• Coty Inc. Signs Lease at Cumberland Commerce Center

  03/16/2009 - 14:53

  The Economic Development Foundation of Rhode Island, Inc. (“EDFRI”) announced that Coty Inc. has signed a lease for 5,500 square feet in Cumberland Commerce Center, Building II, Highland Corporate Park, Cumberland, Rhode Island.

• 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.

• State, Aquidneck Island Communities to Collaborate on Redevelopment of Former Navy Land for Economic Development Opportunity

  03/09/2009 - 11:14

  With the support of Governor Donald L. Carcieri, RIEDC, the towns of Portsmouth and Middletown and the city of Newport have signed a Memorandum of Understanding to maximize this important opportunity for economic growth.

• InQuest Technologies Celebrates the Relocation of its International Headquarters from Massachusetts to Rhode Island

  02/11/2009 - 04:00

  InQuest Technologies, Inc., held a ribbon cutting ceremony to mark the grand opening of their new corporate headquarters in Providence, RI.

• Every Company Counts Launches New Website

  02/10/2009 - 11:10

  Every Company Counts (ECC), the small business initiative of the Rhode Island Economic Development Corporation (RIEDC), today announced the launch of its redesigned and streamlined website —EveryCompanyCounts.com.

• Renewable Energy Takes Center Stage as Massive Wind Turbine Transported by Barge across Narragansett Bay

  02/06/2009 - 15:07

  Illustrating Quonset’s potential as a Center for the emerging renewable energy industry and Governor Carcieri’s commitment to developing the state as a major hub in the renewable energy field a massive wind turbine was loaded onto a barge for transportation across Narragansett Bay today.

• 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.

• 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.

• URI Opens Center for Biotechnology and Life Sciences

  01/26/2009 - 04:00

  The University of Rhode Island officially opened the doors today to the Center for Biotechnology and Life Sciences, the largest classroom and research building project in its history, with a grand celebration attended by numerous public officials, industry executives, and hundreds of URI faculty, staff and students.

• RIEDC’s Renewable Energy Fund Awards First Municipal Grant

  01/21/2009 - 08:20

  RIEDC’s Renewable Energy Fund (REF) Awards First Municipal Grant Town of Jamestown receives $30,000 for wind energy feasibility study.

• Rhode Island Receives "International Star Diamond Award" in Tourism

  01/08/2009 - 14:30

  Rhode Island becomes the first state to receive the "International Star Diamond Award" by the American Academy of Hospitality Services for excellence in tourism.

• Rhode Island Tourism Website Named Third Best by Build !nternet

  01/08/2009 - 12:45

  The Rhode Island state tourism website was recently rated third best in the nation by Build !nternet in its “finest of the bunch” category.

• 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. 

• Rhode Island Companies Attend World's Largest Medical Trade Fair

  12/22/2008 - 15:10

  In November 2008, the Rhode Island Economic Development Corporation partnered with the U.S. Commercial Service, a federal trade promotion unit of the International Trade Administration, to help four leading Rhode Island medical companies participate in the “Best of New England Pavilion” at MEDICA 2008 in Dusseldorf, Germany.

• RIEDC Releases Renewable Energy Fund Application

  12/18/2008 - 11:57

  RIEDC now accepting financing applications for renewable energy projects that have the potential to make electricity in a cleaner, more sustainable manner and stimulate job growth for the state

• Governor, RIEDC, SBA Launch $200M Small Business Stimulus Package

  12/11/2008 - 13:02

  Governor Donald L. Carcieri joined members of the local banking community, the Small Business Administration and the Rhode Island Economic Development Corporation at a press conference to unveil details of the Small Business Stimulus Package. The six point package included an infusion of capital into the State’s Small Business Loan Fund (SBLF), a state-backed loan guarantee program to encourage lending to small business, and a pledge from the local banking community to invest more than $165 million into small and mid-sized Rhode Island businesses over the next two years, and an additional pledge of $5 million in gap financing from the Business Development Company of Rhode Island.

