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Archive for February, 2009

Rhode Island Businesses Get Help from New Center

Wednesday, February 25th, 2009

Two entities are teaming up to help Rhode Island businesses that are starting out.

The state Economic Development Corporation and Brown University plan to open the Center for Innovation and Entrepreneurship, which will help entrepreneurs start businesses. The EDC is putting $100,000 toward the center, while the Slater Technology Fund and the Science and Technology Advisory Council are fronting $50,000 each. The center will be located at 1 Davol Square, in a building owned by Brown.

Participants will pay fees for services offered at the center, which will eventually be subsidized by corporate sponsors, according to an article by The Providence Journal.


Rhode Island Jobs in the Arts Suffering

Wednesday, February 18th, 2009

Rhode Island jobs in the art industry are continuing to suffer because of the declining economy.

As various arts organizations continue to feel the effects of the economic recession, restaurants and the leisure and hospitality industry as a whole are also feeling the effects. A study released in October 2008 by the Rhode Island State Council on the Arts noted that contributions and ticket income have seen a significant increase, even though ticket sales are stable.

“This continues to be a significant problem for all Rhode Islanders, not just the many who enjoy and participate in the arts,” Randall Rosenbaum, Executive Director of the State Arts Council, said in a press release. “The arts contribute significantly to our state’s economy.


Rhode Island Construction Jobs Should be Focus of Stimulus

Monday, February 9th, 2009

President Barack Obama‘s pending stimulus should focus more on creating Rhode Island construction jobs.

Gov. Donald L. Carcieri recently sent a letter to Obama and Chief of Staff Rahm Emanuel requesting revisions to the current stimulus package, which would help create jobs and improve consumer confidence. The stimulus has already been passed by the House of Representatives.

According to a press release from the State of Rhode Island, Carcieri feels the stimulus is “deeply flawed” and has “enormous amounts of spending that have little to do with economic stimulus” and that it “will not produce immediate job growth,” especially for jobs in Rhode Island. Carcieri thinks the federal government should focus more on creating jobs immediately, especially construction jobs, and letting the American people keep more of their hard-earned money.


Jobs in Rhode Island Could Get Help From Stimulus

Thursday, February 5th, 2009

If President Barack Obama‘s proposed federal economic stimulus plan passes, it could mean good news for jobs in Rhode Island.

The $819 billion economic recovery bill – which passed in the House of Representatives but still has to pass in the Senate – would create between 3 million and 4 million new jobs nationwide by the end of next year, according to an article by The Providence Journal.

Of those jobs, 13,000 would be in Rhode Island. The state’s transportation department could see a significant amount of those employees, as many as 6,000, if the stimulus helps get public works projects underway.