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Rhode Island Will Thrive with the Right Investments

June 14, 2016 12:05 pm

There is no silver bullet for revitalizing the Rhode Island economy. Governor Raimondo understands that. Her economic development strategy is a comprehensive one that takes aim at making state government more fiscally responsible, making it cheaper and easier to do business by cutting taxes and burdensome regulations, investing in our infrastructure, invigorating our education system and making our economy more competitive. After less than a year and a half in office, the Raimondo administration has built…

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New Economic Development Tools Bring Jobs to Rhode Island, Boost Existing Businesses

February 23, 2016 2:26 pm

Two new Rebuild RI Tax Credits spur $25 million in development; Jobs Tax Credit slated to attract 28 full-time jobs February 22, 2016 (Providence, R.I.) Governor Gina M. Raimondo and the Rhode Island Commerce Corporation Board of Directors met on Monday evening and approved the use of new economic development tools, spurring new construction and boosting job growth in Rhode Island. The projects moving forward are aided by a Qualified Jobs Tax Credit agreement and…

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Sparking the Innovation Economy

December 3, 2015 12:53 pm

Governor Raimondo and Secretary of Commerce Pryor recently have launched cutting-edge incentives to spark the innovation economy in Rhode Island as the second, "Advanced Industries & Innovation" phase of the WAVE. The three new innovation-focused programs offer companies access to research, development and partners to help them grow, while supplementing the I-195 Redevelopment Fund -- a $25-million fund to finance large-scale projects that have the potential to catalyze development in the I-195 district. The Innovation Voucher program lets businesses unlock…

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Rhode Island PTAC Helps Businesses with Government Contracting

November 5, 2015 8:57 am

In honor of Veteran's Day next week and the Rhode Island Procurement Technical Assistance Center's (PTAC) Ninth Annual Matchmaking Event and Training  Conference for veteran business owners tomorrow, we want to give you a snapshot into our PTAC team here at the Commerce Corporation and what they do to help Rhode Island businesses. Here's our Q&A with the team: Question: How does the PTAC’s services contribute to the overall success of the companies it works…

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State Leaders Make It Easy to Do Business in Rhode Island

October 29, 2015 10:36 am

It has been a few weeks since we talked about Governor Raimondo's Ocean State WAVE agenda to spur economic growth in Rhode Island. A lot has happened in those few weeks, including launching more programs outlined within the WAVE. Here's a quick recap of where we are with phase one -- workforce development: The P-Tech and Prepare RI programs launched to prepare high school students for the workforce. Real Jobs Rhode Island grant recipients were announced. The Ocean State Grad…

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Rhode Island Sixth Most Energy-Efficient in Nation

October 8, 2015 3:36 pm

Rhode Island ranked high on WalletHub's latest study on energy efficiency by state in the United States: sixth in the country and third in the Northeast after New York and Vermont, as reported in Providence Business News. The study looked at home and car efficiency, but the finance site was quick to point out the impact of energy efficiency efforts on the economy and the pressing issue of climate change. "According to a McKinsey &…

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Business Navigation Center Officially Open

September 18, 2015 4:24 pm

On Monday, we launched our new Business Navigation Center, which exists to help companies do business in Rhode Island -- with ease. Use the center as your starting point for conducting business in Rhode Island, whether your company is already here or looking to move here. Upon contact, you will receive a single, personal advisor from the team here to personally guide you through the solutions to each of your business challenges. Your advisor will…

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