• Rhode Island Dubbed Marine-Business Friendly by Trade Only Today

  12/04/2008 - 12:15

  Trade Only Today, a daily trade magazine for marine professionals, recently cited Rhode Island’s small geographic footprint, with more than 400 miles of coastline, as a major advantage to the marine industry by offering easy and efficient access to a vast network to many of the best ocean technology companies and customers in the world.

• Rhode Island Ranks Fifth in Technology in Annual State Competitiveness Report

  12/04/2008 - 11:52

  Rhode Island now ranks fifth overall in technology according to the Beacon Hill Institute (BHI) at Suffolk University's "State Competitiveness Report 2008." The technology sub index category measures a state's R&D capacity, inhabitants with science and engineering degrees, the number of patents per 100,000 residents and National Institutes of Health support to institutions per capita.

• RIEDC Launches Small Business Survival Series

  11/25/2008 - 14:24

  The Rhode Island Economic Development Corporation announced it will a host series of five seminars in December designed to help Rhode Island’s small businesses survive and thrive in tough economic times — RIEDC’s Small Business Survival Series.

• Report Names Rhode Island Top Performer in the 2008 State New Economy Index

  11/18/2008 - 11:42

  Rhode Island was cited as a top performer in the 2008 State New Economy Index, a report published by the Ewing Marion Kauffman Foundation and the Information Technology and Innovation Foundation (ITIF). Released today, the 2008 Index ranked Rhode Island 11th in the nation in a state-by-state analysis of how state economies are transitioning to economic development strategies that focus on the creation and retention of high-wage jobs in growth industries. Rhode Island has moved up four places from its 2007 Index position, and has moved up from 29th when the Index was first issued in 1999.

• Atrion Networking Corporation Expands Operations in Rhode Island

  11/12/2008 - 16:30

  Atrion Networking Corporation has expanded its Rhode Island operations with the creation of its new Customer Interface Division. Utilizing Atrion’s cutting-edge business solution technologies, the CID allows businesses of all sizes a state-of-the-art approach to meeting current and future client demands.

• 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.

• RIEDC Designates CVS Caremark Expansion a Critical Economic Project

  10/30/2008 - 09:01

  A $30-million expansion project proposed by CVS Caremark Corporation that would add more than 200 new jobs over the next two years has been assigned expedited permitting status by the Rhode Island Economic Development Corporation (RIEDC) board of directors.

• Support from RIMES Yields Increased Profits and Jobs for Local Manufacturers

  10/29/2008 - 11:07

  The Rhode Island Manufacturing Extension Services, a non-profit organization providing complete manufacturing solutions to Rhode Island's small and medium-sized manufacturers, announced that it has yielded a positive return of a $450,256 investment by the National Institute of Standards and Technology of 42 to 1 for the Rhode Island economy.

• RIDOT Opens New Route 403 to Highway Traffic

  10/22/2008 - 15:48

  Governor Donald L. Carcieri joined the Rhode Island Department of Transportation (RIDOT) in a ceremony on the North Kingstown/East Greenwich line to preview the new Route 403 Relocation Project.

• Portsmouth Firm A2B Tracking Solutions Wins GSA Contract Award

  10/22/2008 - 13:44

  Portsmouth-based A2B Tracking Solutions Inc. has been awarded a U.S. General Services Administration (GSA) contract, in support of the U.S. Air Force, under the Department of Defense’s Unique Identification (UID) program.

• Collaborative Innovation Summit Draws Sold-Out Crowd to Providence

  10/21/2008 - 11:39

  On October 15-16, 2008 at Trinity Rep in Providence, Rhode Island, the Business Innovation Factory's BIF-4 Collaborative Innovation Summit brought together many of today's most compelling innovators, business model renegades and true transformers to reveal the secrets of innovation success through personal storytelling.

• RIEDC Announces Results of Pilot Teacher Externship in Industry Program

  10/21/2008 - 11:25

  In an effort to encourage year-long teacher professional learning opportunities that connect student learning in STEM subjects to applications in Rhode Island’s innovation economy, the Rhode Island Economic Development Corporation  announced initial results of the Teacher Externship in Industry pilot program.

• 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.

• Governor Carcieri, RIEDC, Rhode Island Commodores Partner to Bolster Economic Development Effort

  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.

