Gov. Lincoln Chafee says the findings in a new report are part of the process of improving Rhode Island’s economy.
The report centers on the state’s business climate and found Rhode Island has made some progress in cutting taxes but they’re still perceived as being a potential roadblock to attracting new business. It also found gaps in funding for start ups.
Chafee says the process is part of what he calls a methodical approach his administration is using to target a better economy.
A University of Rhode Island economist is out with his monthly index of economic indicators. And it shows the state has economic momentum unmatched since 2003.
Professor Leonard Lardaro’s “Current Conditions Index” hit 92 in December, the highest mark in eight years. All but one of 12 economic indicators showed growth; the lone exception being government which is scaling back hiring as services are consolidated.
Another week passes with the usual talk from the Rhode Island political and business elite on economic development. RIPR political analyst Scott MacKay says its time for some changes in the way Rhode Islanders view our state and ourselves.