PBN: R.I. Foundation holding ‘Make It Happen RI’

In Economy by Greater City Providence1 Comment

The Rhode Island Foundation will host “Make It Happen RI” on Friday and Saturday, Sept. 7 and 8. The event is designed to identify specific plans, along with the path to implement them, that in the end will help to create economic activity in the state that supplements what the private sector is doing currently.

Providence Community Libraries to close September 10-15 to address budget shortfall

In Economy by Greater City Providence3 Comments

Providence Community Library System to Close September 10 Through 15 Due to Cut in City Funding Sacrifice by PCL Staff Minimizes Extenet of Closures The Providence Community Library system will close Monday, September 10 through Saturday, September 15 due to a cut of $205,000 in funding from the City of Providence. Regular library operations will resume Monday, September 17. To …

RISD Reaches Agreement with City to More Than Double Annual Contribution

In Colleges/Universities, Economy by Greater City Providence8 Comments

Mayor Angel Taveras and Rhode Island School of Design President John Maeda announced today that RISD will more than double its annual payments to the City of Providence. RISD will contribute $2.75 million over 11 years, in addition to payments the prestigious arts school is already making under the terms of a separate 2003 memorandum of understanding, which is not …

Taveras announces new PILOT agreements with Care New England and CharterCARE

In Economy, Government by Greater City Providence4 Comments

From the Mayor’s Office on Care New England (scroll down for announcement about CharterCARE): Mayor Taveras Announces PILOT Agreement with Care New England Taveras administration secures $5.7 million from five of seven largest tax exempts Additional contribution triple annual PILOT payments from 2003 MOU PROVIDENCE, RI – Mayor Angel Taveras announced today that the city has reached a payment-in-lieu-of-taxes agreement …

Tentative Agreement between City and Retirees, Police, and Firefighters could avert municipal bankruptcy

In Economy, Government by Greater City Providence6 Comments

Taveras Administration, Retirees, Police and Firefighters Reach Historic Tentative Agreement on Pension Reform Tentative settlement heads off high-stakes legal battle, saves Providence from looming bankruptcy PROVIDENCE, RI – The administration of Providence Mayor Angel Taveras has reached a tentative agreement to reform the city’s pension and retirement benefits system. The tentative settlement gives Providence the savings it needs to avert …

Good news on job growth from the Creative Sector

In Arts, Economy by Greater City Providence1 Comment

Amongst all the sturm und drang surrounding the 38 Studios debacle and municipal financial crises around the state, there is some good news from the creative sector of our economy. Over the last six years we have seen steady growth, 52% gain in creative industry businesses and a 13% rise in creative industry jobs. This all without a $75 million …

Rhode Island totally sucks open thread, Vis-a-vis 38 Studios

In Economy by Jef Nickerson34 Comments

So I can often be wicked negative. And honestly, our site’s stats go up the more negative I am in my posts (and I get a few more fractions of cents from Google ads the higher our stats go, so,”¦), but often, I’m all like, “yeah, things are bad, but, blah, blah, blah.” However this 38 Studios stuff I just …

Mayor’s Office press release on $31.5 Million Agreement with Brown University

In Colleges/Universities, Economy by Greater City Providence13 Comments

Brown University Gate. Photo (cc) thurdl01 From the Mayor’s Office: Mayor Taveras, Brown University Announce New $31.5 Million Agreement Tuesday, May 1, 2012 Mayor credits Governor Chafee’s statesmanship to bring parties back to the table; partnership between capital city and university to bring Brown’s annual payment to nearly $8 million this year. – In the historic State Room at the …

Boston.com: Innovation fellows to get $300K for RI projects

In Asides, Economy by Greater City Providence2 Comments

Allan Tear, co-founder of Betaspring, an incubator program that helps high-tech entrepreneurs turn their ideas into companies, aims to create a “start-up revolution” in areas including art and design and food and beverage that he says are founts of largely untapped economic potential. Soren Ryherd, whose Providence company Working Planet helps businesses maximize profit through online marketing, plans to launch …

RI Future: Taveras Beheads Flanders; Chafee Should Give Him Haircut

In Asides, Economy, Government by Greater City ProvidenceLeave a Comment

Bob Flanders seemed to take a perverse pleasure in threatening other people’s livelihoods. But yesterday he was the one who got beheaded rather than getting a haircut when Providence Mayor Angel Taveras severed the city’s relationship with the Central Falls receiver-turned-municipal bankruptcy zealot. Taveras fired Flanders yesterday because the retired Supreme Court justice, who was acting as an legal adviser …

PBN: Providence Chapter 9 “unavoidable”

In Asides, Economy, Government by Greater City Providence7 Comments

Providence, Rhode Island’s capital and biggest city, probably will seek bankruptcy court protection to deal with a budget deficit, Robert Flanders, the state-appointed receiver for nearby Central Falls, said Tuesday. “I don’t see how they can get out of it without going there,” said Flanders, a former state Supreme Court justice and a partner at Hinckley, Allen & Snyder LLP. …

RINPR: Chafee unveils plan for state’s distressed communities; legislative outlook uncertain

In Asides, Economy, Government by Jef Nickerson1 Comment

Flanked by mayors and town managers from around the state, Governor Lincoln Chafee unveiled a plan this afternoon for helping Rhode Island’s most fiscally troubled communities. He held up a copy of the Providence Journal - featuring headlines about Woonsocket’s cash crunch and Providence’s bond downgrade - to underscore the gravity of the situation. See also: WPRI: A roundup of …