• Firm Selected to Conduct Assessment of I-195 Surplus Property

  09/30/2008 - 08:59

  A selection committee comprised of the Rhode Island Economic Development Corporation Executive Director Saul Kaplan, Rhode Island Department of Transportation Executive Director Michael Lewis, and Thomas Deller, Director of Planning for the city of Providence announced today that they have chosen Cambridge-based Chan Krieger Sieniewicz to perform a redevelopment and marketing analysis of the land that will become available for redevelopment as a result of the relocation of Interstate Route 195.

• RIEDC Recognized by Northeastern Economic Developer’s Association for Marketing and Promotion Excellence

  09/26/2008 - 15:57

  The Rhode Island Economic Development Corporation (RIEDC) announced it is the recipient of three awards from the Northeastern Economic Developers Association’s (NEDA) 2008 Literature and Promotion Awards.

• URI, RIC awarded $12.5 million federal grant to boost science and math teaching, learning across state

  09/26/2008 - 11:01

  The University of Rhode Island, in partnership with Rhode Island College, has been awarded a five-year, $12.5 million National Science Foundation grant to transform the quality of science and mathematics teaching and learning at all Rhode Island middle and high schools, Governor Donald L. Carcieri announced.

• Carcieri Names Deepwater Wind as Developer for Rhode Island’s Off-Shore Wind Farm

  09/26/2008 - 09:41

  Governor Donald L. Carcieri announced that Deepwater Wind was chosen as the successful developer to construct a wind energy project off the shores of Rhode Island that will provide 1.3 million megawatt hours per year of renewable energy – 15 percent of all electricity used in the state.

• RI Nexus Kicks Off the ‘RI Nexus College Tour’ at JWU

  09/24/2008 - 08:47

  RI Nexus to visit Rhode Island colleges to raise awareness among students about internships, employment and entrepreneurial opportunities within the state's burgeoning info-tech and digital sector.

• Director of Tourism for State of Rhode Island, David C. DePetrillo, Announces Retirement

  09/23/2008 - 11:02

  The Rhode Island Economic Development Corporation announced today that David C. DePetrillo, Director of Tourism for the State of Rhode Island, will retire from his position effective September 30, 2008. Concurrently, Mark Brodeur, Director of Tourism Operations, will be promoted to Director of Tourism for the State of Rhode Island.

• 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.

• RIEDC Awarded Special Achievement in GIS Award from ESRI

  08/14/2008 - 14:18

  The Rhode Island Economic Development Corporation has received the Special Achievement in Geographic Information Systems (GIS) Award for Leadership with Geospatial Technology from the Environmental Systems Research Institute (ESRI) at the organization’s annual International User Conference in San Diego.

• RIEDC's Saul Kaplan Discusses R.I.'s Economy with WADK's Robert Bailey

  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.

• RIEDC, Cox Communications, Raytheon, Rite-Solutions and Teknor Apex Launch Summer Teacher Training Initiative

  08/12/2008 - 10:57

  In an effort to encourage yearlong teacher professional learning opportunities in the areas of science, technology, engineering and math (STEM), the Rhode Island Economic Development Corporation (RIEDC) announced the creation of Leadership Initiatives for Teaching and Technology (LIFT2) - Rhode Island, a statewide pilot program that allows teachers to work for a summer at a company where they explore real world industry applications of STEM.

• Nine Firms to Compete for Opportunity to Conduct Assessment of I-195 Surplus Property

  08/07/2008 - 09:19

  In June 2008, the RIEDC issued a request for proposals seeking a vendor to perform a professional redevelopment and marketing analysis for the I-195 surplus property. The analysis will evaluate land use solutions that maximize the economic and tax values of the relocation parcels and enhance the public use and enjoyment of the surrounding areas.

• 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!

• 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.

• 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.

• Steven King Named New Managing Director of QDC

  07/24/2008 - 09:57

  Steven J. King, P.E. has been named Managing Director of the Quonset Development Corporation. King, a Professional Engineer, has worked at Quonset since 1998. At its board meeting on Monday, July 21, 2008, the QDC Board of Directors unanimously concurred with Kaplan’s appointment of King.

• Aspen Aerogels Opens $30-million Facility in East Providence

  07/17/2008 - 14:39

  Aspen Aerogels, a manufacturer of energy-efficient, aerogel-based insulation solutions, opened a $30-million, 150,000-square-foot manufacturing facility in East Providence Monday. The company’s expansion brings dozens of jobs to Rhode Island, with plans to add 60 more over the next three years.

• CVS Caremark Announces Expansion of its Rhode Island Operations

  07/17/2008 - 14:16

  CVS Caremark Corporation, the largest provider of prescriptions in the United States, today announced expansion plans for its Rhode Island operations over the next two years.  The company plans to build two new 150,000-square-foot office facilities in the Highland Corporate Park in Cumberland, R.I. The new facilities are designed to support the company’s continuing growth and current hiring expectation of more than 200 new positions on its corporate campus. 

• A note from RIEDC Executive Director Saul Kaplan

  06/27/2008 - 11:50

  Last week, the Milken Institute’s State Technology and Science Index confirmed that Rhode Island has made progress in its effort to become a regional and national hub for science, technology and innovation.  Milken’s Index uses a variety of indicators to measure how well each state is performing in today’s global knowledge-based economy.

• Strong Showing for Providence in 'Cybercities' Report

  06/25/2008 - 14:25

  The American Electronics Association's 2008 Cybercities report ranked the Providence-Fall River-New Bedford area as one of the nation's top cities in several areas measuring the technology industry.

• Rhode Island Breaks Into Top 10 of Science and Technology Report

  06/20/2008 - 10:10

  Rhode Island has moved up to 10th place in the 2008 State Science and Technology Index, released by California-based Milken Institute. The report uses a host of indicators to paint a comprehensive picture of how well states are performing in today’s highly competitive knowledge-based economy.

• Rhode Island to Host First Ever Supply Chain Management Summit

  06/13/2008 - 16:47

  On Friday, June 20, 2008, the Rhode Island Economic Development Corporation (RIEDC), Rhode Island Manufacturing Extension Services (RIMES), Bryant University’s Chafee Center for International Business and Banneker Industries, Inc. will be hosting the first ever RI Supply Chain Management (SCM) Summit. The RI-SCM Summit will bring together both the public and private sectors to promote best practices of SCM within the state as well as highlight the expertise and resources available in SCM to RI institutions. The event will be held from 8:00 a.m.-4:00 p.m. at the George E. Bello Center for Information Technology at Bryant University in Smithfield, RI.

• RI Nexus Expands Activities, Announces New Collaboration with Providence Geeks

  06/10/2008 - 11:59

  The Rhode Island Economic Development Corporation has announced the next phase of activity for RI Nexus, the RIEDC program dedicated to information sharing and community building in the state's info-tech and digital media (ITDM) sector. Activities will include improvements to the RINexus.com online hub, an expanded line-up of events and activities and a deepened partnership with Providence Geeks, the group co-founded by RI Nexus program director Jack Templin.

• Chaffee Industrial Roofing Celebrates 100th Anniversary

  06/02/2008 - 13:46

  East Providence’s Chaffee Industrial Roofing today celebrated 100 years in business. The firm, established in 1908 by Thomas K. Chaffee, installs and services roofs on industrial and commercial buildings throughout New England.

• Governor Carcieri to Convene Economic Policy Council

  05/20/2008 - 13:56

  Governor Donald L. Carcieri will host a meeting of the Economic Policy Council on May 21, 2008 and lead business and civic leaders in a discussion of the state’s economic development plan and priorities.  This is the first meeting of the EPC since the council was consolidated into the Rhode Island Economic Development Corporation (RIEDC).

• 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 to Sponsor Supply Chain Management Summit

  05/13/2008 - 11:37

  The Rhode Island Economic Development Corporation (RIEDC), along with Bryant University, Banneker and the Rhode Island Manufacturing Extension Services (RIMES), is sponsoring the 2008 Rhode Island Supply Chain Management Summit.

• APC to Keep Corporate Headquarters in Rhode Island

  05/12/2008 - 14:28

  American Power Conversion, the global leader in integrated critical power and cooling, announced that the company will remain at its current location in South Kingstown on Fairgrounds Road. APC had been reviewing other location possibilities, but decided that the South Kingstown, Rhode Island facility best suited the company’s needs.

• 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.

• Governor Carcieri, APC and RIEDC to Host Dpt. of Commerce Officials Visit to R.I. as Part of “Invest in America” Week Activities

  05/08/2008 - 08:45

  U.S. Department of Commerce officials plan to visit Rhode Island today to highlight the benefits of foreign investments made in the U.S. as part of the agency’s Invest in America Week activities. Invest in America Week will be held May 5-9, 2008, featuring events spanning the United States. These events will highlight the importance of foreign direct investment (FDI) for jobs and economic growth through a series of site visits to foreign investor-owned facilities in states across the country. West Kingston, R.I.-based APC, a global leader in integrated critical power and cooling services, will serve as host site for Rhode Island’s Invest in America Week activities on May 8. APC is owned by France-based Schneider Electronic, a $25 billion global specialist in energy management.

• RIEDC Announces Changes to State’s Expedited Permitting Program

  04/29/2008 - 09:07

  The Rhode Island Economic Development Corporation (RIEDC) today announced changes to the agency’s expedited permitting process, known as Certificate of Critical Economic Concern (CCEC).  The changes are designed to make the program a more useful tool in the state’s effort to expedite high priority economic development projects and to accelerate the creation of higher wage job opportunities for Rhode Islanders.

• Forensic Risk Alliance Leases Full Floor in Providence's iBuilding

  04/22/2008 - 08:54

  Forensic Risk Alliance (FRA), a leading international provider of forensic investigation and litigation support services with offices in New York and London, has entered into a lease agreement to relocate their US Headquarters to the “iBuilding” at 170 Westminster Street in Downtown Providence during the summer of 2008.

• RIEDC Expands Small Business Support Effort

  04/21/2008 - 10:42

  The RIEDC has announced the expansion of the Regulatory Flexibility (RegFlex) program, an effort to reduce the regulatory burden on small businesses. RegFlex is administered by the agency’s Every Company Counts small business service unit. RegFlex expansion will increase RIEDC’s outreach with both small businesses and state agencies to better understand the impact of state regulations and to suggest improvements that will lessen the regulatory burden on small business.

• 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.

• Kelly Space & Technology Opens East Coast Operation in Rhode Island

  04/15/2008 - 08:53

  The Rhode Island Economic Development Corporation (RIEDC) today announced that Kelly Space & Technology, Inc., a San Bernardino-based California company focusing on aerospace, energy and homeland security technologies, is establishing an East Coast operation in Rhode Island. As production commences over the next year, Kelly estimates its Rhode Island facility will house approximately 50 employees.

• RIEDC Partners in Regional Defense Industry Partnership

  04/09/2008 - 16:14

  The Rhode Island Economic Development Corporation (RIEDC) today announced the agency’s participation in the Defense Technology Initiative (DTI), a new six-state network that will work to grow the region’s premier defense technology cluster. DTI’s mission is to create jobs, strengthen the regional workforce and increase the New England-area defense community’s political presence with the Pentagon and on Capitol Hill.

• RIEDC, City of Providence and Rhode Island Department of Transportation Partner for Redevelopment of I-195 Surplus Land

  04/02/2008 - 09:54

  The new landscape created by the relocation of I-195, better known as the IWay, in Providence, which will make approximately 19.2 acres of land available for redevelopment, represents one of the most important economic development opportunities in Rhode Island’s recent history. The redevelopment has the potential to change the skyline of the capital city, add significant office and commercial space to the area and create a new hub of high-wage job growth.

• An Open Letter to the R.I. General Assembly from RIEDC Executive Director Saul Kaplan on Proposed Tax Legislation

  03/31/2008 - 16:12

  Business and tax climate have a powerful effect on our efforts to reposition Rhode Island’s economy and create more high-wage jobs for our state’s citizens. We must continue to improve Rhode Island’s tax competitiveness and hold the line on the progress we have made. Two bills recently introduced to the Rhode Island House of Representatives (H7950 and H7343) seek to increase personal and business income taxes and raise capital gains taxes. These changes to our tax structure will increase the tax burden faced by our state’s residents and businesses and jeopardize progress we have made in improving our regional and national competitiveness.

• 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.

• RIEDC, CCRI Partner to Recommend CCRI Workforce Commission

  03/13/2008 - 09:26

  The Community College of Rhode Island (CCRI) and the Rhode Island Economic Development Corporation (RIEDC) announced today that legislation to create the CCRI 21st Century Workforce Commission has been submitted to the Rhode Island General Assembly (H7889, S2450). The legislation is sponsored by Senate Majority Leader M. Teresa Paiva Weed and House Majority Leader Gordon Fox. The commission will recommend specific actions to strengthen CCRI’s position as a key institution in Rhode Island’s effort to create a 21st century workforce well prepared for the high-wage job opportunities created by knowledge economy companies.

• Governor Carcieri Announces Consolidation of Economic Policy Council into the Economic Development Corporation

  03/11/2008 - 14:30

  Governor Donald L. Carcieri today announced his decision to consolidate the Economic Policy Council (EPC) into an advisory council for the Rhode Island Economic Development Corporation (RIEDC). The advisory Council will remain in place and the Board will be chaired by Governor Carcieri. RIEDC Executive Director Saul Kaplan will continue as an EPC member and will assume responsibility for providing staff support to the Council. Consolidating EPC and RIEDC will ensure closer alignment around a single economic development strategy, sharpen the state’s focus on priority programs and will save the state money.

• 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.

• Cutting-Edge Composites Training Program is Launched in R.I.

  03/07/2008 - 04:00

  The Rhode Island Economic Development (RIEDC) in conjunction with the New England Institute of Technology announced today open enrollment in a federally funded workforce development program targeting the marine trades industry in the Ocean State. The Composite Repair & Boat Construction Training program is an intensive 12-week program aimed at increasing the number of qualified employees who have an expertise working with composite materials.

• RIEDC, Rhode Island Commodores Partner to Launch Attraction Campaign in High-wage Sector

  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.

• RIEDC 2008 Economic Growth Plan: Creating Higher Wage Job Opportunities for All Rhode Islanders

  02/26/2008 - 15:45

  Over the last few decades Rhode Island's economy has changed in fundamental ways. Like the rest of the nation, our economy has shifted away from a reliance on machinery and equipment to "knowledge workers" who generate ideas and information. We must now compete in an economy where innovation and knowledge are the primary drivers of economic growth. Though daunting, the transition to a new global innovation economy offers Rhode Island an opportunity to achieve greater prosperity now and in the years to come.

• 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.

• RIEDC Aids Goetz Custom Boats with Workforce Development, Financing

  01/22/2008 - 10:11

  Bristol’s Goetz Custom Boats was recently awarded a Governor’s Workforce Board grant of $68,000 to train 20 new employees as well as financing that helped the company build a 43,000-square-foot manufacturing facility in Bristol. The Rhode Island Economic Development Corporation assisted Goetz in obtaining both the workforce grant and financing for their new facility.

• 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

• Two EDC Initiatives Cited as PBN 2007 Stories of the Year

  01/07/2008 - 17:20

  RI Nexus, the EDC's online hub for the state's info-tech and digital media community, and the agency's quick response to expedite the permitting process for Johnston’s FM Global - ensuring the company stayed in Rhode Island, were named two of the top 10 stories of the year by the Providence Business News.

• RIEDC Proposes Expedited Review Process to Assist High-Priority Economic Development Prospects

  12/19/2007 - 17:18

  The Rhode Island Economic Development Corporation (RIEDC) today announced it will propose new rules to strengthen the agency's expedited permitting process, Certificate of Critical Economic Concern (CCEC). The agency cited the recent decision by commercial property insurer FM Global, Rhode Island's largest private company, to build a new $60 million, 340,000 square-foot headquarters in Johnston, as a model of how expedited review of high priority economic development projects can improve the state's business climate and retain and create high wage jobs in Rhode Island.

• MEDICA Trade Fair Spawns Leads for R.I. Firms

  12/17/2007 - 11:07

  The Rhode Island Economic Development Corporation partnered with other state agencies across New England to attend MEDICA 2007 in Dusseldorf, Germany from November 14–17.

• Innovation Tax Credit Stimulates Investment in Rhode Island Companies

  11/27/2007 - 04:00

  The RIEDC Board of Directors has pre-approved six companies to pursue investments that will be eligible for the state's new Innovation Tax Credit program. The credit will offer investors up to a 50 percent credit on eligible investments, with a maximum credit of $100,000. Proposed by STAC and enacted into law by Governor Donald Carcieri and the General Assembly in 2006, the Innovation Tax Credit is designed to attract and retain serial entrepreneurs and stimulate economic growth in high-wage, high-growth industries.

• PBN, RIEDC Honor 2007 Innovation Award Winners

  09/20/2007 - 17:29

  Providence Business News and the Rhode Island Economic Development Corporation are thrilled to announce the winners of this year's 2007 Rhode Island Innovation Awards. Launched in 2006, the Rhode Island Innovation Awards honor individuals and organizations that are making innovation central to their activities or have gone beyond the call of duty to help others innovate.

• Matchmaker Event Spurs Success Story

  08/06/2007 - 16:30

  In June, the Rhode Island Economic Development Corporation and the Rhode Island Procurement Technical Assistance Center, as members of the Department of Defense Northeast Regional Small Business Council, hosted a three-day spring matchmaker event at the Crowne Plaza Hotel in Warwick, where 577 small businesses and 63 prime contractors and federal agencies attended.

• RIEDC Surpasses Governor Carcieri's Goal of 20,000 New Jobs

  07/31/2007 - 03:00

  With the June numbers in from the Rhode Island Department of Labor and Training, Governor Donald L. Carcieri has announced that the state has reached his goal of 20,000 new jobs by 2007. In fact, the state surpassed Carcieri's goal by 100 jobs, with 20,100 new jobs, thanks to a record-high job count in June of 499,100 non-farm jobs.

• RIEDC, Tech Collective and the PBN partner to host 2007 Rhode Island Innovation Awards and Tech Laureates Night

  07/26/2007 - 12:46

  The Rhode Island Economic Development Corporation (RIEDC), Providence Business News (PBN) and the Tech Collective are now accepting applications for the annual Rhode Island Innovation Awards program. Awards will be presented at the 2007 Innovation Awards and Tech Laureates Night, a gala celebration of the state's innovators and technology leaders, will be held on September 20, 2007 at Hasbro's world headquarters in Pawtucket, RI.

• Quonset Development Corporation Announces Management Change

  07/13/2007 - 03:00

  Rhode Island Economic Development Corporation (RIEDC) executive director and Quonset Development Corporation (QDC) board chairman Saul Kaplan today announced the departure of QDC CEO Geoff Grout. Grout's departure will be effective immediately. "Geoff Grout is a great real estate professional. He made an important contribution to the growth of QDC during his service and I appreciate his work," said Kaplan.

• 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.

• RIEDC, RIMES Forge New Alliance to Promote Growth in Manufacturing

  05/22/2007 - 03:00

  The Rhode Island Economic Development Corporation (RIEDC) and the Rhode Island Manufacturing Extension Service (RIMES) today announced a new alliance aimed at strengthening the state's manufacturing sector. Created in 1996, RIMES provides comprehensive manufacturing solutions to Rhode Island's small and medium-size manufacturers, helping them solve business problems and raise their level of competitiveness and profitability. As part of the collaboration, RIMES will co-locate with RIEDC at the corporation's Valley Street offices.

• 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.

• Rhode Island Economic Development Corporation Moves into American Locomotive Works Development

  01/11/2007 - 04:00

  The Rhode Island Economic Development Corporation (RIEDC) announced that its plans to relocate its offices into the American Locomotive Works (ALCO) development site will occur on January 16.

• Ruby Slippers II

  07/31/2006 - 17:16

  ON MAY 14, 2004, I asserted on this op-ed page that Rhode Island has a bright economic future ("Rhode Island wears ruby slippers"). I claimed that Rhode Island is wearing ruby slippers but that many of us don't realize it.

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